Foreign Currency Accounts

Contact International Trade Solutions on
1300 656 251

Foreign currency accounts and term deposits

Foreign currency accounts and term deposits support a wide range of cash management services to meet your growing needs for payments, receipts and investments. They can also provide a natural hedge against foreign exchange rate fluctuations.

Foreign currency accounts are available in a range of currencies, and can be electronically accessed for conducting transactions and reconciling accounts.. Overdrafts (on application) are also available for most major foreign currencies.

Offshore foreign currency accounts

Across Asia we are able to offer a comprehensive range of local currency and foreign currency accounts through our alliance with Standard Chartered Bank.

These accounts can be accessed electronically from Australia. European and US facilities in London and New York can also be provided by Westpac (on application).

Foreign currency overdraft

Importers and exporters can maintain onshore foreign currency overdrafts in most major currencies. They are particularly useful when you are unsure of the timing of the trade transaction.

Overdrafts are more suited to smaller transactions and can also help protect you from unfavourable exchange rate movements by facilitating a natural currency hedge.

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FOREX Rates

Visit the Foreign Exchange Centre to access the latest rates or use the Currency Converters.

Export Education

View our interactive demos and guides explaining export transaction flows.

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Credit facilities are subject to application and the bank's normal lending assessment criteria. Fees and charges may apply to the products and services listed. Full details of the terms and conditions for all the products and services which do not have a Product Disclosure Statement are available on application.