Updated September 28, 2026 · VaultCue Editorial Team
Airwallex vs Toss Bank
Airwallex
Toss Bank
Higher score in this comparison
What sets them apart
| Compare | AirwallexReviewVisitVisit | Toss BankReviewSee alternativesSee alternatives |
|---|---|---|
| Headline rate | 2.18% to 3.83% | 1% to 10%Higher |
| Rate type | Variable | Fixed |
| Access terms | Airwallex Yield: no lock-up, no minimum balance, daily returns, funds settle to and from Yield balances within 2 business days | Deposits pay interest immediately; savings allow early partial withdrawal when money is needed urgently |
| Account kind | Easy access | Fixed |
| Term | Not confirmed | 1 month |
| Minimum deposit | HK$0 | Not confirmed |
| Deposit protection | FSCS up to GBP 85,000 | Not confirmed |
| Monthly fee | HK$2,499 | Not confirmed |
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Key differences
- Toss Bank scores higher overall: 9.6 vs 8.6.
- Airwallex is licensed in 4 more countries.
- Airwallex is available in 68 more countries.
- Headline rate is higher at Toss Bank: 1% to 10% vs 2.18% to 3.83%.
- Support channels: only Toss Bank offers Phone, Chat.
Our verdict on each
Airwallex
Airwallex Yield suits businesses that want idle operating cash to earn a variable rate without tying it up. The Hong Kong account charges a monthly fee of HKD 2,499 on top of a 2.18% to 3.83% rate, and the account is easy access, so the balance stays reachable.
Toss Bank
Toss Bank is a Korean bank for people who hold money in several currencies and want to keep conversion costs down. It suits fixed-rate savers drawn to a headline rate of 1% to 10%, and cross-border users who face a currency conversion fee of 0% on the FX account.
Score breakdown
| Area | Airwallex | Toss Bank |
|---|---|---|
| Cost | 8.8A monthly fee of HKD 2,499 sits above the €449 highest fee in the comparison, offset by a HKD 0 minimum. | 9.6HigherFree transfers and certificate issuance on the savings account, with a cost score of 8. |
| Offer | 8.5 | 9.6Higher |
| Trust | 8.5 | Not confirmed |
The bill, worked out
10,000 saved for 12 months
Airwallex
218 to 383
2.18% to 3.83% of 10,000
Toss Bank
100 to 1,000
1% to 10% of 10,000
Toss Bank comes out 617 higher in this example.
Excludes monthly fee (not stated by Toss Bank). Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Sources behind this comparison
Airwallex
- airwallex.com: 7 facts, checked September 26, 2026
- help.airwallex.com: 2 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
- register.fca.org.uk: 1 fact, checked September 26, 2026
Toss Bank
- tossbank.com: 9 facts, checked September 26, 2026
How they place
| Ranking | Airwallex | Toss Bank |
|---|---|---|
| Savings accounts | 3 of 1420 | 59 of 1420 |
| Money transfer services | 1 of 1564 | 44 of 1564 |
| Multi-currency accounts | 3 of 348 | 21 of 348 |
Every fact side by side
| Fact | Airwallex | Toss Bank |
|---|---|---|
| Pricing model | Not confirmed | Low FX |
| Legal entity | Airwallex Capital Hong Kong Limited | Toss Bank Co., Ltd. (Toss Bank Co., Ltd., business registration number 462-86-01671) |
| Headquarters | Singapore | South Korea |
| Founded | 2015 | Not confirmed |
| Support channels | Email, Help centre | Phone, Chat, Email, Help centreCovers more |
Money transfer
| Fact | Airwallex | Toss Bank |
|---|---|---|
| Transfer fee | Explore plan: $0 domestic (US/Canada) local transfer, $1-$7 per international local transfer, $15 SWIFT (SHA), $25 SWIFT (OUR) | Free: transfers and certificate issuance are completely free, up to KRW 1 billion per transfer |
| Exchange rate markup | 0.5% to 1% | Not confirmed |
| Delivery time | As little as 1 business day; 90%+ of transfers arrive same day | Usually within a few hours; may be delayed on weekends and public holidays |
| Payout methods | Bank | Bank, Cash pickupCovers more |
| Currencies | from 20 | 17 |
| Fee to send 1,000 | $1 | Not confirmed |
Everyday accounts
| Fact | Airwallex | Toss Bank |
|---|---|---|
| Currency conversion fee | Not confirmed | 0% |
| Audience | Business | Not confirmed |
| Features | Not confirmed | Free ATM |
| Free ATM withdrawals | Not confirmed | ₩30 |
Where each stands against the rest
| Fact | Airwallex | Toss Bank | Median |
|---|---|---|---|
| Headline rate | 2.18% to 3.83%above the median | 1% to 10%highest quarter | 3.25 |
| Term | Not confirmed | 1 monthlowest quarter | 24 months |
| Minimum deposit | HK$0at the median | Not confirmed | HK$0 |
| Monthly fee | HK$2,499highest quarter | Not confirmed | HK$0 |
Median across 658 listed accounts.
