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Airwallex review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Airwallex suits businesses that collect and pay in several currencies and want a card on the same balance. The account is a easy access one with a monthly fee of £0, and spare cash earns 2.18% to 3.83% while a debit card handles day to day spend.

Key facts

Best for
Multi-currency businesses that want a card, a low monthly charge and a yield balance in one account.
Monthly fee
£0↗
Currency conversion fee
0.5%↗
Card type
Debit↗
Cashback rate
2%↗
Card network
Visa↗
Currencies
20↗
Legal entity
Airwallex (Singapore) Pte. Ltd.↗
Headquarters
Singapore↗
Founded
2015↗
Support channels
Help-centre, Phone, Chat↗
Features
Multi-currency, Virtual card, Travel
Audience
Business
Official website
airwallex.com

Savings

Headline rate
2.18% to 3.83%↗
Rate type
Variable↗
Minimum deposit
HK$0↗
Deposit protection
FSCS up to GBP 85,000↗
Access terms
Airwallex Yield: no lock-up, no minimum balance, daily returns, funds settle to and from Yield balances within 2 business days↗
Account kind
Easy access↗

Facts checked September 26, 2026, 10 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataWikipediaLinkedInXTrustpilot

Pros and cons

Pros

  • A monthly fee of £0 on the business account, with a conversion fee of 0.5% on currency changes.
  • The yield balance is easy access, takes a minimum deposit of HKD 0 and pays 2.18% to 3.83% on a variable rate.
  • A debit card on the visa network, plus virtual cards, with access to 20 currencies.
  • Deposit protection is FSCS up to GBP 85,000, and licences are held in Singapore and the Netherlands.

Cons

  • The conversion fee of 0.5% is well above Wise at 0.1%, which puts Airwallex at 116 of 258 on that measure.
  • The account is for business users, so personal savers have no product to open.
  • Money settles to and from the yield balance within a short settlement window, which can hold up a same-day supplier payment.
Airwallex

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Scored 9.0 / 10 by SumCue.

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Who it suits

  • Companies paid in several currencies, since the account holds 20.
  • Firms that want a debit card and virtual cards for staff spending and subscriptions.
  • Businesses parking spare cash in a easy access yield balance paying 2.18% to 3.83%.

Who should look elsewhere

  • Anyone whose main spend is currency conversion, because Wise charges 0.1% against 0.5% here.
  • Personal savers, since the account is for business use and bunq offers a personal plan at €0 a month.
  • Borrowers rather than spenders, since Varo Believe Secured Credit Card is a credit card with a monthly fee of $0.

How Airwallex compares

Where Airwallex is available

Available
Australia, Canada, China, France, Germany, Hong Kong, Israel, Japan, Malaysia, Netherlands, New Zealand, Singapore, South Korea, Spain, United Kingdom, United States, Vietnam
Licence in Netherlands
De Nederlandsche Bank (DNB) (R179622), checked September 26, 2026
Licence in Singapore
Monetary Authority of Singapore (MAS) (PS20200541), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does it cost to keep an Airwallex account?+

The business account carries a monthly fee of £0. Converting money costs 0.5%, which is the main charge to watch, and card spending earns cashback of 2%. The yield balance takes a minimum deposit of HKD 0.

Is my money protected?+

Deposit protection is FSCS up to GBP 85,000. The group also appears on the registers of the Monetary Authority of Singapore and De Nederlandsche Bank, and the legal entity named in the records is Airwallex (Singapore) Pte. Ltd..

How much do I earn on money left in the account?+

Idle balances placed in the yield account earn 2.18% to 3.83% on a variable basis, so the figure can move rather than staying fixed. The account is easy access and takes a minimum deposit of HKD 0, so small sums can be added from the start.

Can I get at my money quickly?+

The yield balance has no lock-up, so funds are not trapped for a set term. Money does move to and from the yield balance within a short settlement window, which matters if you need to pay a supplier on the same day. Keeping working money in the main account avoids that wait.

What card comes with the account?+

The account comes with a debit card on the visa network. The listed features are multi currency, virtual card and travel, so virtual cards are available alongside the physical one for online subscriptions and travel abroad.

How many currencies can I hold?+

The account supports 20 currencies held in a single balance, so taking payments in a foreign currency does not force a conversion on each transaction. Each currency keeps its own balance within the same account.

Who is the account built for?+

Airwallex is set up for business users, so the terms and cards are aimed at companies rather than personal accounts. The group is based in Singapore and was founded in 2015, with licences held in Singapore and the Netherlands.

How does the yield compare with savings rates?+

The rate sits against a site median of 3% for headline rates and 2.75% within debit accounts. Because the rate is variable and the balance is easy access, treat it as working cash rather than a fixed term deposit.

How do I get help if something goes wrong?+

Support runs on help centre, phone and chat, so you can reach the team by phone or chat, or work through the help centre in your own time. For a business account, keeping the phone option to hand is the quickest route when a payment is stuck.

Sources

Compiled from 11 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Free ATM withdrawals, Protection.

Airwallex

Airwallex

Multi-currency businesses that want a card, a low monthly charge and a yield balance in one account.

9.0/10Visit