Currenxie VS Statrys: Business Accounts Comparison [2024]

Q: What are the key differences between Currenxie and Statrys?

Both Currenxie and Statrys offer multi-currency accounts. However, Currenxie has wider eligibility, provides local currency account numbers for various regions, and offers one card with a rewards program, though it comes with higher fees. In contrast, Statrys focuses on SMEs in Hong Kong, Singapore, and the BVI, providing a dedicated account manager and unlimited cards per account for potentially better bookkeeping. Therefore, Currenxie suits businesses of all sizes, including larger operations, while Statrys caters to regional businesses seeking focused support.


Key Features ✅ Multi-currency business account ✅ SWIFT payment and real-time tracking ✅ Unlimited cards per account ✅ Dedicated account manager ✅ FX fee of as low as 0.15% ✅ 100% Online application	Key Features ✅ Multi-currency business account ✅ SWIFT payment ✅ Payment card (1 per account) ✅ Local currency accounts ✅ Rewards program ✅ 100% Online application
Best For SMEs and startups in Hong Kong, Singapore, and the BVI seeking digital payment solutions that support major currencies, with quick account opening and a dedicated account manager.	Best For Businesses of all sizes looking to expand into the US, UK, EU, Australia, Hong Kong, Singapore, Japan, Canada, and Indonesia as they can benefit from Currenxie’s local account capabilities.
Trustpilot rating ⭐⭐⭐⭐ 4.6/5 from 259 reviews	Trustpilot rating ⭐⭐⭐⭐ 4.4/5 from 127 reviews
Learn more about Statrys	Learn more about Currenxie

Statrys Overview

Established in 2019, Statrys is a Hong Kong-based financial service provider offering multicurrency business accounts, business debit cards, and company creation services to help entrepreneurs and small to medium-sized businesses navigate banking and government challenges.

Honoured with the SME Payment Solutions of the Year award in Hong Kong, Statrys is renowned for its customer-centric support that has facilitated over 2 billion in transactions and served more than 3,500 companies across 70+ countries.

Eligible countries: Hong Kong, Singapore and the BVI.
Eligible company type: Sole proprietor or trader, limited liability companies, public limited company, public listed companies, partnership, holding companies for a private individual, registered charities or foundations, and other similar structures. However, your business must not be in prohibited industries.
Licence: Statrys is licensed as a Money Service Operator license (No. 19-02-02726) in Hong Kong and as a Small Payment Institution (FRM: 911226) with the Financial Conduct Authority in the United Kingdom (FCA).
Partner bank: DBS Hong Kong

Currenxie Overview

Established in 2014, Currenxie is a financial technology company with a focus on a one-stop finance app designed to simplify global payments for businesses operating in the borderless economy. Catering to businesses of all sizes, they enable enterprises and financial providers to access Platform APIs.

Currenxie has served over 40 countries and facilitated the transfer of over USD 8 billion worldwide.

Eligible countries: Most countries, except businesses registered in the United States and those under sanctions and high risk.
Eligible company type: Most types of businesses except those registered in the US and those in prohibited industries.
Licence: Currenxie Limited is licensed as a Money Service Operator (No. 14-05-01424) in Hong Kong, an Electronic Money Institution (No.901010) in the UK, a Financial Service Provider (No.48691) in South Africa, a Foreign Money Service Business (No.M20910536) in Canada, and registered with AUSTRAC in Australia (15 621 566 309).

