Open multiple foreign currency business accounts in a click
Open foreign currency business accounts in USD, EUR, AUD, HKD and more from the comfort of your desk. Get started in minutes.
11 foreign currency accounts, no monthly fees
Open multiple foreign currency accounts
Open 11 foreign currency accounts for free, online, without visiting a bank branch.
Manage all your money in one place
Collect, hold, convert and pay out in multiple currencies from a single wallet.
Spend less on fees and more on growth
Avoid needless fees and FX conversions and improve your profit margins.
Global business made easy
Collect multi-currency payments
Collect customer payments from around the world into your foreign currecy accounts without forced FX conversions. Manage all your funds in one place with no monthly fees or minimum balances.
Pay suppliers without the overheads
Pay international staff, suppliers and VAT bills directly from your multi-currency account with no transaction fees.
Manage your money like a local
Each foreign currency account you open comes with a unique international bank account number (IBAN). So you can manage your money like a local, wherever you are.
Scale your business without limits
Increase global sales
Supercharge your online sales by allowing customers to pay you the way they want, wherever they are. Settle like-for-like in 30+ currencies and offer 60+ local payment methods.
Improve your profit margins
Collect, hold and send funds from your Global Account free of charge, and cut out needless FX fees.
Airwallex integrates with Xero, NetSuite, Shopify, WooCommerce and more, so you can manage your financial ecosystem with ease.
Your financial suite for global success
Make faster global transfers with our local payment routes and avoid unnecessary SWIFT fees.
Bank-beating FX rates
Want to exchange currencies? You’ll benefit from market-leading exchange rates of 0.5 - 1% above the interbank rate.
Reward your team with borderless employee debit cards. Create new cards in minutes, set spend limits at a card level, and track expenses in real-time.
Introducing your new business account
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.
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.
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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.
You don't need a bank to run your business
Start winning new markets today. Open an account in minutes, and join thousands of businesses already using Airwallex to streamline their finances globally.