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Considering customer needs

You ask Luis a few more questions and you find that:

Luis has a Smart Access account set up for local purchases and uses NetBank and the CommBank app to manage his personal finances.

Luis is aware of FX movements and wants to minimise his exchange rate risk and have control of when and how much of his money he can convert to AUD.

In the International tab, he saw the Foreign Currency Account.

Click the computer monitor to find out more.

Foreign Currency Account

This account allows you to deposit or withdraw money online or at selected CommBank branches.

It also allows you to send an International Money Transfer or buy an International Bank Draft in the currency held in the account. Some of the account features enable the account holder(s) to:

  • Choose major global currencies and convert funds when needed to save on conversion costs
  • Hold foreign currency in Australia while earning interest on selected currencies
  • View real-time account information and manage this online, including fee-free transfers between linked Commonwealth Bank accounts.
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