Open and manage global accounts in 11 different currencies to bank like a local.
Invoice in local currencies
You can automatically send invoices to your suppliers and customers in their preferred currency.
Hold multiple foreign currencies
Receive payments and spend in the same currencies across your global accounts, saving you repeated and costly conversions.
Bring your money back and save
Convert funds into your preferred currency in seconds and improve profits with bank-beating exchange rates.
Receive, hold and send funds in 11 foreign currencies
A global account is a foreign currency transaction account that allows you to receive, hold and send funds in foreign currencies. You can make and receive payments in currencies such as USD, EUR and CNY, without needing to open a bank account in the respective country.
By comparison, a regular transaction account forcibly converts funds in and out of your home currency with every transaction, incurring fees in both directions. Qantas Business Money allows your business to avoid unnecessary conversions and fees, so you can spend more on the growth of your business.
A foreign currency account can be used instead of a traditional bank account to avoid unnecessary conversions and save on everyday expenses.
You can also hold funds in a foreign currency and choose a time to convert when the exchange rate is favourable or until you really need them in your home currency.
Funds received via a Global Account are held in your wallet. Create a transfer to withdraw or send funds to another bank account. See our Creating a Transfer guide.
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 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.
*Earn 1 Qantas Point for every $1AUD equivalent of foreign currency conversions transacted through Qantas Business Money starting from 1.75% fees. Qantas Points will be earned on the conversion amount and conversion fee. Qantas Points should be credited to the Qantas Business Rewards account within 3 business days of the conversion being completed. Offer is limited to one redemption per ABN. These points will be credited to the Qantas Business Rewards account in accordance with the Qantas Business Rewards Terms and Conditions.
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We pay respect to Elders past, present and emerging.