Bank Account in Oz
May 18th 2003, 10:49 am
#1
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Location: Kawana Island, QLD
Posts: 254
Bank Account in Oz
Hi Guys,
Would it be possible for me to open a bank account in Oz from the UK?
Also what implications would this have? I am no financial expert so please put this in easy to understand chunks!
My fioncee is an Ozie citizien so would we be able to open a joint account over there?
Cheers for your help in advance
Anthony
Would it be possible for me to open a bank account in Oz from the UK?
Also what implications would this have? I am no financial expert so please put this in easy to understand chunks!
My fioncee is an Ozie citizien so would we be able to open a joint account over there?
Cheers for your help in advance
Anthony
May 18th 2003, 11:46 am
#2
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Location: Ping Ponged York via Melbourne and now pinged to Ferny Hills, Brisbane
Posts: 1,177
Re: Bank Account in Oz
Originally posted by anthonykirby
Hi Guys,
Would it be possible for me to open a bank account in Oz from the UK?
Also what implications would this have? I am no financial expert so please put this in easy to understand chunks!
My fioncee is an Ozie citizien so would we be able to open a joint account over there?
Cheers for your help in advance
Anthony
Hi Guys,
Would it be possible for me to open a bank account in Oz from the UK?
Also what implications would this have? I am no financial expert so please put this in easy to understand chunks!
My fioncee is an Ozie citizien so would we be able to open a joint account over there?
Cheers for your help in advance
Anthony
Number 0207 7103990
You are able to set up an account here and have the exchange rate monitored and when it reaches a rate you are happy with they exchange the money over into Aus$ and on arrival in Oz have a meetign with the bank where all cards etc.. will be awaiting you for immediate use
Hope this helps
Jo
May 18th 2003, 12:17 pm
#3
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Location: Kawana Island, QLD
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Thanks
Thats very helpful - thanks a lot.
Will ring them tonight!
Cheers
Anthony
Will ring them tonight!
Cheers
Anthony
May 18th 2003, 12:21 pm
#4
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Location: Ping Ponged York via Melbourne and now pinged to Ferny Hills, Brisbane
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Re: Thanks
Originally posted by anthonykirby
Thats very helpful - thanks a lot.
Will ring them tonight!
Cheers
Anthony
Thats very helpful - thanks a lot.
Will ring them tonight!
Cheers
Anthony
Its in London so I would try in the morning. Doubt the bank will be open tonight
Jo
May 18th 2003, 12:23 pm
#5
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Location: Kawana Island, QLD
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Ahhh.
Sorry - for some bizarre reason thought the number was an Oz one!
Will phone in the morning.
Where in Oz you going to ? When u arriving ?
Anthony
Will phone in the morning.
Where in Oz you going to ? When u arriving ?
Anthony
May 18th 2003, 12:26 pm
#6
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Location: Ping Ponged York via Melbourne and now pinged to Ferny Hills, Brisbane
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Re: Ahhh.
Originally posted by anthonykirby
Sorry - for some bizarre reason thought the number was an Oz one!
Will phone in the morning.
Where in Oz you going to ? When u arriving ?
Anthony
Sorry - for some bizarre reason thought the number was an Oz one!
Will phone in the morning.
Where in Oz you going to ? When u arriving ?
Anthony
Fingers crossed won't be long after that
Jo
May 18th 2003, 1:10 pm
#8
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Joined: Apr 2003
Location: Melbourne
Posts: 88
Try banks like ANZ and St Georges.
Alot friendlier and in my experience lower fees than Commonwealth.
Alot friendlier and in my experience lower fees than Commonwealth.
May 18th 2003, 1:27 pm
#9
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Joined: Apr 2003
Location: Townsville
Posts: 2,106
Also worth looking at is HSBC if u like internet and telephone banking.
The fees are practically non existanct...but the drawback is.....HSBC branches in Aus are practically non existant
Saying that, im with first direct over here and i hav'nt needed to actually go into a bank for a good few years.
Cheers
Pete.
The fees are practically non existanct...but the drawback is.....HSBC branches in Aus are practically non existant
Saying that, im with first direct over here and i hav'nt needed to actually go into a bank for a good few years.
Cheers
Pete.
May 18th 2003, 2:05 pm
#10
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Joined: Jun 2002
Location: Gold Coast- the best place in the world
Posts: 3,196
HSBC also pay you quite a good rate of interest on your account if you have $1000 orover. At my last look they paid 4.3%.
I have heard a lot of bad press about The Commonwealth bank. They charge you for everything.
I have heard a lot of bad press about The Commonwealth bank. They charge you for everything.
May 18th 2003, 2:48 pm
#11
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Thanks Guys ...
Cheers for all your help/links so far
Very informative and helpful
Will look @ HSBC now...
Anthony
Very informative and helpful
Will look @ HSBC now...
Anthony
May 18th 2003, 2:53 pm
#12
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Joined: Apr 2003
Location: Brisbane, Qld
Posts: 170
Definitely go for HSBC ahead of Commonwealth. Likewise, have heard some horror stories about the latter.
Internet banking is the way forward. I can't remember the last time I actually went into a bank...
Internet banking is the way forward. I can't remember the last time I actually went into a bank...
May 18th 2003, 3:06 pm
#13
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Joined: Nov 2002
Location: Sydney - Eastern Subs
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Once you've opened a bank account in Oz you should look at moving the money into a high interest savings account as the aussie banking system is pants, they charge for everything.
We're off in October and have started transfering money over into CB account then straight into INGDirect which pays 4.75%.
Dinky
We're off in October and have started transfering money over into CB account then straight into INGDirect which pays 4.75%.
Dinky
May 18th 2003, 3:20 pm
#14
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Joined: Sep 2002
Location: Sorrento
Posts: 290
Originally posted by Dinky
Once you've opened a bank account in Oz you should look at moving the money into a high interest savings account as the aussie banking system is pants, they charge for everything.
We're off in October and have started transfering money over into CB account then straight into INGDirect which pays 4.75%.
Dinky
Once you've opened a bank account in Oz you should look at moving the money into a high interest savings account as the aussie banking system is pants, they charge for everything.
We're off in October and have started transfering money over into CB account then straight into INGDirect which pays 4.75%.
Dinky
http://www.ingdirect.co.uk
Regards
Karl.
May 18th 2003, 6:33 pm
#15
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Location: Gold Coast- the best place in the world
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Originally posted by Dinky
Once you've opened a bank account in Oz you should look at moving the money into a high interest savings account as the aussie banking system is pants, they charge for everything.
We're off in October and have started transfering money over into CB account then straight into INGDirect which pays 4.75%.
Dinky
Once you've opened a bank account in Oz you should look at moving the money into a high interest savings account as the aussie banking system is pants, they charge for everything.
We're off in October and have started transfering money over into CB account then straight into INGDirect which pays 4.75%.
Dinky
I just posted that HSBC pays 4.3% to money in their current account, so there is not much point transfering it to get 4.75%.
You have to keep $1000 in it to get this rate of interest.
I can't believe that most people sign up for The Commonwealth with all of their charges and lousy interest rates! okay if you like flushing your money down the pan I suppose!!