Airwallex vs Equals Money
On cashback Airwallex wins (up to 1.5%); for spending abroad FX markup matters, and Airwallex does better (0.5% vs 1.5%). The choice depends on your real spending profile: redo the math with your volumes before picking between Airwallex and Equals Money.
| Airwallex | Equals Money | |
|---|---|---|
| Tier | A | A |
| Rating | ★ 4.3 | ★ 4.3 |
| Estimated net annual cost | €0 | — |
| Account fee | Free | €29 |
| IBAN | dedicato | dedicato · GB |
| Multi-currency | Yes · 23 currencies | Yes · 35 currencies |
| Outbound transfers to third-party IBANs | No | No |
| Utility direct billing | No | No |
| SEPA direct debit (SDD) | No | No |
| On-chain crypto withdrawal | No | No |
| SEPA transfer | Free | — |
| Interest on balance | 3.45% | — |
| ATM withdrawal | not declared | not declared |
| Fund custody | Custodial (platform holds funds) | Custodial (platform holds funds) |
| KYC | Full | Full |
| Supported countries | EEA, UK, US, APAC, LATAM · 130+ countries | EEA, UK · 150+ countries |
| Regulator | ASIC / AUSTRAC | FCA |
| Segment | B2B | B2B |
| OAM Italy registration | — | No |
| Regions | EU/EEA, UK, US, APAC, LATAM | EU/EEA, UK |
| Licences & safety | Payment Institution | EMI |
Frequently asked questions
Airwallex vs Equals Money: which is better?
On cashback Airwallex wins (up to 1.5%); for spending abroad FX markup matters, and Airwallex does better (0.5% vs 1.5%). The choice depends on your real spending profile: redo the math with your volumes before picking between Airwallex and Equals Money.
Which is cheaper, Airwallex or Equals Money?
On the standard spending profile Airwallex has the lowest net annual cost: €0 versus — for Equals Money.
Which offers more cashback, Airwallex or Equals Money?
Airwallex has the highest cashback: up to 1.5%. Note the top rate often requires token staking and is subject to spending caps.
Is Airwallex custodial or self-custody?
Airwallex is custodial: funds are held by the platform, while Equals Money is custodial.
Which is better for spending abroad?
For foreign-currency spending Airwallex wins, with the lowest FX markup: 0.5%.