Your browser version is no longer supported, so you may experience issues while using this site.
Please upgrade to a current browser to enjoy the best experience.

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 overseas business transactions, import or export or have affiliations with international organisations, our Treasury Foreign Currency Deposit Accounts make it easy for you.  You can deposit or withdraw in your chosen currency, avoiding costly conversion fees.

Key features

  • Deposit money in the currency of your choosing (see list below)
  • Transact in that currency, or convert to AUD when you need to
  • Minimum deposit of the equivalent of $25,000 AUD (negotiable). 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  • Transactions can only be made by electronic transfer – foreign cash/notes or cheques can’t be deposited or withdrawn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 fixed term deposit to earn higher interest rates

Access your account through our Treasury Specialists

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

At-call Accounts

You can transact on any business day with a minimum of AUD $5,000 for each deposit and withdrawal.

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 Specialist can advise you of these.

Fixed Term Deposit Accounts

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 France

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

Product Features Booklet

For more information about the Foreign Currency Deposit Account, download our Product Features Booklet.

Contact a Treasury Specialist

Call us on 1300 557 818

International Trade Products are provided by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence number 229882. To approved applicants only. Fees, charges, terms and conditions apply and are available on request.
A foreign currency facility is affected by exchange rate movements that may result in a higher net funding cost (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 with a foreign currency facility seek independent financial advice in respect of the risks associated with such a facility and the financial products available to help minimise that risk.