When booking instant FX conversions with Airwallex, you need to have the funds for the conversion available in your wallet. See our guide on how to add funds to your account if you need to add additional funds.
In select markets, you can book a conversion for a future date with only a small prepayment required immediately. If you book a conversion for a future date, you’ll need the funds for the prepayment available in your wallet immediately, and you’ll need to add the funds for the remaining amount before the conversion date. See our guide on booking conversions for a future date for more information.
We also provide post-trade funding to a select group of customers, subject to negotiation with an account manager. If you are a customer with this feature enabled, you have the option to fund your transactions at any time between the booking of an FX conversion and the chosen settlement date. If you fail to provide the necessary funds for your conversions by the settlement cut-off date, it will be considered overdue. It is crucial that you settle this obligation as soon as possible. Airwallex will make an effort to remind you to settle these conversions. However, if the conversions remain unsettled, we may take further action in accordance with our Terms and Conditions. This may involve closing your positions at the prevailing FX Exchange Rate and passing any resulting gain or loss on to you.