Airwallex review

Airwallex is a multi-currency business account that covers much of the FX and cross-border payment work a small treasury function handles. Companies can open local currency accounts to receive funds in 20+ currencies, send transfers to 200+ countries in 60+ currencies, and convert at interbank rates, with scheduled conversions to lock in rates. Balances across entities and accounts appear in one view, and dedicated accounts separate operating cash, reserves and yield funds. Domestic USD transfers are free, while SWIFT transfers cost $15 to $25 each. The Explore plan is $0 per user per month; Grow is $12 per user per month plus a platform fee and lists yield on USD balances. Transactions sync with Xero and QuickBooks. Airwallex holds the money itself, so it does not aggregate balances from other banks or produce bank files for a corporate ERP. It suits companies whose main treasury problem is currency, not bank count.

Who it is for

Companies managing cash in several currencies

Price

Explore plan $0 per user per month; Grow $12 per user per month plus a platform fee.

For growing businesses to manage funds and spend with precision $12 per user/month
Quoted from the vendor pricing page on November 12, 2026.

Key features

• Local currency accounts to receive funds in 20+ currencies
• Transfers to 200+ countries in 60+ currencies
• Interbank FX rates with scheduled conversions
• Dedicated accounts for operating cash, reserves and yield funds
• Transaction sync with Xero and QuickBooks

Strengths and weaknesses

• Strength: Explore plan costs $0 per user per month
• Strength: One view of balances across entities and accounts
• Strength: Vendor says 93% of scheduled transfers arrive the same day
• Weakness: SWIFT transfers cost $15 to $25 each
• Weakness: Not a TMS: no connectivity to outside banks
• Weakness: Yield accounts are listed with the paid Grow plan

Key facts

• Receiving currencies: 20+
• Transfer reach: 200+ countries, 60+ currencies
• SWIFT fee: $15 to $25 per transfer
• Domestic USD transfers: Free
• Plans: Explore $0; Grow $12 per user per month

Where it ranks

Airwallex is No. 8 in our Best Treasury Management Software verdict.