Airwallex is a good fit if you want to hold money in many currencies. Bancoli is built for businesses that get paid in US dollars, want free FX in 25+ currencies, and want to control their own funds.
Airwallex figures retrieved 28 October 2026. Airwallex is a trademark of its owner. This page is an independent comparison, not affiliated with Airwallex.
Currencies with no Bancoli FX markup
AED 0%
ARS 0%
AUD 0%
BRL 0%
BWP 0%
CAD 0%*
CLP 0%
EUR 0%
GBP 0%
GHS 0%
HKD 0%
IDR 0%
INR 0%
JPY 0%*
KRW 0%
MWK 0%
MXN 0%
MYR 0%
NGN 0%
PEN 0%
PHP 0%
SGD 0%
THB 0%
UGX 0%
VND 0%
ZMW 0%CAD and JPY at 0% apply to registered businesses. Check the pricing page for the full list.
Airwallex converts at the interbank rate and adds a markup. Its US fee schedule lists 0.5% for major currencies like EUR, GBP and AUD, and 1% for all others, including BRL and MXN.
Bancoli has free FX built in on 25+ currencies, and all five of those are on the list. You get the real interbank rate with no Bancoli markup.
Airwallex figures are from its US fee schedule (last updated 19 October 2026) and its US pricing page, retrieved 28 October 2026.
0.5%
Airwallex, major currencies
1%
Airwallex, all other currencies
0%
Bancoli, 25+ listed currencies
Illustrative payment routes. Availability depends on recipient and location.
Free FX is built in. Listed currencies convert at the real interbank rate with no Bancoli markup, up to your plan's monthly FX allowance ($850 on Free, $8,500 on Plus). The pricing page lists every currency and the fee above the allowance.
Even the Free plan comes with named US dollar account details. Customers pay you by ACH, RTP, US domestic wire or stablecoins. Details are in your business's legal name. Solopreneurs can have them in their personal name.
Your dollars sit in your Smart USD wallet as eligible USDC, USDi or USDT, all fully backed. It is not a deposit and is not FDIC-insured. You control your funds. Bancoli does not own or control them.
Airwallex Explore and Bancoli Free both cost $0 a month. Bancoli Free includes $850 of FX a month at 0%. Above that, a fee applies (see bancoli.com/pricing). Airwallex figures retrieved 28 October 2026.
$0 a month on Explore
From the Airwallex US pricing page and US fee schedule (last updated 19 October 2026), retrieved 28 October 2026. Other fees may apply.
$0 a month on Free
Bancoli fees from bancoli.com/pricing. Receiving over ACH or RTP has its own fee on some plans.
| Job | Airwallex | Bancoli |
|---|---|---|
| Best for | Airwallex Businesses that hold and spend money in many currencies | Bancoli Businesses that get paid in US dollars and pay people abroad |
| Getting paid | Airwallex Local account details in 20+ currencies, with payments from 70+ countries | Bancoli Named USD details on every plan. ACH, RTP, US domestic wire or stablecoins |
| Where money sits | Airwallex In your Airwallex account. Airwallex says it holds customer money with leading financial institutions | Bancoli In your Smart USD wallet, as fully backed USDC, USDi or USDT that you control |
| Currency conversion | Airwallex Interbank rate plus 0.5% on major currencies and 1% on the rest | Bancoli Free FX in 25+ currencies, within your plan's monthly allowance |
| Paying suppliers | Airwallex Local transfers to 120+ countries and SWIFT to 200+ | Bancoli Payouts in 40+ currencies |
| Keeping records | Airwallex Bank feeds sync with Xero and QuickBooks. Create and send invoices | Bancoli Create, send and track invoices |
| Signing in and approvals | Airwallex Approval workflows, user permissions and MFA on each transfer | Bancoli Password, MFA, a physical passkey and social sign-in protect your wallet. You approve payments with MFA |
| Other currencies | Airwallex Hold balances in 20+ currencies | Bancoli US dollars and stablecoins only. No balances in other currencies today |
bancoli.com/pricing has current Bancoli fees. Airwallex figures are from its US pricing page and US fee schedule, retrieved 28 October 2026. Fees change, so check both sites before you switch.
Open a free Bancoli account, get named USD details, and convert with free FX in 25+ currencies.
See how the Smart USD wallet worksStablecoins in your self-custodial wallet are digital assets, not bank deposits, and are not FDIC-insured. Services, fees and availability depend on your jurisdiction and applicable program terms. Banking and money-movement services are provided through regulated providers, including Bancoli’s affiliated chartered bank.