Business accounts / Australia
Two bank accounts and two global platforms protect money differently.
CommBank and NAB directly issue the cited Australian business transaction deposits. Airwallex and Wise provide payment, currency and operating tools under different regulatory and protection structures. A cash-taking retailer, a domestic consultancy and a global agency can therefore reach different decisions without any product becoming the universal best account.
Direct answer
Choose the operating job before the monthly fee.
Start with CommBank or NAB when the business needs a direct Australian deposit, branch escalation, cash or cheque handling and ordinary domestic banking. Start with Airwallex or Wise when the dominant job is multicurrency receiving, conversion, international supplier payment, team cards or batch operations. Some businesses combine an ADI account with a global platform, but that adds transfer, authority, reconciliation and recovery work that must be designed deliberately.
Read the Australia market guideRead the Airwallex reviewRead the Wise reviewClassification first
A business account label can hide deposits, guarantees or a payment facility.
Account details, cards and dashboards do not make the provider, ownership or protection structure interchangeable.
Commonwealth Bank
Commonwealth Bank of Australia directly provides the cited Business Transaction Account. Its AUD 0 and AUD 10 options change assisted-transaction inclusions, not the issuing ADI. Debit cards, NetBank, CommBiz, branch and cash access remain separately governed channels.
National Australia Bank
National Australia Bank Limited directly provides the cited Business Everyday Account. The two monthly fee options differ mainly in the allowance for specified assisted, deposit and cheque activity. Ubank deposits under the same NAB licence matter to aggregation but are not the business product compared here.
Airwallex Australia
Airwallex Pty Ltd provides the Australian platform under its AFSL. Airwallex SVF Pty Ltd arranges guarantees from unnamed APRA-regulated banks over wallet balances, with GLAS holding their benefit as trustee. That structure is not a direct Airwallex bank deposit.
Wise Australia
Wise Australia Pty Ltd is a limited ADI for purchased payment facilities and holds an AFSL. Wise describes the multicurrency facility through safeguarding rather than unrestricted business banking. Wise Interest is a separate investment with capital at risk.
Verified Australia business comparison
Change the job, not the evidence.
These controls only reorder approved market records. Legal entity, product class, protection wording, source date and confidence stay fixed.
Domestic banking: Prioritises direct ADI deposits, Australian electronic payments and branch escalation.
| Provider | Product type | Market status | Legal entity | Protection model | Evidence | Compare |
|---|---|---|---|---|---|---|
| CommBankDirect Australian business deposits with electronic banking, branches and conditional cash handling. | australian adi bank business transaction and foreign currency accounts | available with business structure registration identity authority channel fee and acceptance conditions | Commonwealth Bank of Australia | Eligible deposits are held directly at Commonwealth Bank of Australia and can enter the FCS framework if activated.Business structure, authority, fee option, channel, product eligibility and FCS aggregation conditions apply. | 7 source records | |
| NABDirect Australian business banking with electronic transactions and multiple cash or cheque channels. | australian adi bank business and personal foreign currency account | available with business structure registration residency identity authority channel fee and acceptance conditions | National Australia Bank Limited | Eligible deposits are held directly at National Australia Bank Limited and can enter the FCS framework if activated.Business form, residency, registration, authority, fee option and same-ADI aggregation conditions apply. | 7 source records | |
| AirwallexGlobal collections, currencies, transfers, cards, expenses, bill pay and payment acceptance. | business finance platform with bank guarantee | available for eligible australian businesses | Airwallex Pty Ltd and Airwallex SVF Pty Ltd | Australian wallet balances use APRA-regulated bank guarantees held through GLAS rather than a direct Airwallex bank deposit.Airwallex is not a bank; plan conditions, verification, routes, pricing, guarantees and separate Yield risk apply. | 4 source records | |
| WiseMulticurrency receiving, conversion, supplier payments, cards and batch operations. | limited adi purchased payment facility and multicurrency account | available for eligible personal and business customers with product and route conditions | Wise Australia Pty Ltd | Wise Australia uses its limited-ADI purchased-payment-facility and safeguarding model, not an unrestricted business bank deposit.Verification, receiving details, currencies, routes, fees and the separate capital-at-risk Interest product apply. | 7 source records |
CommBank
australian adi bank business transaction and foreign currency accounts- Market status
- available with business structure registration identity authority channel fee and acceptance conditions
- Legal entity
- Commonwealth Bank of Australia
- Product note
- Commonwealth Bank of Australia directly provides the cited Business Transaction Account and Business Foreign Currency Account. Eligible AUD deposits can enter the FCS framework if activated, but APRA excludes foreign-currency deposits; currencies, interest, fees, authorities and payment services retain separate conditions.
