Why use FX-Retail if AU Bank already offers zero forex markup?

SocialFinance Team 19
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AU Bank already charges no markup and no processing fee on outward remittances. Is there any reason to link it to CCIL FX-Retail as well? And is the interbank rate the same as the Google or XE rate?

ccil-fx-retail forex au-bank
1 Answers
  1. Exact rate lock and not dependent on what rate/time AU might trade for my A2 form.
  2. Right now zero forex rate is promotional, and not sure till when this would last.
  3. FX retail also works for inward, so when getting money back from IBKR/Paasa; same markup rate would apply.

IBR rate is same as Google/xe rate

Pankaj Batra5287
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