Providers · Business accounts

Wallex

Wallex

1 plan in our database · licensed as MPI, MSO, MSB

Data last verified: 21 August 2026

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Independent data. Every figure below comes from Wallex's published pricing, checked by hand - never from a sales deal. Missing fees show as “n/a” and are never counted as free. Methodology · Spotted an error? Tell us

Plans & fees

PlanTypeMonthly feeSetupFX feeSWIFT out
Business AccountbusinessFreeFreen/an/a

* Some FX rates are “from” or “up to”. ⚠ “from” = starting price (variable pricing) - the final fee depends on your profile. “Bespoke” = custom pricing on request. Compare across providers on the fee tables.

What you get

SWIFTMulti-currency

Hold up to 13 currencies · local account details in EUR, GBP, IDR, MYR, PHP, SGD, USD, VND.

Regulation

Regulated or registered in Singapore, Hong Kong SAR China, Indonesia, Malaysia.

Regulators: Monetary Authority of Singapore · Customs and Excise Department Hong Kong · Bank Indonesia · Bank Negara

In the fine print

Conditions from Wallex's own terms, pricing pages and acceptable-use policy that don't fit in a table. Read in full and checked by hand.

Pricing

  • Transaction pricing is quote-based rather than published upfront.

Limits

  • There is no minimum and no maximum on what a Wallex collection account can receive. Outgoing payments do have a maximum, and it changes from currency to currency.
  • The per-transaction ceiling depends on the rail: IDR 1,000,000,000 on SKN and RTGS, IDR 250,000,000 on BI-FAST.

Payments & transfers

  • Payments to and from Myanmar are paused until further notice because the country's banking system is offline.
  • Vietnamese dong moves over local bank transfer, as well as SWIFT.
  • Malaysian ringgit moves over DuitNow, IBG and RENTAS, as well as SWIFT.
  • Singapore dollars move over local bank transfer and PayNow, as well as SWIFT.
  • Philippine pesos move over local bank transfer, as well as SWIFT.
  • Indonesian rupiah moves over BI-FAST, SKN and RTGS, as well as SWIFT.

Cards

  • Wallex issues no payment cards.

Countries & residency

  • The collection and multi-currency (hold) account is available to Singapore customers only; customers in Hong Kong and Indonesia use the Global Account product instead.

Sanctions

  • Customers using a US- or UK-based collection account are subject to a stricter prohibited-country list that also blocks Kazakhstan and the Crimea, Donetsk, Luhansk, Kherson, and Zaporizhzhia regions of Ukraine.

Company ownership

  • Wallex is the business-to-business cross-border payments and FX unit of M-DAQ Global, operating through its Singapore entity M-DAQ Payment Solutions Pte. Ltd.

Licence & regulation

  • Holds a Major Payment Institution licence with the Monetary Authority of Singapore (PS20200433), a Hong Kong Money Service Operator licence (HKCE19-12-02935), an Indonesia Funds Transfer Provider licence with Bank Indonesia (20/235/DKSP/83), and a Malaysia Money Service Business class B licence with Bank Negara (00569).

Rewards

  • No interest is paid on account balances.

Will Wallex actually accept you?

Acceptance depends on where your company is registered, where its owners live, where your money flows - and your sector. The wizard checks Wallex's published rules on all of them, and shows you the alternatives too.

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