---
title: "Foreign Currency Account — BankSA"
description: "Transaction & Savings Accounts from BankSA. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/banksa/products/BSAForeignCurrencyAccount
source: "CDR Compare"
language: en-AU
last_updated: 2026-08-13T06:41:00Z
---

# Foreign Currency Account — BankSA

> Transaction & Savings Accounts from BankSA. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts**

Foreign Currency Accounts would mainly suit the business involved in both import and export as a Foreign Exchange Risk management tool.

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Duplicate Account statement | Event | $7.50 |
| Outward telegraphic transfers in Australian dollars (via Online Banking) | Transaction | $20.00 |
| Outward telegraphic transfers in Australian dollars or foreign currency (staff assisted) | Transaction | $32.00 |
| All inward telegraphic transfers in Australian dollars or foreign currency | Transaction | $12.00 |
| Service Fee — Opening an account for business customers we may complete a company search to verify you banking information. A fee of $50 (AUD) will be charged for this service | Event | $50.00 |

## Features

- **Foreign Currency Accounts available in 14 currencies , they are United States Dollars (USD) ,Great Britain Pounds (GBP),Canadian Dollars (CAD),Danish Kroner (DKK),Euro (EUR),Hong Kong Dollars (HKD),Japanese Yen (JPY),New Zealand Dollars (NZD),Norwegian Kroner (NOK),Singapore Dollars (SGD),Swedish Kronor (SEK),Swiss Francs (CHF),Thailand Baht (THB),South African Rand (ZAR).**
- **This facility consolidates foreign exchange transactions for ease of cash management.**
- **Provides a natural hedge for Importers. It also accommodates delayed or early payments and receipts.**
- **Consolidates funds raised from other financing tools.**
- **Accounts are interest bearing (minimum balance apply).**
- **Regular Bank Statements detailing transactions are provided.**
- **Possible protection against unfavourable foreign exchange rate movements over time**
- **You can make and receive payments in another currency without having to convert them to Australian dollars.**
- **You can manage your transactional requirements for a foreign currency.**
- **Foreign Currency account interest rates are available through our representatives or from any Westpac Group branch. These rates are subject to change. Information on current interest rates are available on request.**
- **Apart from uncleared drafts and cheques, you may initiate a request to withdraw your money at any time, as long as you provided an acceptable form of identification when opening the account.**
- **Fraud protection** (The product includes fraud protection features)

## Eligibility

- **Foreign Currency Accounts can only be opened in the name of one legal person.**
- **Residency status** — Australian Residency  (Customers must have an Australian address and currently reside in Australia.)
- **Minimum age** — 18 years (Individuals must be at least 18 years of age.)
- **To open a Foreign Currency Account we will need your name, address and your occupation. **

## Constraints

- **Minimum balance** — $50,000.00 (Individuals applying for a Foreign Currency Account are subject to a minimum opening account balance of the equivalent of AUD$50,000, subject to our discretion.)

## More information from BankSA

- [Overview](https://www.banksa.com.au/corporate-business/foreign-exchange/foreign-currency-accounts)
- [Terms & conditions](https://www.banksa.com.au/content/dam/bsa/downloads/pds/BSA-FgnCurrencyAccountTC.pdf)
- [Eligibility](https://www.banksa.com.au/corporate-business/foreign-exchange/foreign-currency-accounts)
- [Fees & pricing](https://www.banksa.com.au/corporate-business/foreign-exchange/foreign-currency-accounts)

## Data provenance

- Published by BankSA under the Consumer Data Right
- Product ID: `BSAForeignCurrencyAccount`
- Last updated by the provider: 13 August 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/banksa/BSAForeignCurrencyAccount
- Provider page: https://www.cdrcompare.au/brands/banksa
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000141

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/banksa/products/BSAForeignCurrencyAccount) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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