Discover the top alternatives to Airwallex for global business payments and multi-currency account management
Key takeaways
- Airwallex offers a multi-currency account supporting 20 currencies, with monthly fees starting at AU$29 per month and payment fees up to AU$30
- Airwallex alternatives in Australia include WorldFirst, Wise Business, Payoneer and OFX
- WorldFirst’s World Account is a multi-currency account that lets you receive payments in 20+ currencies and offers competitive exchange rates for international payments
- Wise Business charges a one-time fee of AU$65 for multi-currency account that supports 23 currencies
- Payoneer supports 9+ currencies with its multi-currency account
- OFX allows businesses to manage funds in 30 currencies but only provides local account details for five
Airwallex is a digital payments platform that allows businesses to send and receive international payments, hold funds in multiple currencies and manage global financial operations with core APIs.
With its multi-currency account, you can access local currency account bank details for 20 currencies, including USD, GBP, EUR, AUD, CNY, HKD and CAD. You can also send payments in 60 currencies across 150 countries.1
The monthly fee for an Airwallex account starts at AU$29 (the fee is waived if you deposit at least AU$5k every month or hold a minimum balance of AU$10k in your account). Payment fees can be up to AU$30, depending on the currency and payment method.
In this article, we take a look at the top Airwallex alternatives so you can choose the best foreign currency account for your business.
1. WorldFirst
WorldFirst is an international payments provider that provides a multi-currency account, the World Account, which lets businesses receive, hold, convert and send funds in 20+ currencies, including USD, GBP, EUR, AUD and CNH, with no setup or ongoing account fees.
Businesses can receive marketplace and customer payments, pay overseas suppliers, or transfer funds between their World Account and existing bank account. World Account holders also get access to the World Card, which is a Mastercard multi-currency debit card that supports payments in 150+ currencies. When you pay in the 15 supported currencies, there are zero foreign exchange fees.
If you’re still unsure about WorldFirst vs Airwallex, check out our detailed comparison between the two.
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*Fees checked in August 2026
2. Wise
Wise is an international payment provider that lets you send and receive in 40+ currencies.2 Previously known as TransferWise, it offers separate accounts for individuals and businesses.
Wise Business is a multi-currency account that supports 23 currencies. For a one-time fee of AU$65, you get local bank account details for each of these, allowing you to send, receive and hold funds in multiple currencies.2 Receiving local payments is free, except for USD wire and CAD SWIFT payments. The fees for sending payments vary by currency.
Wise also offers a business card that lets businesses and their teams make online and in-store payments in 40+ currencies across 160+ countries.19 Businesses can issue cards to team members, set spending limits, approve payments and receive instant spending notifications.19 Virtual cards are also available, with card details generated instantly for online payments and support for Apple Pay and Google Pay.19 The card is linked to the Wise Business account, allowing businesses to manage team spending and monitor transactions from one platform.19
Take a look at our detailed Wise Business account review and how it compares to WorldFirst in our head-to-head WorldFirst vs Wise comparison.
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*Fees checked in August 2026
3. Payoneer
Payoneer is a global payment platform that aims to make it easier for businesses to send international payments and collect payments from customers. Its multi-currency account supports 9+ currencies, including USD, JPY, EUR, AUD, HKD, and SGD.4 The charges for receiving payments from non-Payoneer customers can be up to 3.99%, with fees varying by region.5
There’s also an account maintenance fee if your Payoneer account is dormant for 12 months or more.
→ Take a look at our detailed Payoneer review
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*Fees checked in August 2026
4. OFX
OFX is an international money transfer provider that allows businesses to send, receive and convert funds in 30+ currencies.8 It offers both business and global currency accounts, each with distinct features.8 While OFX provides a multi-currency account like the other Airwallex alternatives, local bank details are only available for five out of its 30 supported currencies.8
The account also comes with an OFX Corporate Card, which is designed for businesses to manage employee and company spending.10 Businesses can issue physical and virtual cards and set individual spending limits, budgets and approval rules.10 Cards can be used in 30+ currencies, with card transactions having zero FX fee using available account balances.10 Virtual cards can be issued quickly and used for recurring expenses such as subscriptions and advertising.10 The cards support Apple Pay and Google Pay.10
OFX has a minimum transfer amount of AU$250 in major currencies.9 Transfers below AU$10,000 incur a AU$15 fee (or the equivalent in the foreign currency).9 The minimum transfer helps avoid situations where intermediary or receiving banks deduct fees from smaller payments.9
→ Take a look at our in-depth OFX Global Business account
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*Fees checked in August 2026
5. Revolut Business
Revolut Business is a business account that combines multi-currency accounts, international transfers, corporate cards and payment acceptance tools.15 Australian businesses can hold and exchange 30+ currencies, while cards can be used in 150+ currencies.15 Local account details are available for AUD, while other currencies may use international account details depending on availability.15
Revolut’s Standard account has no monthly subscription fee.16 Australian bank transfers and transfers between Revolut users are also without fee, while international transfers may incur fees depending on the currency and destination.16 Revolut Business also provides physical and virtual corporate cards, allowing businesses to manage team spending with controls for transaction limits, merchant categories, currencies and spending periods.17 Cards can be used in 150+ currencies.17
→Take a look at our complete Revolut Business review
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*Fees checked in August 2026
Choose the right Airwallex alternative for your business
The multi-currency account you choose can depend on your business’s specific requirements.
- What currencies do you usually make transactions in?
- How many local currency accounts will you need for receiving payments?
- Do you need a payment provider that integrates with major online marketplaces?
- How important is the cost of international transfers to your business?
