British Expats - Banking

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- - Banking (https://britishexpats.com/forum/australia-54/banking-111348/)

jasmin

Sep 13th 2002 11:54 am

Banking

Hello,
We are moving to Sydney anyday now
We have a Commonwealth bank account but not impressed with the charges. Can anyone please recommend a bank with less charges!!

Cheers
Nicki

Ceri	Sep 13th 2002 12:05 pm

Re: Banking

Quote:

Originally posted by jasmin:
Hello,
We are moving to Sydney anyday now
We have a Commonwealth bank account but not impressed with the charges. Can anyone please recommend a bank with less charges!!

Cheers
Nicki

welcome to "the world of Australian Banks" :)

Seriously! - Given half the chance the banks in Australia will charge you a fee for looking at them!

This is a no 1 gripe among most people in Australia "Bank fees"

I'm with WestPac Bank ... which is no better than the Commonwealth bank.

It's totally mad - the fees and charges that most banks will hit you with..... a tip look at the different accounts which the bank has to offer. My account, if I don't use the ATM too much has no fees at all, but it's only because I have over a certain amount of money in my account.

Cheers

ian	Sep 13th 2002 12:20 pm

Re: Banking

I think that Commonwealth will drop the monthly fee if you have a certain amount of savings too.

Also, I believe that 'credit unions' are supposedly 'cheaper' than banks, but don't know anything about them (yet).

Quote:

Originally posted by Ceri:

welcome to "the world of Australian Banks" :)

Seriously! - Given half the chance the banks in Australia will charge you a fee for looking at them!

This is a no 1 gripe among most people in Australia "Bank fees"

I'm with WestPac Bank ... which is no better than the Commonwealth bank.

It's totally mad - the fees and charges that most banks will hit you with..... a tip look at the different accounts which the bank has to offer. My account, if I don't use the ATM too much has no fees at all, but it's only because I have over a certain amount of money in my account.

Cheers

Tatiana

Sep 13th 2002 12:38 pm

Re: Banking

check www.bankchoice.com.au - they have good comparison of different banking products.

John	Sep 13th 2002 1:11 pm

Re: Banking

I'd rather go for HSBC. They are more service oriented and charge less service fees.

I think the only difference is HSBC requires a slightly higher opening
deposit amount.

John

"jasmin" <[email protected]> wrote in message news:[email protected]...
    > Hello, We are moving to Sydney anyday now We have a Commonwealth bank account but
    > not impressed with the charges. Can anyone please recommend a bank with less
    > charges!!
    > Cheers Nicki
    > --
    > Posted via http://britishexpats.com

etlniwd

Sep 13th 2002 5:52 pm

Re: Banking

We've been through this issue many times in this forum. Search through the old messages and you'll find your answer.

I've already been through the process of finding an Australian bank account. I was shocked at all the charges. Commonwealth is a complete rip off and anyone who banks with them is a financial retard. I went with HSBC - no charges and high interest (4%) on current account.

Siobhan Hanrahan

Sep 14th 2002 6:01 pm

Re: Banking

Hi,

My sister has her account with a credit union as its much cheaper. Don't know the
name of it, but I'll find out & keep you posted.

Siobhan

"jasmin" <[email protected]> wrote in message news:[email protected]...
    > Hello, We are moving to Sydney anyday now We have a Commonwealth bank account but
    > not impressed with the charges. Can anyone please recommend a bank with less
    > charges!!
    > Cheers Nicki
    > --
    > Posted via http://britishexpats.com

jasmin

Sep 16th 2002 9:42 am

Re: Banking

Thanks

Quote:

Originally posted by Siobhan Hanrahan:
Hi,

My sister has her account with a credit union as its much cheaper. Don't know the
name of it, but I'll find out & keep you posted.

Siobhan

"jasmin" <[email protected]> wrote in message news:[email protected]...
    > Hello, We are moving to Sydney anyday now We have a Commonwealth bank account but
    > not impressed with the charges. Can anyone please recommend a bank with less
    > charges!!
    > Cheers Nicki
    > --
    > Posted via http://britishexpats.com

a1macc

Sep 16th 2002 11:02 am

Re: Banking

I've gone with HSBC as well. They seem very good and no charges with the online account.

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