Features & benefits
If you regularly travel overseas or send and receive money in a foreign currency, then a Foreign Currency Account may be what you need. This account can help you simplify your banking, manage currency risk and save on conversion costs, all with the convenience of online access and Australia's largest branch network.
Features and benefits
Choose from major global currencies.
Pay no opening, closing or account-keeping fees
Earn competitive interest on selected currencies
For more details and features, see the Commonwealth Bank’s Foreign Currency Account Terms and Conditions.
Convert currencies when it suits you
There are times when it makes sense to avoid converting your funds into Australian dollars straight away. Perhaps you want to keep them ready for a future transaction, or avoid converting money when the exchange rate is unfavourable. With a Foreign Currency Account you can convert funds at a time that suits you.
Manage currency risk
Because you convert funds when it suits you, you can avoid the impact of short-term currency fluctuations.
Hold foreign currency in Australia
A Foreign Currency Account gives you foreign currency at your fingertips, with all the convenience of an Australian account supported by online access in Commbiz/Netbank and by Australia’s largest branch network.
Save on conversion costs
Converting currencies costs money. If you regularly make and receive payments in the same foreign currency, then a Foreign Currency Account can help you save on conversion costs.
How to access your account
You can make deposits or withdrawals from your Foreign Currency Account online in Netbank or CommBiz, or at any Commonwealth Bank branch.
Cheque books and keycards are not provided for foreign currency accounts. If you need to make payments by cheque, you can purchase a bank draft and have the foreign currency equivalent debited from your account.
- Important information
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.