Business Account Features


Supported Currencies in a Multi-currency Business Account	HKD, CNY, EUR, USD, AUD, CAD, CHF, GBP, JPY, NZD, SGD	HKD, USD, EUR, GBP, JPY, CAD, AUD, NZD, RMB (CNH), SGD, CHF, DKK, NOK, SEK, and IDR.
Supported Currencies for Local Payments	HKD, CNY, EUR, USD, AUD, GBP, IDR, INR, KRW, PHP, SGD, THB, TRY, and VND.	HKD, USD, EUR, GBP, IDR, AUD, CAD, MXN, INR, THB, VND, ZAR, PHP
International Payments (SWIFT)
Real-Time SWIFT Payment Tracking		One account number is allocated per region, with any requests for additional account numbers subject to approval.
Local Account Numbers in the US, UK, EU, Hong Kong, Australia, Singapore, Japan, Canada, and Indonesia.		Spot trades and preferred rates with a minimum transaction amount. We cannot locate information about FX fees.
FX Features	Spot & forward service with FX fees at 0.15%	Spot & forward service with a 0.1% FX fee for USD/HKD. For other currency pairs, FX fees start at 0.4%.
Accounting Software Integration
Connect to Marketplace and Payment Processing (e.g. Shopify, Stripe, and PayPal)
Primary Pros	• Information and support are easily accessible to both potential and existing customers. • Support real-time SWIFT payment tracking	• Eligible in many countries except the US and sanctioned territories • Offer local currency account numbers
Primary Cons	• Eligible only for companies registered in Hong Kong, Singapore, and the BVI	• Potential customers have limited contact points, including only the help centre and online form.

Business Account Fees


Account Opening Fee	Free*	Free
Account Monthly Fee	Free (if 5 or more outgoing transfers made in the month)	Free
Receive Local Payments	Free	USD 0.75 (equivalent to around HKD 5.8)**
Send Local Payments	HKD 5 for local payments in Hong Kong not exceeding HKD 500,000, otherwise, HKD 25 HKD 25 to HKD 50 Local Payment in specific countries	USD 3 (equivalent to around HKD 23.5)**
Receive International Payments (SWIFT)	HKD 60	USD 8 per transfer (equivalent to around HKD 62.7)**
Send International Payments (SWIFT)	HKD 85	USD 8 per transfer (equivalent to around HKD 62.7)**

*Excluding companies not registered in eligible countries, those with complex shareholding structures, and those with high-risk business profiles.

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

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.

Card Features and Fees


Card type	Physical and virtual Mastercard® debit card	Physical and virtual Visa debit card
Cards per Account	Unlimited cards per account However, each cardholder is limited to 1 physical card and up to 4 virtual cards.	One
Base Currency	HKD	HKD
Real-Time SWIFT Payment Tracking
Card Fee	Free for the first physical card and for all virtual cards Each additional physical card costs HKD 48 per month.	Free
ATM Withdrawal Fee	1.99%	2%
Foreign Transactions Fee	1.5%	1.95%
Foreign Transactions Rate	based on Mastercard® rate	based on Visa rate
Primary Pros	• Employee card issuance feature • Unlimited cards per account • Lower fees	• Offerings related to Visa partners such as Office 365 and WeWork. • Cashback benefit
Primary Cons	• No reward program • No cashback	• Only one car per account, which means employee cards are currently unavailable. • The Currenxie card is available only to businesses registered in Hong Kong.

💡 Looking for options for credit cards? Find out about the best credit cards in Hong Kong.

Customer Support


Card type		Currenxie claims they offer personal client support for Global Account holders, but details are not provided.
Communication Channels	Website, Email, Phone, WhatsApp, WeChat	Help centre, Query forms
Working Hours	9 a.m. to 7 p.m. Hong Kong Time Monday to Friday (except on public Hong Kong holidays)	We cannot find specific information on Currenxie’s website.
Response Time	Around 3 minutes, though this may vary based on the complexity of the inquiry. Messages received outside of regular working hours will receive a prompt response via email on the following working day.	Although we cannot find specific information, our observations of reviews indicate response times range from minutes to within 24-48 hours.

Open a Business Account with Statrys

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

FAQs

Can I open both a Statrys business account and a Currenxie business account?

Yes, you can open both a Statrys business account and a Currenxie business account if you find that their services cater to your needs. Maintaining multiple business bank accounts can assist with bookkeeping, fund allocation, and ensuring cash flow continuity, particularly if one account encounters issues.

What are the key differences between Currenxie and Statrys?

Disclaimer

More info

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.