CommBank USD transfer fees and exchange rates
Eligible Australian CommBank customers can hold USD in a separate Foreign Currency Account linked to an eligible AUD account. CommBank waives the digital transfer fee when an international payment is debited from a Foreign Currency Account.
For a same-currency USD payment, selected transfers may offer an upfront option covering correspondent-bank costs. A recipient bank can still charge, and conversion into or out of USD uses a customer exchange rate that should be compared.
This service is provided through Australian CommBank banking, not a local US retail account.
CommBank and USD commonly asked questions
Can a retail customer open a local CommBank account in the US?
CBA's New York branch supports wholesale and institutional clients and does not provide over-the-counter banking facilities for visiting Australians. USD support on BER refers to eligible Australian CommBank foreign-currency services.
Can an Australian CommBank customer hold USD?
Eligible customers can open a separate USD Foreign Currency Account, but it must be linked to an eligible CommBank AUD account.
How long does a payment take?
CommBank says international transfers usually take one to three business days to process. The destination, cut-off time, intermediaries and recipient bank can make delivery longer.