5 best business bank accounts for international business in 2026

Key takeaways

• Over half (63%) of small businesses with international operations say that traditional banks are too slow to meet their needs.¹

• Fintech platforms such as Airwallex, Wise, and Revolut provide digital-first international business accounts with faster transfers, lower FX costs, and more automations than traditional banks.

• To choose an international business bank account, carefully consider your company’s global footprint, currency needs, and preference for digital versus branch-based support.

The five best business bank accounts for international businesses are Airwallex, Wise, Payoneer, Revolut, and Chase Bank, based on our analysis of dozens of financial services providers.

Airwallex stands out for its multi-currency account that can hold 20+ currencies and supports fast, low-cost payments to 200+ countries on local payment rails.

In this guide, we’ll dive deeper into international business bank accounts and explain what to look for when choosing one. Keep reading to find the best bank account for your international business today.

Top international business accounts at a glance

Best business bank account for international payments and fast global expansion: Airwallex

Our take: Airwallex is a global payments and financial platform that offers an international business account, enabling companies to manage, hold, and transfer funds in multiple currencies. Features include local bank details in supported markets, access to local payment rails, and foreign exchange (FX) at interbank rates. 

Airwallex also supports embedded finance use cases and provides APIs for automating global payment flows, making it suitable for platforms, eCommerce businesses, and fast-scaling international companies.

Pros

• Save up to 80% on currency conversion fees compared to traditional banks

• Pay no fees for international transfers to 120+ countries

• Get corporate debit cards for all your employees with no international card fees

Cons

• HR and NetSuite integrations require upgrade to ‘Grow’ plan

• Higher fee for converting minor currencies

• Rules-based automations for expense management are coming soon

Best business bank account for international wire transfers: Wise Business

Our take: Originally launched as TransferWise, Wise has expanded into business services while maintaining its focus on low-cost international transfers. Wise Business enables companies to hold and convert funds in multiple currencies, receive payments with local account details, and send payments internationally. 

Pros

• Integrates with major accounting platforms, including QuickBooks, Xero, and Sage

• USD, GBP and EUR balances are eligible to earn interest

• Volume discounts for large payments (over $25,000 or equivalent)

Cons 

• Payment fees vary widely by currency and recipient country

• International payments are only accepted in 18 currencies

• Multi-currency cards for your employees can cost $5 each

Best for freelancers and eCommerce sellers working with international marketplaces: Payoneer

Our take: Payoneer, a global payment platform, is geared toward freelancers, eCommerce sellers, and businesses working with international marketplaces. It enables users to receive and hold payments in multiple currencies through virtual receiving accounts, withdraw funds to local bank accounts, or spend using a prepaid business card. Payoneer offers embedded finance and API tools for larger businesses, including payment pages, shopping cart plugins, and service APIs.

Pros

• Integrations for 2,000+ eCommerce and freelancing platforms

• Very high $200,000 daily spending limit

• Virtual debit cards support spending in multiple currencies

Cons 

• Up to 3% fee to send money to a bank account not linked to Payoneer

• Above-average payment acceptance fees

• Customers typically must sign up for Payoneer to complete payment requests

Best for flexible multi-currency accounts and expense management tools: Revolut Business

Our take: Revolut Business is a digital financial platform offering multi-currency accounts, corporate debit cards, FX services, and expense management tools. Businesses can hold, exchange, and send payments across borders. With flexible pricing plans and features such as budgeting tools and user permissions, Revolut appeals to freelancers, gig workers, and small businesses seeking accessible cross-border financial services.

Pros

• Convert up to $80,000 in currency each month at interbank rates (with ‘Scale’ plan)

• Fee-free withdrawals at 55,000+ in-network ATMs around the globe

• Integrates with QuickBooks, Xero, NetSuite, Odoo, and more

Cons 

• Plans include a small number of fee-free international transfers each month

• ‘Scale’ plan is expensive compared to other fintech offerings

• No cash of check deposits

Best for enterprise businesses needing full-service banking and in-person support: Chase Bank

Our take: Chase Bank is among the best banks for international business as a full-service US bank offering international business bank accounts, SWIFT-based wire transfers, treasury management, and foreign currency services. It is best suited for large or enterprise businesses requiring in-person support, access to credit, and comprehensive banking infrastructure. 

