International payments foreign exchange

About CommBiz International Payments & Foreign Exchange

We will pay the correspondent bank or payment agent fees for cross-currency International Payments, except International Payments in Japanese Yen. Refer to the CommBiz Terms and Conditions for more details.
CommBiz International Payments & Foreign Exchange (IPFX) is an online platform.
Enter into foreign exchange transactions (FX spot or FX forward transactions) or make domestic and international payments in foreign currencies, using your AUD or foreign currency accounts.

Please note: the "Create FX Trade" feature is only available to customers who are onboarded to enter into FX forwards. If you require the capability to enter into FX forward, please speak to your CommBank representative. You can still enter into other foreign exchange transactions in the "Make A Payment" section.
Please refer to the Terms and Conditions relating to the use of IPFX and Special Terms and Conditions relating to FX transactions for IPFX users.
Also see the Foregin Exchange Product Disclosure Statement and the CommBiz Terms and Conditions.

Watch this video demo on how to navigate the CommBiz International Payment & Foreign Exchange (IPFX) experience.

Watch this video demo on how to navigate the CommBiz International Payment & Foreign Exchange (IPFX) experience.

1. Log in using your existing CommBiz ID, password and token
2. Select the Payables tab
3. Select International Payments & FX

Your dashboard provides an overall view and access to:

“Make a payment” - enter into foreign exchange transactions in one place
“Create FX Trade” - allows you to enter into FX forwards . This option is only available to clients who are onboarded with Forward FX limits
“Outstanding FX Trades” - view existing foreign exchange transactions, attach settlement instructions and/or pre-deliver and extend your foreign exchange transactions
"Bulk Settlements" - to import files and bulk settle them using new or existing foreign exchange transactions
"View Foreign exchange transactions that are awaiting action" - including attaching settlement instructions or pending authorisations will display on your dashboard
“View Payments” - gives you access to details of all your same currency transactions
“View FX Trades” - is your deal history with downloadable information for your business needs
“Indicative spot rates” - is a customisable feature where you can update your preferred foreign currency pairs to display on your dashboard