Let's try this again
#1
Let's try this again
Looking for a savings account in Oz that I can transfer our house money into while still in the UK (we're not going to oz until next april but want to take advantage of the good exchange rate at present).
Instant access, online access to account. Can be linked to our ANZ accounts that we have already opened and can put money into but not out of until we get there and validate them.
So, to recap, I don't have a TFN number yet or a residential address in oz.
Any suggestions? Westbank and ING both seem to need you to be resident or have a TFN number (which I'm presuming I need an oz adress to apply for online).
Andy
Instant access, online access to account. Can be linked to our ANZ accounts that we have already opened and can put money into but not out of until we get there and validate them.
So, to recap, I don't have a TFN number yet or a residential address in oz.
Any suggestions? Westbank and ING both seem to need you to be resident or have a TFN number (which I'm presuming I need an oz adress to apply for online).
Andy
#2
Re: Let's try this again
Originally Posted by cadman
Looking for a savings account in Oz that I can transfer our house money into while still in the UK (we're not going to oz until next april but want to take advantage of the good exchange rate at present).
Instant access, online access to account. Can be linked to our ANZ accounts that we have already opened and can put money into but not out of until we get there and validate them.
So, to recap, I don't have a TFN number yet or a residential address in oz.
Any suggestions? Westbank and ING both seem to need you to be resident or have a TFN number (which I'm presuming I need an oz adress to apply for online).
Andy
Instant access, online access to account. Can be linked to our ANZ accounts that we have already opened and can put money into but not out of until we get there and validate them.
So, to recap, I don't have a TFN number yet or a residential address in oz.
Any suggestions? Westbank and ING both seem to need you to be resident or have a TFN number (which I'm presuming I need an oz adress to apply for online).
Andy
Tracie
#3
Joined: Jul 2004
Posts: 12,063
Re: Let's try this again
Originally Posted by cadman
Looking for a savings account in Oz that I can transfer our house money into while still in the UK (we're not going to oz until next april but want to take advantage of the good exchange rate at present).
Instant access, online access to account. Can be linked to our ANZ accounts that we have already opened and can put money into but not out of until we get there and validate them.
So, to recap, I don't have a TFN number yet or a residential address in oz.
Any suggestions? Westbank and ING both seem to need you to be resident or have a TFN number (which I'm presuming I need an oz adress to apply for online).
Andy
Instant access, online access to account. Can be linked to our ANZ accounts that we have already opened and can put money into but not out of until we get there and validate them.
So, to recap, I don't have a TFN number yet or a residential address in oz.
Any suggestions? Westbank and ING both seem to need you to be resident or have a TFN number (which I'm presuming I need an oz adress to apply for online).
Andy
http://www.migrantbanking.co.uk/movi...ng_an_account/
#4
Re: Let's try this again
Originally Posted by cadman
Looking for a savings account in Oz that I can transfer our house money into while still in the UK (we're not going to oz until next april but want to take advantage of the good exchange rate at present).
Instant access, online access to account. Can be linked to our ANZ accounts that we have already opened and can put money into but not out of until we get there and validate them.
So, to recap, I don't have a TFN number yet or a residential address in oz.
Any suggestions? Westbank and ING both seem to need you to be resident or have a TFN number (which I'm presuming I need an oz adress to apply for online).
Andy
Instant access, online access to account. Can be linked to our ANZ accounts that we have already opened and can put money into but not out of until we get there and validate them.
So, to recap, I don't have a TFN number yet or a residential address in oz.
Any suggestions? Westbank and ING both seem to need you to be resident or have a TFN number (which I'm presuming I need an oz adress to apply for online).
Andy
#5
Forum Regular
Joined: May 2004
Location: Kent, United Kingdom, now North West Sydney, Hills district and now Hawkesbury.
Posts: 121
Re: Let's try this again
For a great savings account with 6.8% interest for the first year, logon to bank west and click on telenet account. you can open the account online print off the forms sign and post and it's all done. They link the savings account to your Oz bank account and you can set up savings each mth/wk or fortnight. Best rate i've seen and it only took 3 days to set up. We are with commonwealth bank and set it up from the london branch before we left and sent the money over two days before we flew and they have also been great with no hassles whatsoever. We went to the martin place branch (head office) in sydney and had our own migrant banking officer who couldn't do enough for us. He even gave me an application form for a job at the bank! So no complaints there - now have mortgage with them too. but for plain savings, try bankwest online telenet account - sorry to waffle on.
