Security Alert: Scam Text Messages

We’re aware that some nabtrade clients have received text messages claiming to be from [nabtrade securities], asking them to click a link to remove restrictions on their nabtrade account. Please be aware this is likely a scam. Do not click on any links in these messages. nabtrade will never ask you to click on a link via a text message to verify or unlock your account.

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Multi Currency Facility

Hold and manage international currency without having to convert from AUD each time.

Hold and manage currency

Hold and settle trades in the local currency of the market you're trading in (USD, GBP, EUR or HKD). 

Instant transfers

Instantly transfer funds from your nabtrade Cash Account into four foreign currencies: United States Dollars (USD), British Pound Sterling (GBP), Euro (EUR) and Hong Kong Dollars (HKD).

Great value

Take advantage of great brokerage and a competitive foreign exchange rate.

Experience more capability

When trading international shares, you’ll now have more control over how and when currency is converted. The multi-currency facility simply allows you to hold and manage funds in multiple foreign currencies – USD, GBP, EUR and HKD - alongside your AUD balance to settle international trades. 

  • Greater flexibility – buy, hold and settle in USD, GBP, EUR and HKD
  • No minimum balance requirements
  • Stay in control – decide how and when you convert foreign currency
  • Easy foreign currency conversion within your multi-currency facility
View the usage guide
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How to open a Multi Currency Facility Settlement Service 

  • Navigate to Products in the main navigation.
  • Click on the International Trading Account Multi Currency Facility Settlement Service (MCFSS) tile.
  • Follow the prompts, accept the terms and conditions and submit your application.

What are the eligibility criteria for international trading?

Adviser Desktop iPad

How to complete a foreign currency transaction with NAB

  • To add foreign currency funds, navigate to click Transfer & Pay in the main navigation and
    click on Foreign currency.
  • From the From currency dropdown, select your nabtrade Cash Account or your available
    currency holding.
  • From the To currency dropdown, select your To currency.
  • Enter either an amount to convert, or an amount to receive.
  • Select Get quote.
  • You need to confirm the foreign currency transaction. Please ensure you have read the
    quote summary before selecting the confirm transaction button below. Quotes have 60
    seconds before expiring. 
Adviser Desktop iPad

FAQs

  • Navigate to Products in the main navigation.
  • Click on the International Trading account Multi Currency Facility Settlement Service (MCFSS) tile.
  • Follow the prompts, accept the terms and conditions and submit your application.

To be eligible to transact on international markets you will need to meet the following eligibility criteria:

  • All account holders and associated parties including trustees, beneficiaries, directors and controlling persons must be Australian residents for tax purposes and cannot be a resident for tax purposes of any other country.
  • All account holders must reside in Australia with both residential and mailing addresses for all accounts being in Australia. 
  • All individual and joint applicants must provide their current Australian Passport or Australian Driver's Licence. To do this go to Settings > Service notifications and actions. Click on the Outstanding actions tab and complete the outstanding action.  
  • Company, organisations and trusts must be registered in Australia and lodge a US Withholding Tax Treaty Statement. This form must be completed by the primary account holder.  Once  completed return this form to us via email to international@nabtrade.com.au .
  • All account holders must provide their Tax File Number  (TFN)  or exemption code along with ABNs (if applicable). You can check this by going to Settings > Profile > Citizenship and tax residency. If your TFN is not held, please enter it online by clicking Edit.

For security and privacy purposes, please do not email us your TFN.

Before we can activate your international account, we need to verify some information from you to meet our global tax obligations.

 

Individual and Joint accounts 

To activate your international trading  account, you will need to provide:

  • A copy of your Australian Passport or Driver's Licence . To do this go to Settings > Service notifications and actions. Click on the Outstanding actions tab and complete the outstanding action. 
  • Tax File Number (TFN). Ensure your TFN is held by nabtrade for you and any other account holders. You can check this by going to Settings > Profile > Citizenship and tax residency. If your TFN is not held, please enter it online by clicking Edit.

For security and privacy purposes, please do not email us your TFN. 

