Open domestic and foreign currency accounts in minutes
Open multi currency accounts without visiting a bank branch. Start collecting payments from customers in their preferred currency.
Unlock global opportunity with foreign currency accounts
Trade globally, without the red tape
Easily expand into new markets. Open local currency accounts in Europe, The United States, Australia and the UK, all without leaving your office.
Collect in foreign currencies
Collect and spend in currencies like Euro? Use our global accounts to collect and spend in the same currency, eliminating unnecessary conversion fees.
Save when bringing your money back
Convert and withdraw funds into your home currency in seconds. Improve your company's bottom line with our competitive exchange rates so you get more from each conversion.
Streamline your online sales by accepting multiple currencies
Save time opening accounts across the globe
Create currency accounts at the click of a button. Skip the bank queues and excessive paperwork traditionally involved in setting up local and foreign bank accounts.
Integrate with global online marketplaces
Seamlessly integrate with global platforms like eBay, Shopify and Paypal. Accept payments in local currencies.
No monthly fees
Zero monthly fees, no minimum transactions. Our global accounts are fee-free to open and maintain.
What is a foreign currency account?
A foreign currency account is a transaction account that allows you to receive, hold and send funds in foreign currencies. You can make and receive payments in currencies such as USD, EUR and CNY, without needing to open a bank account in the respective country.
What our customers say
Open multiple foreign currency accounts, with no monthly fees
Access your own dedicated account manager
If you have a question about your account, your dedicated account manager will be on hand to help. No call queues. No automated systems.
See how our customers are finding Airwallex
Frequently Asked Questions
How does a foreign currency account work?
Foreign currency accounts allow you to receive, hold and send money in international currencies without being forced to exchange funds back into your home currency. You can set up a foreign currency account from the UK and use it to avoid exchange fees when managing money across borders.
What is a foreign currency account used for?
Foreign currency accounts are used by businesses and individuals who wish to avoid costly currency exchange when managing money across borders.
If a UK-based business has customers in Europe, for example, they can collect payment in euros into a foreign currency account without being forced to exchange them into pound sterling. This is useful if they have supplies that need to be paid in euros, or if they want to hold the euros until the exchange rate is favourable.
How do I transfer money to a foreign currency account?
If your foreign currency account is with the same provider as your home currency account, this should be a transparent and straightforward process.
Exchange rates fluctuate constantly, but businesses need more certainty than that.
Once your foreign currency account is set up, you will be able to transfer money to it from your other accounts via online banking.
We're not a bank, we're better.
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