Global Accounts
Open a multi-currency business account online to accept funds in minutes
Eliminate costly conversion and transaction fees with an Airwallex multi-currency business account, allowing you to open local accounts in 20+ currencies and receive funds like a local from 70+ countries.
Remove hassle and simplify multi-currency business with Global Accounts
Skip the queues and tedious paperwork usually involved in setting up local currency accounts around the world. Open a multi-currency business account online and collect international payments from global customers in their preferred currency. Spend 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. You can set up Global Accounts in the majority of countries below regardless of where your business is located. They make it easy for you to receive funds domestically and internationally into your Airwallex account in multiple currencies. Get everything you need to manage money globally, without the hassle of a traditional bank.
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
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
“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 provides us with flexibility and cost savings in dealing internationally. We used Airwallex to receive our recent global fundraising round and pay international suppliers and are saving at least 5% per dollar transferred versus the big banks.”
George van Dyck
Finance Manager, Zoomo
“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
“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
API Solutions
Manage Global Accounts at scale with our Platform API
Businesses rely on our API to handle their most complex requirements. Programmatically create Global Accounts, authorize 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 about multi-currency accounts
What are multi-currency accounts?
Multi-currency accounts are business accounts that enable you to receive, hold, and send funds in multiple currencies. These accounts provide local bank details for each country so your business can operate globally without the complexity of managing multiple bank accounts. Simplifying cross-border transactions, multi-currency accounts help reduce cost, improve cash flow, and support seamless global expansion.
What are multi-currency accounts used for?
Multi-currency accounts allow individuals and businesses to hold, manage, and spend multiple currencies through a single account, eliminating the need to open separate bank accounts for each currency. These accounts make it easy to receive, store, and send money in different currencies without unnecessary currency conversion, helping to reduce foreign exchange (FX) fees. Multi-currency accounts are especially beneficial for people and businesses operating across multiple countries, as they provide greater flexibility, lower costs, and more efficient international money management.
How can multi-currency accounts help me save on transaction fees?
Multi-currency accounts help you save on transaction fees by enabling you to send and receive payments through local clearing houses and domestic bank transfers with local currency and banking details, avoiding SWIFT and international bank fees. These accounts also allow you to receive and hold funds in the original currency rather than being converted and paying conversion fees.
Can I make Direct Debit payments from my multi-currency account?
Yes, you can make direct debit payments from Airwallex or other multi-currency accounts to manage business expenses. You can also deposit funds into your multi-currency account from external bank accounts via direct debit.
How does an Airwallex multi-currency business account work?
Airwallex’s multi-currency business accounts work by offering local bank details for each country you’ll be collecting funds from. These details can be provided to payers or platforms through local clearing houses. Once you receive funds, they’re held securely in your Airwallex multi-currency wallet, where they can be converted into other currencies, spent, or sent internationally. This streamlined approach simplifies cross-border payment, reduces foreign exchange costs, and enables businesses to manage global finances efficiently from one account.