Airwallex vs Statrys: Accounts & Pricing [2024 Comparison]

Q: Can I have both Statrys and Airwallex business accounts?

Yes, you can open business accounts with both Statrys and Airwallex. Having multiple business accounts offers you the flexibility to benefit from each provider’s unique features and services.

Q: What are the main differences between Statrys and Airwallex?

Airwallex offers comprehensive global payment services, including local currency accounts and FX services, in multiple countries and regions worldwide. On the other hand, Statrys focuses on providing straightforward and flexible international payment solutions with personalised customer support for SMEs registered in Hong Kong, Singapore, and the BVI.


Key Features ✔️ Multi-currency business accounts supporting 11 currencies ✔️ SWIFT payments with real-time tracking ✔️ Virtual and physical payment cards ✔️ Competitive FX rate with a fee as low as 0.15% ✔️ ATM withdrawals ✔️ 100% online application ✔️ Dedicated multilingual human support	Key Features ✔️ Local currency accounts in 12 major locations ✔️ Separate corporate and employee cards to easily manage business expenses ✔️ Xero, Amazon, eBay, and Shopify integrations ✔️ 100% online application ✔️Business APIs to streamline financial operations and business transactions. ✔️Free account option
Best For SMEs registered in Hong Kong, Singapore, and the BVI looking for cost-effective online international payment solutions in multiple currencies with dedicated human support.	Best For Global businesses seeking cross-border payment solutions and APIs to simplify operations and manage finances effectively on a single platform.
Trustpilot rating ⭐⭐⭐⭐4.7/5 Based on 278 reviews (retrieved on 15 May 2024)	Trustpilot rating ⭐⭐⭐⭐ 3.7/5 Based on 1,104 reviews (retrieved on 15 May 2024)
Learn more about Statrys	Learn more about Airwallex

Statrys Overview

Founded in 2019, Statrys is a Hong Kong-based financial service provider offering comprehensive products for global business growth, including multicurrency business accounts, Hong Kong and Singapore company incorporation services, and free invoicing software. Statrys is bridging the gap between complex cross-border payment solutions and personalised human support for more than 3,500 business account users.

Eligible countries: Hong Kong, Singapore, and the BVI.
Eligible company type: Most business entity types, including but not limited to sole proprietorship, public limited company (PLC), limited liability company (LLC), and limited liability partnership (LLP).
Licences: Statrys is licensed as a Money Service Operator in Hong Kong and a Small Payment Institution in the UK.
Partner bank: DBS Hong Kong.

Airwallex Overview

Airwallex, founded in 2015, is an Australian neobank providing services for businesses of all sizes, including virtual multicurrency business accounts and API integration to simplify global financial transactions. Airwallex currently has offices in 19 locations worldwide. It is supported by Tencent, a major multinational conglomerate.

Eligible countries: 52 countries and regions, including Australia, New Zealand, Hong Kong, Singapore, the BVI, the UK, and the US.
Eligible company type: As long as the account is used for business transactions, most business types, from sole traders to enterprises, are eligible.
Licences: Airwallex holds multiple financial services licences in the countries where it operates, including an Australian Financial Services licence in Australia, a Money Service Operator licence in Hong Kong, and an Electronic Money Institution licence in the UK.
Partner banks: DBS, JP Morgan, Standard Chartered, ANZ, and more.

