GlobalBusinessAccounts
Open My Account

Provider review · 4.7 advisor score

Airwallex: fees, currencies and how to apply.

Global collections, FX and cards for ecommerce and marketplaces

1-3 weeks

Time to open

4.7

Advisor score

Paid plan

Monthly cost

Open an Airwallex account
Compare with others

Airwallex

HK · SG · EEA · AU · US

Time to open

Typically 1-3 weeks

Currencies

Hold 20+ currencies, pay out to 100+ countries

To open

No minimum in most regions; EU free plan needs about EUR 10k held

Licence status

Licensed payment / e-money institution per market (MAS, FCA, ASIC and others), not a bank

 
How we rank  How we make money

Advertising disclosure. Some links on this page are affiliate links. If you open an account we may be paid a fee, at no extra cost to you. Order is set by our published criteria and cannot be bought.

What Airwallex actually is

Airwallex holds payment or e-money licences market by market, including with the MAS in Singapore, the FCA in the UK and ASIC in Australia. It is not a bank in any of them.

The strength is the stack: collection accounts in 20+ currencies, a payment gateway, corporate cards and spend controls, plus an API. It is a natural fit for a group incorporated in Asia-Pacific that sells into several markets.

Best for

Ecommerce, marketplaces and groups collecting in many markets

Fees and pricing

Checked against the provider’s published pricing in September 2026. Figures vary by country and plan.

Monthly fee

Free entry plan in most regions; in the EU about EUR 19 unless roughly EUR 10,000 is held

Minimum balance

None in most regions

Local transfers

Free in most currencies

International transfers

From about USD 10 per payment

Currency exchange

Interbank rate plus about 0.5% to 1% by region

Cards

Unlimited virtual cards included

Where it works well

  • Collections, gateway, cards and FX in one platform
  • Strong Asia-Pacific coverage and local entity licensing
  • Free entry plan in most regions

Watch out for

  • Onboarding asks for detailed flow-of-funds evidence
  • EU free plan requires a held balance
  • Not a bank, so funds are safeguarded rather than insured

Who can open it

  • A registered company in a supported market, most commonly HK, SG, AU, UK, EEA or US
  • Clear flow of funds documentation for the collection currencies you request
  • Regulated and high-risk sectors reviewed case by case

Documents to prepare

  • Certificate of incorporation and company registry extract
  • Passport and proof of address for every director and owner above 25%
  • Description of the business, customers and expected monthly volumes
  • Ownership chart including intermediate holding entities
  • Marketplace or gateway statements showing current volumes

Ready to apply to Airwallex?

Have the documents above ready and the application usually takes under 20 minutes.

Affiliate link. We may be paid a fee; it does not change this ranking.
Open a Business account
Back to the full ranking
Best banks Compare fees KYC verified