Debit amount exchange rate option for cross-currency payments – August 2024

From Monday 5 August 2024, Corporate Online provides the option to enter the debit currency amount when making a cross-currency payment before requesting the exchange rate.


Previously, the only option available was to enter the payment amount for the currency of the credit account (which will remain as the default option).

Find out more

  • This is available using the foreign exchange rate setting of Automated Live FX (Australia) or On-Demand market rates (New Zealand)
  • The cross-currency payment must be from a Westpac account held in Australia or New Zealand
  • The cross-currency payment must be to a single beneficiary
  • If you are using an existing beneficiary, they must be unlocked
  • If you are using a new beneficiary and choose the debit amount the option, the ability to save the beneficiary will be available excluding the payment amount
  • The debit amount option is not available when transferring funds from a domestic foreign currency account to an AUD account held in Australia or an NZD account in New Zealand.


Select the link(s) below to learn how to create a payment by entering the debit amount.

From accounts in Australia

Cross-currency payments to existing beneficiaries (Australia) (PDF 632KB)
Cross-currency payments to new beneficiaries (Australia) (PDF 554KB)

From accounts in New Zealand

Cross-currency payments to existing beneficiaries (New Zealand) (PDF 588KB)
Cross-currency payments to new beneficiaries (New Zealand) (PDF 892KB)

We’re here to help

Please contact your Westpac representative if you require further information or go to the Corporate Help Desk contact details and hours of availability.