Banking

Old Sep 13th 2002, 11:54 am
  #1  
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Default 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
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Old Sep 13th 2002, 12:05 pm
  #2  
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Default Re: Banking

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
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Old Sep 13th 2002, 12:20 pm
  #3  
ian
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Default 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).



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
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Old Sep 13th 2002, 12:38 pm
  #4  
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Default Re: Banking

check www.bankchoice.com.au - they have good comparison of different banking products.
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Old Sep 13th 2002, 1:11 pm
  #5  
John
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Default 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
 
Old Sep 13th 2002, 5:52 pm
  #6  
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Default 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.
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Old Sep 14th 2002, 6:01 pm
  #7  
Siobhan Hanrahan
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Default 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
 
Old Sep 16th 2002, 9:42 am
  #8  
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Default Re: Banking

Thanks

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
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Old Sep 16th 2002, 11:02 am
  #9  
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Default Re: Banking

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