Foreign Currency Account

Transaction & Savings AccountsData Sharing Status

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

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

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 yearsIndividuals must be at least 18 years of age.
To open a Foreign Currency Account we will need your name, address and your occupation.

Minimum balance — $50,000.00You will need to maintain a minimum foreign currency amount of the equivalent of AUD$50,000 at all times.

Published by St.George Bank under the Consumer Data Right · Last updated 25 May 2026 · Product ID STGForeignCurrencyAccount · View on CDR.gov.au