- Protection model
- Eligible deposits are held directly at Commonwealth Bank of Australia and can enter the FCS framework if activated.Business structure, authority, fee option, channel, product eligibility and FCS aggregation conditions apply.
View legal and product sources
NAB
australian adi bank business and personal foreign currency account- Market status
- available with business structure registration residency identity authority channel fee and acceptance conditions
- Legal entity
- National Australia Bank Limited
- Product note
- National Australia Bank Limited directly provides the cited Business Everyday Account and a 16-currency Foreign Currency Account for eligible personal and business customers. Eligible AUD deposits aggregate for FCS purposes, but APRA excludes foreign-currency deposits; currencies, fees, authorities and payment services retain separate conditions.
- Protection model
- Eligible deposits are held directly at National Australia Bank Limited and can enter the FCS framework if activated.Business form, residency, registration, authority, fee option and same-ADI aggregation conditions apply.
View legal and product sources
Airwallex
business finance platform with bank guarantee- Market status
- available for eligible australian businesses
- Legal entity
- Airwallex Pty Ltd and Airwallex SVF Pty Ltd
- Product note
- Airwallex Pty Ltd provides eligible Australian businesses with Global Account details and wallet collection and holding in 20 or more currencies under AFSL 487221, while Airwallex SVF arranges bank guarantees over wallet balances. Yield is a separate investment product.
- Protection model
- Australian wallet balances use APRA-regulated bank guarantees held through GLAS rather than a direct Airwallex bank deposit.Airwallex is not a bank; plan conditions, verification, routes, pricing, guarantees and separate Yield risk apply.
View legal and product sources
Wise
limited adi purchased payment facility and multicurrency account- Market status
- available for eligible personal and business customers with product and route conditions
- Legal entity
- Wise Australia Pty Ltd
- Product note
- Wise Australia is an APRA-authorised limited ADI for purchased payment facilities and holds AFSL 513764. Eligible personal and business customers can hold 40 or more currencies and obtain conditional receiving details in 22; ordinary balances and the separate capital-at-risk Interest investment retain different protection states.
- Protection model
- Wise Australia uses its limited-ADI purchased-payment-facility and safeguarding model, not an unrestricted business bank deposit.Verification, receiving details, currencies, routes, fees and the separate capital-at-risk Interest product apply.
View legal and product sources
0 selected locally.No matching comparison is published
Protection map
The FCS follows an eligible deposit at an Australian-incorporated ADI.
If the Australian Government activates the Financial Claims Scheme, it generally protects eligible deposits up to AUD 250,000 per account holder per Australian-incorporated ADI. The depositor, legal capacity, product, currency, eligibility and aggregation across trading names determine the result. A company account, trust account or business name does not automatically create another limit.
CommBank and NAB are direct deposit paths in this set. Airwallex uses a guarantee and trustee arrangement; Wise uses its limited purchased-payment-facility and safeguarding framework. Those structures must not be described as ordinary customer deposits at Airwallex or an unrestricted Wise bank account. FCS and guarantee wording also does not insure business losses, payment disputes, FX movement, fraud or service availability.
CommBank
Direct Commonwealth Bank deposit, subject to FCS activation, eligibility, capacity and aggregation rules.
NAB
Direct National Australia Bank deposit, aggregated with eligible deposits under the same ADI licence.
