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Airwallex: A Great Alternative to Traditional Banks for Quick Business Account Opening


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Table of Contents

  1. Why opening a business account is important?
  2. What is Airwallex?
  3. Seamless Business Account Experience
  4. Smooth and Secure Online Payments
  5. Multi-Currency Visa Cards Designed for Global Business
  6. Documents Required for Airwallex Account Opening
  7. Conclusion


A business account, also known as a company account, is a crucial starting point for entrepreneurship. Using a personal account for business activities can easily result in serious consequences. Opening a business account with traditional banks can be complicated, and startups, small businesses, or sole proprietorships may struggle to meet the required documentation and funding criteria.

In recent years, many financial technology companies, such as Airwallex, have provided online business accounts that are user-friendly and practical for startups. In this article, let’s discover the advantages and features of Airwallex.




Why is opening a business account important?

1. Meet legal and regulatory requirements

Running a Hong Kong company requires compliance with relevant regulations and tax requirements. Opening a company account can effectively manage and monitor the company's financial situation and provide relevant records to relevant institutions when needed.

2. Convenient for bookkeeping and tax reporting

Opening a company account can differentiate personal and company finances, accurately record complete company accounts, including income, salary and miscellaneous expenses, and transaction details. This allows you to have a clear understanding of the company's finances and helps with smooth tax reporting.

3. Enjoy more business benefits

Company accounts usually provide services different from personal accounts. In addition to reducing the risk of large transactions being frozen by banks, there are company credit cards, online wealth management services, and many other services tailored for start-ups and small and medium-sized enterprises to help customers develop their businesses.


What is Airwallex?


Airwallex is a global financial platform dedicated to providing reliable and cost-effective global financial solutions for cross-border or international businesses. Airwallex is licensed and regulated in regions such as Hong Kong, UK, US, Australia, and more, providing businesses with legitimate online foreign currency business accounts. It helps your company open local currency accounts instantly online, making global transaction management easy.


Redefining with Innovation: A Seamless Business Account Experience

Airwallex simplifies the cumbersome application process with innovative technology, providing a seamless business account experience:

  • No face-to-face interviews required
  • Only basic documents need to be uploaded, and the account can be opened in as quickly as 2 days
  • No account opening or monthly fees


Airwallex's business account enables you to open local currency accounts. Other banks can also recognize your company and account, efficiently handling payment transactions. With Airwallex, you can log in to your business account through their website or mobile application and exchange over 40 major currencies worldwide at competitive rates, including:

  • US Dollar
  • British Pound
  • Euro
  • Japanese Yen
  • Chinese Renminbi (RMB), and more

You can also directly receive payments in your customer's preferred currency, avoiding conversion fees.


Smooth and Secure Online Payments: Efficiently Expand Your Business

Airwallex supports over 160 payment methods worldwide, including:

  • Visa
  • Mastercard
  • Apple Pay
  • Google Pay
  • PayPal
  • WeChat Pay
  • Alipay, and more.

Airwallex can also connect to major e-commerce platforms, processing business transactions in real-time, such as:

  • Amazon
  • Shopify
  • Woo, and more.

Airwallex allows you to create secure one-time or reusable payment links and customize the payment experience and security review process, enhancing customer impressions and trust in your brand. After completing a transaction, the transaction records seamlessly integrate into your accounting software, making transaction management easy.



Multi-Currency Visa Cards Designed for Global Business

With Airwallex, you can open company cards and employee cards for free, allowing you to have real-time control over all expenses. Airwallex Borderless Visa card deducts the corresponding currency fees directly from your Airwallex account, eliminating foreign exchange fees. There are no overseas transaction fees or hidden costs, allowing you to focus on business development.

Through Airwallex, you can track and manage all company cards and employee cards' operations and transactions in real-time, providing a one-stop solution for managing business expenses. You can also personalize settings for employee cards, such as setting transaction limits to avoid the risk of unexpected overspending during company purchases.

Why Choose Airwallex for Startup/Small Business Account Opening?

  • Online account opening with quick approval
  • Simple application process
  • One account for managing multiple currencies
  • One-stop online transaction services that are secure and efficient
  • Year-round business travel and service offers

Documents Required for Airwallex Account Opening

  • Business Registration Certificate (BR)
  • Authorized agent's identification document
  • Company registration certificate (applicable to limited companies)
  • Identification documents of individuals holding more than 25% of shares or managing partners (applicable to partnership businesses)
  • Other documents (if required)


Currently, opening an Airwallex business account through OneStart, you can enjoy 0% fees for the first HK$ 100,000 of foreign exchange transactions (or equivalent amount). If you are already operating or planning to start a business, this offer is truly not to be missed! To learn more about the details of the plan or OneStart’s one-stop business services, please call 3575 6888 or WhatsApp OneStart Business Consultants for more information.


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