While Chase allows certain business entities, such as sole proprietorships, single-member LLCs, and corporations with one authorizing representative, to open accounts online, more complex business structures typically require visiting a branch to complete the account setup process. 

In the US, Airwallex offers global business accounts in over 60 currencies, multi-currency wallets, virtual and physical cards, and API automation – ideal for US firms expanding internationally.

Pros

• Network of more than 5,000 branches and 15,000 ATMs in the US

• Multiple ways to have the monthly account fee waived

• Offers other business banking services, like credit cards and lines of credit

Cons 

• All plans include limits on in-branch transactions and deposits

• Expensive fees for international wires

• Only offers a traditional accounting integration for QuickBooks

Methodology for choosing the best bank accounts for international business

We evaluated dozens of financial institutions, including major US banks, credit unions, and fintechs, based on their suitability for international businesses. We considered their support for holding and transacting in multiple currencies as well as account fees, international transfer fees, and currency conversion rates. 

We also looked at business-friendly features like corporate cards, expense management tools, invoicing tools, and accounting and eCommerce integrations. Finally, we considered each account’s support for in-person and ATM transactions.

We analyzed each business account based on these criteria and ranked our top choices to arrive at the five best business bank accounts for international businesses.

Understanding international business accounts

We’ll dive deeper into the best business bank accounts for international payments to help you understand the different types and why your business needs one.

What is an international business bank account or international business account?

An international business bank account is a specialized financial account designed for businesses that have customers or suppliers in multiple countries. It works just like a traditional business bank account, but offers greater support for currencies other than USD and reduced fees for transactions involving international banks.

The terms ‘international business bank account’ and ‘international business account’ are often used interchangeably, but it’s worth pointing out a subtle difference between them. International business bank accounts are offered by traditional financial institutions, such as Chase Bank, that hold a U.S. banking license. 

International business accounts are offered by modern fintechs like Airwallex that aren’t banks, but are licensed as Electronic Money Institutions (EMIs) or Money Services Businesses (MSBs). Both are very safe, and most fintechs partner with banks to ensure your balances are insured by the Federal Deposit Insurance Corporation (FDIC).

Types of international business accounts

International businesses can choose from several types of business accounts.

Traditional bank accounts

Traditional bank accounts are offered by major US banks. They typically only hold USD balances and charge higher fees for international transfers than other types of accounts. However, many traditional bank accounts offer in-person services and ATM access, making them a good option for businesses that handle both cash and digital payments.

Fintech accounts

Fintech business accounts are offered by fintechs rather than banks. They often let you hold balances in multiple currencies and offer payment acceptance tools such as payment links and checkout integrations. Fintech accounts also offer international business debit cards for you and your employees, along with expense management tools to control spending. While some fintechs offer access to ATM networks, fintech accounts are usually online-only.

Multi-currency accounts

Multi-currency accounts are a type of fintech account that enables you to hold balances in several currencies, such as USD, EUR, GBP, and more. Usually, they offer local bank details in multiple countries, so you can take advantage of reduced transfer fees and faster payments using local payment rails. Multi-currency accounts, like those offered by Airwallex, also enable you to convert currencies at lower rates than with traditional bank accounts.

Foreign currency accounts 

Foreign currency accounts are like multi-currency accounts, but more limited in scope. They allow you to hold only one foreign currency, such as EUR or GBP, but not both. Foreign currency accounts are usually offered by traditional banks as an alternative to multi-currency accounts. They’re worth considering if you do business in just a single country outside the US, but multi-currency accounts are a better choice for most international businesses.

