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Institutional Solutions Working capital solutions Trade Payments

About us

How we can make a difference to your business:

  • Convenience –  hold foreign currencies in Australia and reduce costs associated with converting funds into Australian dollars
  • Security – transfer money offshore with confidence through our network of leading banks
  • Technology – our world class technology allows you to manage payments around-the-clock, with our award-winning online business platform CommBiz.

Solutions

  • Clean bills (international cheques) – we accept cheques and other paper instruments in a wide range of currencies for payment of goods and services
  • Foreign currency drafts – we offer drafts in 14 currencies issued in over 20 countries
  • Foreign currency account – simplify banking if you’re an importer, exporter or a business needing to hold funds in a foreign currency
  • International money transfer – send electronic payments quickly and securely from Australia to banks in over 220 countries
  • MT101 Payment Authority – make transactions in multiple currencies securely and conveniently
  • International Corporate Services – receive balances and transaction information for corporate accounts as an alternative to NetBank or CommBiz.

Unique insights for your industry

Data driven business decisions

We have visibility of approximately 40% of all card-based transactions in Australia, giving us a unique view on real-world consumer purchasing behaviours.

So whether you’re deciding to expand your business, or gain a better understanding of the buying behaviours of current and potential customers, we can provide you with detailed analytics and consulting solutions to help you make that decision.

 

 

 

 

FAQs

How can a Foreign Currency Account can help me?

A Foreign Currency Account gives you the convenience and flexibility of converting your funds when it suits you. For example you may want to keep your funds ready for a future offshore transaction or you may want to wait to convert your money when the exchange rate is favourable.

How secure is transferring money overseas?

We make payments directly to the payee’s bank account through our network of leading overseas banks. You can make offshore payments with confidence, secure in the knowledge that your money will safely reach its destination.

How can I make international payments?

Our international money transfer service is a convenient way to send money to most locations around the world. Payments can be sent to banks in more than 200 countries. You can either drop in to one of our branches or log on to CommBiz or NetBank to send payments in minutes, straight from your desktop.

What currencies are offered for Foreign Currency Accounts?

Foreign Currency Accounts are available in most freely convertible currencies. You can take a look at the list to see what currencies are available.