Airwallex
Bank-guarantee benefit held through GLAS, not a direct Airwallex deposit or generic FCS promise.
Wise
Limited-ADI purchased-payment facility and safeguarding; Interest remains a separate investment.
Dated fee ledger
The same monthly fee can buy a different transaction allowance.
These observed entry points do not include every cash, cheque, paper, card, FX, Swift, acquiring, channel or third-party charge.
CommBank Business Transaction
AUD 0 or AUD 10 monthly optionElectronic transactions are free in both observed options. The AUD 10 option includes five specified assisted transactions; cash, cheques, deposits and other services remain separately defined.
NAB Business Everyday
AUD 0 or AUD 10 monthly optionStandard electronic and NAB ATM transactions are free in both options. The AUD 10 option includes fifteen specified eligible assisted, deposit or cheque actions.
Airwallex Explore
AUD 29 or conditional AUD 0 monthlyThe fee is waived under the cited monthly deposit-flow or combined-balance condition. FX, Swift, acceptance, spend users and other action charges remain separate.
Wise Business
AUD 65 business feature setupEligible sending and conversion start from 0.63%. Swift, cards, ATM, external-wallet and separate investment actions retain their own fees and conditions.
Electronic domestic business
CommBank and NAB both publish AUD 0 monthly options with free specified electronic transactions. That similarity is not a complete tie. Compare authority setup, card access, accounting feeds, NPP or PayID implementation, support channel and the exact events counted as assisted. An overdraft, dishonour, paper statement, international payment or separately contracted business channel can still add cost.
Cash or cheque business
The AUD 10 options purchase different allowances. CommBank includes five specified assisted transactions, cheques and Quick Deposits; NAB includes fifteen eligible assisted, express-deposit, coin or cheque actions. The definitions and unit prices differ. Build a twelve-month model using actual deposit channel, cash amount, coin, cheque count, branch visits and seasonal peaks rather than multiplying the monthly fee alone.
Currency-heavy business
Airwallex and Wise use separate plan and transaction structures. Airwallex publishes a conditional Explore waiver, FX markups, Swift rows, payment-acceptance fees and spend-user pricing. Wise publishes a feature setup price and route-specific conversion or sending fee. Compare the same currencies, amounts, timing, recipient destinations and final credited values at the same observation time.
Eligibility and onboarding
An online checklist is not an account approval.
CommBank requests an ABN, an ACN when applicable and identity evidence, with private companies also confirming directors, beneficial owners or trustees. NAB's observed online route covers specified sole traders, partnerships, Australian private-company directors and trustees, with Australian residence or tax-residence and active registration conditions. More complex structures, authorities or verification results can require a different channel or additional documents.
Airwallex and Wise also verify the legal entity, representative, beneficial owners, activity, funding and intended use. A business may be registered in Australia yet remain ineligible for a product, card, currency, receiving detail, payment route or industry. Providers can ask for more evidence, delay or decline onboarding, hold a payment or close an account under law and risk controls. NeobankDB did not submit an application and does not infer approval from a public form.
- 01Confirm entity type, ABN or ACN, registration and trading names.
- 02Map directors, trustees, beneficial owners and account authorities.
- 03Screen industry, client-money, sanctions and acceptable-use restrictions.
- 04Identify electronic, NPP, PayID, direct-entry, cash, cheque, card and FX needs.
- 05Review the current agreement, fee option and protection before funding.
Operational fit
Australian payment rails and account channels are separate decision rows.
NPP, PayID and BECS market context never proves customer access, limits, cutoffs, fees or recovery at a named provider.
Electronic payments
CommBank and NAB include defined electronic transactions in both compared fee options. Airwallex and Wise provide conditional local and international transfers through supported routes. Identify account ownership, direction, currency, file or interface, fee, cutoff and expected posting before relying on any electronic label. A free transaction row does not prove real-time delivery, unlimited value or reversibility.
