Does NAB offer different foreign exchange rates?

NAB offers different foreign exchange rates depending on what you need to do, but it can be confusing. Use the calculator below and find out what your exchange rate will be when you buy/sell foreign currency in cash, transfer money overseas or receive money into your account. Indicative rates as at 12:00 AM 12 Dec 2021

Does NAB charge a fee to buy currency?

Make sure you have some I.D. with you, because this is a requirement for any transaction. NAB doesn't charge a fee to order currency to be picked up at a branch. If you want to pay for your currency using a credit or debt card, there are card processing fees. Please note, NAB do not give you the wholesale exchange rate you see on Google or XE.com.

How does NAB book foreign exchange transactions?

Once your order executes, NAB books a foreign exchange transaction for you to match the settlement period of the trade. This allows you to lock in the exchange rate at which you will exchange Australian dollars into the relevant foreign currency, or vice versa, on the day that your international securities transaction settles.