Pros and cons
Airwallex
Pros
- Airwallex Yield has no lock-up and no minimum balance, with returns added daily and a short settlement window on and off the balance
- A variable rate of 2.18% to 3.83% with a minimum deposit of HKD 0
- Exchange rate margins of 0.5% to 1% sit under the 2.08% upper quartile for money services here
Cons
- A monthly fee of HKD 2,499 sits well above the €449 highest fee among the business accounts compared
- Support runs on email and help centre only
- The rate is variable, so the return can move rather than being locked in for a term
Toss Bank
Pros
- Currency conversion is free on the FX account, where PayPal Colombia charges 3% to 4% and Skrill charges 3.99%.
- The FX account holds 17 currencies, ahead of the site median 5.
- Interest is paid as soon as deposits land, and the savings account allows an early partial withdrawal when money is needed urgently.
Cons
- A fixed rate over a term of 1 month means a rise in market rates is not passed on to savers.
- Cross-border transfers usually land within a few hours but can be delayed over weekends and on public holidays.
- The currency list of 17 is far short of the site maximum of 350.
Who each suits
Airwallex
Who it suits
- Businesses that keep spare cash in a easy access account and want a return without a lock-up
- Companies paying and collecting across borders, with from 20 currencies supported and margins of 0.5% to 1%
Who should look elsewhere
- Not for anyone after a card balance rate: AXI Card Tarjeta y Credito lists 21.59% and Plazo ES lists 24.19%, far above the 2.18% to 3.83% on business cash here
- Not for a consumer wallet: PayPal Colombia lists 3.3%, while this account is built for business customers with a HKD 2,499 monthly fee
Toss Bank
Who it suits
- People based in Korea who earn or spend in another currency and need to convert often, given a conversion fee of 0%.
- Savers who want a set rate of 1% to 10% for a short term rather than a return that follows the market.
- Anyone sending money overseas who wants the recipient paid into a bank account or collecting the money in cash.
Who should look elsewhere
- People who make only occasional international payments and are content with a 3% to 4% conversion fee, the rate PayPal Colombia charges.
- Users who want an e-money balance and will accept 3.99% for conversion, the fee Skrill applies.
- Anyone after a currency list built around trading, where eToro covers 5 currencies.
Current offers
Airwallex
Current offer
Bonus
Limited offer - business rewards with Airwallex AI: Up to HK$68,888
Hong Kong site offer banner linking to the 2026 Airwallex AI rewards campaign page
Source, checked September 26, 2026
Toss Bank
Current offer
First period offer
Toss Bank 31-day deposit promotional rate: Up to 10.0% p.a. (base rate 1.0% p.a.)
31-day deposit product, all rates before tax
Source, checked September 26, 2026
Country by country
| Country | Airwallex | Toss Bank |
|---|---|---|
| Australia | Yes | No |
| Austria | Yes | No |
| Belgium | Yes | No |
| Brazil | Yes | No |
| Bulgaria | Yes | No |
| Canada | Yes | No |
| Cayman Islands | Yes | No |
| China | Yes | No |
8 of 69 countries where either is available.
Questions about each
Airwallex
What rate does the balance earn?+
Airwallex Yield pays a variable rate, currently 2.18% to 3.83%. The account kind is easy access, so the money is not tied to a term. Returns are added daily, and funds settle to and from Yield balances over a short settlement window.
Is there a minimum deposit or a lock-up?+
There is no lock-up and no minimum balance, and the stated minimum deposit is HKD 0. That makes the balance easy to try with a small sum and easy to top up or draw on. Cash moves to and from Yield balances across a short settlement window rather than on a fixed term.
Toss Bank
What does it cost to convert money at Toss Bank?+
The currency conversion fee on the FX account is 0%, so exchanging between the supported currencies adds nothing to the amount sent. Transfers and certificate issuance on the savings account are free as well, which keeps the running cost of an everyday account low.
Who regulates Toss Bank?+
Toss Bank is a bank licensed in the Republic of Korea, where the Financial Services Commission is the regulator, and it is headquartered in South Korea. The legal entity behind the account is Toss Bank Co., Ltd. It is a bank account rather than an e-money or payment institution balance.
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