NPP, PayID and Osko
Australia's NPP supports real-time payment services and PayID provides an addressing layer, while Osko is a service delivered over the platform. Market infrastructure does not prove that each account supports every payment direction, message, limit or recovery process. NAB's fee guide includes Osko and other NPP payments within its electronic definition, but customer availability and controls still apply. CommBank and global-platform support needs its own current product evidence.
Direct entry and batch files
BECS remains relevant to direct credits and debits while the industry plans migration over time. Airwallex lists ABA batch transfers and Wise lists batch payments, but file format, approval, currency, value date, return and recipient requirements differ. CommBiz, NAB Connect or other business channels can use additional agreements and pricing. Never infer permanent support from a national rail description.
Cash, cheque and branch
CommBank and NAB are the evidenced paths when physical deposits or branch escalation matter. The channel is not automatically free: model over-counter, Post Office, ATM, express deposit, Quick Deposit, cash handling, coin and cheque components separately. Airwallex and Wise should not be treated as Australian cash-deposit substitutes merely because they issue cards or local account details.
Currency and international wires
Airwallex and Wise are the stronger scoped candidates for recurring multicurrency work. Airwallex lists FX markups and Swift transfer rows; Wise calculates a route-specific fee and uses fixed receiving charges for selected Swift currencies. CommBank and NAB also offer separately governed international services. Compare funding, intermediary deductions, conversion, delivery mode and final credited amount rather than the advertised rate alone.
Cards, authority and support
A debit or corporate card is an access instrument, not a new deposit or guarantee. Record the issuer, funding balance, authorised holder, merchant category, foreign use, limits and dispute path. Team administrators should apply least privilege and revoke access promptly. Preserve payment references and status before retrying a failed transfer. Published support channels do not establish response time, resolution quality or reimbursement, and NeobankDB did not test support.
Decision walkthroughs
Six Australian businesses can choose different account stacks.
These scenarios illustrate the evidence model and do not predict eligibility or provide personalised financial advice.
Online consultant paid in AUD
Compare the AUD 0 CommBank and NAB options using actual electronic payments, card needs, accounting integration and preferred support. If assisted activity is rare, a monthly allowance may not save money. Confirm the legal account name and authority design before invoicing, then keep another recovery route appropriate to the business's continuity plan.
Retailer depositing notes and coins
Start with the two direct ADIs and price the physical workflow. NAB may suit frequent eligible actions through its fifteen-transaction allowance, while CommBank's branch, Post Office and deposit channels may fit a different location pattern. Count coin, cheques, cash value, staff time, transport, insurance and seasonal peaks. Airwallex and Wise are not evidenced cash-deposit replacements.
Agency billing clients overseas
Compare Airwallex and Wise for receiving details, currencies, conversion, supplier payments, batch tools, cards and accounting feeds. Keep a direct ADI account if domestic tax, payroll, cash, lending or operational continuity requires it. Price transfers between the systems and reconcile ownership carefully; adding an international platform does not remove bank-transfer work.
Company accepting online cards
Airwallex includes payment acceptance in its broader platform, while CommBank, NAB and Wise payment-acceptance products require their own exact disclosures. Merchant acquiring remains distinct from the operating balance. Compare acceptance rate, fixed fee, currency, settlement, reserve, refund, chargeback, fraud tooling, equipment and integration before treating any deposit-account fee as the cost of card processing.
Distributed team issuing cards
Airwallex has the strongest approved expense and approval emphasis in this set, while Wise supports conditional team cards and batch payments. Compare users, card issue, approval layers, receipt capture, accounting sync, FX and dispute terms. CommBank and NAB also have separate card and business-channel products, but this page does not infer their features from the transaction account alone.
Entity holding more than AUD 250,000
A generic comparison cannot allocate treasury money. Identify the legal account holder, capacity, eligible product, Australian-incorporated ADI and total eligible deposits across its trading names. NAB and Ubank, for example, share the NAB licence. Airwallex guarantees and Wise's payment-facility structure are not additional direct-deposit FCS limits. Obtain current statements and professional treasury advice before changing a large balance.
