with CBA, youve probably already taken a look at the currency related products and services they have to offer such as Travel Money (cash Travel Cards, and. What are the benefits of having a multi-currency account? CBA exchange rate compared, you can use the currency converter tool above to check a currency pair and compare exchange rates available at Commonwealth Bank against other banks and foreign exchange service providers. By comparing the CBA exchange rate against other banks and major service providers, you can work out exactly where you will get the best deal. The percentages with the rates show how much margin the bank is charging compared to the market mid-rate. Depending on the amount of transfers you complete on a monthly basis, this may become cost prohibitive. TransferWises Borderless multi-currency account, cBA, transferWise, who can open an account?
There are no monthly fees for having a foreign currency account with CBA, but foreign currency account holders must also have a CBA transaction or savings account in Australian dollars, which may have fees associated with.
Review of Commonwealth Bank exchange rates, how do their exchange rates fees compare to FX specialist providers for foreign transfers and travel money.
We present alternatives.
CBA that can save you up to 6 when you send and spend abroad.
Typically, the Big 4 banks offer similar foreign exchange rates to one another.
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Sending an international money transfer t via a CBA branch 30 per transfer (this fee has to be paid in AUD, or debited from an AUD account) Sending an international money transfer from a foreign currency account via NetBank or the CommBank app 6 per. For AUD, EUR, GBP and USD you get your own local account details. If you are receiving money from overseas or if you need to sell currency, make sure you look at the 3 columns marked Bank Buys. CBA Exchange Rates - Full list This table shows Commonwealth Bank exchange rates for foreign transfers and travel money. A foreign currency account (sometimes also called a multi-currency account) can be useful for a number of people, but most notably, those who travel frequently, spend time between multiple countries or do business overseas. Their fees are fairly standard and are in line with what many of the other major banking partners in Australia have to offer.