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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.

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Save when you send and receive

If you regularly send and receive payments in the same foreign currency, then a Foreign Currency Account can help you save on conversion costs.

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Convert when it suits you

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.

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Hold currencies at your fingertips

You can have a Foreign Currency Account for up to 14 major global currencies.

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.

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Easy access whenever you like

You can make deposits or withdrawals from your Foreign Currency Account via NetBank or at selected branches.

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View transactions in real-time

Any balances will appear in NetBank alongside your other CommBank accounts. Transactions appear in real-time so you can always keep track of what you have.

Icon - No monthly fees

No monthly fees

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.

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.