Approved evidence
Every material conclusion keeps its Australian source and date.
Fees, eligibility, guarantees, protection, routes and payment methods require launch-time and material-change reverification.
CommBank Australia business evidence
CommBank is displayed as australian adi bank business transaction and foreign currency accounts.
- Commonwealth Bank of Australia directly provides the cited business transaction deposit account with AUD 0 or AUD 10 monthly fee options.
- Electronic transactions are listed without a fee, while assisted transactions, cheques, Quick Deposits, cash handling and other services have separate inclusions or charges.
- Online opening requests business registration and identity information and can require directors, beneficial owners or trustees to verify; a public checklist does not guarantee approval.
- The AUD 0 option includes no assisted transaction, cheque or Quick Deposit allowance; the AUD 10 option includes five specified assisted actions.
- The current table lists free electronic transactions and Australian CommBank ATM cash withdrawals but separate cheque, Quick Deposit, assisted, cash-handling and international charges.
- Current terms, transaction channel, account option and customer state control instead of a generic fee-free description.
- The current terms distinguish transaction-account fee options, access methods, authorities, cash handling, cheques, overdrawing, statements and account operation.
- A business debit card, NetBank or CommBiz access does not change deposit ownership, authority or FCS eligibility.
- The live account terms, banking-service terms and current fee schedule must be read together before opening or transacting.
- CommBank documents a business-only direct foreign-currency account that can hold, send and receive most freely convertible currencies without converting each payment to Australian dollars.
- The current product page lists no monthly account fee and conditional interest for selected currencies; payment, cash, conversion, correspondent and wholesale credit-deposit charges remain separate.
- Eligibility includes business use, an eligible CommBank AUD account and applicable ABN, ACN, ASIC registration and entity conditions.
- The terms effective 6 March 2026 identify Commonwealth Bank of Australia as issuer and govern personal and business foreign-currency account operation.
- Account authorities, deposits, withdrawals, interest, debit balances, fees, conversion, statements, holds and closure remain subject to the exact account and instruction.
- The direct-ADI product label does not create FCS coverage for a foreign-currency balance because APRA excludes foreign-currency deposits from the scheme.
- APRA states that eligible deposits are protected up to AUD 250,000 for each account holder at each Australian-incorporated authorised deposit-taking institution if the Australian Government activates the Financial Claims Scheme.
- Coverage depends on the exact ADI, account holder, eligible account and aggregation across banking businesses operated under the same licence.
- Foreign-currency deposits and funds at non-ADI institutions are not covered by the general deposit statement.
- The register updated 1 July 2026 lists Bendigo and Adelaide Bank Limited, National Australia Bank Limited and Wise Australia Pty Ltd among Australian ADIs.
- Wise's authorisation is a purchased-payment-facility ADI authorisation and must not be rewritten as an unrestricted retail-bank licence.
- A trading name or product inherits no separate licence; the exact issuing entity and protection conditions remain required.
NAB Australia business evidence
NAB is displayed as australian adi bank business and personal foreign currency account.
- National Australia Bank Limited directly issues the cited Business Everyday deposit account with AUD 0 and AUD 10 monthly fee options.
- Both options list standard electronic and NAB ATM transactions without a fee; the AUD 10 option includes fifteen specified eligible assisted, deposit or cheque transactions.
- Online eligibility includes specified Australian business structures, residency or tax-residency, active registration and identity evidence, subject to verification and acceptance.
- The current guide separates monthly account service fees from banker-assisted, express deposit, coin, cheque, card, electronic, channel and international charges.
- The AUD 0 Business Everyday option has no monthly assisted-transaction allowance; the AUD 10 option provides fifteen specified eligible transactions before overages.
- NAB Connect, Direct Link, merchant, foreign-currency and other services can have additional schedules and are not inferred as included.
- The terms govern NAB Business Everyday and related business accounts, authorities, operation, payments, closure and product-specific conditions.
