This feature is now available through our beta program. You can contact your account manager to enable it.
Planning ahead? You can now create a transfer up to 180 days in advance, helping you automate payments, align with due dates, and avoid the last-minute rush.
This works for all types of transfers, including domestic bank transfers, international bank transfers, and transfers through Airwallex Pay, with or without a currency conversion.
Why use a future transfer date?
- Plan ahead: Align transfers with payment due dates or approval cycles.
- Save time: Set it up early — no need to take action on the transfer date.
- Control exchange exposure: Choose whether to lock in the exchange rate now or wait until the transfer date.
- Simplify workflows: Avoid last-minute rush and ensure timely execution.
How it works
You can now create a transfer up to 180 days in advance. When choosing a future transfer date, you’ll pick one of two options for transfers with currency conversion:
Option 1: Lock in the exchange rate now, pay in two parts
- How it works:
You lock in the exchange rate upfront. We deduct a prepayment upon creation or approval, and the rest on the transfer date. - Benefit:
Full certainty on the rate and recipient amount — no surprises.
Option 2: Pay on the transfer date, rate confirmed on the day
- How it works:
No payment is made at creation or upon approval. We confirm the exchange rate and deduct the full amount on the scheduled date. - Benefit:
Keep your funds available longer and use the most up-to-date exchange rate.
FAQs
Q: What if my funds arrive on the transfer date?
We begin processing scheduled transfers at 9:00 am in your account’s time zone. If your wallet has insufficient funds, the transfer becomes overdue. We’ll retry funding throughout the day, but the transfer will be cancelled if funding still fails by midnight. Note: If the transfer had a locked-in exchange rate, an FX difference may apply.
Q: Can I cancel a transfer?
Yes, you can cancel anytime before the transfer is sent.
Note: If the transfer had a locked-in exchange rate, an FX difference may apply. Transfer fees are non-refundable, even if the transfer is cancelled.
Q: Can I change the transfer date?
No. To change the date, you’ll need to cancel the transfer and create a new one.
Q: Will I be reminded?
Yes. You can subscribe to email notifications to receive reminders about any transfers scheduled in the next 3 days and the ones that are overdue.
Q: Can I schedule a batch transfer?
You can schedule a batch transfer up to 3 business days in advance with full amount paid upon creation or approval.
Q: Can I use this for recurring payments?
Not yet — recurring transfers are currently not supported. Stay tuned!