Keep your transactions simple and secure when you work with businesses overseas.
6 reasons to choose us for foreign exchange
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1Competitive business FX rates
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2Dedicated support and FX services to help your needs
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3Australia's most trusted bank^
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4Caring for 2.5 million customers in over 500 locations Australia-wide
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5Local business specialists
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6A top 100 ASX listed company with more than 110,000 shareholders
Products for businesses at any stage
Manage FX exposure
Manage FX exposure
When overseas markets rise and fall, foreign exchange rates fluctuate. If you trade internationally, you know how important it is to protect your business from such exposure.
Import/export
Managing your international trade is easy
When you import and export goods, knowing your rights and ensuring the security and protection of your business is essential.
Trade advance
A trade advance provides funding for up to 180 days for import, export or domestic stock purchases, allowing your business greater cash flow flexibility.
Documentary import letter of credit
An import letter of credit provides you with the means to reduce certain risks associated with importing. We can assist with the setting up of your import letters of credit which can help your cash flow.
Documentary export letter of credit
We can receive your export letters of credit and assist in the presentation of documents to the buyers bank and the receipt of payment.
Documentary collections
Documentary collections are a secure way to control your export or import documents.
Well established bank to bank document transmission processes provide greater control over international payments.
Performance bonds
Exporters use performance bonds as a tool to give our overseas customers security that they will deliver on a contract.
We can issue bonds and guarantees in all major currencies to support your contracts.
Manage my transactions
Manage my transactions
Transaction accounts
No matter your size or the volume of your transactions, we'll have a transaction account to suit your needs.
Specialty accounts for all business types
For businesses that receive money on behalf of their clients and are required by law to hold this money in trust.
Payment methods
Payment methods
If your business sends or receives funds in foreign currency, we have a range of international payment methods to help streamline this process.
Important updates for foreign cheque deposits
Due to evolving customer preferences, a global decline in the use of paper cheques and fewer in-person foreign cheque and bank draft payment requests, the Bank is making changes to the services we provide as follows:
New Accounts:
- A foreign cheque deposit will not be accepted when opening a new account.
- From 7th April 2023, we will no longer accept foreign cheque deposits or provide international drafts in any currency.
Existing Accounts:
- From 30th June 2023, we will no longer accept foreign cheque deposits or provide international drafts in any currency.
Should you have an ongoing need for funds to be received from or sent to outside of Australia please refer international money transfers (IMT).
Tools & resources
To run your business efficiently, you need the right tools and resources.
More information
Things you should know
Target Market Determinations for products are available.
^ Roy Morgan Risk Monitor 2024. Customers of Bendigo and Adelaide Bank Limited.
