Global Accounts
Open a multi-currency business account online to accept funds in minutes
Eliminate costly conversion and transaction fees with an Airwallex foreign currency business account, allowing you to open local accounts in 20+ currencies and receive funds like a local from 70+ countries.
Remove hassle and simplify your multi-currency business with Global Accounts
Skip the queues and tedious paperwork usually involved in setting up local currency accounts around the world. Open a foreign currency business account online and collect international payments from global customers in their preferred currency. Spend proceeds later in the same currency, eliminating unnecessary conversion fees.
Save on unnecessary bank charges
There are no account opening fees, monthly maintenance charges, or minimum transaction requirements.
Streamline your global cash management
Convert held balances to different currencies in just a few clicks and review your global transactions in a single view.
Know your funds are safe and secure
Relax knowing that your money is secure and protected with end-to-end encryption and bank-level security.
Avoid costly conversion fees
Eliminate unnecessary conversion fees by receiving payments in the same currencies that your customers pay in.
Get started with Global Accounts
Global Accounts function as local currency accounts in your name that come with local bank and branch codes and dedicated account numbers. You can set up Global Accounts in the majority of countries below regardless of where your business is located. They make it easy for you to receive funds domestically and internationally into your Airwallex account in multiple currencies. Get everything you need to manage money globally, without the hassle of a traditional bank.
CAD Global Account
This is an example of a CAD currency account we provide in Canada.
Account Capabilities
- Create accounts instantly
- Create accounts in the name of your business
- No transaction limits
- No additional industry limits
Deposit Methods
Domestic Bank Transfers
- EFT
- 0-1 day
- Interac e-Transfer
- 0-1 day
CAD Global Account
This is an example of a CAD currency account we provide in Canada.
Account Capabilities
- Create accounts instantly
- Create accounts in the name of your business
- No transaction limits
- No additional industry limits
Deposit Methods
Domestic Bank Transfers
- EFT
- 0-1 day
- Interac e-Transfer
- 0-1 day
“We have contractors based in China, the US, and Europe, and our Airwallex Global Account enables us to make global payments from one simple portal. Having Airwallex as our global trusted partner means we can spend less time on the phone to the bank, and more time instead focusing on growing our business both domestically and internationally.”
Richard Li
Co-founder & CEO, July
“Airwallex provides us with flexibility and cost savings in dealing internationally. We used Airwallex to receive our recent global fundraising round and pay international suppliers and are saving at least 5% per dollar transferred versus the big banks.”
George van Dyck
Finance Manager, Zoomo
“Businesses have systems to manage their inventory, we see Airwallex as the system to manage their money. Airwallex is now part of our strategy to optimise our clients’ global purchasing and payments. It is something that any modern agency will naturally be recommending as part of the usual technology stack.”
Nigel Poole
Director, Matter Design & Digital
“We couldn’t just look at the cost of the product, but also the cost of selling that product. We needed to factor in things like digital marketing spend, merchant fees and currency conversion fees on each sale. With Airwallex, we’ve saved over $12,000 each month that I re-invest into the business for the long-run.”
Hayley Worley
Founder, The Sheet Society
"Airwallex solves the problem of creating currency accounts almost instantly. I can click one button to create a UK account. We haven’t looked back since day one."
Peter Park
Business Improvement Manager, Deliciou
“Airwallex is what the new face of managing finances should really look like. First thing I did when I walked into Mr Yum was move all our subscriptions off a big 4 debit card and onto Airwallex. I reckon it saved us close to $50,000 this year in our FX fees.”
Corey Payne
Financial Controller, Mr Yum
“Airwallex has allowed us to get things done at ten times the speed it used to happen. It means we could spend more time on our brand, our website and the customer experience. That’s what helped us to grow so much in a short span of time. These solutions just didn’t exist a few years ago.”
Andrew Ford and Rosa-Clare Willis
Co-founders, Crockd
"Airwallex has made it so simple for us to move and use money anywhere. Our practice manager, virtual CFOs and bookkeepers has now saved so much time since they can all jump on the platform, with transactions syncing directly into Xero. We're also saving a ton of money on FX so we can do away with the other accounts we used to save on FX."
