Bank Accounts

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Old Sep 4th 2003, 7:39 pm
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Default Bank Accounts

Apparently a lot of people seem to be going with HSBC. We got a load of stuff sent from them and must say it looks a good package.

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Old Sep 4th 2003, 8:14 pm
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Thanks Earlswood will look into it.

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Old Sep 4th 2003, 8:16 pm
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I sent all the forms off to them 2 weeks ago. They have already emailed me my account no and sort code. The next step is for me to pay $2000 into my local HSBC branch and pick up my ATM cards and cheque book!

A very efficient service. The downside is getting someone from the bank to sign your identity proof.
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Old Sep 5th 2003, 1:06 am
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I haven't done any research into HSBC here. Used them in UK, but here I use Westpac.

One thing I have to say, just to warn you, is that they have relatively few branches. There's only 1 that I know of in Adelaide. More in Sydney from memory.

But I guess in these days of internet banking that might not be too much of a problem.

Nara
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Old Sep 5th 2003, 1:52 am
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They only have 2 branche in Perth but I only had to visit once when we arrived to pick stuff up. Everything else is done on the internet without a problem.

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Old Sep 5th 2003, 3:27 am
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What do HSBC charge for ATM withdrawals at non HSBC machines?
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Old Sep 5th 2003, 3:28 am
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For Savings I recommend ING Direct. I currently have instant access and 4.75% interest and no fees which is very unusual here.
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Old Sep 5th 2003, 3:38 am
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I got charged $6 this month. I've not been charged before and I'm not sure which machine I used to prompt it!!
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Old Sep 5th 2003, 6:31 am
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Originally posted by DianeOZ
I got charged $6 this month. I've not been charged before and I'm not sure which machine I used to prompt it!!



I am sure their literature says that you can use the post offices atm for free also
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Old Sep 5th 2003, 8:32 am
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Originally posted by bondipom
What do HSBC charge for ATM withdrawals at non HSBC machines?
If I remember the 1st 15 a month are free, after that its around $6. Can't remember the last time I drew out more than 15 times in a month.

Also, if you keep your balance above $2000, you get some 4% interest, and if you don't have a cheque book, EFT transactions are free
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Old Sep 5th 2003, 8:43 am
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HSBC (and use of) has been discussed extensively over the last month or two. A quick search has revealed the following threads:

Thread 1
Thread 2

and of course there is also HSBC Australia themselves (the link is for the online account) for terms and conditions.
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Old Sep 5th 2003, 8:51 am
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Thanks "young lad" been meaning to do that (e mail hsbc about opening account) for weeks, so your link just prompted me to do it. I can add another tick to my "list of things to do before migrating" now
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Old Sep 5th 2003, 11:50 am
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Originally posted by tinaj
I sent all the forms off to them 2 weeks ago. They have already emailed me my account no and sort code. The next step is for me to pay $2000 into my local HSBC branch and pick up my ATM cards and cheque book!

A very efficient service. The downside is getting someone from the bank to sign your identity proof.

I've asked in the branch about opening an account in auz, and the Uk branch will get the forms to fill in from the international office in london (or something like that). I only have to sort out a letter of introduction from my current branch. The only problem i can see is that there isn't a HSBC branch in canberra!! :O

Does anyone know if the game would be made easier if i open a UK account here first, before setting up an auz account? If it does i presume i have to be a HSBC account holder for x months/years?

Leigh
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Old Sep 5th 2003, 2:18 pm
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Leigh,

I'm going for the online HSBC account. The reasons for which can be found in the links I posted earlier in this thread. I've not yet applied. Others have (from the UK), and and IIRC were sent their new cards and sort codes etc even before they'd set foot in Australia.

To answer your question about ease of opening, I can't remember anyone who came across any particular stumbling blocks when opening it from the UK.

Remember though, I'm talking specifically about the online account.

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Old Sep 5th 2003, 2:53 pm
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Hi young lad. I will be honest and say i hadn't read (or can't remember reading) you're previous posted threads, however, it's friday and i'm not in a working mood so i shall do it now.

Thanks for the advice. It sounds like it's the account for me.

Leigh.
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