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Get paid like a local with Wallex Virtual Account for businesses
Streamline and simplify how you collect funds from international customers
Receive local bank payments from companies or marketplaces abroad
Businesses now can have reduced overheads by maintaining minimal number of real accounts and not worry about fund availability across all real accounts. Options to mimic in-house bank or implement centralized payment provides a greater control.
Activate your accounts in an instant
Create and assign separate accounts based on the reconciliation needs
Highly flexible and can be incorporated into a corporate treasury of any size. Wallex Virtual accounts provide an easy-to-use tools for businesses to structure and streamline existing complex physical bank accounts, data gathering for reports and accounting to achieve a lean treasury with the sole objective of doing more with less.
Talk to us to experience modern corporate FX, powered by FinTech.
Benefits of the Wallex Global Virtual Account
We have got your back
Cheaper for you
Reduce FX loss by avoiding unfavourable rates and fees imposed by Banks and save on multiple FX conversion fees, thereby maximising your net revenue and earnings.
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Cheaper for your customers
Give your client companies an easier, cheaper and faster way to pay you in their preferred currency and with their local transfer methods - without any charges on international transfers.
Reduce working capital needs
Reduce your business's working capital needs with no minimum balance requirements for the accounts and no bank charges. Centralise all collections into your Wallex Account and benefit from clear reconciliations and reporting.
Maximise cash flow
Receive payments directly into your Singapore Multi Currency Wallet, maintain liquidity in multiple currencies and choose when to make onward payments to your beneficiaries globally.
Instant and Free
No hidden fees
No account opening charges.
No minimum balances.
No overdraft penalties.
No hidden fees, period.
All this with access to the most competitive FX rates when you choose to deploy your funds.
It is as easy as 1,2,3...
1. Sign Up
Set up your Wallex Account and activate USD, EUR, GBP, IDR accounts for SWIFT and local bank channels.
2. Receive
Share relevant account numbers with your client company, marketplaces to start getting paid in these currencies.
3. Hold or Pay
Fund received reflect in your Wallex Wallet. Hold, convert, withdraw or make FX payments from your Wallet balance.
Our customers ❤️ us
Wallex allows for fast collection of funds in USD at very competitive rates! With my earlier provider we were restricted to receiving and sending payments from limited countries. Now there are no such restrictions, and I can easily send and collect payment to my clients to pay using their existing local banks. Toh Swee Siang , Aqueous Infinite Pte Ltd
WALLEX provides international remittance services and collection accounts with competitive exchange rates that meet our company’s requirements. The system is user-friendly and the Account Manager is helpful and supportive. Ascensus Capital
Ready to start with your business account?
