Help & support
Make and receive payments in most convertible currencies through NetBank or the CommBank app.
No need to convert between Australian dollars and foreign currency every time you make or receive a payment.
Avoid short-term currency fluctuations with the flexibility to hold foreign currency and convert it whenever you like.
Information about fees and charges can be found in our Standard fees and charges for International Payments & Travel Funds.
This may include a fee for depositing or withdrawing foreign cash in CommBank branches.
monthly account fees1
Most freely convertible currencies are available. Interest calculation depends on the day count convention for the foreign currency in which the account is held. Available currencies, interest rates and their respective day count conventions are listed here.
Note: Interest rates are effective as at the date shown but are subject to change.
Debit Excess Interest Rate
Credit Interest Rate
Tier 1
Credit Interest Rate
Tier 2
Credit Interest Rate
Tier 3
Credit Interest Rate
Tier 4
Credit Deposit Fee #
Day Count Convention
AED
United Arab Emirates Dirham*
9.10% p.a.
360
CAD
Canadian Dollar
11.58% p.a.
360
CHF
Swiss Franc
9.12% p.a.
360
CZK
Czech Koruna*
12.50% p.a.
360
DKK
Danish Kroner
10.85% p.a.
360
EUR
Euro
11.25% p.a.
360
GBP
Great British Pound
13.25% p.a.
365
HKD
Hong Kong Dollar
9.02% p.a.
365
HUF
Hungarian Forint*
15.52% p.a.
360
ILS
Israeli New Shekel*
13.50% p.a.
365
JPY
Japanese Yen
9.45% p.a.
360
NOK
Norwegian Kroner
13.44% p.a.
360
NZD
New Zealand Dollar
12.25% p.a.
0 - 59,999
0.00% p.a.
60,000 - 119,999
0.00% p.a.
120,000 - 599,999
2.25% p.a.
600,000+
2.50% p.a.
365
SEK
Swedish Kronor
11.30% p.a.
360
SGD
Singapore Dollar
10.78% p.a.
365
THB
Thailand Baht
10.74% p.a.
365
USD
United States Dollar
13.33% p.a.
360
ZAR
South African Rand
15.23% p.a.
0 - 249,999
0.00% p.a.
250,000 - 499,999
3.23% p.a.
500,000 - 2,499,999
4.23% p.a.
2,500,000+
5.23% p.a.
365
* These currencies are only available for Business Foreign Currency Accounts and are subject to eligibility criteria.
# Some currencies have very low or negative interest rates. If you hold an account in one of these currencies, and you are a wholesale client you may incur a Credit Deposit Fee. For more information about Credit Deposit Fees, please refer to the Foreign Currency Account Terms and Conditions.
Fees may apply to your linked CommBank account.
If you’re a CommBank customer, you can buy or sell 9 foreign currencies at selected CommBank branches in exchange for Australian Dollars. All customers can order over 30 foreign currencies online.
For more details visit CommBank Travel Foreign Cash.
Fees may be charged when depositing or withdrawing foreign cash at CommBank branches.
Information about fees and charges can be found in our Standard fees and charges for International Payments & Travel Funds.
We no longer accept foreign cheques. You can receive payments from outside Australia directly into your account through an International Money Transfer.
You can use an International Money Transfer to send money to someone’s international bank account. You’ll need their full name, home address, account number or International Bank Account Number (IBAN) and the SWIFT or Bank Identification Code (BIC) of their bank.
Tip: if you convert your payment into foreign currency and send from NetBank or the CommBank app, you’ll lock in the exchange rate and we’ll waive the transfer fee.
Each Foreign Currency Account holds one currency type. To hold multiple currencies, you will need to open one account for each currency.
1 Fees may apply to linked accounts e.g. CommBank transaction or savings accounts
The target market for this product will be found within the product’s Target Market Determination, available here.
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. Read our Foreign Currency Account Terms and Conditions before making any decision about this product. Here’s our Financial Services Guide.
