BOQ SmartFX®

The comprehensive online foreign exchange solution for your business{sub-heading}

Make business abroad a breeze, using our new online international payments platform. Experience the simplicity of being able to manage multiple currencies and accounts from one place.

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Key features at a glance

Why BOQ SmartFX®{yellow-border}

BOQ SmartFX® makes doing business overseas safe and simple – with all your foreign exchange needs in one place. Now you can manage all your business transactional accounts and foreign currency accounts from a single online platform whenever you need.

Easy-to-use, with 24/7 online access, BOQ  SmartFX® also allows you to:

  • book foreign exchange rates;
  • forward exchange contracts;
  • place limit orders to buy or sell currencies at specified rates; and
  • pay multiple beneficiaries from a single FX transaction.

Regardless of how big or small your business is, you’ll get access to BOQ’s team of Financial Markets specialists who are here to help with FX, trade finance and interest rate solutions tailored to your specific needs.

Features and benefits{yellow-border}

Convenience

Flexible online solution with FX hedging and payment capability in one place, allowing you to transact anytime, anywhere

Simplicity

View all your foreign currency accounts within online banking and pay multiple beneficiaries from a single FX transaction

Savings

Competitive rates with no hidden fees and zero monthly account fees on foreign currency accounts

Security

Our secure platform allows you to manage your foreign currency transfers and international payments with peace of mind

Multiple currencies

Make current or schedule future dated payments across a range of foreign currencies

Flexibility

Access to dedicated financial markets industry specialists

Available currencies{yellow-border}

BOQ SmartFX® gives you access to a number of foreign currency accounts to manage your foreign exchange needs, with the ability to make international payments across major currencies including:

More currencies available upon request by contacting us on  1800 34 3939

Frequently asked questions{yellow-border}

As a customer what do I need to use BOQ SmartFX?

Apart from a genuine need for a foreign exchange facility, before you can use BOQ SmartFX you will require one linked BOQ Transactional Account, access to online banking and the appropriate dealing authorization which one of our financial markets specialists can assist with.

As a customer do I need to transfer all of my accounts to BOQ to use BOQ SmartFX?

No, BOQ SmartFX could still work for you whilst maintaining your existing banking relationship with another financial institution.

As a customer do I need to already have an account with BOQ?

No, we will speak to you about establishing an Everyday Business Account with BOQ for use with BOQ SmartFX.

Which currencies are supported?

BOQ SmartFX is available with 12 currencies; AUD, USD, CAD, EUR, CHF, JPY, NZD, GBP, HKD, SGD, THB and ZAR.

What size does my business need to be?

We accept businesses of any size provided you meet the eligibility criteria set out in the BOQ SmartFX PDS available here.

Can anyone register for BOQ SmartFX?

BOQ SmartFX is currently only available if you’re a business customer with a genuine Foreign Currency need in your business. You must also have international payments or foreign exchange hedging requirements.

I haven’t made international payments, hedged foreign exchange for my business or used an FX platform before, can I still qualify?

Yes, our experienced team of specialists will be able to help determine your Foreign Currency and Foreign Exchange needs, and advise if BOQ SmartFX is right for you.

How long will it take for an account to be set up?

Registration and account set up times may vary depending on product type and complexity of your Foreign Currency and Foreign Exchange needs.

Are there any restrictions to use SmartFX?

Due to existing settlement processes, customers who have a utilized Trade Finance Facility with BOQ will be temporarily unable to migrate onto SmartFX.

I need more information, who do I speak with?

For more information please visit boq.com.au/smartfx, call us on 1800 34 3939, or email financial.markets@boq.com.au.

Quick reference guides{yellow-border}

Our quick reference video guides and other important information is available here and can help you troubleshoot or answer any questions you may have when transacting on BOQ SmartFX®.

Important information{yellow-border}

Foreign Currency Facilities Product Disclosure Statement October 2025

PDF{sub-tag}
/content/dam/boq/files/business/financial-markets-and-international-services/foreign-currency-facilities-pds-october-2025.pdf

Want to know more?{yellow-border}

Our Financial Markets specialists are happy to help.

Setting up your BOQ SmartFX®  access is simple.

If you’re an existing client you will need:

  • A BOQ Everyday Business Account with internet banking access
  • To be registered with BOQ Financial Markets

New to bank customers can also apply.

You might also be interested in:

Foreign Exchange Payment Options

Send and receive international payments.

Foreign Currency Accounts

Foreign currency accounts for business customers who deal regularly in foreign currencies to manage their cash flows.

We’re here to help{yellow-border}