Currenxie and Statrys provide multi-currency business accounts in Hong Kong, giving clients access to 11 currencies: HKD, CNY, EUR, USD, AUD, CAD, CHF, GBP, JPY, NZD, and SGD. Plus, Currenxie supports DKK, NOK, and SEK in addition to these currencies.
For local payouts, Statrys supports payments in 13 different local currencies, while Currenxie supports 21 currencies.
To open a business account with Statrys, your business must be incorporated in Hong Kong, Singapore, or the BVI. At the same time, Currenxie offers business accounts for most countries, except the US and high-risk countries.
While Currenxie offers only one debit card per account, clients can obtain multiple cards from Statrys.
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.
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 email@example.com.
Let's dive into the comparison between Currenxie and Statrys.
Accounts & Payments
|Multi-currency Business Account in Hong Kong|
|Local Payments in Hong Kong
(i.e., payments received from or made to another account in Hong Kong)
|Supported Currencies for Local Payments||HKD, AUD, EUR, GBP, IDR, INR, KRW, PHP, SGD, THB, TRY, USD, VND||HKD, USD, EUR, AUD, THB, VND, INR, GBP, PHP, IDR, CAD, MXN, ZAR, JPY|
|International Payments (SWIFT)|
|Supported Currencies for International Payments||HKD, USD, EUR, GBP, CNY, JPY, CHF, AUD, SGD, CAD, NZD||HKD, CNY, EUR, USD, AUD, CAD, CHF, GBP, JPY, NZD, SGD, DKK, NOK, SEK|
|Hong Kong Company Registration|
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.
|Local Collection Accounts||Hong Kong||Hong Kong, Australia, Canada, EU, Indonesia, Japan, New Zealand, Singapore, the UK, and the US|
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||Free*||Free|
|Account Monthly Fee||HKD 88
(with a dedicated account manager)
|Receive Local Payments||Free||USD0.75
(equivalent to HKD5.8)**
|Send Local Payments||HKD 5***
Local Payment in Hong Kong
HKD 25 to HKD 50
Local Payment in specific countries
(equivalent to HKD23.5)**
|Receive International Payments (SWIFT)||HKD 55||USD8.00 per transfer
(equivalent to HKD62.7)**
|Send International Payments (SWIFT)||HKD 75||USD8.00 per transfer
(equivalent to HKD62.7)**
*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
|Supported Currencies||USD, EUR, GBP, HKD, SGD, CNY, CHF, CAD, AUD, NZD and JPY||USD, EUR, GBP, HKD, SGD, CNY, CHF, CAD, AUD, NZD, JPY, DKK, NOK, SEK, INR, THB, MYR, PHP, IDR, VND, and ZAR|
|FX Services||Spot and forward||Spot and forward|
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
|FX rate||As low as 0.1% (depending on exchange volume)||0.10%: USD/HKD
0.40%: USD / EUR / GBP / HKD / AUD / SGD / JPY / CNH / CAD / CHF / NOK / DKK /SEK /NZD
0.50%: INR / THB / MYR / PHP
0.60%: IDR / VND / ZAR / MXN
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.
|Card form||Physical & virtual cards||Physical, virtual card & digital wallet: Google Pay|
|Card base currency||HKD||HKD|
|Payment limit||HKD 500,000 per cardholder/ year||HKD balance in your global account|
|Cards per account||Multiple||1|
|Card mobile application|
|Instant notification of spending|
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.
|Card transaction in a currency different than the card base currency
(for example, when using the card for a transaction in EUR)
|FX fee based on Mastercard® exchange rate + 1.5%||FX fee based on Visa exchange rate + 1.5% (overseas transactions)|
|ATM withdrawal||1.99% Minimum HKD 31||Hong Kong: 2.00% of the amount withdrawn or a minimum of HKD 30 (whichever is higher)
2.00% of the amount withdrawn or HKD 50 (whichever is higher)
|Additional physical cards||HKD 48 per card/month||Only 1 card per account|
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.
|Personalized Ccustomer Services|
|Communication Channels||Website, Email, Phone, WhatsApp, WeChat||Website, Email|
|Working Hours||9 a.m. to 6 p.m. Hong Kong Time
Monday to Friday (except on public Hong Kong holidays)
|Information is not available on Currenxie’s website.|
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.
|4.6/5 based on 213 reviews||3.6/5 based on 90 reviews|
Is Currenxie a bank?
Does Currenxie offer personal accounts?
Is Currenxie safe to use?
Can I use the Currenxie card outside Hong Kong?
This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Statrys Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.
Currenxie and the Currenxie logo are trademarks of Currenxie Limited, registered in the Hong Kong SAR China and other countries and regions.