Foreign currency accounts and deposits
Bank of Queensland offers services to help customers who deal regularly in foreign currencies. These products can reduce the need to convert from one currency to another.
This account can be used to hold funds in a currency ready for future payments, or prior to conversion into Australian dollars on a particular date. They are ideally suited for customers who have both receipts and payments in the same currency, therefore reducing the need to convert to or from Australian dollars.
This deposit is a fixed term, fixed rate facility and is available for amounts in excess of AUD 100,000 (or equivalent values in USD, GBP, EUR, HKD, NZD, JPY, NZD and CAD).
The Bank has developed an introductory guide to importing and exporting which covers some basic definitions and methods of payment, and highlights risks to be aware of.
For assistance with foreign currency accounts and deposits drop into one of our convenient locations or contact one of our international services experts on 1300 55 72 72 or email the international services team.
Products issued by Bank of Queensland Limited ABN 32 009 656 740 AFSL 244616. Fees and charges are payable. This website contains general advice. This advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of any advice before acting on it. You should obtain and consider the relevant Product Disclosure Statement (PDS), terms and conditions, Financial Services Guide and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. You can obtain a copy of those documents from any Bank of Queensland branch or from this website.