What is changing

From 20th March 2026, foreign currency cash no longer loads into AUD bank accounts in the HUB24 feed. Instead, foreign cash transactions (e.g. USD) will load into separate foreign currency bank accounts.

Why the change is being made

Prior to these changes, all cash transactions including foreign were consolidated into a single AUD account. This caused issues with the AUD bank account including:

• The ledger and feed balance were not reconciled
• Exchange gains/losses from FX trading were not cleanly recorded
• It was difficult to separate AUD and foreign cash transactions

By loading currencies into their respective bank accounts, Class can represent AUD cash and foreign cash separately while streamlining the reconciliation process.

What you need to do

For entities with HUB24 feeds that trade in foreign cash please follow the following steps:

1. Identify impacted HUB24 feeds that trade foreign currency
   • If you require assistance identifying these feeds you can raise a support request for this information 
2. Confirm the currencies traded in your feed
   • You can either determine this by checking the cash transactions loading into Class or check the latest Valuation By Security report loaded into the entity
3. For each currency identified for each feed, you will need to:
   1. In Fund level, click on Investments > Foreign Bank account
   2. Setup the foreign bank account as desired and ensure you select the currency traded
   3. Link that foreign bank account to the HUB24 feed

Reconciling the new bank accounts

Foreign Bank Accounts

You can create a one-off adjustment from the AUD bank account to the foreign bank account, matching the feed balance or the balance difference.

AUD Bank Account

After creating a one-off adjustment for each foreign bank account above, you can create another one-off adjustment from the AUD bank account into another holding account that will represent the FX gain/loss at 30th June 2026.

FAQ

If I have not linked foreign bank accounts before this change what will happen?

Some transactions may be missed until you have linked the foreign bank accounts.

I am missing some transactions - how do I get them to load?

You can use the Request History button to load the historical transactions.

What if my client begins trading foreign cash after 20th March 2026?

You can link foreign bank accounts to your HUB24 feed with the respective currency then the next day you can request history to bring forth any missed foreign cash transactions.