Airwallex

Airwallex is a standout choice for businesses that regularly move money across borders and are tired of losing 3-5% on every transaction to traditional banks. The platform's core strength is providing true multi-currency accounts — not just currency conversion, but actual local accounts in multiple currencies that let you receive payments as if you were a local business. For SaaS companies collecting revenue from international customers, e-commerce brands selling globally, or agencies billing overseas clients, this capability alone can save thousands of dollars monthly.

The pricing model is refreshingly transparent. The basic account is free, and you pay only FX margins (typically 0.3-0.6% above mid-market rate) and small transfer fees — dramatically cheaper than the 2-4% banks typically charge. The Business tier adds features like batch payments, borderless expense cards, and accounting integrations for teams that need them. Enterprise pricing includes volume-based FX discounts for high-volume businesses. Compared to alternatives like Wise Business, Airwallex offers deeper functionality for businesses (API embedding, multi-currency accounts) while maintaining competitive rates.

Choose Airwallex if your business has significant international payment flows and you want to reduce FX costs while gaining operational flexibility. It excels for companies paying overseas contractors, receiving payments in multiple currencies, or needing to embed payment processing via API. Skip it if your business operates purely domestically with no international transactions, if you need personal (non-business) banking, or if you're in a country where Airwallex doesn't yet operate. The initial compliance verification process can be lengthy, but once set up, the ongoing experience is smooth and cost-effective.