Summer holiday on a boat overseas purchased using foreign currency

Foreign Currency Account

Simplify your overseas payments with a Foreign Currency Account in USD, Euro or GBP. Send and receive funds in the same currency, and avoid conversion fees and exchange rate fluctuations.

Key features

Choose an account in USD, Euro or GBP currencies

Enjoy no monthly account keeping fees

Transfer and receive money in the same currency or convert when you need and save on conversion fees

Easy transfer funds via Internet Banking or in-branch

Foreign Currency Account Interest Rates

Amount	USD $	EUR €	GBP £
$0-$9,999	0.00% p.a.	0.00% p.a.	0.00% p.a.
$10,000-$49,999	0.00% p.a.	0.00% p.a.	0.00% p.a.
$50,000-$99,999	0.00% p.a.	0.00% p.a.	0.00% p.a.
$100,000-$249,999	0.00% p.a.	0.00% p.a.	0.00% p.a.
$250,000-$999,999	0.00% p.a.	0.00% p.a.	0.00% p.a.
$1,000,000+	0.05% p.a.	0.00% p.a.	0.00% p.a.

Fees
Account Keeping Fees	$0.00
Cash Deposit and Withdrawal	1% of the transaction amount or minimum $20.00 AUD

If you are a new Bank of Sydney customer, you will need to visit your nearest Branch

If you have an existing Bank of Sydney account, you may visit your local branch or call us on 13 95 00 to open a new Foreign Currency Account.

To receive money from overseas, you’ll need to provide the sender with the following details:

Your account name
Your account number
BSB (bank - state - branch number)
Bank of Sydney’s SWIFT code – LIKIAU2S

At times, the sender’s bank may also require additional details such as your address or your branch address.

Please ensure you provide the sender with full and correct account number and account name, as these are the identifiers used to process the incoming payments to your account.

You can easily send AUD or foreign currency online:

Make sure you have the payee account details handy, including SWIFT codes and IBANs
Login to Internet or Mobile Banking and navigate to ‘Payments/Transfers’
Select ‘International Payments’
Input all transfer details, including the payee’s overseas bank account and amount of transfer
Have your mobile nearby to confirm your payment.

Alternatively, you can visit any of our branches to send money overseas. Note: to use this service you will need to have a Bank of Sydney transaction account.

To send money overseas, you will need the following details for the person receiving the money:

Full name
Personal address
The name of their bank and branch address
Account number and SWIFT code of the foreign bank
You’ll also be asked to provide the reason for the payment.

There can be different processing times for the money to arrive overseas, depending on which country you want to transfer money to.

For Bank of Sydney, international payments will usually be available to the recipient within 2-3 banking days. However, we cannot guarantee this, and in some circumstances it may take longer.

Transfers made on a weekend, a public/bank holiday, or after the cut-off time (3.00pm AEST) will be processed the following business day.