Foreign Currency Account (Retail)
A flexible way to make, receive and convert regular payments in foreign currencies.
- Base rate
- 4.72%
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Applicable to currency CHF | 9% | — | — |
| Variable Applicable to currency JPY | 9.91% | — | — |
| Variable Applicable to currency THB | 9.99% | — | — |
| Variable Applicable to currency SEK | 10.13% | — | — |
| Variable Applicable to currency SGD | 10.13% | — | — |
| Variable Applicable to currency DKK | 10.83% | — | — |
| Variable Applicable to currency CAD | 11.1% |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Applicable to currency NZD | 0% | Amount | monthly |
| Variable Applicable to currency ZAR | 0% | Amount | monthly |
| Variable Applicable to currency NZD | 0% | Amount | monthly |
| Variable Applicable to currency NZD | 1.5% | Amount | monthly |
| Variable Applicable to currency NZD | 1.75% | Amount | monthly |
| Variable Applicable to currency ZAR | 2.73% | Amount | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| International Money Transfers Sent Issued via a branch. Fee must be paid in Australian Dollars or debited from an Australian Dollar Account. | Payment | $30.00 |
| International Money Transfers Sent Amendment to payment instruction, i.e. beneficiary, bank, address when requested by customer, or where the overseas bank is unable to process payment on original instruction. Overseas bank charges (which may vary from country to country) could apply in addition to the charges listed above. $25.00 per request plus overseas banks' costs. | Event | $25.00 |
| International Money Transfers Sent Cancellation and request for funds to be returned. This is a request only and is dependent on the overseas bank obtaining the relevant debit authority to be able to return funds. Returned funds will be converted back to the currency of the funding account at the published Banks buys IMT rate on the day it is credited to the funding account. Overseas bank charges (Which may vary from country to country) could apply in addition to the charges listed above. $25.00 per request plus overseas banks' costs. | Event | $25.00 |
| International Money Transfers Sent Investigation of sent International Money Transfer (trace). This is a request only and is dependent on the overseas bank obtaining the relevant debit authority to be able to return funds. Returned funds will be converted back to the currency of the funding account at the published Banks buys IMT rate on the day it is credited to the funding account. Overseas bank charges (Which may vary from country to country) could apply in addition to the charges listed above. $25.00 per investigation includes any subsequent follow up request. |
Features
- No need to convert between Australian dollars and foreign currency every time you make or receive a payment.
- Digital banking
- Make and receive payments in most convertible currencies through NetBank or the CommBank app.
- Avoid short-term currency fluctuations with the flexibility to hold foreign currency and convert it whenever you like.
- Please check the Commbank website for current debit excess interest rates.
- No monthly account keeping fees. Fees may apply to linked accounts.
- No minimum balance requirements
- Please check the Commbank website for current credit interest rates. The interest calculation depends on the day count convention for the foreign currency in which the account is held.
Eligibility
- Minimum age — 18 yearsBe an individual 18 years or older
- Hold an eligible CommBank AUD account with the Bank
More Information
Published by CommBank under the Consumer Data Right · Last updated 16 July 2026 · Product ID 8bba7e425a5a4eeb8ecb7eec4daadf0c · View on CDR.gov.au