British Expats - Commonwealth Bank Migrant presentation

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Wol	Mar 28th 2004 9:11 pm

Commonwealth Bank Migrant presentation

Has anyone been to one of the CBA Migrant Banking presentations in London?

Was it worthwhile or a waste of a journey?

I don't want to haul *ss up to London just to get the same information that comes off their website, but I would like to be able to put pertinent qusetions to them.

renth

Mar 28th 2004 11:11 pm

Re: Commonwealth Bank Migrant presentation

Quote:

Originally posted by Rog Williams
Has anyone been to one of the CBA Migrant Banking presentations in London?

Was it worthwhile or a waste of a journey?

I don't want to haul *ss up to London just to get the same information that comes off their website, but I would like to be able to put pertinent qusetions to them.

I wouldn't waste your time with them.

They're rip off merchants

floweroscotland

Mar 29th 2004 10:08 am

Re: Commonwealth Bank Migrant presentation

Quote:

Rog,

We recently arrived in Oz and we opened an account with them before we came over, first class service before we came, on arrival, we went to the Brisbane branch to activate our account, they were also excellent here, arranged visa cards without even filling in a form, arranged a competitive car insurance quote, which was good, we have found them brilliant so far!
:)

hevs	Mar 29th 2004 10:18 am

Re: Commonwealth Bank Migrant presentation

Quote:

Originally posted by Rog Williams
I don't want to haul *ss up to London just to get the same information that comes off their website, but I would like to be able to put pertinent qusetions to them.

What like, "why do you charge for banking when i can get it free, down the rooad, from HSBC?":D

Phoenixuk2oz

Mar 29th 2004 10:26 am

Re: Commonwealth Bank Migrant presentation

Quote:

I've been:)

CBA provided a carrier bag with lots of info in, although non of it mind blowing i.e most info been given/found on this site;)

On a positive note........there was someone from CBA to answer questions if you had any :)

Enjoy!;)

Phoenixuk2oz

Wol	Mar 29th 2004 6:28 pm

>>CBA provided a carrier bag with lots of info in, although non of it mind blowing i.e most info been given/found on this site <<

I suppose a free carrier bag counts as a plus then!

Seriously, thanks for the replies. Evryone seems to have had different experiences of CBA - more than most companies.

I think I've heard that they waive fees if you keep a deposit with them? the figure of $20k comes to mind?

jasper pentop

Mar 29th 2004 9:11 pm

As an old Ozzie, I had my bank account with CBA for about ten years, then I got sick to death of them and moved to a Credit Union! Its a good place to start, but I would never reccommend to stay with them.... Credit Unions are much more customer friendly in Oz - and lots to choose from, lots of competition keeping the Bast&^*s fair!

hevs	Mar 29th 2004 10:00 pm

Quote:

Originally posted by Rog Williams
I think I've heard that they waive fees if you keep a deposit with them? the figure of $20k comes to mind?

hmmm, that sounds like a fair deal then:rolleyes: :)

bondipom

Mar 29th 2004 10:01 pm

Quote:

Originally posted by Rog Williams
>>CBA provided a carrier bag with lots of info in, although non of it mind blowing i.e most info been given/found on this site <<

I suppose a free carrier bag counts as a plus then!

Seriously, thanks for the replies. Evryone seems to have had different experiences of CBA - more than most companies.

I think I've heard that they waive fees if you keep a deposit with them? the figure of $20k comes to mind?

Yes but think of the money you could be making by putting that money elsewhere. That 20k could be earning you $1000 a year in interest in INGdirect. With a 1 year comm *ank term deposit you could earn $550 interest. That means you are losing $450.

They are a con.

Wol	Mar 30th 2004 8:46 am

Quote:

Originally posted by bondipom
Yes but think of the money you could be making by putting that money elsewhere. That 20k could be earning you $1000 a year in interest in INGdirect. With a 1 year comm *ank term deposit you could earn $550 interest. That means you are losing $450.

They are a con.

Coincidentally they have just rung to fix the date for a presentation next week: they say they are paying 5.7% on term deposit which compares favourably with ING.

Take the point though.

Might try them to get set up and then shop around.

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