The Best Multi-Currency Business Accounts in Australia in 2026

Would your business benefit from a multi-currency account?

The biggest benefit is being able to keep revenue in the currency you receive, then use it for expenses in that currency.

For an Australian online store, that could mean keeping dollar sales revenue for its next USD stock order instead of converting everything into Australian dollars first.

A service business might use euro client payments for contractors, while bringing enough money back into AUD to cover wages and tax bills.

If you only need to settle an overseas invoice, international business money transfers can handle the payment without adding another account to manage.

The best business accounts for managing currencies

My suggestion is to choose between these accounts according to how you receive revenue and what you need to do with it afterwards.

Sales revenue connected to company spending

8.8

Airwallex

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"Airwallex offers a comprehensive financial platform for businesses. Make global transfers to 150+ countries, receive funds in 20+ currencies. Connect with popular software for a seamless approach."

Foreign client receipts without a subscription

9.2

Wise

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"Wise Business is used by 300,000+ businesses each year. Easy integrations with Xero, QuickBooks, FreeAgent and more are available."

Currency balances with finance-team controls

8.7

OFX

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"OFX Business offers multi-currency account to hold balances in up to 7 currencies. Make global payments to over 170 countries."

Marketplace sales and overseas stock orders

8.7

WorldFirst

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"WorldFirst helps growing businesses control cross-border costs with forward contracts and tailored FX solutions. Manage 40+ currencies and make international payments with specialist support on-hand."

Team cards and monthly FX allowances

8.6

Revolut

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Retaining foreign revenue within business banking

?

CommBank

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Airwallex brings your foreign balances and company spending together

I'd say consider Airwallex if your growing business needs foreign revenue to fund suppliers, company cards and several people's expenses.

Global Accounts provide receiving details in more than 20 currencies, and supported revenue can stay in your wallet for later spending or conversion.

Its company cards can spend directly from supported currency balances, so a dollar subscription does not need to be funded through AUD every month.

You can also connect bills and expenses to accounting software, which is more useful than simply having several balances sitting in separate accounts.

The trade-off is a more involved fee structure, particularly when you add active spending users or collect revenue in certain currencies.

What does Airwallex cost in Australia?

SHA shares bank charges with the recipient, while OUR means you pay the intermediary charges for the international wire.

I suggest funding the relevant card balance before spending, because manually converting a major currency costs less than relying on automatic card conversion.

For five active spending users, Explore costs A$74 monthly before a waiver or transaction charges, while Grow costs A$144 for the same user count.

Grow needs to earn its extra cost through the features your team uses, rather than simply through the number of currencies you hold.

Wise Business keeps several client currencies without a recurring plan

In my opinion, Wise is the simpler account for a consultancy, agency or small business invoicing overseas clients in several currencies.

The account can hold more than 40 currencies, and you can reuse client payments for bills, transfers or business card spending.

Receiving details are available for fewer currencies than you can hold, so the account still needs to match how each client will pay you.

I like the absence of a monthly subscription if your overseas income varies, because you are not paying a plan fee during quieter months.

The Australian business account also supports eligible trusts, which can be an important difference when your business structure is more involved than a sole trader.

What does Wise Business cost?

The A$8 foreign-network charge is separate from the ordinary payment fee and does not apply to every payment from a Wise balance.

Keeping at least A$10,000 throughout a month qualifies for a waiver the following month, while sending or converting more than A$2,000 qualifies sooner under the waiver rules.

I suggest including that charge when planning to receive foreign revenue and regularly pay it to external accounts without converting it.

If you mainly keep supported client revenue for card spending or Wise-to-Wise payments, the account can be easier to manage without a recurring plan.

OFX adds bill approvals to your currency accounts

OFX's Global Business Account is useful when your finance team needs more control over bills and spending than a simple currency wallet provides.

You can hold more than 30 currencies and use local receiving details for AUD, GBP, EUR, USD and CAD.

The same platform connects those balances with corporate cards and bill management, so staff can prepare spending while the right person approves it.

I think OFX is worth considering for an importer or services company with regular invoices and several people involved in the payment process.

Its current Australian business platform is broader than the older transfer-only service, so I suggest judging the account using the new business plan charges.

What does the OFX business account cost?

I'd say start with Standard if the main job is keeping and paying currency balances, and pay for Full Suite only when its finance tools save enough administration.

The annual subscription alone is A$900 on Full Suite, before extra users, conversion or transaction costs are added to the account.

For foreign company spending, having the right currency already available also avoids the automatic card conversion charge.

WorldFirst makes marketplace revenue easier to reuse for stock

WorldFirst works well if your Australian business receives marketplace sales and needs that money for overseas suppliers or its next stock order.

The World Account can receive and hold more than 20 currencies, with no ongoing account fee for keeping those business balances.

You can collect through supported marketplaces and payment gateways, then use the money for supplier payments or the Australian World Card.

