Bank account charge
Feb 27th 2012, 9:51 pm
#1
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Bank account charge
Is it normal to pay a monthly fee for an Australian bank account, just looking at banking options and an ANZ Access Advantage account is $5 a month...ok it's not a lot but is it the norm to pay for an account?
Feb 27th 2012, 9:54 pm
#2
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Re: Bank account charge
But you can avoid it with most banks by simply having a minimum amount going into your account each month.... Usually your wages is enought to cover that.
Feb 27th 2012, 10:05 pm
#3
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Joined: Apr 2005
Location: Chippendale, Sydney
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Re: Bank account charge
Only if you want to pay it. There are plenty of fee free banking alternatives out there.
I bank with Citibank, and there are no fees at all.
S
Feb 27th 2012, 10:06 pm
#4
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Re: Bank account charge
That's reasonably cheap. Australian banks charge at will, there is no escaping it. If you walk into a bank, they will charge a fee for walking and breathing...oh yes.. and the bank clerks won't even crack a smile or snigger as they look you in the eye as you carry out the transaction, knowing that each stroke of the pen and press of the keypad costs you.
I couldn't find an Australian bank in Australia that didn't charge for having an account or for routine transactions.
I'm sure someone will come along a try and disprove me, but they'll have a hell of a job as Australian Banks in Australia are notorious for being a rip off.
I couldn't find an Australian bank in Australia that didn't charge for having an account or for routine transactions.
I'm sure someone will come along a try and disprove me, but they'll have a hell of a job as Australian Banks in Australia are notorious for being a rip off.
Feb 27th 2012, 10:10 pm
#5
has lost The Game
Joined: Apr 2005
Location: Chippendale, Sydney
Posts: 8,735
Re: Bank account charge
That's reasonably cheap. Australian banks charge at will, there is no escaping it. If you walk into a bank, they will charge a fee for walking and breathing...oh yes.. and the bank clerks won't even crack a smile or snigger as they look you in the eye as you carry out the transaction, knowing that each stroke of the pen and press of the keypad costs you.
I couldn't find an Australian bank in Australia that didn't charge for having an account or for routine transactions.
I'm sure someone will come along a try and disprove me, but they'll have a hell of a job as Australian Banks in Australia are notorious for being a rip off.
I couldn't find an Australian bank in Australia that didn't charge for having an account or for routine transactions.
I'm sure someone will come along a try and disprove me, but they'll have a hell of a job as Australian Banks in Australia are notorious for being a rip off.
That's why I bank with an American bank in Australia.
Citibank Plus Account
S
Feb 27th 2012, 10:11 pm
#6
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Re: Bank account charge
That's reasonably cheap. Australian banks charge at will, there is no escaping it. If you walk into a bank, they will charge a fee for walking and breathing...oh yes.. and the bank clerks won't even crack a smile or snigger as they look you in the eye as you carry out the transaction, knowing that each stroke of the pen and press of the keypad costs you.
I couldn't find an Australian bank in Australia that didn't charge for having an account or for routine transactions.
I'm sure someone will come along a try and disprove me, but they'll have a hell of a job as Australian Banks in Australia are notorious for being a rip off.
I couldn't find an Australian bank in Australia that didn't charge for having an account or for routine transactions.
I'm sure someone will come along a try and disprove me, but they'll have a hell of a job as Australian Banks in Australia are notorious for being a rip off.
Feb 27th 2012, 10:15 pm
#7
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Re: Bank account charge
We dont pay fees with our nab account. we set up the migrant account from the uk and transferred money through moneycorp. you only get a cashcard initially but we got a debit card through within 10 days - though again we had to go individually and collect them.
Feb 27th 2012, 10:17 pm
#8
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Re: Bank account charge
That's reasonably cheap. Australian banks charge at will, there is no escaping it. If you walk into a bank, they will charge a fee for walking and breathing...oh yes.. and the bank clerks won't even crack a smile or snigger as they look you in the eye as you carry out the transaction, knowing that each stroke of the pen and press of the keypad costs you.
I couldn't find an Australian bank in Australia that didn't charge for having an account or for routine transactions.
I'm sure someone will come along a try and disprove me, but they'll have a hell of a job as Australian Banks in Australia are notorious for being a rip off.
I couldn't find an Australian bank in Australia that didn't charge for having an account or for routine transactions.
I'm sure someone will come along a try and disprove me, but they'll have a hell of a job as Australian Banks in Australia are notorious for being a rip off.
Feb 27th 2012, 10:18 pm
#9
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Re: Bank account charge
Can you tell me what accounts you have? I am surprised there are Australian Bank accounts with no fees.
Feb 27th 2012, 10:38 pm
#10
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Joined: Nov 2006
Location: Blue Mountains, NSW
Posts: 5,523
Re: Bank account charge
Forget your monthly fee
We will waive your monthly fee if you:
Are under 21 years old;
Opened your account after 1 June 2010 and deposit at least $2,000 each calendar month and from 17 October 2011, if you are 21 to 24 years old you will be exempt from monthly account fees if you deposit at least $1000 into the account each calendar month (excludes Bank initiated transactions);
Have a balance of $50,000 or more in eligible contributing accounts;
Have your aged or war veterans pension deposited into this account; or
Are currently part of a Wealth Package where the annual fee is paid.
We will also waive your monthly account fee if you let us know that you are:
A student at an education institution located in Australia or are undertaking an Australian apprenticeship. You must show us suitable student identification.
Reliant on over-the-counter services because of a disability preventing you using electronic banking facilities. The exemption will apply to a nominated account.
For more details please see our Transaction, Savings and Investment Accounts General Information and Terms and Conditions, available online or from any branch of the Bank.
We will waive your monthly fee if you:
Are under 21 years old;
Opened your account after 1 June 2010 and deposit at least $2,000 each calendar month and from 17 October 2011, if you are 21 to 24 years old you will be exempt from monthly account fees if you deposit at least $1000 into the account each calendar month (excludes Bank initiated transactions);
Have a balance of $50,000 or more in eligible contributing accounts;
Have your aged or war veterans pension deposited into this account; or
Are currently part of a Wealth Package where the annual fee is paid.
We will also waive your monthly account fee if you let us know that you are:
A student at an education institution located in Australia or are undertaking an Australian apprenticeship. You must show us suitable student identification.
Reliant on over-the-counter services because of a disability preventing you using electronic banking facilities. The exemption will apply to a nominated account.
For more details please see our Transaction, Savings and Investment Accounts General Information and Terms and Conditions, available online or from any branch of the Bank.
Feb 27th 2012, 11:19 pm
#11
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Re: Bank account charge
Feb 27th 2012, 11:31 pm
#12
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Re: Bank account charge
Feb 27th 2012, 11:35 pm
#13
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Feb 27th 2012, 11:54 pm
#14
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Re: Bank account charge
Fee free banking is out there if you are prepared to look. Those monthly fee bank accounts are very popular in the UK.
Feb 27th 2012, 11:57 pm
#15
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Re: Bank account charge
I'm with ANZ and pay nothing for a current account with Visa Debit.