jo_west

Hi,

We are considering setting up a migration account with the commonwealth bank, has anyone have any experience of these accounts, or any advice on transferring monies to Australia.

Thanks in Advance

Jo

Alan & Sonia

They are as good as any to get you going, then iif you don't like them just change when you get over there.

JohnAndNetta

We've got a London migrant account with Commonwealth Bank, then we also set up our Brisbane account on our validate trip in May. We've used both HIFX and Commonwealth Bank to transfer money. Very little difference in terms of rates and service. Would recommend them both equally.

Netta

worzel

I have opened a transfer account with CBA already. Some people say don't use them as they are expensive but if you have "realtionship" balances of over $20,000 they are effectively free. (Relationship balances means, loans, mortgages, savings etc).

As they have branches everywhere and have a specialist unit for migrants it seems the easiest option. We can always swtich at a later date.

mumomonty

We found thise really handy when we went to Sydney as they gave us references to rent somewhere without jumping through hoops. It was under the 'preferred migrant scheme' on a PR visa and we set it up before leaving the UK. It was dead easy, even though we didn't have a house to sell so didn't have loeads of money to transfer.