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Airwallex VS MyPOS: Business Banking Review & Fee Comparison


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

Is Airwallex or MyPOS better for your small business?



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Below we look at both Airwallex and MyPOS 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


MyPOS Homepage
MyPOS Homepage
 

Airwallex vs MyPOS Trustpilot Reviews

AirwallexMyPOS
Trustpilot Review Score (out of 5)3.94.2
Percent 5-Star Reviews67%67%
Percent 1- Star Reviews25%11%
Total Number of Reviews1,00710,019
Sources:
https://www.trustpilot.com/review/airwallex.com
https://www.trustpilot.com/review/mypos.com

Airwallex vs MyPOS App Reviews

AirwallexMyPOS
iPhone Review Score (out of 5)3.34.2
Number of iPhone Reviews12698
Android Review Score (out of 5)2.33.3
Number of Android Reviews16114,900
Sources:
https://apps.apple.com/gb/app/airwallex/id1537521807
https://apps.apple.com/gb/app/mypos-accept-all-payments/id934401253

Airwallex vs MyPOS Account Fees & Charges

AirwallexMyPOS
Free Business Bank AccountYesYes
Free Business Account Term Length1 monthNo Limit
Cheapest Monthly Account FeeFree or £19/monthNo
Most Expensive Monthly Account Fee£999/monthNo
Electronic Payment Cost (in/out)20p£1.50
Cash Payments Cost (in/out)Free£2
Cheques (in/out)FreeUnknown
CHAPS Payments CostNoNo
SEPA Payments Cost$2£3

Airwallex vs MyPOS Business Savings Rates

AirwallexMyPOS
Types of Business Savings AccountsNoneNone
Lowest Savings Rate (AER)NANA
Maximum Savings Rate (AER)NANA
Minimum Savings AmountNANA
Interest Paid On Foreign CurrenciesYesNo
 

Airwallex vs MyPOS Account Opening Times

AirwallexMyPOS
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
15 minutesFew minutes
Do They Check Your Credit?NoNo
Current Account Switch ServiceNoNo

Airwallex vs MyPOS Features & Account Types

Airwallex Account Types
Airwallex Features & Account Types


MyPOS Account Types
MyPOS Features & Account Types


AirwallexMyPOS
Business Current AccountYesYes
Business Savings AccountNoNo
Business Credit CardNoNo
Business OverdraftNoNo
Accounts For StartupsYesYes
Accounts For CharitiesNoNo
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableNoNo
Card TypeMastercardVisa
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingNoNo
Branch LocationsNone, online onlyNone, online only

Airwallex vs MyPOS Customer Support Options

AirwallexMyPOS
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportNoNo

Airwallex vs MyPOS Foreign Currency Accounts

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

Other Business Services From Airwallex and MyPOS

Airwallex Account Types
Other Airwallex Services


MyPOS Account Types
Other MyPOS Services


AirwallexMyPOS
Business LoansNoNo
Commercial MortgagesNoNo
Invoice FinancingNoNo
International PaymentsYesYes
Merchant Payment ServicesYesYes
Card MachinesNoYes
Free Accounting SoftwareNoYes

Airwallex vs MyPOS Banking Basics

AirwallexMyPOS
Bank TypeChallengerOther
FSCS ProtectionNoNo
FCA Number900876900826
WebsiteAirwallex WebsiteMyPOS Website

Common Comparison Questions

Does Airwallex or MyPOS 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, MyPOS scores 4.2 out of 5 based 10,019 Trustpilot reviews. Of which 67% are 5-star and 11% are 1-star.

Does Airwallex or MyPOS 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, MyPOS’s iPhone App is rated 4.2 out of 5 based on 698 reviews. And it’s Android App is rated 3.3 out of 5 based on 14,900 reviews.

Does Airwallex or MyPOS 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, MyPOS offers None accounts with interest rates ranging from NA to NA (AER).

See Other Comparisons:
Airwallex vs Ampere
Triodos Bank vs Soldo
Triodos Bank vs Cambridge Building Society
Triodos Bank vs PayPal Debit
Triodos Bank vs Allica Bank


For other business bank accounts see our guide here.

 



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