Airwallex
Airwallex
A payments platform offering FX at +0.5% above interbank (major currencies; +1% on others), identical across all plans, yield on AUD/USD balances, solid APIs and onboarding in about 20 minutes. Worth noting are the 0.3% inbound receiving fee on third-party transfers and the AUSTRAC audit scheduled for 2026.
Data & conditions
| Account fee | Free |
|---|---|
| IBAN | dedicato |
| Multi-currency | Yes · 23 currencies |
| Outbound transfers to third-party IBANs | No |
| Utility direct billing | No |
| SEPA direct debit (SDD) | No |
| On-chain crypto withdrawal | No |
| SEPA transfer | Free |
| Interest on balance | 3.45% |
| ATM withdrawal | not declared |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA, UK, US, APAC, LATAM · 130+ countries |
| Regulator | ASIC / AUSTRAC |
| Segment | B2B |
| MiCA / License status | Payment Institution AUSTRAC (AU) · FCA (UK) · FINTRAC |
Plans & pricing
Explore
- Price
- Free
- Issuance fee
- Free
- FX markup
- 0.5%
- Cashback
- 1.5%
- Cashback currency
- USD (cashback carta US)
- Required staking
- Nessuno
- Net annual cost
- Free
- €0/mo (or €19/mo, waived with €10k monthly deposit/balance)
- 23 currencies · free local rails
- FX +0.5% major currencies / +1% others
- No minimum balance
Grow
- Price
- €49
- Issuance fee
- Free
- FX markup
- 0.5%
- Cashback
- 1.5%
- Cashback currency
- USD (cashback carta US)
- Required staking
- Nessuno
- Net annual cost
- €588
- Expense management
- More user seats
- Faster card issuance
- Same FX as other plans (+0.5%/+1%)
Accelerate
- Price
- €999
- Issuance fee
- Free
- FX markup
- 0.5%
- Cashback
- 1.5%
- Cashback currency
- USD (cashback carta US)
- Required staking
- Nessuno
- Net annual cost
- €11,988
- From €999/month
- Advanced approval workflows and dedicated support
- Same FX as other plans (+0.5%/+1%)
Strengths
- FX +0.5% interbank (major); Yield AUD/USD; excellent APIs; onboarding in 20 minutes.
- No notable sovereignty advantage documented.
Weaknesses
- Inbound receiving fee 0,3% on transfers from account third-party; audit AUSTRAC 2026.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (AUSTRAC (AU) · FCA (UK) · FINTRAC): reporting to authorities and freezes on order.
Verdict
Dual ASIC/AUSTRAC supervision in Australia, alongside FCA oversight in the UK, gives Airwallex stronger regulatory footing than the average offshore EMI and justifies its high rating. Two caveats weigh on protection: funds sit in safeguarding rather than under a deposit-guarantee scheme, and an AUSTRAC audit is expected in 2026 worth watching.
On the crypto-native axis Airwallex offers little: full KYC, a fully custodial account, and 130-country coverage that serves payment logistics more than control of funds. Its geographic reach and 0.2% FX cut friction, but there is no lever on privacy or self-custody.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is Airwallex a real bank?
Airwallex operates under a Payment Institution licence (AU + HK + EU + UK + US). The deposit-protection scheme is not documented for this service; check the official terms.
Can I send transfers to third-party IBANs with Airwallex?
The ability to send transfers to third-party IBANs is not documented; check the official website.
Does Airwallex support direct debits and utility billing?
SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.
Which fiat currencies does Airwallex support?
Airwallex supports 23 fiat currencies. Multi-currency accounts: supported.
Can I withdraw crypto on-chain from Airwallex?
On-chain crypto withdrawal is not documented; check the official website.
Sources
- Official service page Plans & pricing · Regulatory framework · Issuer · SEPA fee · +1 Data verified on Jul 11, 2026
- austrac.gov.au Past incidents Data verified on Jun 15, 2026
- forgeglobal.com Stock ticker · Stock listing · IPO date Data verified on Jun 15, 2026
- help.airwallex.com Trust & safety · IBAN countries · On-chain crypto withdrawals Data verified on Jun 15, 2026
Show 2 more sources
- billiondollarpitchdecks.com Company profile Data verified on Jun 14, 2026
- trustpilot.com Trust & safety Data verified on Jun 14, 2026