St.George offers competitive Foreign Currency Accounts in all major currencies. Foreign Currency Accounts would mainly suit the business involved in both import and export as a Foreign Exchange Risk management tool. Foreign Currency Overdrafts and Term Deposit services are also available.
Advantages of this type of facility are:
Foreign Currency Overdrafts provide working capital for trade purposes, allowing you to centralise your cash flow and manage it on a day-to-day basis. After consolidating foreign exchange cash flows in the one account, working capital requirements can be funded on finer terms using other financing tools such as multi-currency trade finance.
Other advantages of these overdrafts include:
If you have any questions or want more information, you can contact us online or call us toll free on 1300 665 616.