6 reasons to choose Bendigo for foreign exchange

  1. Competitive business FX rates

  2. Dedicated support and FX services to help your needs

  3. Most satisfied customers of any Australian Bank1

  4. Australia's most highly trusted bank2

  5. Local business specialists

  6. Top 60 ASX Listed Company

How we work with you

With direct access to market specialists we will help you to:

  1. Understand your foreign exchange risks.

  2. Provide you with solutions to meet your needs.

  3. Support you with news and analysis.


Products for businesses at any stage

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.

Forward Exchange Contracts (FECs)

An FEC is an exchange of currency on a future date, at a range agreed today.

  • Forward exchange contracts Fix a foreign exchange rate for a future date.
  • Manage FX exposures
    in major currencies for up to 3 years.
  • FEC trading limits are subject to credit approval.

Foreign Currency Accounts

These deposit accounts allow you to manage and control your international cash flow.

  • Sending & receiving payments in foreign currency
  • Make investments in foreign currency

Foreign Currency Options

This product solution provides the buyer of the option the right to buy or sell one currency amount at an agreed rate on a specified delivery date.

  • Foreign currency options to business customers
  • Active hedging of foreign exchange risk for future obligations.
  • Options are available for exposures equal to or in excess of AUD $50,000.

Not sure which product is for you?

We can help you choose.

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.

View down the aisle of a large warehouse.

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.


Workers box and send package orders.

Import letter of credit

An import letter of credit allows you to improve your cash flow by deferring advance payments for goods, and gaining more favourable payment terms.


Worker and manager completing stock take on warehouse floor.

Export letter of credit

Once you have received a letter of credit issued by the buyer's bank, we can ensure you receive payment.

  • We do this by 'confirming' the letter of credit to take on the risk of obtaining the payment from this bank.


Workers unloading shipping containers onto the docks.

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.


Man receives a boxed delivery from a courier.

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.


Need more information?

We can help.

Manage my transactions

If your everyday business transactions involve dealing in foreign currency, you understand the importance of keeping track of your purchases and receipts.

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Transaction accounts

No matter your size or the volume of your transactions, we'll have a transaction account to suit your needs.

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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.

Young woman standing in an office smiling

Savings accounts

Savings accounts for all business types

Not sure which product is for you?

We can help you choose.

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.

Sending International Drafts

An international draft is a secure, cost effective way to send non-urgent payments overseas.

  • Available in 16 major currencies
  • Acceptable in most countries
  • Available to Bendigo Bank account holders from any of our branches

Receiving Foreign Cheques

Deposit foreign cheques, international money orders or international bank drafts directly into your Bendigo Bank account.

  • A 28 day hold is required on the foreign cheque then converted into your Bendigo Bank account
  • Improved exchange rates for foreign cheques that are AUD30,000 or greater in value

Not sure which product is for you?

We can help you choose.

Additional Information

1. Roy Morgan 2018

2.Mozo People's Choice Awards 2018