I like it for an online seller whose revenue and purchasing are connected, rather than a business mainly seeking local cash deposits or borrowing.

For Chinese sourcing, its 1688 payment service is another reason to consider it, although that service has a separate charge from ordinary account holding.

What does WorldFirst cost?

The payment charge is relevant even when you keep and pay the same currency, because avoiding conversion does not automatically make the payout free.

For example, an Australian store retaining dollar sales for a supplier should price the supplier payment as well as any dollars converted back into AUD.

I suggest keeping enough money in the card's supported transaction currency, because unsupported or insufficient balances send the whole payment to the default AUD balance.

Revolut Business offers useful allowances for team spending

Revolut Business suits an Australian company that wants several currency balances, team cards and a monthly allowance for regular conversion.

Grow includes A$25,000 of monthly currency exchange during market hours, which can cover meaningful business spending without a separate percentage fee within the allowance.

You can spend from supported balances and control staff spending, although the tools available on Basic are more limited than the higher plans.

The main receiving limitation is that Australian business accounts have local AUD details, while other currency receipts use international SWIFT details.

I'd say consider Wise or Airwallex if overseas local receiving instructions are essential for the way your clients pay invoices.

What does Revolut Business cost in Australia?

Receiving and sending international payments in other currencies can share the plan's allowance, so it is worth counting both sides of your business activity.

In my opinion, Grow is worth considering over Basic if you convert several thousand dollars regularly, because its extra A$15 monthly buys a much larger exchange allowance.

At A$10,000 of market-hours conversion, Basic costs A$63 including its subscription and the charge above A$2,000, while Grow costs A$30 before other activity.

CommBank keeps foreign revenue within your existing business banking

CommBank's Business Foreign Currency Accounts are a good option if you want foreign balances alongside the Australian bank you already use for daily operations.

You open separate currency accounts linked to an eligible AUD account, rather than receiving every currency through one all-in-one wallet.

I'd say consider this if your business receives occasional large foreign invoices and you want to retain that money without changing your wider banking arrangements.

The foreign account itself has no monthly account fee, although the linked AUD account and international payments can still add costs.

It is less suited to a business looking specifically for employee cards that spend directly from several retained foreign balances.

What do CommBank foreign-currency accounts cost?

I'd say compare the exchange rate and international receiving charges before assuming the account is cheaper because the monthly fee is zero.

For a few larger payments, keeping the currency account alongside existing business banking can still be easier than moving the whole finance process elsewhere.

Getting paid locally and holding a currency are different features

An account can hold US dollars without giving your customer US domestic receiving details, which changes how they pay and what the transfer costs.

Airwallex, Wise, WorldFirst and OFX offer overseas receiving facilities for supported currencies, while Revolut's Australian business foreign receipts use SWIFT details.

A CommBank foreign account also sits within Australian banking, so a dollar balance does not automatically make it a US local account.

I suggest confirming the receiving route before changing an invoice template, especially when several smaller client payments arrive every month.

Reusing revenue for cards, suppliers and Australian bills

Foreign balances are most useful when you know which costs they will cover, rather than leaving every receipt unconverted indefinitely.

For example, a store could retain USD sales for its next stock order and convert enough for Australian payroll, rent and tax payments.

An agency might keep euros for European contractors, while a travel business could allocate foreign card spending to the relevant team members.

My suggestion is to use separate permissions and spending limits so staff can use company cards without getting unrestricted access to every currency balance.

Having a foreign balance does not remove exchange-rate exposure, because its AUD value can fall while you still owe Australian dollar bills.

How much will currency management cost your business?

Take one ordinary month and count receipts, conversions, supplier payments and active card users before deciding which subscription is worth paying.

A free account can have higher transaction costs, while a paid account can be better value when its allowances match your activity.

I suggest separating sales-processing fees from bank-account receipts, because accepting a customer's card payment is a different service from receiving a transfer.

Airwallex's merchant products, for example, can add card processing and foreign-currency settlement charges even when the currency account's bank-transfer receipt is free.

How are Australian business currency balances protected?

Australia's Financial Claims Scheme covers eligible Australian-dollar deposits up to A$250,000 per account holder at each authorised deposit-taking institution.

Foreign-currency accounts are outside that scheme, including foreign balances held at a bank rather than a specialist payment provider.

Revolut Australia became an APRA-authorised bank in July 2026, but its own business terms distinguish eligible AUD deposits from foreign balances excluded from FCS cover.

Wise's Australian purchased-payment-facility authorisation is also different from an unrestricted bank licence, while Airwallex, WorldFirst and OFX use their own regulated payment-account arrangements.

Before leaving a large reserve, I suggest checking the operator and fund-holding terms rather than treating every business account as the same kind of deposit.

How to set up a business account for your currencies

Compare the cost of your next overseas business payment before deciding how much retained revenue to convert or transfer.

Frequently asked questions