Benefits of international business accounts

• Hold, send, and receive multiple currencies without forced conversions

• Pay reduced fees for international transfers to suppliers

• Accept payments from customers in local currencies using their preferred payment methods

• Integrate with accounting software and eCommerce platforms

• Get corporate debit cards for you and your employees with no international fees

Risks of international business accounts

• Fewer fraud protections compared to consumer accounts

• Banks can freeze large international transfers for additional review

• Giving access to multiple users can increase financial and cybersecurity risks

What international business accounts can offer

The features below are commonly available from fintech providers. Traditional banks may offer only a portion of these capabilities:

• Local currency accounts allow you to hold USD, EUR, GBP, and more, helping your business manage revenue and expenses in the currencies you operate in.

• Payment collection options include invoices, checkout integrations, and payment links.

• International business cards enable you and your employees to purchase from international suppliers without extra fees.

• Expense management tools provide real-time visibility and control over spending across currencies and teams.

• International business payments use local payment rails to reduce transfer fees and speed up payments.

• International business wire transfers enable large payments to hundreds of countries in any currency.

Top considerations when choosing an international business account

Now that you’ve seen how top international business accounts compare, it’s important to think beyond the features. Choosing the right international business account depends on how well a provider fits your current operations and your plans for global growth. Below are a few key factors to keep in mind:

1. Account structure and licensing

One of the biggest differences between banks and fintech platforms is how – and where – you interact with them.

• Traditional banks may offer online setup for basic business structures, but typically require in-person setup for more complex entities. They also offer branch-based services, which may be beneficial if your business requires face-to-face support, physical check deposits, or a more personalized relationship.

• Fintech providers like Airwallex and Wise operate entirely online. While they’re licensed to offer financial services, they don’t have physical branches, making them ideal for businesses that value speed, automation, and digital-first workflows.

A traditional bank may be a better fit if your team needs branch access or works with cash or paper checks. A fintech platform may offer greater convenience and flexibility for businesses that operate remotely or across borders.

2. Currency capabilities

Consider whether you need to hold, send, and receive funds in multiple currencies, or just one or two. Some providers offer full multi-currency wallets with local account details, while others are more focused on outbound payments or charge higher fees for currency conversion.

3. Transfer infrastructure

Traditional banks typically rely on the SWIFT network for international payments, which can take several business days and may involve intermediary fees. Fintechs often use local payment rails, enabling faster, lower-cost delivery for supported currencies and destinations.

4. Card and expense management tools

If you plan to issue cards to team members or manage spend across departments or geographies, consider whether the provider offers multi-currency business cards, real-time spend controls, or built-in expense management tools. These features are typically standard among fintech platforms but may be limited in traditional banking setups.

5. Support, integrations, and flexibility

Think beyond transactions. Do you need integrations with accounting software, API access for automation, or responsive support across time zones? Providers vary widely in what they offer outside of the core account experience. Make sure the broader ecosystem matches your team’s workflow and technical capabilities.

How to apply for and open an international business bank account 

Once you’ve evaluated providers and identified the right fit for your business needs, the next step is to open a business bank account. While the exact process varies depending on the provider and country, there are a few common steps to expect:

• Assess the account types offered by your selected provider to choose the one that best supports your currency needs, transaction types, and operational structure.

• Choose your location, including your residence and where you want to open an account.

• Confirm eligibility for your chosen account, considering residency and business requirements. 

• Apply online and submit your business details to open an account. Some traditional banks offer online setups for specific business types. However, more complex entities often must visit a branch to complete the process.

You’ll need a few specific assets to open your account, too. It may vary depending on your location and provider, but you’ll generally need:

• Personal identification, including your ID and Social Security number

• Business identification, including registration documents and your business’s address

• Minimum deposit – many accounts have minimum balance requirements to maintain an account.

Don’t forget to consider fees. Some accounts waive fees for the first year, while others charge setup and annual fees upfront. 

How long does it take to set up an international business account? 

