Payments/Settlements

Business Foreign Exchange allows clients to make payments online to the Bank for the purpose of settling foreign exchange transactions using the following payment methods.

Australian Dollar Payments

Payment Type	Products
1. BPAY®	Value Tomorrow, Spot and Forward transactions.
2. Direct Debit Request (DDR)	Spot and Forward transactions.
3. Payment from an eligible account held with the Bank.	Value Today, Tomorrow, Spot and Forward transactions.
4. Electronic Funds Transfer (EFT) to the Bank's settlement account.	Value Today, Tomorrow, Spot and Forward transactions.

All Currencies

Payment Type	Products
1. Payment from a Foreign Currency Account (FCA) held with the Bank.	Value Today, Tomorrow, Spot and Forward transactions.
2. Settlement against a trade finance transaction with the Bank.	Value Today, Tomorrow, Spot and Forward transactions.
3. Settlement against an inward International Money Transfer (IMT) received by the Bank.	Value Today, Tomorrow, Spot and Forward transactions.
4. Electronic Funds Transfer (EFT) to the Bank's settlement account.	Value Today, Tomorrow, Spot and Forward transactions.

Like to know more?

Call the Business Foreign Exchange Help Desk on 1300 735 734 from 8am to 6pm Monday to Friday, or 8am to 5pm (Sydney time) on Wednesday.

Important information about advice
As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. View our Financial Services Guide (PDF 59kb).

View the Product Disclosure Statement for Business Foreign Exchange (PDF 690kb) and consider it before making any decision about the product.

4 December 2008 - AEST 8.30am - Currency markets were also becalmed ahead of Fridays US jobs report - European sharemarkets were again higher on Wednesday on expectations of large interest rate cuts by the Bank of England and European Central Bank - US sharemarkets traded on both sides of the ledger on Wednesday with most investors on the sidelines - Crude oil prices settled - Base metal prices posted huge declines - And the price of gold eased as the US dollar strengthened.

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Payments/Settlements