Airwallex international money transfers

Must knows about transferring money with Airwallex

When sending or receiving money overseas with Airwallex, there are a few details to keep in mind:

• Exchange rates and fees: Airwallex gives its customers a fixed 0.3% or 0.6% rate above the mid-market or interbank exchange rate (the rate you see on Google). The fee you get depends on the currency you’re trading in. There are no international payment fees within its network, but any payments made using a SWIFT code will incur a $10 to $30 fee. 

• Transfer limits: There are no stated minimum and maximum limits. 

• Transfer speed: Airwallex says your international money transfer should take as little as one business day. But depending on the currency, the transfer can take up to five days.

Airwallex Products and Services

The world of IMT can be tricky, but thankfully Airwallex offers a range of nifty features to aid you in your money transfer journey.

Global accounts

Do you deal with multiple currencies at once? Airwallex is here to help. You can open multiple currency accounts without visiting a bank. Not only can you trade in any currency of your choice, but you can receive payments in different foreign currencies. Having accounts in multiple currencies can help you to skip conversion fees. 

Accounting system integration

Airwallex allows customers with business accounts to link their Xero account software. That way you can sync global expenses and see who made a transaction, and where. 

Borderless card 

Airwallex’s borderless card gives you the option to have a multi-currency digital card in seconds. This virtual card is compatible with Apple and Google Pay. It also allows you to create a corporate card with flexible limits and real-time visibility of global transactions. It comes with a 0% international transaction fee and lets you pay with the currencies you have at your disposal. 

Why use Airwallex for IMT?

When it comes to choosing a money transfer provider, you might find yourself overwhelmed with all the choices. But here are some reasons why Airwallex is worth considering:

• More competitive rates than big banks.

• Transparency around fees.

• No transfer limits.

• No paperwork. All transactions can be done exclusively online. 

• Fully licensed and regulated by ASIC, just like the banks. Multi-factor authentication to keep your account extra secure.

Just be aware:

• All transactions have up to a 0.60% fee above the mid-market rate.

• There is no mobile app to download.

• Transfers are paid through banks. Card payments are not supported. 

• Airwallex has no branches for face-to-face transactions or customer service. 

• Exchange rates on Airwallex are subject to change until you fully lock in your transaction. 

• Airwallex is ideal for international business money transfers, not personal ones.

How to transfer money with Airwallex

Signing up to Airwallex is free and done through its website. Here’s how:

1. Signup for an account and verify your business.

2. Transfer money to your account to fund the transfer.

3. Enter the recipient's banking information and create them as a new contact.

4. Decide how much money you’ll be sending.

5. Hit send!