This article details the requirements to enable Airwallex Yield if your business is registered in Australia.
Who is eligible to access Airwallex Yield in Australia?
All Australian entities who have an Australian Business Number (BRN) and a registered business address in Australia.
Which user's permission is required to enable Airwallex Yield in Australia?
Due to regulations, only the account owner will be able to enable Airwallex Yield.
If your account has multiple account owners, only one is required to activate Yield. However, this account owner must complete the end to end onboarding application.
How do I get access to Airwallex Yield in Australia?
The account owner will need to navigate to the Wallet -> Balances -> scroll to below the Cash wallet where the Yield wallet is located -> Click on 'Get started'
For a step by step tour, view here.
You will need to submit some supplementary information to access the Airwallex Yield product, including providing your company’s FACTA information. If your company identifies as a Passive Non-Financial Entity, please contact support.
Account Verification
A minimum initial investment amount of AU$10,000 or USD equivalent is required to finalise your account opening.
After this initial transaction, there is no ongoing minimum transfer or balance requirement.
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