Updated September 28, 2026 · SumCue Editorial Team
Airwallex vs Nexo
Airwallex
Higher score in this comparison
Nexo
Airwallex vs Nexo: the differences
| Compare | AirwallexReviewVisitVisit | NexoReviewVisitVisit |
|---|---|---|
| Monthly fee | £0 | €0 |
| Currency conversion fee | 0.5% | 0.2% to 2.5%Lower |
| Cashback rate | 2% | 0.1% to 2% |
| Card network | Visa | Mastercard |
| Currencies | 20 | 100Higher |
| Free ATM withdrawals | Not confirmed | €200 to €2,000 |
| Custody | Not confirmed | Custodial |
Same on both: Card type (Debit).
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Key differences
- Airwallex scores higher overall: 9.0 vs 8.9.
- Founded is lower at Airwallex: 2015 vs 2018.
- Nexo is licensed in 4 more countries.
- Nexo is available in 19 more countries.
- Currency conversion fee is lower at Nexo: 0.2% to 2.5% vs 0.5%.
- Currencies is higher at Nexo: 100 vs 20.
- Support channels: only Airwallex offers Phone.
- Support channels: only Nexo offers Email.
- Features: only Nexo offers Crypto, Custodial.
Our verdict on each
Airwallex
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.
Nexo
Nexo suits businesses and crypto users who want a multi-currency card, with monthly and annual card fees of €0 and €0. The trade-off is tier-based cashback, foreign exchange costs, and custodial holding of supported crypto.
Score breakdown
| Area | Airwallex | Nexo |
|---|---|---|
| Cost | 9.2A monthly fee of £0 leads the field, but the conversion fee of 0.5% sits well above Wise. | 9.2Monthly and annual card fees are €0 and €0, while foreign exchange costs are 0.2% to 2.5%. |
| Offer | 9.4HigherCovers 20 currencies with a yield rate of 2.18% to 3.83% and help centre, phone and chat support. | 9.2The card supports crypto cashback, multi-currency use, virtual cards, travel, Apple Pay and Google Pay. |
| Trust | 8.5Higher | 8.3 |
Where they rank in our lists
| Ranking | Airwallex | Nexo |
|---|---|---|
| Credit and debit cards | 6 of 1594 | 10 of 1594 |
| Debit cards | 4 of 826 | 8 of 826 |
Also worth a look
Kraken has currencies at 600, against 20 for Airwallex and 100 for Nexo.
Kraken reviewEvery fact side by side
| Fact | Airwallex | Nexo |
|---|---|---|
| Features | Multi currency, Virtual card, Travel | Multi currency, Crypto, Virtual card, Custodial, TravelCovers more |
| Audience | Business | Business |
| Legal entity | Airwallex (Singapore) Pte. Ltd. | DiPocket UAB |
| Headquarters | Singapore | Not confirmed |
| Founded | 2015Lower | 2018 |
| Support channels | Help centre, Phone, Chat | Chat, Email, Help centre |
Savings
| Fact | Airwallex | Nexo |
|---|---|---|
| Headline rate | 2.18% to 3.83% | Not confirmed |
| Rate type | Variable | Not confirmed |
| Minimum deposit | HK$0 | Not confirmed |
| Deposit protection | FSCS up to GBP 85,000 | Not confirmed |
| Pricing model | Not confirmed | No annual fee |
| Access terms | Airwallex Yield: no lock-up, no minimum balance, daily returns, funds settle to and from Yield balances within 2 business days | Not confirmed |
| Account kind | Easy access | Not confirmed |
Credit cards
| Fact | Airwallex | Nexo |
|---|---|---|
| Annual fee | Not confirmed | €0 |
| APR | Not confirmed | from 1.9% |
| Rewards type | Not confirmed | Cashback |
| Rewards rate | Not confirmed | Up to 2% crypto cashback in NEXO Tokens, or 0.5% in BTC at Platinum tier, on purchases in Credit Mode |
| Perks | Not confirmed | Free ATM withdrawals up to EUR 2,000 / GBP 1,800 per month at Platinum tier, then 2% fee (min EUR/GBP 1.99), Apple Pay and Google Pay supported, Interest earned on unspent funds (Nexo Loyalty Program, up to 13% per year), Accepted at over 100 million merchants globally, Virtual card activated instantly with 50 USD balance; free shipping for physical card above 5,000 USD balance at Gold tier or higher, No monthly, annual or inactivity card fees |
| Cashback rate | Not confirmed | 0.5% to 2% |
| Card kind | Not confirmed | Credit |
Crypto wallets
| Fact | Airwallex | Nexo |
|---|---|---|
| Wallet type | Not confirmed | Mobile |
| Coins supported | Not confirmed | 100 |
Where each stands against the rest
| Fact | Airwallex | Nexo | Median |
|---|---|---|---|
| Currency conversion fee | 0.5%below the median | 0.2% to 2.5%below the median | 1% |
| Free ATM withdrawals | Not confirmed | €200 to €2,000highest quarter | €4 |
| Cashback rate | 2%at the median | 0.1% to 2%at the median | 2% |
| Currencies | 20above the median | 100highest quarter | 8 |
Median across 336 listed providers.
Pros and cons
Airwallex
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.
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.
Nexo
Pros
- No monthly or annual card fees: €0 and €0.
- Crypto cashback is available in NEXO Tokens or BTC at Platinum tier in Credit Mode.
- Multi-currency use, virtual cards, travel, Apple Pay and Google Pay are supported.
Cons
- Foreign exchange costs are 0.2% to 2.5%, which may add to overseas spending.
- Supported crypto is held in custodial custody under custodial.
- Cashback and ATM terms depend on card tiers, so lower tiers receive less favourable benefits.
Who each suits
Airwallex
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.
Nexo
Who it suits
- Businesses seeking a multi-currency card with no monthly or annual card fees.
- Crypto users comfortable with crypto cashback and custodial custody.
- Travellers who want Mastercard, virtual-card, Apple Pay and Google Pay support.
Who should look elsewhere
- bunq may suit readers whose stated foreign exchange fee range is 0.5% to 3%.
- Varo Believe Secured Credit Card may suit readers focused on a card with a stated monthly fee of $0.
- Wise may suit readers looking for a different everyday money platform, with a stated monthly fee of £0.
Country by country
| Country | Airwallex | Nexo |
|---|---|---|
| Argentina | No | Yes |
| Austria | No | Yes |
| Belgium | No | Yes |
| Bulgaria | No | Yes |
| Canada | Yes | No |
| China | Yes | No |
| Croatia | No | Yes |
| Cyprus | No | Yes |
8 of 45 countries where either is available.
Questions about each
Airwallex
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..
Nexo
What are the Nexo card fees?+
Nexo lists a monthly card fee of €0 and an annual card fee of €0. Its published perks also state that there are no monthly, annual or inactivity card fees.
What is the currency conversion fee?+
Foreign exchange fees are 0.2% to 2.5%. The exact amount can therefore vary, so overseas purchases and ATM withdrawals may cost more than transactions made in the card's base currency.
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