This article walks you through creating a new Borderless Cash or Yield account for a legal entity that already exists in your organisation.

Before you begin

• You must have the Owner or Admin role to create a Business Account.
• At least one legal entity must already be set up in your organisation. If none exists, you can add one from within the account creation flow (see step 3).

Steps

1. In the left menu, select Business Accounts. You land on the Business Accounts overview page.
2. In the page header, select the New account button.
3. In the Which legal entity will own the new account? dropdown, select the legal entity that will own this account. You can search by entity name or country. If your entity doesn't appear, select + New legal entity at the bottom of the list to set one up first. Once done, return to Business Accounts and select New account to start again.
4. Under Account details (the options appear as selectable cards), select the account type
   1. Borderless Cash: hold 20+ currencies and collect locally from 60+ countries/regions, all in one multi-currency account, with no setup or upfront fees.
   2. Yield: Earn competitive interest on your balances - rates vary by currency
5. In the Account name field, enter a name for your account. A suggested name is pre-filled; you can keep it or change it.
6. If you selected Borderless Cash: from the What is your area of interest in a Borderless Cash account? dropdown, select the option that best describes how you plan to use the account. This is required for regulatory purposes and does not affect your account. Below are all the options:
   1. Working capital management
   2. Digital advertising and marketing 
   3. Corporate travel & employee expenses
   4. Supplier & vendor payments
   5. Software & subscription management
   6. Other
7. Select the Create account button. It becomes active once all required fields are filled.

After your account is created

• Borderless Cash: you are taken to your new account's overview page. You can select Add funds to deposit money, or Transfer to move money.
• Yield (account active): you are taken to your new account's overview page. You can select Add funds to deposit money, or Withdraw funds to move money out.

• Yield (onboarding required): you are directed through an onboarding flow before your account becomes active. To track your application, return to the Business Accounts overview page and look for your application in the Pending applications table (Type = Yield, Status = Draft).

  

Seeing a different version of the Airwallex platform?

You may be on the previous version of the Airwallex platform. See Revamped Airwallex experience: one place to run your whole business (beta) for more information on the change.

The best way to confirm if you are on the previous version is to check your left sidebar column for any mention of Business Accounts. In the same sidebar, you can also check that you do not see Wallet or Transfers.

Certain actions and pages may not be visible if you have not been given sufficient global or account permissions.

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