CommBank
Foreign Currency Account (Business)
A flexible way to make, receive and convert regular payments in foreign currencies.
At a glance
- Pricing
- Rates on application
- Base rate
- 0.00%
- Monthly fee
- $0
§ 01 — Rates · 27
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableApplicable to currency CHF | — | — | — | 9.00% | — | — |
| VariableApplicable to currency AED | — | — | — | 9.10% | — | — |
| VariableApplicable to currency JPY | — | — | — | 9.91% | — | — |
| VariableApplicable to currency THB | — | — | — | 9.99% | — | — |
| VariableApplicable to currency SGD | — | — | — | 10.10% | — | — |
| VariableApplicable to currency SEK | — | — | — | 10.70% | — | — |
| VariableApplicable to currency HKD | — | — | — | 11.03% | — | — |
| VariableApplicable to currency DKK | — | — | — | 11.11% | — | — |
| VariableApplicable to currency CAD | — | — | — | 11.20% | — | — |
| VariableApplicable to currency EUR | — | — | — | 11.20% | — | — |
| VariableApplicable to currency NZD | — | — | — | 11.75% | — | — |
| VariableApplicable to currency ILS | — | — | — | 12.25% | — | — |
| VariableApplicable to currency CZK | — | — | — | 12.50% | — | — |
| VariableApplicable to currency GBP | — | — | — | 12.78% | — | — |
| VariableApplicable to currency USD | — | — | — | 12.88% | — | — |
| VariableApplicable to currency NOK | — | — | — | 13.18% | — | — |
| VariableApplicable to currency ZAR | — | — | — | 13.82% | — | — |
| VariableApplicable to currency HUF | — | — | — | 14.54% | — | — |
| VariableApplicable to currency IDR | — | — | — | 14.91% | — | — |
| VariableApplicable to currency ZAR | — | — | up to $250,000 | 0.00% | — | paid every 1 mo |
| VariableApplicable to currency NZD | — | — | up to $60,000 | 0.00% | — | paid every 1 mo |
| VariableApplicable to currency NZD | — | — | $120,000–$600,000 | 1.75% | — | paid every 1 mo |
| VariableApplicable to currency ZAR | — | — | $250,000–$500,000 | 1.82% | — | paid every 1 mo |
| VariableApplicable to currency ZAR | — | — | $2,500,000+ | 3.83% | — | paid every 1 mo |
| VariableApplicable to currency ZAR | — | — | $500,000–$2,500,000 | 2.83% | — | paid every 1 mo |
| VariableApplicable to currency NZD | — | — | $60,000–$120,000 | 0.00% | — | paid every 1 mo |
| VariableApplicable to currency NZD | — | — | $600,000+ | 2.00% | — | paid every 1 mo |
§ 02 — Fees · 16
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Deposits of foreign currency notes in branch | Deposit | 1.00% of transaction | — | 1% of transaction amount (minimum $10.00 per transaction) |
| International Money Transfers Sent | Event | $25 | — | 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 (w… |
| International Money Transfers Sent | Event | $25 | — | 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… |
| International Money Transfers Sent | Event | $25 | — | 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 fu… |
| International Money Transfers Received | Payment | $11 | — | Up to $11.00 per transfer. Fee charged depends on arrangements with overseas banks. For credit of a Commonwealth Bank Foreign Currency Account. |
| International Money Transfers Received | Payment | $25 | — | Up to $25.00 per transfer. Fee charged depends on arrangements with overseas banks. For credit of an AUD account at another bank. |
| International Money Transfers Received | Payment | $35 | — | Up to $35.00 per transfer. Fee charged depends on arrangements with overseas banks. For credit of a Foreign Currency Account at another bank. |
| International Money Transfers Sent in Euro | Payment | $33 | — | 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 Man… |
| International Money Transfers Sent in GBP | Payment | $17 | — | 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 vi… |
| International Money Transfers Sent in NZD | Payment | $17 | — | 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 Mana… |
| International Money Transfers Sent in USD | Payment | $37 | — | 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 vi… |
| International Money Transfers Sent | Payment | No fee | — | Issued via Commbiz, NetBank or the CommBank app. Funds debited from a Foreign Currency Account. |
| International Money Transfers Sent | Payment | $30 | — | Issued via a branch. Fee must be paid in Australian Dollars or debited from an Australian Dollar Account. |
| Account Keeping Fees | Periodic | No fee | Every 1 mo | No account-keeping fees. A Business Foreign Currency Account must be linked to an eligible CommBank Australian Dollar (AUD) account. Fees may apply to the linked account. |
| Transfers to or from linked Commonwealth Bank accounts | Transaction | No fee | — | Free transfers between your own Commonwealth Bank linked accounts. |
| Withdrawal of foreign currency notes in branch | Withdrawal | 1.00% of transaction | — | 1% of transaction amount (minimum $10.00 per transaction) |
§ 03 — Features
Digital banking
- · No need to convert between Australian dollars and foreign currency every time you make or receive a payment.
- · Avoid short-term currency fluctuations with the flexibility to hold foreign currency and convert it whenever you like.
- · No minimum balance requirements
- · No monthly account keeping fees. Fees may apply to linked accounts e.g. CommBank transaction or savings accounts.
- · Please check the CommBank website for current Credit Deposit Fees.
- · 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 current debit excess interest rates.
- · Please check the CommBank website for available currencies, interest rates, and their respective day count conventions.
§ 04 — Eligibility & limits
- · Minimum age 18
- · Available to businesses
- · Hold an eligible CommBank AUD account with the Bank.
- · In the case of foreign companies that carry on business in Australia, be registered with ASIC. The eligibility of other foreign companies is reviewed on a case by case basis
- · In the case of domestic businesses (e.g. a sole trader, partnership, company, trust etc.) have an Australian Business Number (ABN) and/or Australian Company Number (ACN)
§ 05 — Compare
§ 06 — Run the numbers
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Published by CommBank under the Consumer Data Right, last changed by them on 23 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.