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The Bank's Hidden Tax on Cross Border Business

26 Nov 2026
Seminar Theatre 4

Every Australian business that imports or sells overseas faces a silent profit killer — and it's not currency volatility. It's the banking system itself.

While you focus on growing revenue, negotiating with suppliers, and winning customers, your banking relationships are quietly eroding around 5% or more of your international transaction value. That's not a small fee — it can add up to thousands.

This session pulls back the curtain on how banks profit from your global trade — and, more importantly, how smart CFOs and business owners are taking that money back and reinvesting it into growth.

By the end of this session, you will:

Identify Hidden Costs — Understand exactly where your bank is making money on your international transactions (most businesses have no idea)

Quantify the Impact — Learn to calculate your true cost of cross-border payments and see the real dollar figure you're losing annually

Discover Better Strategies — Explore the payment structures, timing tactics, and banking alternatives that protect your margins

Build an Action Plan — Walk away with a 30-day checklist to audit your banking relationships and implement immediate improvements

Shift the Mindset — Stop viewing international payments as a finance admin task and start treating them as a strategic profit lever

Speakers
Jim Vrondas, Country Manager - WorldFirst