Traditional Providers
Open an Australian Dollar Business Account
Open an AUD business account and operate across Australia with confidence. Hold, send, and receive AUD with access to NPP for domestic flows and SWIFT for international transfers. Manage your AUD balances with clear control over every transaction.
Reduce FX friction and simplify international transfers
Unique account details in your company’s name (where applicable)
Access Australian payment rails for domestic payments
Suitable for international operations, non-resident directors, and multi-jurisdictional ownership
Australian Dollar
Currency name
AUD
ISO code
$
Currency symbol
What’s Included with
Your Australian Dollar Business Account
A dedicated AUD account integrates your business into Australia’s domestic rails, reducing reliance on costly FX conversions and simplifying relationships with Australian partners and clients.
Key Benefits
Local BSB and account number in your company’s name.
NPP for instant domestic transfers; Direct Entry for bulk payments.
RITS for high-value, same-day settlement; SWIFT for global reach.
Control AUD balances for strategic FX execution.
The Risk of Not Having an Australian Dollar Business Account
Operating in AUD without a dedicated account exposes your business to unnecessary costs, friction, and credibility gaps with Australian partners.
FX erosion:
Repeated, unplanned conversions compress margins.
Payment delays:
SWIFT-only routes add intermediaries, days, and fees.
Counterparty friction:
Local partners prefer AUD transfers to domestic accounts.
Compliance hurdles:
Paying taxes and payroll without an AUD account can be challenging.
Who We Serve
Our AUD Business Accounts Are Designed for
We support a wide range of internationally minded businesses. From fast-growing companies expanding into Australia to established global organisations managing complex operations.
Global Corporates
Centralise AUD receivables, fund suppliers and payroll, and align AUD costs with AUD revenues for cleaner margins.
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Funds & Institutions
Manage capital calls and distributions in AUD with role-based approvals and clear audit trails.
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Private Equity
Efficient AUD flows for deals, fees, and SPV/holdco structures with policy-driven FX.
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Family Offices
Discreet AUD management for assets, commitments, and inter-entity transfers under tight permissions.
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The All-in-One Platform
Banq Global vs. Traditional Providers
Open business accounts (20+ countries)
Open multi-currency accounts (30+ currencies)
Preferential exchange rates (130+ currencies)
Receive global payments (190+ countries)
Make global payments (190+ countries)
Currency risk management
Mass payments
Trade finance
All-in-one platform
Dedicated relationship manager
Business Account - Step by Step
How to Open an Australian Dollar Business Account
A clear, expert-led process that reduces rework, shortens decision time, and maintains certainty.
01
Scoping & Fit
We review your structure, directors, UBOs, and AUD flows to confirm feasibility and align the account with your treasury needs.
02
Document Pack
A precise, tailored checklist for your entity type and structure, minimising rounds of clarification.
03
Compliance Review
Disciplined AML/KYC due diligence with prompt Q&A and clear status visibility.
04
Account Issuance
Your AUD account is opened in your company’s name with unique BSB/account details and SWIFT access for global transfers.
05
Go-Live & Controls
Users, roles, approvals, payment templates, and FX policy (including market orders) configured to your standards.
Australian Dollar Business Account - FAQs
Opening an AUD account raises questions on eligibility, payment rails, non-resident onboarding, and compliance. Below are answers to the questions global finance teams ask most often.