A flexible way to make, receive and convert regular payments in foreign currencies.
Product data
The lender's Consumer Data Right data, as collected by Homepedia. Nothing in this part comes from a channel.Rates
| Rate | Applies to | Conditions | Source | Since |
|---|---|---|---|---|
| 0.00% | Variable · $0–$250,000 | Business customersForeign currency | CDR | 1 Nov 2026 |
| 0.00% | Variable · $0–$60,000 | Business customersForeign currency | CDR | 1 Nov 2026 |
| 0.00% | Variable · $60,000–$120,000 | Business customersForeign currency | CDR | 1 Nov 2026 |
| 1.75% | Variable · $120,000–$600,000 | Business customersForeign currency | CDR | 1 Nov 2026 |
| 2.33% | Variable · $250,000–$500,000 | Business customersForeign currency | CDR | 1 Nov 2026 |
| 3.33% | Variable · $500,000–$2,500,000 | Business customersForeign currency | CDR | 1 Nov 2026 |
| 2.00% | Variable · $600,000 or more | Business customersForeign currency | CDR | 1 Nov 2026 |
| 4.32% | Variable · $2,500,000 or more | Business customersForeign currency | CDR | 1 Nov 2026 |
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Source
CDR officialConsumer Data Right product dataShow where this comes from
- Fetched
- 1 Nov 2026
- URL
https://api.commbank.com.au/public/cds-au/v1/banking/products/b9e5529bf94f46e5a30b1baea8db0df5- Content hash
sha256 ffefafc690e75073c91ef15986bc4fefa185f1f567f23ab22612d8fcd8b3e4d7- Rule version
mapper@0.1.2
Consumer Data Right product dataev_cdr_ffefafc690e75073_d469abbaShow details
- Checked
- 1 Nov 2026
- URL
https://api.commbank.com.au/public/cds-au/v1/banking/products/b9e5529bf94f46e5a30b1baea8db0df5- Content hash
sha256 ffefafc690e75073c91ef15986bc4fefa185f1f567f23ab22612d8fcd8b3e4d7- Excerpt
- —
- Rule version
mapper@0.1.2
Page and PDF snapshots are kept by Homepedia; the hash above identifies the exact version we read. Data as at 1 Nov 2026.
Fees
| Fee | Type | Amount |
|---|---|---|
| International Money Transfers Sent | Payment | $30.00 |
| International Money Transfers Sent | Event | $25.00 |
| International Money Transfers Sent | Event | $25.00 |
| International Money Transfers Sent | Event | $25.00 |
| Account Keeping Fees | Periodic | $0.00 |
| Deposits of foreign currency notes in branch | Deposit | 1.00% |
| Withdrawal of foreign currency notes in branch | Withdrawal | 1.00% |
| International Money Transfers Sent | Payment | $0.00 |
| International Money Transfers Received | Payment | $11.00 |
| International Money Transfers Received | Payment | $25.00 |
| International Money Transfers Received | Payment | $35.00 |
| Transfers to or from linked Commonwealth Bank accounts | Transaction | $0.00 |
| International Money Transfers Sent in GBP | Payment | $17.00 |
| International Money Transfers Sent in USD | Payment | $37.00 |
| International Money Transfers Sent in NZD | Payment | $17.00 |
| International Money Transfers Sent in Euro | Payment | $33.00 |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Other | 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 CommBiz, the CommBiz mobile app, NetBank or the CommBank app. | |
| Other | Avoid short-term currency fluctuations with the flexibility to hold foreign currency and convert it whenever you like. | |
| Other | No minimum balance requirements | |
| Other | No monthly account keeping fees. Fees may apply to linked accounts e.g. CommBank transaction or savings accounts. | |
| Other | Please check the CommBank website for current Credit Deposit Fees. | |
| Other | 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. | |
| Other | Please check the CommBank website for current debit excess interest rates. | |
| Other | Please check the CommBank website for available currencies, interest rates, and their respective day count conventions. | |
| Eligibility: business | Use the Business Foreign Currency Account for business purposes only | |
| Eligibility: min age | 18 | In order to open an FCA you must be 18 years of age or older. |
| Eligibility: other | Hold an eligible CommBank AUD account with the Bank. | |
| Eligibility: other | 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 | |
| Eligibility: other | 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) |
Rate history
| Rate | From | To | Rate p.a. |
|---|---|---|---|
| Variable · $60,000–$120,000 | 1 Nov 2026 | Current | 0.00% |
| Variable · $600,000 or more | 1 Nov 2026 | Current | 2.00% |
| Variable · $0–$60,000 | 1 Nov 2026 | Current | 0.00% |
| Variable · $250,000–$500,000 | 1 Nov 2026 | Current | 2.33% |
| Variable · $0–$250,000 | 1 Nov 2026 | Current | 0.00% |
| Variable · $2,500,000 or more | 1 Nov 2026 | Current | 4.32% |
| Variable · $120,000–$600,000 | 1 Nov 2026 | Current | 1.75% |
| Variable · $500,000–$2,500,000 | 1 Nov 2026 | Current | 3.33% |
Tags
| Tag | Meaning | Effect |
|---|---|---|
segment:business | Business customers | Listed with business products, not personal ones |
currency:foreign | Foreign currency | Left out of the savings table |
Registered channels
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