Airwallex · Fintech accounts
Airwallex review for Canadian businesses
Airwallex gives Canadian businesses a multi-currency account with balances in more than 20 currencies. Conversions on major currencies cost 0.5% above the interbank rate, and the Explore plan is free.
Who Airwallex is best for
Businesses paid in several currencies, companies paying overseas suppliers and contractors and teams wanting one platform for accounts and cards.
Businesses that need hedging tools and sole proprietors.
Airwallex gives Canadian businesses a multi-currency account with balances in more than 20 currencies. Conversions on major currencies cost 0.5% above the interbank rate, and the Explore plan is free.
It’s built for companies that collect and pay in several currencies and want payouts, cards and expense tools in one place. It’s open to incorporated businesses registered in Canada, with no minimum balance.
Fees, features and eligibility
| FX margin | 0.5% above the interbank rate for major currencies |
|---|---|
| Fees | CA$0 on the Explore plan |
| Provider type | Fintech account |
| Currencies | 20+ currencies |
| Who can use it | Incorporated businesses registered in Canada; no minimum balance |
Source: Airwallex published product information.
What stands out
Pros
- 0.5% above interbank on major currencies
- Free Explore plan
- 20+ currency balances
Cons
- Incorporated businesses only
Airwallex: common questions
What does Airwallex charge to convert currencies?
0.5% above the interbank rate for major currencies.
Is Airwallex free in Canada?
The Explore plan is CA$0.
Who can open an Airwallex account in Canada?
Incorporated businesses registered in Canada, with no minimum balance.
Used Airwallex? Help other businesses choose.
