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.


Foreign currency accounts

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.


Foreign currency deposits

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).



Guide to importing and exporting (PDF 269kb)

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.