Harry Sanders
Founder, StudioHawk
“Coconut Bowls very quickly attracted global attention and we began making sales in USD, GBP and Euro. Before Airwallex, we were making unnecessarily expensive conversions. Our margins have easily increased by 3% simply by switching to Airwallex.”
Jake McKeon
Founder, Coconut Bowls
“Like many high growth businesses, you’re dealing with multiple currencies. Now, with Airwallex we’re using the one platform to make multiple currency payments.”
Hai Trang
Virtual CFO, Orbitkey
“The most important part for business expanding internationally comes down to localisation. People don’t want to buy out of an Australian warehouse, they want to be buying from a local warehouse. They don’t want to be paying to an unfamiliar bank account with high fees, they want to be paying like a local.”
Rex Kuo
Co-Founder, Orbitkey
“Airwallex is so easy to use. It’s allowed my team to self-serve which suits our growing business and teams. Whether it’s getting payment approvals, or giving a virtual card for a new employee – it gives us the visibility and control we need.”
Tristan Cheal
Financial Controller, Clipchamp
API Solutions
Manage Global Accounts at scale with our Platform API
Businesses rely on our API to handle their most complex requirements. Programmatically create Global Accounts, authorize Direct Debit deductions for one-time or recurring purchases, generate account statements, and more.
FX & Transfers
End-to-end global money management
When a payment gets sent to one of your Global Accounts, those funds are instantly visible to you in your Airwallex Wallet. Easily convert currencies at interbank rates and use Airwallex FX & Transfers to make fast, cost-effective domestic and international transfers.
Frequently asked questions: Foreign Currency Account
What are multi-currency accounts?
Multi-currency accounts are business accounts that enable you to receive, hold, and send funds in multiple currencies. These accounts provide local banking details for each country so your business can operate globally without the complexity of managing multiple bank accounts. Simplifying cross-border transactions, multi-currency accounts help reduce cost, improve cash flow, and support seamless global expansion.
What are multi-currency accounts used for?
Multi-currency accounts allow individuals and businesses to hold, manage, and spend multiple currencies through a single account, eliminating the need to open separate bank accounts for each currency. These accounts also eliminate unnecessary currency conversion and help to reduce foreign exchange (FX) fees. Multi-currency accounts are especially useful for people and businesses operating across multiple countries, as they provide greater flexibility, lower costs, and more efficient international money management.
How does an Airwallex multi-currency business account work?
Airwallex’s multi-currency business accounts work by offering local banking details for 20+ countries that you can use to receive transfers. Once you receive the funds, they’re held securely in your Airwallex multi-currency wallet, where they can be converted into other currencies, spent, or sent internationally. This streamlined approach simplifies cross-border payments, reduces foreign exchange costs, and enables businesses to manage global finances efficiently from one account.
How can multi-currency accounts help me save on transaction fees?
Multi-currency accounts help you save on transaction fees by letting you send and receive payments via local payment rails with local currency and banking details, avoiding SWIFT and international bank fees. These accounts also allow you to receive and hold funds in the original currency rather than being converted and paying conversion fees.
How to open foreign currency account?
You open a foreign currency account by applying online for a multi-currency business account and submitting your business documents for verification. With Airwallex, approval is fast, typically taking a few business days. Once your account is approved, you can open Global Accounts in supported markets directly from your dashboard, instead of opening separate in-country accounts for each currency.
How to open a multi-currency business account online?
To open a multi-currency business account, first prepare the required documentation, which includes personal details and information to verify the business. Once you complete the online application, it usually takes a few business days to be verified. You can then open your multi-currency business account.
How fast can I open a multi-currency account?
You can open an Airwallex multi-currency account online in as little as a few business days after submitting your documents for verification. For New Zealand businesses, opening a multi-currency account online is often much faster than visiting a bank branch to open a traditional business account.