Business Account Features


Supported Currencies	11 currencies, including HKD, AUD, CAD, CHF, CNY, EUR, GBP, JPY, NZD, SGD, and USD	21 currencies, including HKD, AUD, CAD, CHF, EUR, GBP, JPY, NZD, SGD, USD, DKK, CZK, HUF, MXN, NOK, PLN, RON, SEK, ZAR, CNY, IDR
Supported Currencies for Local Payments	14 currencies, including HKD, CNY, USD, AUD, GBP, EUR, THB, INR, VND, TRY, IDR, PHP, SGD, and KRW	49 currencies, including HKD, CNY, USD, AUD, GBP, SGD, and EUR
International Payments (SWIFT)	✔️	✔️
Accounting Software Integration	✔️	✔️
FX Features	Make a spot and order forward contracts at a competitive FX rate based on a real-time mid-market rate with a fee as low as 0.15%	Convert money into over 60 currencies at a competitive FX rate with a fee starting from 0.2%
Primary Pro	• No minimum deposit or transaction limit. • Support real-time SWIFT payment tracking. • Human-based customer support. • Offer forward contracts with fully flexible settlement dates and no penalty fees. • Fast account opening time.	• An extensive payment network allows users to transfer over 60 currencies to over 170 countries. • Can open local currency accounts with unique account details in 12 major locations. • Fast account opening time.
Primary Cons	• Only companies registered in Hong Kong, Singapore, and the BVI are eligible.	• Supported services and currencies may vary depending on country and region. • Limited ways to reach live customer support. • Charges a 0.3% fee on incoming transfers, which can significantly add up for businesses with high transaction volumes.

Helpful Resource: Learn what SWIFT is and why local payment might be a better option for international transfers.

Business Account Fees


Account Opening Fee	Free*	Free
Account Monthly Fee	Free (if 5 or more outgoing transfers are made in the month)	Free
Receive Local Payments	Free to receive payments in HKD in Hong Kong	0.3% on each payment received from non-owner accounts
Send Local Payments	HKD 5 per local payment below HKD 500,000, otherwise HKD 75 HKD 25 to HKD 50 for local payment in specific countries	Free
Receive International Payments (SWIFT)	HKD 60	0.3% on each payment received from non-owner accounts
Send International Payments (SWIFT)	HKD 85	HKD 120 - 200

*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.

Tip: Learn how to open Statrys’ business account and Airwallex’s account opening process with our detailed guides.

Card Features and Fees


Card Type	Physical and virtual prepaid Mastercard® card	Virtual Visa company card Physical and virtual Visa employee card
Card Base Currency	HKD	10 currencies, including AUD, SGD, HKD, GBP, USD, EUR, JPY, CAD, NZD, and CHF
Payment Limit	HKD 600,000 per cardholder per year	USD 50,000 (adjustable)
Card Transaction in a Currency Different From the Card Base Currency	FX fee based on Mastercard® exchange rate + 1.5%	FX fee based on Visa exchange rate + 1.5%
ATM Withdrawal	✔️	❌
ATM Withdrawal Fee	1.99% (Minimum HKD 31)	Not supported
Primary Pro	• Each user can obtain 1 physical card and up to 4 virtual cards. • Support ATM cash withdrawal • Designed for easy point-of-sale purchases	• Multi-currency cards allow users to spend directly from account balance. • Compatible with Apple Pay and Google Pay • Can issue cards dedicated to company expenses and individual expenses to organise and manage the budget more effectively.
Primary Cons	• An HKD 48 monthly fee is applied for an additional physical card • It’s prepaid cards. Users need to top-up cards before making a purchase.	• Does not support ATM cash withdrawal

Customer Support


Dedicated account manager	✔️	❌
Communication Channels	Live Chat on Website, Email, Phone, WhatsApp, WeChat	Chatbot, Phone
Working Hours	10 A.M. to 7 P.M. Hong Kong Time Monday to Friday (except on public Hong Kong holidays)	9 A.M. to 6 P.M. Hong Kong Time

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Open a Business Account with Statrys

No minimum deposit. No maximum transaction. Support from an account manager.

Statrys mobile application dashboard showing a total balance in a business account.

FAQs

Is Airwallex safe?

Airwallex is safe, as it is licensed and regulated by the government body where it operates. Thus, customer funds are protected.

Can I have both Statrys and Airwallex business accounts?

What are the main differences between Statrys and Airwallex?

Disclaimer

More info

Statrys competes directly with Airwallex in the payment industry, but we are committed to providing an unbiased and thorough review. We're committed to providing an unbiased, thorough review to help you make an informed choice.