AIRWALLEX

Opening an Account in the Airwallex Payment System

Cost for the private persons from 0€

Cost for the legal entities from 500€

Opening Term: 3 to 7 business days

Remotely: yes

Airwallex is an innovative fintech platform based in Australia that has rapidly expanded into the global market since its founding in Melbourne in 2015. Today, the company is a leader in international business payments, multi-currency accounts, and next-generation payment infrastructure.

The Airwallex payment system is ideal for:

  • companies engaged in international trade
  • IT companies, freelancers, and digital agencies
  • e-commerce businesses
  • consulting and service companies that work with clients around the world.

Licenses and Regulation.

Airwallex ensures full legal transparency and compliance with financial regulations in key countries:

  • Australia-financial institution license from ASIC
  • United Kingdom-registered as an e-money issuer with the FCA
  • European Union-operates through a company in the Netherlands in accordance with the PSD2 Directive
  • Hong Kong-payment license from the HKMA
  • Singapore-licensed payment institution with the MAS
  • United States - registered as an MSB with FinCEN, operates with trusted partner banks

This structure allows Airwallex to provide legal and secure access to bank accounts for companies in most countries around the world, including Ukraine and the EU.

Why choose Airwallex?

  • Fast and remote account opening
  • Multi-currency business account with local bank details in the U.S., EU, UK, Australia, and more
  • Competitive rates for international transfers and currency exchange
  • Integration with platforms: Shopify, Amazon, Xero, QuickBooks
  • No mandatory minimum balance or monthly fee

Maira Consult’s lawyers assist clients at every stage of opening an account with Airwallex: from the initial analysis of the company to passing the compliance check. We help prepare the documentation, minimize the risk of rejection, and communicate with the payment system’s representatives until the account details are received.

AIRWALLEX advantages

1

Low fees

2

Fast account opening

3

Integration with business platforms

General Information

Types of accounts

Multi-currency business account. Airwallex lets you get local bank account details in multiple currencies, including USD, EUR, GBP, AUD, CAD, SGD, and others. This allows companies to accept payments from customers as if they had an account directly in the counterparty’s country.

Personal visit

Not required. The account opening process at Airwallex is entirely remote.

Service rates

Account opening: free

Monthly maintenance fee: none (in most cases)

Minimum balance: not required

Currency exchange

Conversion fee:

from 0.3% to 0.6% (depending on transaction volume and direction)

Useful information

Airwallex payment system website www.airwallex.com

Stages of account opening

01

Preparation of documents

To open an account with Airwallex, you must provide corporate documents, documents for the director and shareholder, and a detailed description of the company’s business activities.

02

Analysis of documents

We thoroughly review the documents for compliance and identify potential risks for the client in advance.

03

Submission of documents

After the review, we submit the company’s documents to Airwallex for account opening.

04

Passing verification

The client undergoes video verification and provides additional information upon request from the compliance department.

05

Compliance Check

The Airwallex team analyzes the company for risks, including financial, legal, or reputational risks.

06

Account opening

After successfully passing all checks, the company receives account details in the selected currencies and access to the online dashboard.

Answers to the Most Common Questions:

Legal entities from many countries, including Ukraine, EU countries, the UAE, the U.S., the U.K., and others, can open an account. It is important that the company has a transparent structure, engages in genuine business activities, and can verify the source of its funds.
Airwallex is licensed in the UK, the EU, Australia, the US, Singapore, and Hong Kong. The payment system complies with international AML/KYC standards, operates through secure channels, and holds funds in segregated accounts at reputable banks.
No. The payment system only opens corporate accounts. To open a personal account with a payment system, please contact the specialists at Maira Consult. We will select the bank or payment system that best suits your needs.
Airwallex works with companies registered in the United Kingdom, Hong Kong, European Union countries, Australia, Singapore, and other supported jurisdictions. The presence of Ukrainian directors or beneficial owners is not an automatic grounds for denying an account opening request. Each application is reviewed on a case-by-case basis, taking into account the ownership structure, type of business, geographic location of counterparties, and the results of the compliance check.
The Airwallex payment system conducts a comprehensive review of each client before opening an account. Reasons for rejection may include a lack of evidence of actual business activity, an incomplete set of documents, a high-risk business sector, a complex or opaque ownership structure, sanctions risks, or discrepancies in the information provided in the application. The final decision is always made by the compliance department after analyzing all submitted documents.
Thus, the citizenship of the director or beneficial owner is not a determining factor. The most important factors are the country of incorporation, the nature of the business, and successfully passing the compliance review.
Yes, in most cases, the account opening process is conducted entirely online. Submitting documents, undergoing verification, and receiving account details are all done remotely without the need for an in-person visit.

Our Contacts

Phone

+380 97 527-66-30

Client Relations Department

+380 73 427-66-30

Email

[email protected]

Address

Kyiv, 01054, Ukraine,

40B Ivan Franko St., office 207

Legal information

MAIRA LLC

EDRPOU code: 38202700

Jurisdiction: Ukraine

Working hours

Monday – Friday: 09:00 – 18:00

Saturday – Sunday: closed

We respond to inquiries within 15–30 minutes during working hours

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International Law Company Maira Consult