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Treasury Foreign Currency Deposit Account

Make transactions in foreign currencies and save on conversion fees.

Why choose a Foreign Currency Deposit Account?

Whether you make regular or occasional foreign currency transfers for your business, seek to hold foreign currency in an account, or preserve and grow your foreign currency capital, you may wish to ask us about our Treasury Foreign Currency Deposit Accounts.

Key features

  • Deposit money in the currency of your choosing (see list below)
  • Transact in that currency, or convert to AUD or another listed currency when you need to
  • Minimum deposit of the equivalent of $25,000 AUD for foreign currency fixed term deposit. This can be made up of multiple currencies 
  • Transactions can only be made by electronic transfer – foreign cash/notes or cheques can’t be deposited or withdrawn
  • Funds at-call or lock away in a foreign currency fixed term deposit to potentially earn higher interest rates

Access your account through our Treasury Representatives

Our Treasury Representatives can help you with making your transactions through electronic transfer.

Foreign Currency At-call Deposit

You can transact on any business day 

Please make sure that you’re aware of the Close Off times for deposits or withdrawals, as these vary depending on the time zone/country in question. Your Treasury Representative can advise you of these.

Foreign Currency Fixed Term Deposit 

Generally, you can’t access your funds until the end of the agreed term. If you need to break your term, we may be able to negotiate a solution with you, depending on your circumstances. 

Available currencies

Currency

Code

At-call Deposit Account

Fixed Term Deposit Account

Canadian Dollar

CAD

Swiss Franc

CHF

Chinese Yuan (limited transactional capability)

CNY

Danish Kroner

DKK

Euro

EUR

Fiji Dollar

FJD

Great British Pound

GBP

Hong Kong Dollar

HKD

Indian Rupee

INR

Japanese Yen

JPY

Norwegian Kroner

NOK

New Zealand Dollar

NZD

PNG Kina

PGK

Philippine Peso

PHP

Swedish Kroner

SEK

Singapore Dollar

SGD

Thai Baht

THB

United States Dollar

USD

South African Rand

ZAR

Contact a Treasury Representative

Call us on 1300 557 818

Exchange rate movements may result in a higher cost to you (i.e. exchange rate movements may cost you more or cause you losses). Suncorp Bank has products available that can help minimise the financial risks associated with exchange rate movements. Suncorp Bank recommends that a customer seek independent financial advice in respect of the risks associated with foreign currency and the financial products available to help minimise that risk.