Savings account rates › Bank of Melbourne
Foreign Currency Account
Bank of Melbourne
CDR officialNot listed in rate tables
Foreign Currency Accounts would mainly suit the business involved in both import and export as a Foreign Exchange Risk management tool.
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 |
|---|
Source
CDR officialConsumer Data Right product dataShow where this comes from
- Fetched
- 1 Nov 2026
- URL
https://digital-api.bankofmelbourne.com.au/cds-au/v1/banking/products/BOMForeignCurrencyAccount- Content hash
sha256 887856f508ee18114f2cd61d7029fae933df6bb4f0e60ad584cba8518df44dec- Rule version
mapper@0.1.2
Consumer Data Right product dataev_cdr_887856f508ee1811_1eb1494bShow details
- Checked
- 1 Nov 2026
- URL
https://digital-api.bankofmelbourne.com.au/cds-au/v1/banking/products/BOMForeignCurrencyAccount- Content hash
sha256 887856f508ee18114f2cd61d7029fae933df6bb4f0e60ad584cba8518df44dec- 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 |
|---|---|---|
| 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 |
| Service Fee | Event | $50.00 |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Other | 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). | |
| Other | This facility consolidates foreign exchange transactions for ease of cash management. | |
| Other | Provides a natural hedge for Importers. It also accommodates delayed or early payments and receipts. | |
| Other | Consolidates funds raised from other financing tools. | |
| Other | Accounts are interest bearing (minimum balance apply). | |
| Other | Regular Bank Statements detailing transactions are provided. | |
| Other | Possible protection against unfavourable foreign exchange rate movements over time | |
| Other | You can make and receive payments in another currency without having to convert them to Australian dollars. | |
| Other | You can manage your transactional requirements for a foreign currency. | |
| Other | Foreign Currency account interest rates are available through our representatives or from any Westpac Group branch. These rates are subject to change. Information on current interest rates are available on request. | |
| Other | The Foreign Currency Account does not support: Being accessed via ATM or cards, linked to a pre-paid travel money card orAny form of cash/cheque/draft withdrawals or deposits. | |
| Fraud protection | The product includes fraud protection features | |
| Eligibility: other | Foreign Currency Accounts can only be opened in the name of one legal person. | |
| Eligibility: residency status | Australian Residency | Customers must have an Australian address and currently reside in Australia. |
| Eligibility: min age | 18 | Individuals must be at least 18 years of age. |
| Eligibility: other | To open a Foreign Currency Account we will need your name, address and your occupation. | |
| Limit: opening balance | 50000.00 |
Rate history
No earlier values recorded yet.
Tags
| Tag | Meaning | Effect |
|---|---|---|
quality:no-interest | quality:no-interest | |
out-of-scope | Reason this product is not ranked | |
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