A multi currency account lets an Australian business hold, receive and convert several currencies from one account, often with local details to get paid like a local. As of 19 May 2026, Wise Business and Airwallex are built around this, while Revolut Business also holds multiple currencies on its plans.
- Currencies held
- Wise Business holds about 24, Airwallex supports a wide multi currency wallet
- Conversion margin
- From about 0.63 percent on Wise Business, about 0.5 to 1 percent on Airwallex, as of 19 May 2026
- Can a non resident open
- Possible where the business is registered in Australia. Verify with the provider.
- Most providers
- Multiple business accounts
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
How multi currency accounts work in Australia
A multi currency account gives a business one place to hold balances in several currencies, receive payments through local account details, and convert when the rate suits rather than on every incoming payment. This helps businesses that earn or spend abroad avoid converting twice and avoid surprise conversion at a bank default rate. The currencies supported and the conversion margin vary by provider.
Holding and receiving currencies
As of 19 May 2026, Wise Business holds and receives about 24 currencies and provides local account details across many of them after a one off A$65 fee. Airwallex offers a multi currency wallet with local details in many countries and charges no setup fee, with A$0 monthly on Explore where deposit or balance conditions are met. Revolut Business also holds multiple currencies on its plans. Verify the current currency list with the provider.
Conversion costs
Conversion is where multi currency accounts differ most. As of 19 May 2026, Wise Business converts from about 0.63 percent, Airwallex applies about 0.5 to 1 percent depending on the currency, and Revolut Business gives a monthly exchange allowance then about 0.6 percent above it. Confirm the current margin with the provider.
What to check on a multi currency account
When comparing multi currency accounts in Australia, check these points, as of 19 May 2026. Verify with the provider
- Which currencies you can hold and receive, and whether you get local account details for them.
- The conversion margin on the currencies you actually use, and any minimum or fixed fee.
- Any setup fee or monthly fee, and the conditions that waive it.
How to compare multi currency accounts
- List the currencies you receive and pay in, and your monthly conversion volume.
- Compare the conversion margin and any setup or monthly fee on those specific currencies.
- Confirm the current supported currencies and rate card with the provider before you apply.
Compare business accounts available in Australia
These providers offer multi currency business accounts to customers in Australia. Fees and eligibility shown as of 19 May 2026. Confirm current terms with the provider before applying.
Compare business accounts →Questions about business banking in Australia
What is a multi currency business account?
How many currencies can I hold in Australia?
What does currency conversion cost?
Do I need local account details for each currency?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 19 May 2026. Confirm current terms with the provider before applying.