Pay like a local, globally, and earn Qantas Points on currency conversions
Reward your first FX conversion for business
Convert $10,000 AUD equivalent of FX / Earn 20,000 Qantas Points±
Convert $30,000 AUD equivalent of FX / Earn 60,000 Qantas Points±
Convert $50,000 AUD equivalent of FX / Earn 100,000 Qantas Points±
Offer ends 31 October 2023
A global payments platform, making international business payments cost-effective, simple and rewarding.
Make payments across the globe and save up to 70% compared to the big banks on conversion rates.~ Hold and spend in the same currencies to avoid unnecessary conversions.
Set up global accounts in 11 different currencies instantly, without visiting a bank branch. Make foreign currency payments in as little as one business day, with the full amount on delivery guaranteed.
Earn 1 Qantas Point on every $10AUD equivalent you convert into foreign currencies.* You can then use your points for yourself or for your team on rewards like flights, seat upgrades, hotel accommodation and more.>
Set up a virtual Visa Debit card in seconds for your business or individual employees, and pay directly with your multi-currency balance. Load the currencies you need and avoid international conversions on your online business expenses like software subscriptions or marketing.
Make international transfers
Make domestic transfers
Add team members
Add global accounts
Earn 1 Qantas Point on every $10AUD equivalent you convert on foreign currency conversions. You can then use your points for yourself or for your team on rewards like flights, seat upgrades, hotel accommodation and more.
A business must be a Qantas Business Rewards Member to earn Qantas Points for the business. A business will automatically be signed up to Qantas Business Rewards upon creation of a Qantas Business Money account for free. Membership and Qantas Points for business are offered under the Qantas Business Rewards Terms and Conditions and earning thresholds apply.
Qantas Business Money is available to small and medium sized businesses for the purpose of business transactions, and is offered as part of the Qantas Business Rewards program.
Once you submit all of the business information required for verification, verifying your account will generally be completed within 1-3 business days. During this time, the onboarding team may reach out for more information or supporting documents.
After your account is approved, you’ll be ready to go.
A Global Account works like a bank account which allows you to receive payments from SWIFT and/or local payment systems. Payments received will automatically be credited to your wallet for you to transfer out.
Given the nature of foreign exchange markets, there is no single interbank rate. The interbank rate is determined by Qantas Business Money, powered by Airwallex, having reference to live exchange rates from banking partners and market data sources, and then calculating a blended rate from those sources. The blended rate may involve calculating the weighted average of one or more exchange rates available.
We don't include a markup specific to you in the interbank rate. However, foreign exchange markets generally only operate 5 days per week, Monday to Friday. During the weekend, and other times when markets are closed or where rates are unavailable to us, an additional markup may be applied to our interbank rate to account for such situations.
Yes, your security is our number one priority.
Your funds are protected in a ring-fenced account, so you can access your funds whenever you like- they're never invested or lent to anyone else.
Qantas Business Money is powered by Airwallex. Airwallex is regulated by ASIC under an Australian Financial Services Licence.
Safeguards are also in place to fight fraud and all transactions are encrypted using an RSA key and Secure Socket Layer (SSL) encryption as provided by Airwallex.
Qantas Business Money is powered by Airwallex Pty Ltd (ABN 37 609 653 312, AFSL No. 487221). Your access to Qantas Business Money is arranged by Qantas as Airwallex’s authorised representative (No. 261363).
A business must be a Qantas Business Rewards Member to earn Qantas Points for the business. A one-off joining fee of $89.50 applies, is inclusive of any applicable GST and may be varied by Qantas from time to time, without notice, in its absolute discretion. Membership and Qantas Points for business are offered under the Qantas Business Rewards Terms and Conditions and earning thresholds apply.
*Earn 1 Qantas Point for every $10AUD equivalent of foreign currency conversions transacted through Qantas Business Money. Qantas Points will be earned on the conversion amount and conversion fee. Qantas Points will be credited to the Qantas Business Rewards account within 3 business days of the conversion being completed. Offer is limited to one per ABN. These points will be credited to the Qantas Business Rewards account in accordance with the Qantas Business Rewards Terms and Conditions.
±Eligible to Qantas Business Rewards members who have been approved as customers of Qantas Business Money and make their first foreign currency conversion for their business between 1 September 2023 and 31 October 2023 (Offer Period). Points are awarded according to the total amounts converted by the member during the Offer Period as follows: 20,000 bonus Qantas Points after converting minimum $10,000 AUD (or AUD equivalent), or 60,000 bonus Qantas Points after converting minimum $30,000AUD (or AUD equivalent), or 100,000 total bonus Qantas Points after converting minimum $50,000AUD (or AUD equivalent). Bonus points are in addition to the standard 1 Qantas Point per $10AUD (or AUD equivalent) of foreign currency conversions transacted through Qantas Business Money. Bonus points should be credited to the Qantas Business Rewards account within 3 business days after the end of the Offer Period. Offer is limited to one per ABN. These points will be credited to the Qantas Business Rewards account in accordance with the Qantas Business Rewards Terms and Conditions.
~The FX price comparison is based on comparing quoted Qantas Business Money FX rates against published USD/AUD rates of the big 4 banks in Australia (Commonwealth Bank of Australia, National Australia Bank, Westpac Banking Corporation, and Australia and New Zealand Banking Group). Learn more hereOpens external site in a new window.
^Where payments are made through Airwallex’s payment network there are no payment fees. However any payments made via the SWIFT network will still incur a payment fee from $10AUD. Click hereOpens external site for more information.
#For card transactions, you will access the Qantas Business Money interbank rates plus a small margin for the following currencies: AUD, USD, GBP, EUR, HKD, CAD, NZD, SGD, THB, JPY, CHF. For less frequently traded currencies, Qantas Business Money will use the Visa rate.
>In order to transfer Qantas Points from a Qantas Business Rewards account to an individual’s Qantas Frequent Flyer account, the business account must have a balance of at least 3,000 Qantas Points. You must be a Qantas Frequent Flyer member to earn and redeem Qantas Points. A joining fee may apply. Membership and Qantas Points are subject to the Qantas Frequent Flyer program Terms and Conditions. We recommend you consult your accountant or tax adviser to ensure you understand possible tax implications, for example fringe benefits tax (if applicable).
We acknowledge the Aboriginal and Torres Strait Islander Traditional Custodians of the land on which we work, live and fly.
We pay respect to Elders past, present and emerging.