Find out more about Commonwealth Bank travel and foreign exchange. Learn where, when and how to buy foreign exchange for overseas travel. Includes the most common fees, charges and exchange rate commissions.

 

How to Buy Travel Money

There are three ways you can get some foreign currency for your next overseas trip – in a branch, from an ATM or online.

Branch

Most CBA branches will have a limited stock of the most common currencies. If you want to check the exchange rate before you go in, click here. If you need a larger amount of currency or are travelling to a less common country, ordering online and picking it up in the branch may be a better option.

Ordering Online

You can order travel money online through ExpressFX. It has a handy feature that allow you to nominate the demoninations of the currency you are buying. You can choose either small, large or mixed. You can pick up the currency from most CBA branches and will need to pay for the currency (usually through BPAY) before the order can be finalised. Allow 2 to 3 business days for the money to be delivered to your pick up point.

ATM’s

ATMs hold 5 currencies: US Dollars, Euros, Great British Pounds and New Zealand Dollars. You can buy up to $1000 worth of currency at a time and will be charged $8.

 

Charges, Fees and Commissions

CBA charges a fee of 1% of any currency bought or sold. There is a minimum fee of $8.

 

 

 

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Helping You Save Money on Currency

Buying travel money or transferring money overseas can be expensive and confusing. So how do you make the best choice and get the most out of your money?

An easy way is to use a comparison table for either international money transfers or currency exchange. These tables list and compare the banks with other large foreign exchange companies.

We’ve also put together tons of helpful videosguides and reviews that will help you make the right decision. You can work out a cheaper way of converting currency while still keeping your money safe.