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Airwallex review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Airwallex suits businesses that hold and spend across several currencies, pairing a £0 monthly fee with 20 currencies, virtual cards and support by phone. The trade-off sits in conversion, where fees run 0.5%, a step above the cheapest rate on a comparison of 259 brands.

Key facts

Best for
Businesses holding several currencies and paying suppliers or staff abroad.
Monthly fee
£0 (Source, checked September 26, 2026)
Currency conversion fee
0.5% (Source, checked September 26, 2026)
Card type
Debit (Source, checked September 26, 2026)
Cashback rate
2% (Source, checked September 26, 2026)
Card network
Visa (Source, checked September 26, 2026)
Currencies
20 (Source, checked September 26, 2026)
Legal entity
Airwallex (Singapore) Pte. Ltd. (Source, checked September 26, 2026)
Headquarters
Singapore (Source, checked September 26, 2026)
Founded
2015 (Source, checked September 26, 2026)
Support channels
Help-centre, Phone, Chat (Source, checked September 26, 2026)
Features
Multi-currency, Virtual card, Travel
Audience
Business
Official website
airwallex.com

Credit cards

Currency conversion fee
0.5% (Source, checked September 26, 2026)
Legal entity
Airwallex (Singapore) Pte. Ltd. (Source, checked September 26, 2026)
Headquarters
Singapore (Source, checked September 26, 2026)
Founded
2015 (Source, checked September 26, 2026)
Support channels
Help-centre, Phone, Chat (Source, checked September 26, 2026)
Features
Multi-currency, Virtual card, Travel
Audience
Business

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataWikipediaLinkedInXTrustpilot

Pros and cons

Pros

  • A monthly fee of £0 and a rank of 1 on 419 brands for this measure
  • Accounts cover 20 currencies, so several balances can sit side by side
  • Virtual cards and travel use are listed features, so staff spend and trips stay in the same place
  • Support runs through help centre, phone and chat, including phone and chat

Cons

  • Conversion fees run 0.5%, so converting larger amounts costs more than at the cheapest rivals
  • Cashback of 2% is small next to that conversion cost on cross-currency spend
  • The account is aimed at business, so personal everyday spending sits outside its remit
Airwallex

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Who it suits

  • Businesses paying suppliers or contractors in other currencies
  • Companies with staff travelling for work
  • Startups keeping several currency balances side by side

Who should look elsewhere

  • Single-currency spenders, who would get more from Wise
  • Travellers wanting fee-free conversion, since fees run 0.5% here against 0.1% at Wise
  • Households after a personal everyday card, where Varo Believe Secured Credit Card or Chime Card (Secured Visa Credit Card) fit better

Who runs it

Airwallex is run by Airwallex (Singapore) Pte. Ltd., whose headquarters sit in Singapore, and the company was founded in 2015. It holds a De Nederlandsche Bank licence, numbered R179622, and a Monetary Authority of Singapore licence, numbered PS20200541. Support runs through help centre, phone and chat, so help comes by phone, chat or the help centre.

How Airwallex compares

Where Airwallex is available

Available
Australia, Canada, China, France, Germany, Hong Kong, Israel, Japan, Malaysia, Netherlands, New Zealand, Singapore, South Korea, Spain, United Kingdom, United States, Vietnam
Licence in Netherlands
De Nederlandsche Bank (DNB) (R179622), checked September 26, 2026
Licence in Singapore
Monetary Authority of Singapore (MAS) (PS20200541), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does it cost to hold an Airwallex account?+

The monthly fee is £0, so keeping the account open adds no recurring cost, and Airwallex ranks 1 of 419 brands on this measure. Conversion is the charge that follows, and it is listed separately.

What is the currency conversion fee on Airwallex?+

Conversion fees run 0.5%, which sits above the cheapest conversion available, and Airwallex ranks 115 of 259 brands on this measure. Converting only when the trade rate is worth the fee keeps that cost under control.

How many currencies can an Airwallex account hold?+

Accounts cover 20 currencies, so a business can keep balances in several markets at the same time. Multi-currency sits in the listed features, and spending in a currency already held removes the need to convert.

Who regulates Airwallex and which licences does it hold?+

Airwallex holds a De Nederlandsche Bank licence, R179622, and a Monetary Authority of Singapore licence, PS20200541. The entity behind the accounts is Airwallex (Singapore) Pte. Ltd., with its headquarters in Singapore, and the company was founded in 2015.

Does Airwallex pay cashback on card spending?+

Cashback of 2% applies to spending on the card. On cross-currency purchases that return is small next to a conversion fee of 0.5%, so it matters most when the spend already sits in the account currency.

Can I get a virtual card from Airwallex?+

The listed features run multi currency, virtual card and travel, so a virtual card can be issued alongside the physical card. Teams often create a separate card per project or per subscription, which spreads online spend instead of concentrating it.

What kind of card does Airwallex issue and how do I reach support?+

The card is a debit card on the visa network, so it is accepted wherever that network is used. Support runs through help centre, phone and chat, which gives phone, chat and a help centre for most questions.

Who is the Airwallex account built for?+

The account is aimed at business, according to the listed audience, so paying suppliers, contractors and staff fits its design. The listed features of multi-currency and virtual cards point the same way, with a £0 monthly fee and cashback of 2% on spend.

Sources

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Free ATM withdrawals, Protection.

Airwallex

Airwallex

Businesses holding several currencies and paying suppliers or staff abroad.

9.0/10Visit