Currenxie vs Statrys: Accounts & Pricing [2024 Comparison]

Since 2014, Currenxie – a Hong Kong-based fintech company–has provided various financial solutions for companies worldwide, such as virtual accounts, cross-border payments, and debit cards. But the question remains: Is Currenxie the right financial partner for your business?

To help you answer this question, we will compare Currenxie and Statry business accounts. This comparison aims to provide unbiased and actionable insights that will save you time and help you choose the business account that best fits your business needs.

In addition, if a side-by-side comparison isn't what you're looking for, we also offer an in-depth review of Currenxie and an article on the benefits of having multiple business accounts.

Before You Proceed

Statrys competes directly with Currenxie in the payment industry. However, we're committed to providing an unbiased, thorough review to help you make an informed choice.

Our insights are derived from industry experience and discussions with clients who have also used our competitors' services. While we'd love for you to choose us, what's most important is that you make the decision that's right for you.

If you have any feedback regarding this review, please contact us at marketing@statrys.com.

Let's dive into the comparison between Currenxie and Statrys.

Accounts & Payments

Statrys and Currenxie provide multi-currency business accounts in Hong Kong. Statrys’ business account supports 11 currencies: HKD, CNY, EUR, USD, AUD, CAD, CHF, GBP, JPY, NZD, and SGD. On the other hand, Currenxie supports DKK, NOK, and SEK in addition to these currencies. Thus, any payment received in one of these currencies is credited to the business account in the same currency – saving the cost of any foreign exchange conversion.

Also, their accounts can be used to receive and make payments locally in Hong Kong and internationally (via SWIFT) from and to other countries. However, SWIFT payments must be in the respective currencies in the chart above.

Moreover, the local payout is available for both Currenxie and Statrys clients. This solution allows for payment in local currencies to services, freelancers, and suppliers in their respective countries.

These transactions are processed via the local payment system of the country where the payee is based instead of the SWIFT network. 

Thus, this solution can save you more money from foreign exchange rates and additional charges from currency conversions.

💡 Tips: Read our article to learn more about local and SWIFT transfer.

It’s important to note that to open a business account with Statrys, your business must be incorporated in Hong Kong, Singapore, or the BVI. On the other hand, Currenxie offers business accounts to businesses registered in most countries except those in the US and sanctioned or high-risk countries.

However, Statrys provides a company registration service to help customers set up their business in Hong Kong.

Local collection accounts can only be used to receive payments in the national currency from the country where the account is located. Also, payments can only be received from online marketplaces.

🔎 Example: A local collection account in Indonesia can only be used to receive payments in Indonesian Rupiah from an Indonesian online marketplace (like Tokopedia, Shopee, etc.).

Accounts & Payments Pricing

*Account opening fee may apply for companies not registered in Hong Kong or Singapore, companies with complex shareholding structures, and companies with high-risk business profiles.

**Actual cost in HKD will vary from time to time based on the USD/HKD exchange rate.

***A fee of HKD25 applies for outward local payment exceeding HKD500,000.

Foreign Exchange Services

Both Currenxie and Statrys offer forex exchange services with fees based on real-time interbank rates. In addition, their clients can execute spot trades and order forward contracts at preferable rates. However, while Statrys offers forex exchange services for 11 currencies, Currenxie supports up to 21 currencies.

Foreign Exchange Services Pricing

Statrys offers foreign exchange fees as low as 0.1%, depending on your exchange volume. On the other hand, Currenxie charges a foreign exchange fee ranging from 0.1% to 0.6%, depending on your selected pair of currency exchanges.

Cards

Currenxie and Statrys offer both virtual and physical cards for businesses. Both companies allow clients to manage expenses by controlling spending limits and locking or unlocking cards. Plus, both Statrys and Currenxie cards can withdraw cash from ATMs worldwide. However, Statrys cards cannot work with ATMs in some restricted countries.

Although Currenxie card is compatible with Google Pay, Currenxie provides only one debit card per account at the time of review. In contrast, Statrys’ clients can obtain extra virtual cards, up to 4 cards per cardholder. Hence, they can distribute multiple cards to employees.

Lastly, Currenxie’s clients can enjoy unlimited 1% cashback on all transactions. Plus, cashback is added to the card directly at the end of each month.

Cards Pricing

When using Statrys cards in a currency different from your base currency, you will pay an FX fee based on the Mastercard® exchange rate, plus 1.5%. Likewise, a Visa exchange rate plus 1.5% is applied when using a Currenxie card for transactions in currencies other than HKD.

The first physical card with Statrys is free of charge. And for any additional physical cards, there is a monthly fee of HKD 48 per card. The virtual cards are provided for free.

Customer Support

Having good customer service is not just a perk – it’s essential. Knowing that your financial service provider has your back when encountering problems can give you peace of mind. Hence, you can focus on running your business rather than worrying about account issues.

Currenxie team provides personalized support and can be reached through the website and email. Simply put, they don't use any bots to answer customers. However, we could not find any live chat support from Currenxie, and you must fill in a "contact us form" to contact the support team.

On the other hand, Statrys offers every business account holder with a dedicated account manager who can be reached by phone, email, live chat, WhatsApp, and WeChat.

Statrys will respond to customer inquiries within 15 minutes during business hours (depending on your time zone), not hours or days.

Customer Reviews

We review customer feedback on Trustpilot. Statrys has a score of 4.6/5 based on 213 reviews, while Currenxie has a score of 3.6/5 based on 90 reviews.