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Airwallex review

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

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Our verdict

Airwallex suits companies that pay suppliers and staff in several currencies, with a monthly charge of £0 and a 2% cashback rate on card spending. The trade-off is currency conversion, where 0.5% sits above the 0% of Monzo Flex and the 0.1% of Wise.

Key facts

Best for
Businesses paying suppliers and staff in foreign currencies from a multi-currency account.
Monthly fee
£0↗
Currency conversion fee
0.5%↗
Card type
Debit↗
Cashback rate
2%↗
Card network
Visa↗
Currencies
20↗
Legal entity
Airwallex (Singapore) Pte. Ltd.↗
Headquarters
Singapore↗
Founded
2015↗
Support channels
Help-centre, Phone, Chat↗
Features
Multi-currency, Virtual card, Travel
Audience
Business
Official website
airwallex.com

Facts checked September 26, 2026, 7 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataWikipediaLinkedInXTrustpilot

Pros and cons

Pros

  • The monthly charge is £0, so keeping the card in use adds no standing cost
  • Cashback of 2% on business card spending
  • The account covers 20 currencies, with multi-currency, virtual card and travel features listed
  • A Visa debit card that slots into existing business payment flows

Cons

  • Currency conversion is the weak point: 0.5% against 0% at Monzo Flex and 0.1% at Wise
  • The card is built for business customers, so personal banking shoppers get little that fits them
  • The rank on currency conversion is 106 of 237, behind the cards that convert cheapest
Airwallex

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Who it suits

  • Companies that pay suppliers and staff in several currencies from a shared balance
  • Business teams that want a virtual card for online spend alongside a debit card
  • Firms attracted by a 2% cashback rate on everyday card purchases

Who should look elsewhere

  • Businesses that convert currency often, since 0.5% is above 0% at Monzo Flex and 0.1% at Wise
  • Anyone looking for holiday spending conversions, where Monzo Flex lists 0%
  • Shoppers choosing on the standing cost alone, since Bitpanda also lists a monthly fee of €0

Where it sits among rivals

Airwallex ranks at 1 of 379 on the monthly fee, so holding the card sits at the cheap end of the cards compared. On currency conversion the position flips: the rank is 106 of 237, which makes it a weaker pick for anyone who changes money often.

Who runs it

The account is run by Airwallex (Singapore) Pte. Ltd., based in Singapore and founded in 2015. It is licensed by the Monetary Authority of Singapore, PS20200541, and by De Nederlandsche Bank in the Netherlands, R179622. Support runs through help centre, phone and chat, which matters for a company card that staff use away from the office.

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 the Airwallex card cost each month?+

The monthly charge is £0, so there is no standing fee to keep the card in use. The cost that matters is currency conversion, where Airwallex charges 0.5%. Businesses that mostly hold and spend in a single currency pay nothing extra, while frequent converters feel the difference.

Does the card pay cashback?+

Yes. Airwallex sets a cashback rate of 2% on card spending, and the figure is aimed at business customers rather than personal accounts. Because the reward sits on the company card, the saving accrues to the business balance that funds supplier and staff payments.

Who can open an Airwallex account?+

Airwallex serves business customers, so the account is built for companies rather than individuals. That shapes the product: multi-currency balances, a virtual card and travel features sit alongside the debit card, all aimed at paying suppliers and staff abroad.

How many currencies can I hold?+

The account covers 20 currencies, with multi-currency balances listed among the features. Holding several currencies together reduces the need to convert before paying a supplier, though each conversion still runs at 0.5% for the business.

Is Airwallex regulated?+

Yes. The Monetary Authority of Singapore licence is PS20200541, and the Dutch licence from De Nederlandsche Bank is R179622. The entity behind the account is Airwallex (Singapore) Pte. Ltd., based in Singapore, a company founded in 2015.

What kind of card does Airwallex issue?+

It is a debit card on the Visa network, and a virtual card is listed among the features, so a company can issue card details for online subscriptions and staff expenses without posting plastic. Travel features sit alongside it for trips paid from the business balance.

How do I get help from Airwallex?+

Support runs through help centre, phone and chat. A help centre, phone line and live chat cover most questions, and the same channels handle card issues during travel. A support line and chat are useful for a company card, where a blocked payment can stop a supplier invoice.

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 paying suppliers and staff in foreign currencies from a multi-currency account.

9.0/10Visit