Brex Banking vs Airwallex
Choose Brex Banking if your priority is a US business account combining checking, treasury and an FDIC-eligible cash sweep; choose Airwallex if you need to collect, hold and pay in multiple currencies. Both offer corporate cards, expense management and bill pay, so the deciding question is how your business needs to manage its cash.
Last updated November 1, 2026.
At a glance
| Dimension | Brex Banking | Airwallex |
|---|---|---|
| Account currencies | US business checking with Treasury and Vault | Collect and hold 20+ currencies |
| Cash protection | Vault: up to $6M FDIC coverage; Treasury fund: not FDIC-insured | Yield fund: not FDIC-insured; account funds safeguarded |
| International transfers | Payments in 30+ local currencies | Local transfers to 120+ countries; SWIFT to 200+ |
| Online payment acceptance | Not published | Online cards and local payment methods |
| Yield option | Treasury money market fund; no minimum deposit | USD Yield money market fund; rates vary by plan |
| Plans and pricing | Essentials $0/user/month; Premium $12/user/month; Enterprise custom | Explore $0/user/month; Grow $12/user/month plus platform fee; Accelerate custom |
| Transfer and FX fees | No Brex-issued ACH or wire fees; FX conversion applies | FX markup and transaction fees apply; SWIFT $15–$25 |
| Corporate cards | Global cards with spend controls | Unlimited multi-currency corporate cards |
| Billing tools | Invoicing and bill pay | Invoicing, subscriptions and bill pay |
| Accounting integrations | Accounting integrations; customizable ERP integrations on Premium | Xero and QuickBooks; NetSuite on Grow |
| Spend-user limits | Not published | Explore: 10 free Spend users; Grow: up to 250 |
| Support | 24/7 support; named account manager on Enterprise | Help Centre and in-app support; dedicated account manager on Accelerate |
Scroll the table sideways to compare each row.
Which should you choose?
Choose Brex Banking if
- US businesses seeking checking, treasury and a cash sweep in one account
- Teams prioritizing FDIC-eligible coverage for cash held in a vault
- Companies that regularly send same-day ACH payments
- Startups that want business banking alongside cards and spend controls
Choose Airwallex if
- Businesses collecting and holding funds in multiple currencies
- Teams making frequent international transfers
- Online sellers that need payment acceptance and subscriptions
- Companies seeking multi-currency corporate cards
The verdict
Brex Banking is the better fit for a US-focused company that wants checking alongside a yield-earning treasury option and a separate vault with up to $6 million in FDIC coverage. Airwallex is the better fit when multi-currency accounts, international transfers and online payment acceptance are central to operations. Neither product's money market fund is FDIC-insured.
Brex Banking vs Airwallex: common questions
- Should a US startup choose Brex Banking or Airwallex?
- Brex Banking fits a US startup prioritizing checking, treasury, an FDIC-eligible vault and same-day ACH. Airwallex fits a startup that needs multi-currency accounts, international transfers or online payment acceptance.
- Can Brex Banking and Airwallex both hold multiple currencies?
- Airwallex says its business accounts can collect and hold funds in more than 20 currencies. Brex describes its business account as checking, Treasury and Vault, and separately offers payments in more than 30 local currencies.
- Are funds with Brex Banking or Airwallex FDIC-insured?
- Brex says funds in its Vault are eligible for up to $6 million in FDIC coverage through program banks; its Treasury money market fund is not FDIC-insured. Airwallex says investments in its Yield fund are not FDIC-insured and describes its business account funds as safeguarded.
- Do Brex Banking and Airwallex have free plans?
- Brex lists Essentials at $0 per user per month. Airwallex lists Explore at $0 per user per month with up to 10 free Spend users. Transaction charges and paid-plan fees may apply.
- Which is more suitable for international payments?
- Airwallex is the more direct fit for businesses that need to collect and hold multiple currencies and make local transfers to more than 120 countries. Brex offers payments in more than 30 local currencies.
- Can either product accept online customer payments?
- Airwallex publishes online card and local-payment-method acceptance, alongside invoicing and subscription tools. Brex publishes invoicing for its business account but does not list an online checkout product there.
- What integrations do Brex Banking and Airwallex offer?
- Brex lists accounting integrations on Essentials and customizable ERP integrations on Premium. Airwallex lists Xero and QuickBooks on Explore, with NetSuite and Dynamics 365 Business Central on Grow.
- Does either product offer yield on business funds?
- Both offer a money market fund option: Brex through Treasury and Airwallex through Yield. Returns are variable, and neither fund is FDIC-insured.
