If you receive foreign currency and don't want to convert it or spend it immediately then deposit the funds in a BankWest Foreign Currency Account and receive a competitive rate of interest.

At BankWest you'll have access to a team of foreign currency account specialists.  You can feel confident that you are dealing with someone who understands your requirements.

BankWest offers the reassurance of an excellent credit rating  and the backing of HBOS plc. 

If it suits your business to keep your funds at call and you maintain a minimum balance equivalent to $A20k then there are no transaction fees.  You can access your money at short notice.

If your funds are kept on Term Deposit and you maintain a minimum balance of $A100k then there are no transaction fees. You can select the term, and the interest rate is fixed at the outset. If your balance falls below the minimum - or you need to access your funds before the deposit matures, fees may apply and the interest may be adjusted.

• Foreign currency deposit accounts for your trading currencies.
• Access to foreign currency deposit experts.
• Competitive interest rates.
• No transaction fees if minimum balances maintained.
• Strong credit rating and backed by HBOS plc.