To help you make the right decision, check out a detailed fee comparison of all the Airwallex alternatives.
| Airwallex1 | Wise2 | WorldFirst | Payoneer4 | OFX12 | Revolut16 | |
| Monthly fee | Monthly fee: AU$29 (waived if you deposit at least AU$5k per month or hold a minimum balance of AU$10k) | Zero | Zero | Zero | Zero for up to 3 users and AU$15 per user per | AU$0 |
| Fee for opening local currency accounts | Zero (20 currencies) | AU$65 (23 currencies) | Zero (20+ currencies) | Zero (9+ currencies) | Zero (30+ currencies, but local bank account details available for only 5) | Not specified |
| Account maintenance fee | None | None | None | US$29.95 (Fee is charged if 12 months pass and you have received less than US$2,000 or equivalent in payments) | None | Not specified |
| Receiving funds | Direct debit funds are at no cost
Payments using local payment methods are charged a minimum AU$0.30 fee** |
Zero for AUD, CAD, EUR, GBP, HUF, NZD, RON, SGD, TRY and USD (non-wire)
USD wire payments cost US$6.11 and CAD SWIFT payments cost CAD 10 |
Zero |
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Zero for domestic payments and AU$5 for international payments | Not specified |
| Holding funds in multiple currencies | Zero | Zero | Zero | Zero | Zero | Not specified |
| Sending payments to users in the same network | Instant (a fee applies) | Zero and instant | Zero and instant | Zero | Same rates apply as standard transactions | Zero |
| Sending payments to other accounts | Local payment methods: AU$0.30 + payment method fee
(The fee varies for every transaction based on the currency and mode of payment) |
From 0.65%
(fee varies by currency) |
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Up to 3% of transaction amount (a minimum fee may apply) | Up to AU$10 | AUD transfers: AU$0; other transfers: fee varies |
*Fees as checked in August 2026
FAQs
1. Do Airwallex alternatives offer business cards?
Yes. Several Airwallex alternatives provide business cards. WorldFirst offers the World Card, while Wise Business, Payoneer, OFX and Revolut Business also provide business card options.10,17,19,20 Features vary between providers, including supported currencies, virtual or physical cards, spending controls and foreign transaction fees.
2. What should a business compare when choosing an Airwallex alternative?
Businesses can compare the currencies supported, local receiving account details, international transfer fees, monthly charges, card availability and marketplace integrations. It is also important to check whether specific currencies and payment features are available in Australia, as providers can have different regional restrictions.
3. How many currencies can businesses hold with Airwallex alternatives?
The number of supported currencies varies between providers. Airwallex supports 20 currencies, WorldFirst supports 20+ currencies, Wise Business supports 23 currencies, Payoneer supports 9+ currencies and OFX supports 30+ currencies.1,2,5,8 Revolut Business also supports 30+ currencies for Australian businesses, although availability can vary by account and currency.15
4. Is OFX cheaper than Airwallex for a multi-currency account?
OFX has Zero monthly fees for up to three users, while Airwallex starts at AU$29 per month, although Airwallex can waive this fee when certain deposit or balance conditions are met.1,12 OFX also charges receiving fees depending on the payment type, so businesses can compare transaction costs rather than monthly fees alone.1,12
5. Is a multi-currency account better than having separate foreign currency bank accounts?
A multi-currency account can combine balances in different currencies within one platform, rather than requiring separate accounts for each currency. The options compared also provide international payment features alongside currency holding. But, businesses can consider local account details, supported currencies, receiving fees and transfer costs before choosing an account.
6. Can businesses hold foreign currencies with Airwallex alternatives?
Yes. The alternatives in this comparison allow businesses to hold funds in multiple currencies. WorldFirst supports 20+ currencies, Wise Business supports 23, Payoneer supports 9+, OFX supports 30+ and Revolut Business supports 30 currencies.2,5,8,15 This allows businesses to retain foreign currency balances instead of converting every incoming payment immediately.
7. Can businesses use an Airwallex alternative to receive marketplace payments?
Yes. Several providers support marketplace collections. WorldFirst allows businesses to collect payments from 130+ marketplaces and payment gateways, while Payoneer offers local receiving accounts and Payoneer Checkout.5,11,14 OFX also supports marketplace collections through its Global Currency Account, although its local account details cover only five currencies.11
Sources
- https://www.airwallex.com/au/pricing
- https://wise.com/au/pricing/business
- https://au.trustpilot.com/review/wise.com?page=2
- https://www.payoneer.com/about/pricing/
- https://www.payoneer.com/multi-currency-account/
- https://au.trustpilot.com/review/www.payoneer.com?page=3
- https://www.payoneer.com/commercial-card/
- https://www.ofx.com/en-au/business/business-account/
- https://www.ofx.com/en-au/faqs/what-is-the-minimum-transfer-amount/
- https://www.ofx.com/en-au/business/corporate-cards/
- https://www.ofx.com/en-au/business/global-currency-account/
- https://www.ofx.com/en-au/business/pricing/
- https://www.trustpilot.com/review/ofx.com/location/australia
- https://www.payoneer.com/checkout/
- https://www.revolut.com/en-AU/business/
- https://www.revolut.com/en-AU/legal/standard-fees/
- https://www.revolut.com/en-AU/business/cards/
- https://www.trustpilot.com/review/www.revolut.com
- https://wise.com/au/business/card
Disclaimer: The information contained is general only and largely our views. Before acting on the information you should consider whether it is appropriate for you, in light of your objectives, financial situation or needs. Although information has been obtained from and is based upon multiple sources the author believes to be reliable, we do not guarantee its accuracy and it may be incomplete or condensed. All opinions, estimates, mentioned products/services and referenced material constitute the author’s own judgement as of the date of the briefing and are subject to change without notice. WorldFirst shall not be responsible for any losses or damages arising from your reliance of such information.
