Limitations: not all accounts accept SWIFT
There are important and somewhat confusing caveats. The accounts you get in Europe, UK and US are in your company’s name, e.g. Acme Limited. This looks very professional and respectable.
When we opened an account, the plethora of accounts available in Hong Kong had the characters ACC- in front of the name, so the account holder’s name becomes ACC-Acme Limited. This will undoubtedly confuse many a bookkeeper, and if they don’t get the recipient’s name exactly right when paying your invoices, the transfers will be rejected or possibly even lost. Airwallex has now informed us this issue is sorted – new accounts will not get the ACC naming.
Another issue to keep in mind is how much the transfer methods vary by bank and country.
Your USD account in New York is wonderful; it can handle domestic ACH and Fedwire transfers as well as international SWIFT. However, while the account in the United Kingdom happily accepts domestic Faster Payments Transfers, CHAPS and BACS, it does not take SWIFT.
Your account in Germany is good for SEPA payments, but not for international SWIFT transfers. If you ask the support team nicely, though, Airwallex might open another EUR account for you elsewhere that actually supports SWIFT.