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Commonwealth Bank takes the hassle out of foreign exchange in Bali

13 October 2006

Indonesia’s Bank Commonwealth, the majority-owned banking subsidiary of Australia’s Commonwealth Bank, now offers ‘FX Shops’ – providing foreign exchange services in Bali’s tourist areas of Kuta, Legian and Denpasar airport.

According to Garry Mackrell, Commonwealth Bank Group Executive – International Financial Services, the new FX Shops were introduced in response to customer requests for simpler international financial services when travelling in Bali.

"Bali has always been a popular destination with Australian travellers. With the new FX Shops in Bali, foreign exchange doesn’t have to be a hassle."

"Our customers would prefer to be enjoying their holiday rather than bargaining in the street for the best exchange rate."

Account holders with any Australian bank can use the FX Shop services to exchange money safely and conveniently with a trusted Australian bank.

Commonwealth Bank customers also benefit with reduced international fees when using the FX Shop’s ATMs, or any Bank Commonwealth ATM in Indonesia.

"The FX Shops also offer Commonwealth Bank account holders free internet access and telephone banking services including a direct link to the Bank’s website and NetBank, or free phone service to talk to the customer service centre directly in Australia," Mr Mackrell said

Multilingual speaking staff are also on hand in each shop to answer customer questions.

Bank Commonwealth FX Shops are located at: FX Shop Legian – JL. Legian No. 137, Legian, Kuta, Kab. Badung, Bali; FX Shop Kuta – JL. Dewi Sartika No. 8, Komplek Kuta Centre, Blok A III no. 8, Kuta Badung, Bali; FX Shop Denpasar Airport - Ngurah Rai, Tuban, Denpasar, Bali

ENDS

Bryan Fitzgerald
General Manager, Media and Issues Management
Commonwealth Bank
Phone: (+612) 9378 2663
Mob: 0414 789 649
Email: fitzgeb@cba.com.au

 

Notes To Editor

FX Shop Fees:

  • Bank debit cards - fee is AUD$1.50 (compared to $5.00 + 1% if using any other financial institution ATM in Indonesia)
  • Bank credit cards - fee is minimum of AUD$1.50 or 1.25% of transaction (compared to a minimum of $4.00 or 1.25% if using any other financial institution ATM in Indonesia)
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