The benefits of your own Foreign Currency Account
If you send and receive money in a foreign currency, now you can be your own bureau de change and make managing foreign currencies as easy as your everyday banking.
There are times when it makes sense to convert your funds into Australian dollars, particularly if the exchange rate is more favourable. At other times, you may want to keep your foreign currency, ready for a future transaction.
Faster and simpler transactions with CommBank
A CommBank Foreign Currency Account gives you easy access to foreign currencies, and allows you to see transactions in real-time.
There are no monthly account-keeping fees*, plus no opening or closing fees, and you can transfer fee-free between eligible linked CommBank accounts. Plus, on some selected currencies, you can earn a competitive interest rate.
Choose from 14 major currencies
You can have as many accounts as you want, in up to 14 major global currencies.
Open your Foreign Currency Account now
It only takes a few minutes to open an account. You just need an eligible CommBank AUD transaction account. Then you can manage your foreign currency alongside your other CommBank accounts in NetBank.
Things you should know
As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. View the Terms and Conditions issued by Commonwealth Bank of Australia for Foreign Currency Account, and consider it before making any decision about this product. View our Financial Services Guide.
*In order to open a Foreign Currency Account, you must hold an eligible CommBank Australian dollar (AUD) transaction or savings account. Fees may apply to your linked account.