What is a Global Account?
Global Accounts are international bank accounts located around the world that facilitate the seamless collection of funds from international customers and marketplaces.
How to Create a Global Account
1. Navigate to Global Accounts in the sidebar
To see your existing Global Accounts and create new accounts navigate to Wallet > Global Accounts on the left-hand side of the Airwallex web app.
2. Create a new Global Account
Click on ‘Create Global Account’ on the top right-hand side of the screen.
3. Select the location and currency for this new account
This page will show you the locations where you can create a Global Account and the currencies the Global Accounts can accept.
After selecting a location, a list of all the supported currencies and their supported payment methods will be shown on the right panel. For certain locations, multiple currencies can be supported by a single Global Account. Supported payment methods may differ for each currency.
Once you have identified a Global Account that supports your use cases, pick an account nickname—or use the default—and hit ‘Create Global Account’. Most accounts will be created instantly, but some may require additional processing time.
Please take a moment to review the information on the confirmation screen. It will show key details of your newly created Global Account, such as the account name, account number (e.g., IBAN, CLABE etc.), bank details, account location, and account capabilities.
Viewing and receiving funds using Global Accounts
1. Navigate to Global Accounts in the sidebar
To see your existing Global Accounts navigate to Wallet > Global Accounts on the left-hand side of the Airwallex web app.
You can receive funds to "Active" accounts, but accounts that are still "Processing" would need to be completed before receiving funds.
2. Select Global Account
Select the Global Account you wish to view from the list. You can filter your Global Accounts by bank location, currency, and status.
3. View Global Account details
Global Account details can be viewed here. For further information, including details of the correspondent and intermediary banks, select Show all details. On this page, you'll find the full account details (vary by accounts), including:
- Account Name
- Account number
- Bank code & Branch code
- IBAN / SWIFT code
- Bank name
- Location
- Global Account bank address (this should be used as the beneficiary address when sending money to a Global Account)
You can also find the Account capabilities on this page, including supported currency & payment methods and their processing times.
4. Receiving/sending funds to your Global Account
Ensure the selected Global Account supports the intended payout currency and payment method. Copy and provide the account details to your partner to receive the funds, or input the details accordingly to make a payout.