Which Bank?
Mar 5th 2006, 2:26 pm
#16
.
Joined: Nov 2004
Posts: 21,374
Re: Which Bank?
We now bank with St.George their service is second to none 
Mar 5th 2006, 2:33 pm
#17
Lost in BE Cyberspace
Joined: Mar 2003
Posts: 9,397
Re: Which Bank?
ING linked to HSBC online banking: no charges and both pay interest. Search.
Mar 5th 2006, 3:37 pm
#18
BE Enthusiast
Joined: Sep 2004
Location: From Bradford to Brisbane
Posts: 773
Re: Which Bank?
Originally Posted by fraser
We now bank with St.George their service is second to none
a) Better service
b) Even though the monthly fee $6 ($1 more than Commonwealth) it is unlimited transactions
c) Because St George isn't as well represented here in QLD, they allow you use the atms of the other 4 major banks free of charge.
d) They will give us a VISA Debit card - we're credit card free and want stay that way!
However, I've gotta say Suncorp were pretty close.
Obviously this is my situ in queensland.
Mar 5th 2006, 3:41 pm
#19
ah-beng
Joined: Aug 2004
Location: ^.^
Posts: 3,113
Re: Which Bank?
Originally Posted by matt-and-jenny
We're thinking of switching to St George from Commonwealth for these reasons:
a) Better service
b) Even though the monthly fee $6 ($1 more than Commonwealth) it is unlimited transactions
c) Because St George isn't as well represented here in QLD, they allow you use the atms of the other 4 major banks free of charge.
d) They will give us a VISA Debit card - we're credit card free and want stay that way!
However, I've gotta say Suncorp were pretty close.
Obviously this is my situ in queensland.
a) Better service
b) Even though the monthly fee $6 ($1 more than Commonwealth) it is unlimited transactions
c) Because St George isn't as well represented here in QLD, they allow you use the atms of the other 4 major banks free of charge.
d) They will give us a VISA Debit card - we're credit card free and want stay that way!
However, I've gotta say Suncorp were pretty close.
Obviously this is my situ in queensland.
Mar 5th 2006, 3:44 pm
#20
New South Welshie
Joined: Sep 2003
Location: Up in the Hills
Posts: 282
Re: Which Bank?
Originally Posted by killamarsh
I spoke to Commonwealth Bank in London and they stated I could open a account here and deposit money from here when I wanted which is ideal for the transfer of funds from a house sale. I found their number on the internet. I don't think any of the other banks can do this as they don't have any customer facing branches.
Obviouly you have to go into a branch once you get to Oz, but I don't feel very comfortable transfering a large amount of money from a house sale to a acount that dosent exist or thorugh some company that may not be based in OZ.
Obviouly you have to go into a branch once you get to Oz, but I don't feel very comfortable transfering a large amount of money from a house sale to a acount that dosent exist or thorugh some company that may not be based in OZ.
Commonwealth were excellent in this respect. Had no issues with them, and they were very helpful and professional throughout. We'll be staying with them.
Mar 5th 2006, 6:17 pm
#21
Guest
Posts: n/a
Re: Which Bank?
Originally Posted by killamarsh
I spoke to Commonwealth Bank in London and they stated I could open a account here and deposit money from here when I wanted which is ideal for the transfer of funds from a house sale. I found their number on the internet. I don't think any of the other banks can do this as they don't have any customer facing branches.
ANZ - http://www.anz.com/aus/promo/internresaccount/
&
Westpac - http://www.westpac.com.au/internet/p...g+to+Australia
and those both do $5 per month unlimited transactions accounts.
And maybe others...
Mar 6th 2006, 12:13 am
#22
BE Enthusiast
Joined: Oct 2005
Location: Blighty
Posts: 950
Re: Which Bank?
Originally Posted by spalen
If you are opening an account to transfer money - then this is not a good thing to do. You are better off using a foreign exchange broker HIFX (www.hifx.com) or www.tranzfers.com are two. Tranzfers are more friendly and have had better feedback on here + other sites - if you do register use my referral id if you like so i get more brownie points http://www.tranzfers.com/refer.asp?r=ijcollins
Do Not exhange your money at post office / via your bank - they will really cream money off you cmpared to the deal you get at HIFX or Tranzfers.
Finally - Read the insiders guide to foreign exchange article on BE under articles, written by the chap who runs Ozforex/Tranzfers - its pretty impartial and good advice contained therein.
Do Not exhange your money at post office / via your bank - they will really cream money off you cmpared to the deal you get at HIFX or Tranzfers.
Finally - Read the insiders guide to foreign exchange article on BE under articles, written by the chap who runs Ozforex/Tranzfers - its pretty impartial and good advice contained therein.
I recall reading something similar to this happening to someone.
Surely a large bank corporation is less likely to goes bust.
TC
Mar 6th 2006, 12:18 am
#23
ah-beng
Joined: Aug 2004
Location: ^.^
Posts: 3,113
Re: Which Bank?
Originally Posted by touchingcloth
What if Transferz goes bust while your money is being transferred?
I recall reading something similar to this happening to someone.
Surely a large bank corporation is less likely to goes bust.
TC
I recall reading something similar to this happening to someone.
Surely a large bank corporation is less likely to goes bust.
TC
Ive never heard of anyone losing money that way - but to be frank I didnt really look !. Check out tranzfers website - and the 'about us' section then read the ASIC piece. They are regulated so pretty safe I'd say but you need to assure yourself.
Mar 14th 2006, 1:13 pm
#24
SuzieB
Joined: Feb 2006
Location: Sydney-ping-London-pong-Sydney
Posts: 98
Re: Which Bank?
Originally Posted by sean trethewey
Can you open a bank account in Australia before you get there to transfer funds and access cash. 
I'm a fellow Plymothian - nice to see people from my home town on here!
I opened an account with Commonwealth Bank Migrant Banking division in London - they have a v good internet site and its been v v straightforward. When i got here, walked into the bank here and they had my debit card all ready for me. Has been totally hassle free.
Good luck! when do you arrive?
Suzie B
