How to get an AUD IBAN in the UAE | Hubpay for UAE-Australia trade

How to get a AUD IBAN in 1 business day | Hubpay for UAE-Australia Trade

Trade between the United Arab Emirates and Australia continues to grow rapidly. In 2023, two-way trade between both nations reached $9.9 billion, with sectors like agriculture, manufacturing, energy, and professional services driving economic activity. Source: Austrade

In November 2024, the UAE and Australia signed a Comprehensive Economic Partnership Agreement (CEPA), eliminating tariffs on over 99% of Australian exports and creating more certainty for service providers in over 120 sectors. Source: UAE Times

As economic ties deepen, UAE businesses working with Australian partners need efficient banking tools to support fast, cost-effective payments. This is where a named AUD IBAN becomes essential.

What Is an AUD IBAN and why do UAE businesses need one?

An AUD IBAN (International Bank Account Number in Australian Dollars) is a bank account identifier that enables your business to receive and send AUD payments from clients, partners, and suppliers in Australia. It supports local and international payment rails, reducing intermediary fees and delays.

Not sure what an IBAN is? Read this helpful guide from Wise or Revolut.

Why AUD IBANs matter for UAE businesses?

• Eliminate delays in receiving AUD payments from Australian partners

• Avoid conversion losses with intermediary banks and third-party FX providers

• Build trust with Australian suppliers and clients with a dedicated, named IBAN

• Operate efficiently with real-time access to balances and FX

Example of a Hubpay AUD IBAN:

How can AUD IBANs help UAE businesses scale quickly?

With a named AUD IBAN, businesses in the UAE can:

• Receive AUD payments directly from Australian partners with no hidden fees

• Hold AUD in wallet for future use or convert at optimal times

• Convert instantly to AED, USD or 150+ currencies using best FX rates

• Reduce costs and improve cash flow with better margins on every transaction

• Make outward payments in AUD for vendor and supplier payouts

This is especially beneficial for:

• General Trading Companies importing Australian goods like meat, grains, and wine

• Professional Services Firms dealing with Australian clients in education, legal, or consulting

• Logistics and Freight Businesses managing supply chains between the UAE and Australia

• Retailers and E-commerce Brands selling high-value Australian goods in the UAE

The Hubpay advantage: Built for speed and scale

Unlike traditional banks that require minimum balances, long onboarding, and credit approvals, Hubpay offers:

• Named AUD IBANs issued under your business name

• Account setup within 1 business day

• Zero minimum balance requirements

• Easy onboarding through a digital portal

• Secure platform regulated in the UAE

• Real-time corporate FX & treasury management tools to protect your margins and automate conversions

Get Started in 4 Easy Steps

1. Create a Hubpay Business Account

2. Choose between Scale or Treasury plan

3. Complete a quick digital onboarding

4. Start receiving AUD payments via your named IBAN

You’ll also be able to access powerful tools to manage, convert, and send funds all from a single platform.

Book a demo to see how it works