---
title: "Foreign Currency Account (Retail) — CommBank"
description: "Transaction & Savings Accounts from CommBank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/commbank/products/8bba7e425a5a4eeb8ecb7eec4daadf0c
source: "CDR Compare"
language: en-AU
last_updated: 2026-08-28T20:00:39.000Z
---

# Foreign Currency Account (Retail) — CommBank

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

**Transaction & Savings Accounts · Negotiable rates**

A flexible way to make, receive and convert regular payments in foreign currencies.

## At a glance

- **Base rate:** 4.03%

## Apply

Applications are handled by the provider: [Apply at CommBank](https://www.commbank.com.au/personal/international/foreign-currency-account.html)

## 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 SGD) | 10.45% | — | — |
| Variable (Applicable to currency SEK) | 10.71% | — | — |
| Variable (Applicable to currency DKK) | 10.85% | — | — |
| Variable (Applicable to currency CAD) | 11.15% | — | — |
| Variable (Applicable to currency EUR) | 11.25% | — | — |
| Variable (Applicable to currency NZD) | 11.5% | — | — |
| Variable (Applicable to currency HKD) | 12.33% | — | — |
| Variable (Applicable to currency USD) | 12.63% | — | — |
| Variable (Applicable to currency GBP) | 12.78% | — | — |
| Variable (Applicable to currency NOK) | 13.15% | — | — |
| Variable (Applicable to currency ZAR) | 14.03% | — | — |

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Variable (Applicable to currency NZD) | 0% | Amount $0–$59,999.99 | monthly |
| Variable (Applicable to currency ZAR) | 0% | Amount $0–$249,999.99 | monthly |
| Variable (Applicable to currency NZD) | 0% | Amount $60,000–$119,999.99 | monthly |
| Variable (Applicable to currency NZD) | 1.5% | Amount $120,000–$599,999.99 | monthly |
| Variable (Applicable to currency NZD) | 1.75% | Amount $600,000+ | monthly |
| Variable (Applicable to currency ZAR) | 2.02% | Amount $250,000–$499,999.99 | monthly |
| Variable (Applicable to currency ZAR) | 3.02% | Amount $500,000–$2,499,999.99 | monthly |
| Variable (Applicable to currency ZAR) | 4.03% | Amount $2,500,000+ | 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. | Event | $25.00 |
| Account Keeping Fees — Charged monthly · No account-keeping fees. A Foreign Currency Account must be linked to an eligible CommBank Australian Dollar (AUD) account. Fees may apply to the linked account. | Ongoing | $0.00 |
| Deposits of foreign currency notes in branch — 1% of transaction amount (minimum $10.00 per transaction) | Deposit | 1% of transaction |
| Withdrawal of foreign currency notes in branch — 1% of transaction amount (minimum $10.00 per transaction) | Withdrawal | 1% of transaction |
| International Money Transfers Sent — Issued via Commbiz, NetBank or the CommBank app. Funds debited from a Foreign Currency Account. | Payment | $0.00 |
| International Money Transfers Received — Up to $11.00 per transfer. Fee charged depends on arrangements with overseas banks. For credit of a Commonwealth Bank Foreign Currency Account. | Payment | $11.00 |
| International Money Transfers Received — Up to $25.00 per transfer. Fee charged depends on arrangements with overseas banks. For credit of an AUD account at another bank. | Payment | $25.00 |
| International Money Transfers Received — Up to $35.00 per transfer. Fee charged depends on arrangements with overseas banks. For credit of a Foreign Currency Account at another bank. | Payment | $35.00 |
| Transfers to or from linked Commonwealth Bank accounts — Free transfers between your own Commonwealth Bank linked accounts. | Transaction | $0.00 |
| International Money Transfers Sent in GBP — GBP. This option is available for selected countries and currencies only. The option to pay an additional fee to cover charges by overseas banks is available for International Money Transfers sent via Branch, CommBiz or by prior arrangement with your Relationship Manager. This option is not available via Netbank and the CommBank app. The additional fee must be paid in Australian dollars. | Payment | $17.00 |
| International Money Transfers Sent in USD — USD. This option is available for selected countries and currencies only. The option to pay an additional fee to cover charges by overseas banks is available for International Money Transfers sent via Branch, CommBiz or by prior arrangement with your Relationship Manager. This option is not available via Netbank and the CommBank app. The additional fee must be paid in Australian dollars. | Payment | $37.00 |
| International Money Transfers Sent in NZD — NZD. The option to pay an additional fee to cover charges by overseas banks is available for International Money Transfers sent via Branch, CommBiz or by prior arrangement with your Relationship Manager. This option is not available via Netbank and the CommBank app. The additional fee must be paid in Australian dollars. | Payment | $33.00 |
| International Money Transfers Sent in Euro — EURO. The option to pay an additional fee to cover charges by overseas banks is available for International Money Transfers sent via Branch, CommBiz or by prior arrangement with your Relationship Manager. This option is not available via Netbank and the CommBank app. The additional fee must be paid in Australian dollars. | Payment | $33.00 |

## 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.**
- **Please check the CommBank website for available currencies, interest rates, and their respective day count conventions.**

## Eligibility

- **Minimum age** — 18 years (Be an individual 18 years or older)
- **Hold an eligible CommBank AUD account with the Bank**

## More information from CommBank

- [Overview](https://www.commbank.com.au/personal/international/foreign-currency-account.html)
- [Terms & conditions](https://www.commbank.com.au/content/dam/commbank/business/pds/CBA3633.pdf)
- [Eligibility](https://www.commbank.com.au/personal/international/foreign-currency-account.html#apply)
- [Fees & pricing](https://www.commbank.com.au/content/dam/commbank/business/pds/CBA3633.pdf)

## Data provenance

- Published by CommBank under the Consumer Data Right
- Product ID: `8bba7e425a5a4eeb8ecb7eec4daadf0c`
- Last updated by the provider: 28 August 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/commbank/8bba7e425a5a4eeb8ecb7eec4daadf0c
- Provider page: https://www.cdrcompare.au/brands/commbank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000008

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/commbank/products/8bba7e425a5a4eeb8ecb7eec4daadf0c) — 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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