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Airwallex VS Charity Bank: Business Banking Review & Fee Comparison


By: Ian Wright | Last Updated: May 22, 2025

Is Airwallex or Charity Bank better for your small business?



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Below we look at both Airwallex and Charity Bank reviews on Trustpilot along with their App reviews from Apple and Google.

We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.

Airwallex Homepage
Airwallex Homepage


Charity Bank Homepage
Charity Bank Homepage
 

Airwallex vs Charity Bank Trustpilot Reviews

AirwallexCharity Bank
Trustpilot Review Score (out of 5)3.93.3
Percent 5-Star Reviews67%33%
Percent 1- Star Reviews25%34%
Total Number of Reviews1,0073
Sources:
https://www.trustpilot.com/review/airwallex.com
https://www.trustpilot.com/review/charitybank.org

Airwallex vs Charity Bank App Reviews

AirwallexCharity Bank
iPhone Review Score (out of 5)3.3No Rating
Number of iPhone Reviews12No Reviews
Android Review Score (out of 5)2.3No Rating
Number of Android Reviews161No Reviews
Sources:
https://apps.apple.com/gb/app/airwallex/id1537521807
https://www.apple.com/uk/app-store/

Airwallex vs Charity Bank Account Fees & Charges

AirwallexCharity Bank
Free Business Bank AccountYesNo
Free Business Account Term Length1 monthNA
Cheapest Monthly Account FeeFree or £19/monthFree
Most Expensive Monthly Account Fee£999/monthFree
Electronic Payment Cost (in/out)20pNo
Cash Payments Cost (in/out)FreeFree
Cheques (in/out)FreeFree
CHAPS Payments CostNo£10
SEPA Payments Cost$220p

Airwallex vs Charity Bank Business Savings Rates

AirwallexCharity Bank
Types of Business Savings AccountsNoneCITR accounts, Easy Access, Notice Accounts, Fixed Account
Lowest Savings Rate (AER)NA2.02%
Maximum Savings Rate (AER)NA4.51%
Minimum Savings AmountNA£1,000
Interest Paid On Foreign CurrenciesYesNo
 

Airwallex vs Charity Bank Account Opening Times

AirwallexCharity Bank
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
15 minutesUndisclosed
Do They Check Your Credit?NoYes
Current Account Switch ServiceNoYes

Airwallex vs Charity Bank Features & Account Types

Airwallex Account Types
Airwallex Features & Account Types


Charity Bank Account Types
Charity Bank Features & Account Types


AirwallexCharity Bank
Business Current AccountYesYes
Business Savings AccountNoYes
Business Credit CardNoNo
Business OverdraftNoNo
Accounts For StartupsYesYes
Accounts For CharitiesNoYes
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableNoYes
Card TypeMastercardMastercard
Online BankingYesYes
Mobile BankingYesNo
In Person/Branch BankingNoNo
Branch LocationsNone, online onlyTonbridge

Airwallex vs Charity Bank Customer Support Options

AirwallexCharity Bank
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesNo
Web Based SupportYesYes
In person Customer SupportNoNo

Airwallex vs Charity Bank Foreign Currency Accounts

AirwallexCharity Bank
US Dollar (USD) Bank AccountsYesNo
Euro (EUR) Bank AccountsYesNo
Other Currencies Available:
  • AUD
  • NZD
  • CAD
  • HKD
  • SGD
  • JPY
  • CHF
  • KRW
No

Other Business Services From Airwallex and Charity Bank

Airwallex Account Types
Other Airwallex Services


Charity Bank Account Types
Other Charity Bank Services


AirwallexCharity Bank
Business LoansNoYes
Commercial MortgagesNoYes
Invoice FinancingNoNo
International PaymentsYesYes
Merchant Payment ServicesYesNo
Card MachinesNoNo
Free Accounting SoftwareNoNo

Airwallex vs Charity Bank Banking Basics

AirwallexCharity Bank
Bank TypeChallengerChallenger
FSCS ProtectionNoYes, up to £85,000
FCA Number900876207701
WebsiteAirwallex WebsiteCharity Bank Website

Common Comparison Questions

Does Airwallex or Charity Bank have better customer reviews?

Airwallex scores 3.9 out of 5 based 1,007 Trustpilot reviews. Of these reviews 67% are 5-star and 25% are 1-star.

Whereas, Charity Bank scores 3.3 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.

Does Airwallex or Charity Bank have a better App?

Airwallex’s iPhone App is rated 3.3 out of 5 based on 12 reviews. And it’s Android App is rated 2.3 out of 5 based on 161 reviews.

In comparison, Charity Bank’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.

Does Airwallex or Charity Bank have better business savings rates?

Airwallex offers the following types of business savings accounts: None with interest rates ranging from NA to NA. (AER)

In contrast, Charity Bank offers CITR accounts, Easy Access, Notice Accounts, Fixed Account accounts with interest rates ranging from 2.02% to 4.51% (AER).

See Other Comparisons:
Airwallex vs Cumberland Building Society
Airwallex vs Redwood Bank
Airwallex vs Amaiz
Airwallex vs ICICI Bank UK
Airwallex vs Intergiro


For other business bank accounts see our guide here.

 



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