- Business structure, account authority, access channel and current disclosure determine who can operate the account and which service terms apply.
- A product label or online application path does not prove approval, authority, transaction support or protection for a customer-specific case.
- NAB documents a direct foreign-currency transaction account in 16 listed currencies that can receive and send supported foreign currencies without immediate conversion to Australian dollars.
- The page lists no opening fee, monthly account fee or minimum ongoing balance; holding, payment, conversion, correspondent and transaction charges remain subject to the current terms and fee guide.
- Personal customers apply through a branch and business customers through a banker; currency availability, identification and approval remain conditional.
- The terms effective April 2026 govern NAB's onshore Foreign Currency Account and explain account operation, instructions, interest, fees, exchange, changes, suspension and closure.
- Foreign-currency values can move against Australian dollars and transaction execution can depend on cut-off times, correspondents, sanctions, available balance and account authority.
- The product is a direct NAB account, but APRA states that foreign-currency deposits are outside the Financial Claims Scheme.
- APRA states that eligible deposits are protected up to AUD 250,000 for each account holder at each Australian-incorporated authorised deposit-taking institution if the Australian Government activates the Financial Claims Scheme.
- Coverage depends on the exact ADI, account holder, eligible account and aggregation across banking businesses operated under the same licence.
- Foreign-currency deposits and funds at non-ADI institutions are not covered by the general deposit statement.
- The register updated 1 July 2026 lists Bendigo and Adelaide Bank Limited, National Australia Bank Limited and Wise Australia Pty Ltd among Australian ADIs.
- Wise's authorisation is a purchased-payment-facility ADI authorisation and must not be rewritten as an unrestricted retail-bank licence.
- A trading name or product inherits no separate licence; the exact issuing entity and protection conditions remain required.
Airwallex Australia business evidence
Airwallex is displayed as business finance platform with bank guarantee.
- Airwallex describes a business-only platform for eligible Australian organisations with multicurrency collection, transfer, card, payment and accounting features.
- Onboarding, entity type, ABN, currencies, destinations and individual features remain subject to verification and product conditions.
- The business-account label does not make Airwallex a bank or make Yield a deposit.
- The Explore plan was listed at AUD 29 per month or AUD 0 when the cited deposit-flow or wallet-balance condition is met; Grow was AUD 99 per month when observed.
- FX, transfers, payment acceptance, spend users and other transaction or product charges remain separate.
- Yield return figures are investment snapshots net of cited fees, carry capital risk and are not bank-deposit rates.
- Airwallex SVF Pty Ltd arranges bank guarantees from unnamed APRA-regulated banks over wallet balances.
- GLAS is the independent trustee holding the benefit of the guarantees for customers and may receive claims if Airwallex cannot repay due to insolvency.
- The bank-guarantee structure is not presented as a direct customer bank deposit or a blanket Financial Claims Scheme claim.
- Airwallex lists business Global Accounts with local bank details and wallet collection and holding in 20 or more currencies, plus conversion, local payout, Swift and corporate-card capabilities.
- The observed Explore price is AUD 29 monthly or AUD 0 when the stated monthly deposit-flow or combined-balance condition is met; FX, Swift and other transaction charges are separate.
- Global Account details feed an Airwallex wallet protected under the separate cited bank-guarantee structure; the details are not direct customer deposits and Yield is a separate investment.
Wise Australia business evidence
Wise is displayed as limited adi purchased payment facility and multicurrency account.
- Wise identifies Wise Australia Pty Ltd as ASIC-regulated under AFSL 513764 and APRA-authorised as a limited ADI for purchased payment facilities.
- Wise Australia is also an AUSTRAC reporting entity; Wise Australia Investments Pty Ltd is a separate AFSL entity for investment products.
- The limited PPF authorisation and a separate investment affiliate must not be rewritten as an unrestricted bank-deposit product.
- Wise lists personal and business transfers, currency holding, receiving details, card access and a separate Interest feature for eligible Australian customers.
- Availability counts and global coverage claims do not establish every currency, route, payment method or customer as eligible.
