A digital business account built for growing businesses
Skip the bank queues, paperwork, and needless fees that come with traditional business banking. Open an all-in-one Business Account, with built-in tools for global transfers, expense management, and corporate cards — all online.
Get started for free.
Trusted by 150,000+ businesses
3 reasons why businesses choose Airwallex
Reach more markets with local accounts and low-cost transfers
Most digital banks support only a few currencies and rely on SWIFT transfers that often come with high fees and delays. With Airwallex, you can open multi-currency accounts in 20+ currencies across 60+ markets, receive funds like a local business, and send payments to 200+ countries — with 120+ delivered via local payment rails for faster, more cost-effective transfers.
Get paid in more ways
Digital banks usually only let you receive payments via bank transfers. Airwallex goes further — from easy online checkout options to payment links. Your customers pay the way they prefer, and you capture every sale.
Track company spend with real-time visibility
Most digital banks provide only a single card with limited features. Airwallex gives you full visibility and control with corporate cards that come with built-in expense management. Instantly issue multi-currency physical and virtual employee cards, set spend limits by team or project, and sync expenses with your accounting tools. That way, you keep budgets on track and grow without the risk of overspend.
Go beyond banking with Airwallex
The biggest difference between Airwallex and digital banks is how much further you can go with transfers and beyond.
With Airwallex, you can collect and pay in 20+ currencies, open accounts in 60+ markets, and send money to 200+ countries — with 120+ delivered through local rails for faster, lower-cost transfers.
And it doesn’t stop at transfers. Unlike digital banks, Airwallex gives you the tools to run your business globally: multi-currency cards, payment links, and built-in expense management. This gives your business more ways to get paid, and puts you in full control of your finances as your business grows.
GLOBAL ACCOUNTS
The account growing businesses use to go global
Get global account details
60+ countries and regions where you can open local currency accounts to simplify payment acceptance, with no need to open multiple business bank accounts.
Keep funds in your preferred currency
Settle payments like-for-like in 14+ currencies — receiving funds in the same currency your customers paid in, avoiding unnecessary conversion fees.
Manage currencies in one place
Hold, convert, and transfer funds in 20+ currencies directly from your business account.
TRANSFERS & FX
Get the fastest and most cost-effective transfer solution
Move money internationally faster
Access local payment rails in 120+ countries to move money across borders without delays. 95% of transfers arrive within the same day.
Pay suppliers and employees globally
Send funds in 60+ currencies to 200+ countries using local rails or SWIFT, with the full amount on delivery guaranteed.
Save on every conversion
Enjoy access to bank-beating interbank FX rates no matter the transaction size and avoid hidden transaction fees.
YIELD
Grow your funds faster than with your traditional bank
Earn on multiple currencies
Grow your SGD and USD balances without having to open multiple accounts.
No lock-up periods
Easily move funds between your cash balances and Yield account as needed to keep your business growing.
Start earning instantly
Open an Airwallex business account to start accruing returns daily. Earn 1.39% on SGD and 3.81% on USD*
*Indicative rate is based on historical annualized rate of underlying funds as of 2 September, 2025, net of Airwallex fees and assumes subscription to the Accelerate tier at SGD 399/ month. Click here to learn more. Yield is not a savings or deposit product. Investments involve risks, including the possible loss of principal amount invested. Past performance is not indicative of future results. You should seek advice from a financial adviser before making any investment decision. In the event that you choose not to seek advice from a financial adviser, you should consider whether the investment is suitable for you. Screenshots of the product are for illustrative purposes only. Traditional rates used for comparison are an average of major traditional banks' business plan per annum rates as at 5 June 2025.
“As a lean finance team taking care of the company, we can now use one platform to oversee different entities and countries. This consolidation helps us save time and puts our limited resources to good use.”
Dominic Ong
CFO, Endowus
“When we set our sights beyond Singapore, we knew expansion wouldn’t be easy. Navigating new markets and managing finances across different countries was overwhelming. But I quickly realised that growth is about having the right people and the right tools to support you at every step – and that's how Airwallex came to the rescue.”
Rachel Lim
Co-founder, Love, Bonito
“Airwallex is a fantastically simple yet sophisticated platform that maximises the finance team’s time. It has solved our immediate pain points and we keep uncovering more functionality designed for a large organisation operating at a global scale.”
Tori McIntyre
Director, Financial Control & Analysis, McLaren Racing
“I was worried that switching providers would be a hassle, but Airwallex was surprisingly easy to adopt. With one platform, we can now accept global payments, hold multiple currencies, and pay suppliers. No more switching between different systems – everything is in one place.”
Dennis Tan
CFO, Mighty Jaxx
Frequently Asked Questions
How do I open a business account?
Apply online here in minutes. Submit your business details and ID, complete our quick verification process, and you’ll be ready to go – no paperwork or bank visits required.
Who can open an account and what documents will I need?
For most Singapore businesses, we require a certificate of incorporation, a government-issued photo ID (such as a driver's licence or passport) for all directors and beneficial owners, and relevant business registration documents. Check the full list of required documents here.
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 an Airwallex Business Account help me save on transaction fees?
An Airwallex Business Account 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.
Create an Airwallex account today
All comparisons and information reflect Airwallex’s own research using public documentation as of 28 August 2025, and have not been independently validated.
This publication does not constitute legal, tax, or professional advice from Airwallex, nor does it substitute seeking such advice, and makes no express or implied representations, warranties, or guarantees regarding content accuracy, completeness, or currentness. Product features, pricing and other details are subject to change. Airwallex does not guarantee the continued accuracy of this information and is not responsible for any inaccuracies that may arise from such changes. This publication is not intended to be relied on for the purpose of making a decision about a financial product. Users are encouraged to conduct their own verification and seek their own advice.
If you would like to request an update of the content in this publication, feel free to contact us at [email protected]. Airwallex (Singapore) Pte. Ltd. (201626561Z) is licensed as a Major Payment Institution and regulated by the Monetary Authority of Singapore.