Fintech providers can approve accounts in as little as one to three business days after document submission. Traditional banks may take several days to weeks, depending on the complexity of your business and whether an in-person setup is required.

Alternatives to international business bank accounts

While banks or fintechs like Airwallex are the best choice for most international businesses, they’re not your only option. Alternatives include:

• Credit unions offer business bank accounts with limited functionality for international businesses. They typically hold only USD, may charge above-average fees for international payments, and often lack payment collection or expense management tools.

• Specialized FX platforms, like OFX and TorFX, specialize in managing exchange rate risk, which can be helpful for international businesses looking to minimize volatility. These platforms also support international payments, but may have higher fees than other fintechs.

Choosing the right solution for your global needs

An international business account helps simplify global operations, reduce FX costs, and speed up cross-border transactions. Some solutions also offer automation, team tools, and integrations that scale with your business.

Airwallex offers multi-currency business accounts, real-time transfers on local payment rails, and tools like Payment Links, Plugins, and Bill Pay, all accessible through a single digital platform. 

Regulated in over 60 jurisdictions and trusted by 150,000+ businesses globally, Airwallex helps you move money faster and manage finances more efficiently. Whether you choose a bank or a fintech platform, aligning your account with how your business operates today and where it’s headed can help you reduce overhead, simplify global finance, and scale confidently.

Frequently asked questions about international business bank accounts

What is the best bank for international business?

Airwallex delivers significant cost and speed advantages over traditional banks in the US. FX conversions typically carry an interbank-rate markup of only 0.5–1%, compared to 2–3% or more at banks. 

A good traditional bank option for international businesses is Chase Bank. Its business account offers access to more than 5,000 branches and 15,000 ATMs and foreign currency services. It also offers SWIFT-based wire transfers.

How to open a business account for international operations?

US businesses can open an Airwallex international business account 100% online, no in‑person visit or branch required. Once documents are submitted, verification typically takes 1–3 business days. After this, you will receive a USD Global Account with local bank and branch details, allowing you to receive, hold, or send funds at interbank FX rates.

What documents do I need to open an international business account? 

Requirements vary by provider, but most will ask for government-issued photo ID, proof of business registration, proof of address, and, in some cases, your tax identification number. Some traditional banks may also require in-person verification or a minimum deposit.

Can I open an international business account online? 

Yes. Many fintech providers, such as Airwallex, Wise, and Revolut, offer online applications. Some traditional banks also allow online opening for certain business structures, though more complex entities may still need to visit a branch.

Which currencies can I hold in an international business account? 

This depends on the provider. Fintech platforms often support 20–40+ currencies, while traditional banks may offer fewer options unless you open specialized foreign currency accounts.

Are wire transfers over $10,000 reported to the IRS?

Wire transfers over $10,000 are not automatically reported to the IRS. However, your bank may file a Suspicious Activity Report (SAR) with the Financial Crimes Enforcement Network (FinCEN) if the payment is unusual for your account. The IRS has access to Suspicious Activity Reports so it will be able to see a record of the transaction if it investigates.

Sources:

• https://www.techradar.com/pro/traditional-banks-are-proving-to-be-too-slow-and-cumbersome-for-smbs

• https://wise.com/help/articles/2897238/which-currencies-can-i-add-keep-and-receive-in-my-wise-account

• https://wise.com/us/blog/wise-limits

• https://wise.com/us/pricing/business/send-money

• https://wise.com/us/pricing/business

• https://www.payoneer.com/payoneer-account/

• https://www.payoneer.com/about/pricing/

• https://www.revolut.com/en-US/business/money-transfers/

• https://www.revolut.com/en-US/business/business-account-plans/

• https://www.chase.com/business/banking/checking

Disclaimer: We wrote this article in Q4 2025. We based the information on our own online research and were not able to manually test each tool or provider. The information is provided for educational purposes only, and a reader should consider the specific requirements of their business when evaluating providers. If you would like to request an update, feel free to contact us at [email protected].