Bank Account for Trading Foreign Currency Ie. AUD to USD

LSS625 on 16/01/2018 - 09:53

Hey there,

I am looking to set up a bank account so that I can transfer AUD into and trade foreign currency, ie AUD to USD then buy back etc.

I can see that Citibank has this service but their minimum amount is $50k AUD. I am only looking at around $10k AUD trading

Anyone found a good bank/exchange for this? with low fees?

Thanks

Comments

ausdday on 16/01/2018 - 10:11

+2

Haven't used it before, but I saw HSBC has it. You can check them out.
http://www.hsbc.com.au/1/2/personal/foreign-exchange/foreign…
GG57 on 16/01/2018 - 10:24

+1

We have used HSBC for some GBP recently. Works well (USD will be the same) but watch the transaction fees if you are trading on a regular basis, and make sure you factor those into your trades.