Frequently Asked Questions
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Yes, we are regulated by the Australian Securities and Investments Commission (ASIC). Our Australian Financial Services Licence Number is 505118.
You may need to provide a range of identification documents (IDs). The documents required will depend on whether you open the account in your name, under your company name or under the name of your trust.
Please note that accounts opened under company/trust names still need to provide the same documentation as an individual as well as the additional documentation.
You can upload your IDs via the Client Portal or by emailing our team at support@currenc.com.au.
Individual and Joint Application
may require a current copy of a primary photo ID (passport or driver’s license) for each applicant OR a current copy of other primary ID (such as a Birth Certificate or Citizenship Certificate) and a recent (within the last 3 months) utility bill (phone, gas, electricity or rates) or bank or building society statement displaying residential address (not PO Box)
If partnership, then supply either partnership agreement or extract of minutes of partnership meeting.
Company Application
Same documents as for an Individual plus all information below:
Full name and residential address of each director and company secretary
Directors signing the application form must provide the same documents as individual applications above
Full name and residential address of any individual who owns more than 25% of the issued capital of the Company
Copy of the Company’s Certificate of Incorporation
If public company:
Same documents as for an Individual plus all information below:
Name of listed company and relevant market/exchange if majority-owned subsidiary of a listed company
Licensing details (if licensed)
Name of relevant market/exchange (if listed)
Copy of the Company’s Certificate of Incorporation.
Trust or SMSF
Copy of the Trust Deed
Trustee(s) who are individuals must provide the same documents as individual applications (above)
Trustee(s) which are companies must provide the additional information as company applications (above).
Client money is kept in accordance with section 981 of the Corporations Act i.e. in a trustable manner and segregated from those funds belonging to the company.
CurrenC does charge a transaction fee for transactions under AUD$10,000 (or foreign currency equivalent) per recipient and no fee for transactions over AUD$10,000 (or foreign currency equivalent) per recipient. A fee of AUD$20 will apply when your transaction amount is under AUD$10,000 (or foreign currency equivalent) per recipient. Additional transaction fees may apply if there is more than one recipient (i.e., if a total amount of more than AUD$10,000 was being sent to more than one recipient, separate Fees would be charged in relation to each recipient who received less than AUD$10,000).