Global Accounts

Open domestic and foreign currency accounts in minutes

Receive payments from customers in their preferred currency and say goodbye to costly conversion and transaction fees.

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Hassle-free currency accounts with local bank details

Skip the queues and excessive paperwork usually involved in setting up local currency accounts around the world. Open your Airwallex Global Account online in minutes and collect payments from global customers in their preferred currency. Spend your 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. They make it easy for you to receive funds domestically and internationally into your Airwallex account from multiple countries and regions. Get everything you need to manage money globally, without the hassle of a traditional bank.

Australia
Canada
Denmark
Europe (SEPA)
Hong Kong SAR
Indonesia
Japan
New Zealand
Poland
Singapore
United Kingdom
United States

AUD Global Account

This is an example of an AUD currency account we provide in Australia.

Account Capabilities

  • Create accounts instantly
  • Create accounts in the name of your business
  • Payout via Direct Debit
  • No transaction limits

Deposit Methods

Domestic Bank Transfers
  • 0-1 day
Australia

AUD Global Account

This is an example of an AUD currency account we provide in Australia.

Account Capabilities

  • Create accounts instantly
  • Create accounts in the name of your business
  • Payout via Direct Debit
  • No transaction limits

Deposit Methods

Domestic Bank Transfers
  • 0-1 day
Airwallex Testimony

“Singapore is a small market. Businesses who wish to make decent earnings have to export to other markets, at some point. Airwallex has accelerated our international expansion and enabled us to set up new overseas business accounts very easily.”

Emily Chu

Co-founder of Hey! Chips

Airwallex Testimony

“With Airwallex, we can now collect customer payments from countries such as China, Hong Kong, Australia, US and Japan in their local currencies and remit our profits back to Singapore at very competitive conversion rates."

Ying Tze Her

Chief Operating Officer, Saturday Club

Airwallex Testimony

“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 Testimony

“We use Airwallex for opening accounts in new markets quickly and we now have bank accounts in each of the countries we operate in. It allows us to very easily move funds from our account in the US into our other local currency accounts in various markets within seconds, and pay our partners and salaries easily.”

Charlie Bullock

CEO and Co-Founder, Scan.com

Airwallex Testimony

“Airwallex saves us $40,000 annually in collections costs from our sales on Amazon, which is the majority of our sales in the U.S. market. It also allows us to ‘repurpose’ our international currencies. For example, if we sell in Europe we can pay European suppliers in Euros as well. There’s no need to ‘double convert."

Edward Agaba

Controller, Dalstrong

Global Accounts

Manage Global Accounts at scale with our Core API

Businesses rely on our API to handle their most complex requirements. Programmatically create Global Accounts, authorise 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

What are local currency accounts used for?

Local currency accounts make it easy for you to conduct your business operations in multiple currencies. They come with account numbers and banking details that allow you to easily receive funds in specific currencies. This is particularly useful if you're a global business – you'll be able to collect funds in your international customers' preferred currency and then use those proceeds to pay local expenses in that same currency. By comparison, a regular transaction account may forcibly convert funds in and out of your home currency with every transaction, incurring costly FX fees in both directions.

How can local currency accounts help me save on transaction fees?

Local currency accounts can be used to avoid unnecessary conversion fees and to save on everyday expenses. You can collect payments from your international customers in their preferred currency and then spend those proceeds later in the same currency (for example, to pay global suppliers and employees), thereby eliminating unnecessary conversion fees. You can also benefit from holding funds in a foreign currency until FX rates are favourable enough to convert these funds to your home currency.

Can I make Direct Debit payments from my Global Account?

Direct Debit payouts are now supported for USD, AUD, and GBP Global Accounts located respectively in the United States, Australia, and the United Kingdom. You can provide your Global Account details to pay both one-time and recurring bills such as taxes or utilities. Learn more.

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