Global Accounts
Open domestic and foreign currency accounts in minutes
Receive payments from customers in their preferred currency and say goodbye to costly conversion and transaction fees.
Hassle-free currency accounts with local bank details
Skip the queues and excessive paperwork usually involved in setting up local currency accounts around the world. Open your Airwallex Global Account online in minutes and collect payments from global customers in their preferred currency. Spend your 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
"For ME + EM, expanding into international markets such as the US has been our focus - and with Airwallex, we were able to use their local USD Global Account to collect from our Paypal US account, thereby allowing us to save 3% on each transaction. The process of working with Airwallex has been seamless - our suppliers get paid quickly, we have a dedicated Relationship Manager who has been really patient, helpful and quick to respond. I am keen to use their cards to pay for our ad spend in the near future to save further on our USD invoices."
Meera
Finance Manager, ME + EM
“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
“We used to pay Stripe between $5,000 and $10,000 a month in conversion fees because most of our customers pay in dollars. Now we funnel that money into our Airwallex US dollar account, we don’t have to pay commission. We’ve saved more than $100,000 so far this year”
Thomas Adams
Founder and CEO, Brandbassador
“The bulk of our manufacturing is done in Portugal, so paying the manufacturers through Airwallex has actually been a dream. It’s so much easier and the exchange rate you get is incredible. It means I can do it on my own without getting a trader in.”
Arthur Leventhorpe
COO and Co-Founder, Young Goat
“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
“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
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.
API Solutions
Manage Global Accounts at scale with our Core 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.
Frequently asked questions
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 local currency accounts help me save on transaction fees?
Local currency accounts 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.
Can I make Direct Debit payments from my Global Account?
Direct Debit payouts are now supported for USD, AUD, GBP, CAD Global Accounts located respectively in the United States, Australia, United Kingdom, and Canada. You can provide your Global Account details to pay both one-time and recurring bills such as taxes or utilities. Learn more.