 

Company, Organisation, SMSF and Trust accounts 

To activate international share trading, please provide:

 

The form and details can be emailed back to international@nabtrade.com.au.

 

Navigate to Portfolio > Statements & Reports and you will be able to access the following reports:

  • Portfolio Holdings Report
  • Total Wealth Snapshot
  • Transactions Report

These are existing reports and will reflect your MCFSS holdings and transactions.

  • You will not be able to make any foreign currency transactions Monday-Friday 6:00-9:30am AEST/AEDT. 
  • You will not be able to make any foreign currency transactions on weekends.
  • You will not be able to receive a quote during foreign currency holidays.
  • This is only applicable to foreign currency transactions. 

  • Funds in your multi-currency facility cannot be transferred to or from external currency accounts, electronically or physically.
  • It is not a foreign currency everyday transaction bank account.
  • It is not a foreign currency trading platform.

Yes, you can transfer your international holdings from your current account into your new multi-currency facility by completing the International Securities Transfer Request form.

 

Important: Transfers must be for the entire quantity of each security you hold. Partial transfers aren’t are not allowed — for example, if you own 50 GOOGLE shares, you must transfer all 50 to your multi-currency facility account (not just 25).

 

To be eligible for the transfer, you must:

  • Have an active international trading account that settles on an Australian Dollar (AUD) basis, and a multi-currency facility enabled international trading account under the same legal entity on the nabtrade platform.
  • Ensure there are no outstanding orders, unsettled trades or inflight corporate actions on your existing AUD-funded international account.
  • Have all required account holders sign the form. For joint accounts, both holders must sign. For companies, either two directors or one director and the company secretary must sign, as per signing authority.

US Dollar (USD)

Trading in US Securities (USD applies when using the Multi Currency Facility Settlement Service to settle International Trades).

Fee typeTransaction sizenabtrade Cash Account
Online tradingUp to and including $1,000.00$9.95
$1,000.01 - $5,000.00$14.95
$5,000.01 - $20,000.00$19.95
Over $20,000.000.11% of trade value
Over the phoneAll$59.95 or 0.55% of trade value (whichever is greater)

British Pound (GBP)

Trading in UK Securities (GBP applies when using the Multi Currency Facility Settlement Service to settle International Trades).

Fee typeTransaction sizenabtrade Cash Account
Online tradingUp to and including £1,000.00£9.95
£1,000.01 - £5,000.00£14.95
£5,000.01 - £20,000.00£19.95
Over £20,000.000.13% of trade value
Over the phoneAll£59.95 or 0.55% of trade value (whichever is greater)

Euro (EUR)

Trading in German Securities (EUR applies when using the Multi Currency Facility Settlement Service to settle International Trades).

Fee typeTransaction sizenabtrade Cash Account
Online tradingUp to and including €1,000.00€9.95
€1,000.01 - €5,000.00€14.95
€5,000.01 - €20,000.00€19.95
Over €20,000.000.13% of trade value
Over the phoneAll€59.95 or 0.55% of trade value (whichever is greater)

Hong Kong Dollar (HKD)

Trading in Hong Kong Securities (HKD applies when using the Multi Currency Facility Settlement Service to settle International Trades).

Fee typeTransaction sizenabtrade Cash Account
Online tradingUp to and including $5,000.00$99.95
$5,000.01 - $25,000.00$150
$25,000.01 - $120,000.00$200
Over $120,000.000.17% of trade value
Over the phoneAll$599.95 or 0.55% of trade value (whichever is greater)

 

Disclaimer
nabtrade is the information, trading and settlement service provided by WealthHub Securities Limited ABN 83 089 718 249 AFSL No. 230704. WealthHub Securities is a Market Participant of under the ASIC Market Integrity Rules and a wholly owned subsidiary of National Australia Bank Limited ABN 12 004 044 937 AFSL No. 230686 (NAB). NAB doesn’t guarantee its subsidiaries’ obligations or performance, or the products or services its subsidiaries offer. This website contains general advice only and has been prepared without considering your objectives, financial circumstances or needs. Before acting on any general advice or information on this page, you should consider the appropriateness of the general advice or information with regard to your objectives, financial circumstances or needs.