Show Me Examples

All our clients have different needs and our Business Foreign Exchange service is flexible enough to ensure that these can be met.

“I need to make regular monthly payments on the same date to three suppliers in the United States and do not want to process three separate transactions.”

With Business Foreign Exchange it’s simple! You set up a standard settlement instruction for each supplier which can be used every month. You exchange AUD for the total amount of USD you need to pay all three suppliers and you then split the settlement amounts between your suppliers per their invoices – one transaction and three suppliers paid – saves time and money!

“I have some very large payments that I need to make and I prefer to speak to someone over the phone to ensure I get the best possible rate.”

We will provide you with our best rates online and you can call 1300 735 134 if you wish to discuss the rate with a foreign exchange dealer. 

“I have some larger payments and need to know a few months out how much I will need to pay and when.”

With Business Foreign Exchange you can lock in a rate today for payment at a specified future date. This provides you with cash flow security as you know now exactly what you will have to pay and do not have to worry about adverse currency movements.

“I expect the invoice from my supplier and to have to pay in three months but the goods arrive early and won’t be released until I pay.”

With Business Foreign Exchange you can pre-deliver your forward transaction. This simply means that you can pay your supplier before the original settlement date to ensure you can take receipt of your goods. Likewise, if your goods are delayed you can extend your transaction and make the payment once your goods have arrived.

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 (PDS) for Business Foreign Exchange (PDF 690kb), issued by the Commonwealth Bank of Australia, and consider it before making any decision about the product.