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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.