- Government regulated
- Supports 50+ currencies
- Uses the mid-market rate
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
If you regularly send or receive payments in a currency other than AUD, you might want to open a multi-currency account.
Offered by some banks and international money transfer services, these accounts let you hold funds in multiple currencies. This means you can make payments in different local currencies around the world and lock in a better exchange rate when you want to convert funds back to AUD.
If you want to open a USD account in Australia, keep reading to find out how.
Check out the table below to compare the fees and features of USD accounts from a range of providers.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
You can open a USD account by completing the following steps:
To give you a better idea of how multi-currency accounts work, let's take a look at the process of opening a Wise Borderless Account.
You'll need to consider the following fees when opening and managing a multi-currency account:
Some of the features of a USD account include the following:
A USD account can be a useful tool for a wide range of people, including the following:
However, if you're only going to be spending a short time in Australia – like if you're vacationing Down Under for a couple of months – a travel money card offers a simpler way to manage your funds.
There are several reasons why it makes sense to open a USD account:
Before you open a USD account, make sure you're aware of the following drawbacks and potential problems:
If you regularly receive payments in USD, a multi-currency account can help you access superior exchange rates, ensuring that more money ends up in your pocket.
However, make sure you compare a variety of USD accounts before deciding which one is right for your needs.
MasterRemit allows you to transfer your money quickly in a range of currencies.
Learn about how TransferMate’s personal product works and what it can do for you.
Make simple and small transfers to the Philippines through the IREMITX app.
Using international money orders to send money overseas? Learn about better options.
Our picks for the best ways to send money internationally.
Learn how to create a custom link for your PayPal account and what you can use it for.
If you’re looking to save some cash the next time you send money overseas, check out our up-to-date SingX promo codes.
We've unpacked the most recently available data from the World Bank to get an idea of how much money is being sent around the globe.
To find the best rate for your next money transfer, check out our comparison of the fees, exchange rates and transfer speeds of Western Union and MoneyGram.
Your guide to international money transfers with SingX, including exchange rates, fees and safety.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.