Citibank or Bankwest??
Sep 27th 2008, 8:48 pm
#1
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Thread Starter
Joined: Mar 2008
Posts: 6
Citibank or Bankwest??
Hi all,
Looking to open up a fee free bank account - Citibank and Bankwest both seem to offer just that. Does anyone have experience of either? Any info gratefully received - the good, bad and of course the ugly!
Looking to open up a fee free bank account - Citibank and Bankwest both seem to offer just that. Does anyone have experience of either? Any info gratefully received - the good, bad and of course the ugly!
Sep 27th 2008, 10:21 pm
#2
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Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: Citibank or Bankwest??
HSBC offer free banking - use them, there excellent.
Sep 27th 2008, 10:45 pm
#3
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Joined: Oct 2005
Location: brisbane
Posts: 639
Re: Citibank or Bankwest??
been with Citibank for a long time. i like the idea that they are are stable and conservative...i never go for the banks that give the highest rates,
as for the oz bank (everyday/transaction) account, yes they are good, i use my ATM card for all my EFTPOS transactions everywhere (any ATM in oz) and it is only 5$ / month or if you link it to your salary, the $5 is waived....other banks give you unlimited ATM withdrawals but it HAS to be there bank...
they have great online service as well as Phone service...
no complaints whatsoever....
(i would love to whinge about the Oz banking fees but that would be another very LONG thread)
as for the oz bank (everyday/transaction) account, yes they are good, i use my ATM card for all my EFTPOS transactions everywhere (any ATM in oz) and it is only 5$ / month or if you link it to your salary, the $5 is waived....other banks give you unlimited ATM withdrawals but it HAS to be there bank...
they have great online service as well as Phone service...
no complaints whatsoever....
(i would love to whinge about the Oz banking fees but that would be another very LONG thread)
Sep 27th 2008, 10:58 pm
#4
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Location: Ilukapool. WA
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Sep 27th 2008, 11:09 pm
#5
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: Citibank or Bankwest??
Considering the bailout it received earlier this year I'm surprised that Citibank is considered stable 
I've been happy with HSBC.
I've been happy with HSBC.
Last edited by MartinLuther; Sep 27th 2008 at 11:11 pm.
Sep 28th 2008, 2:10 am
#6
Harrip
Joined: Nov 2004
Posts: 495
Re: Citibank or Bankwest??
Neither. I'd put my money with an Australian owned bank purely because historically they are better placed to weather storms (http://www.bankers.asn.au/Default.aspx?ArticleID=587). Neither Citibank's USA parent and Bankwests UK parents are not doing too good at the moment.
Sep 28th 2008, 6:48 am
#7
Forum Regular
Joined: Sep 2008
Location: Darlington, County Durham
Posts: 37
Re: Citibank or Bankwest??
Neither. I'd put my money with an Australian owned bank purely because historically they are better placed to weather storms (http://www.bankers.asn.au/Default.aspx?ArticleID=587). Neither Citibank's USA parent and Bankwests UK parents are not doing too good at the moment.
hi there!
Which banks are doing well at the moment? You seem to know your stuff!!
Any advice appreciated. I'm just about to open an account in adelaide, any hints and tips for research before committing myself to anything?
Sarah
Sep 28th 2008, 8:24 am
#8
Forum Regular
Joined: Jan 2007
Location: Perth WA was Northampton UK
Posts: 100
Re: Citibank or Bankwest??
Hi as previous posters.....we need to open Bank acc this week as we move on Nov 9t and need to pay bond etc so got to do ASAP Thanks in advance
Sep 28th 2008, 10:12 am
#9
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Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: Citibank or Bankwest??
HSBC - biggest bank in the world
Sep 28th 2008, 11:09 am
#10
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Joined: Nov 2003
Location: Lower Chittering, Perth
Posts: 4,646
Re: Citibank or Bankwest??
[QUOTE=renth;6825981]Bankwest offer good rates but the people I've dealt with have lied to me and when I complained I got fobbed off, so as far as I'm concerned they are w*nkers and I closed my account and moved my savings elsewhere.
Well you should have spoke to me on the phone!! I work for BankWest and NEVER lie to anyone. If I am no sure of any questions asked, I check it out and get back to customers!!
Well you should have spoke to me on the phone!! I work for BankWest and NEVER lie to anyone. If I am no sure of any questions asked, I check it out and get back to customers!!
Sep 28th 2008, 11:10 am
#11
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Joined: Nov 2003
Location: Lower Chittering, Perth
Posts: 4,646
Re: Citibank or Bankwest??
[QUOTE=sj oldfield;6826943]
Bankwest has a very high interest rate on their telenet saver account!
Bankwest offer good rates but the people I've dealt with have lied to me and when I complained I got fobbed off, so as far as I'm concerned they are w*nkers and I closed my account and moved my savings elsewhere.
Well you should have spoke to me on the phone!! I work for BankWest and NEVER lie to anyone. If I am no sure of any questions asked, I check it out and get back to customers!!
Well you should have spoke to me on the phone!! I work for BankWest and NEVER lie to anyone. If I am no sure of any questions asked, I check it out and get back to customers!!
Sep 29th 2008, 1:05 am
#12
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Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: Citibank or Bankwest??
[QUOTE=sj oldfield;6826949]
For new customers, yes, for existing customers they've done the usual trick of winding the interest down and it currently stands at 7.1% which isn't that great.
Sep 29th 2008, 1:43 am
#13
has lost The Game
Joined: Apr 2005
Location: Chippendale, Sydney
Posts: 8,735
Re: Citibank or Bankwest??
Yeah, I had the same problem with them too. I moved my money elsewhere also...
S
Sep 29th 2008, 2:13 am
#14
Joined: Jan 2005
Location: Asia Pacific
Posts: 4,922
Re: Citibank or Bankwest??
[QUOTE=sj oldfield;6826949]
They are also now owned by Lloyds who have said they intend to sell it off.
Not exactly the most secure bank in the world at the moment being jettisoned by the very company that had to buy the parent company to stop going under.
Not exactly the most secure bank in the world at the moment being jettisoned by the very company that had to buy the parent company to stop going under.
Sep 29th 2008, 7:17 am
#15
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Joined: Mar 2008
Posts: 6
Re: Citibank or Bankwest??
Thanks for all your thoughts. This bank thing is a bit of a nightmare! 18mths-2yrs ago I would not have dreamed I would be thinking about who owned who or who was likely to take a fall. On a different level of course, people are worried about their jobs, savings and houses. So shouldn't grumble!
Will do a bit more research methinks.
Will do a bit more research methinks.