- Interest is an investment option with capital at risk and growth not guaranteed.
- Wise describes one multicurrency account with card and receiving-detail features rather than multiple bank accounts.
- It says customer money is protected through safeguarding rather than classic bank-account compensation schemes.
- Australian AUD receiving details are not described as a bank account and product-specific receiving restrictions apply.
- Wise Business supports conditional multicurrency receiving, holding, conversion, payments, cards, batch payments and team workflows for eligible Australian businesses.
- Wise Australia Pty Ltd provides the payment facility under its Australian regulatory permissions rather than as an unrestricted direct business bank account.
- Business verification, currencies, receiving details, cards, recipients, limits, investment features and support remain product- and customer-specific.
- The current page lists AUD 65 for all business features and receiving details, with sending and conversion fees starting from 0.63% on eligible routes.
- Holding ordinary supported currencies and eligible domestic receiving are listed without a fee; Swift, card, ATM and external-wallet actions retain separate pricing.
- Wise Interest is a separate capital-at-risk investment with its own annual fee and must not be presented as a guaranteed business deposit return.
- Wise lists ordinary holding in 40 or more supported currencies without a holding fee for eligible Australian customers.
- Conversion, sending, receiving, card and investment actions use separate pricing and eligibility rules; a supported holding currency does not imply local receiving details.
- The ordinary Wise balance is a purchased-payment-facility balance under Wise Australia's limited-ADI scope, not a conventional customer bank deposit.
- Wise lists account details for receiving 22 currencies, with eligible domestic receipts free in listed currencies and separate fixed fees for certain Swift receipts.
- A receiving detail's rail, supported sender, reference, intermediary fee and route depend on the currency-specific instructions shown in the account.
- The receiving detail and Wise balance remain payment-facility features and must not be presented as a direct deposit at the bank that provides a rail.
Australia protection and payment evidence
- APRA states that eligible deposits are protected up to AUD 250,000 for each account holder at each Australian-incorporated authorised deposit-taking institution if the Australian Government activates the Financial Claims Scheme.
- Coverage depends on the exact ADI, account holder, eligible account and aggregation across banking businesses operated under the same licence.
- Foreign-currency deposits and funds at non-ADI institutions are not covered by the general deposit statement.
- The register updated 1 July 2026 lists Bendigo and Adelaide Bank Limited, National Australia Bank Limited and Wise Australia Pty Ltd among Australian ADIs.
- Wise's authorisation is a purchased-payment-facility ADI authorisation and must not be rewritten as an unrestricted retail-bank licence.
- A trading name or product inherits no separate licence; the exact issuing entity and protection conditions remain required.
- The RBA describes the NPP as open-access fast-payment infrastructure with near real-time availability, 24/7 operation and richer payment information.
- The RBA's Fast Settlement Service settles NPP transactions between participating institutions in central-bank funds.
- Market infrastructure does not establish that every provider, product, direction or account supports an NPP service.
- AP+ describes PayID as an identifier linked to an eligible account and managed through participating online banking services.
- PayID payments use the NPP and can be held for security checks; participating institutions set customer access and conditions.
- A country-level PayID record does not prove a provider feature, payment limit, fee or completion time.
- The RBA describes BECS as Australia's direct-entry system for salaries, welfare and pensions plus recurring direct debits.
- Industry has communicated a target to retire BECS in favour of modern infrastructure, subject to ongoing review.
- BECS market context does not establish that every provider supports direct credits, debits or a particular processing time.
Unavailable or deliberately not inferred
- A universal best Australian business account or numerical rank.
- Application approval from a public product or document checklist.
- FCS protection for an ineligible deposit, excess amount, Airwallex wallet or Wise investment.
- The identity of Airwallex's guarantee banks or a customer-specific guarantee recovery result.
- Customer-specific payment limits, holds, FX quotes, card approvals, cash access or support outcome.
- Complete coverage of every Australian ADI, mutual bank, credit union or payment provider.