#7
BE Forum Addict
Joined: Dec 2003
Location: Adelaide - South Australia
Posts: 1,820
Re: Let's try this again
As you've already got an account with the ANZ - why not see if you can open a V2 account. Granted - the interest rate is 'only' 5%, but it might just be easier.
Don't forget that without a TFN your interest will be taxed at something like 48% - but you should be able to reclaim that at year end.
Don't forget that without a TFN your interest will be taxed at something like 48% - but you should be able to reclaim that at year end.
#8
Re: Let's try this again
Originally Posted by renth
Don't touch Commonwealth Bank - bunch of tossers.
luck of the draw I suppose?
#9
Re: Let's try this again
Originally Posted by SydneySwede
Can't really help but I put quite a large amount of money in to my Commonwealth Account that was opened from the UK about a month before I got here. By the time I had applied for a TFN etc it was more than a month and I ended up being charged $170.00 TNF withholding tax. This would have been charged every month until I provided them with a TNF number. I will be able to claim it back at the end of the year but it's a lot of hassle.
I claimed it back by walking into my local branch, giving the tax file numbers and the teller did the rest - it was back in our account within 24hrs.
I have found the Commonwealth bank really good - have had nothing but good service so far
#10
Re: Let's try this again
Originally Posted by cadman
Looking for a savings account in Oz that I can transfer our house money into while still in the UK (we're not going to oz until next april but want to take advantage of the good exchange rate at present).
Instant access, online access to account. Can be linked to our ANZ accounts that we have already opened and can put money into but not out of until we get there and validate them.
So, to recap, I don't have a TFN number yet or a residential address in oz.
Any suggestions? Westbank and ING both seem to need you to be resident or have a TFN number (which I'm presuming I need an oz adress to apply for online).
Andy
Instant access, online access to account. Can be linked to our ANZ accounts that we have already opened and can put money into but not out of until we get there and validate them.
So, to recap, I don't have a TFN number yet or a residential address in oz.
Any suggestions? Westbank and ING both seem to need you to be resident or have a TFN number (which I'm presuming I need an oz adress to apply for online).
Andy
#11
Re: Let's try this again
Originally Posted by debsy
Try HSBC offshore they are very good.
I have been with the HSBC for the last 13 years. They were great in the old days, if we went over our O/D limit we got charged £27 for the month.
Suddenly they changed it (they claim they told us but it's not like you have a choice is it?) and it changed to £20 per day for up to 5 days over our O/D limit in the month i.e. it changed from £27 to £100.
So..... as far as the HSBC is concerned, they can FOOK RIGHT ORF !
I'm going to look into an ANZ account. I thought the tax on the interest for people without a TFN was 10% though ? 48% WTF ? but I can get it back yes ? even though I don't arrive until April i.e. after the end of the tax year (31st march same as here?)
god, what to do ? I just know that if I stick it in an account here unitl we go that the exchange rate will plummet from 2.48/9 at the mo to 2.20 !
andy
#12
Joined: Jul 2004
Posts: 12,063
Re: Let's try this again
Originally Posted by renth
Don't touch Commonwealth Bank - bunch of tossers.
#13
Re: Let's try this again
Originally Posted by cadman
I have been with the HSBC for the last 13 years. They were great in the old days, if we went over our O/D limit we got charged £27 for the month.
Suddenly they changed it (they claim they told us but it's not like you have a choice is it?) and it changed to £20 per day for up to 5 days over our O/D limit in the month i.e. it changed from £27 to £100.
So..... as far as the HSBC is concerned, they can FOOK RIGHT ORF !
I'm going to look into an ANZ account. I thought the tax on the interest for people without a TFN was 10% though ? 48% WTF ? but I can get it back yes ? even though I don't arrive until April i.e. after the end of the tax year (31st march same as here?)
god, what to do ? I just know that if I stick it in an account here unitl we go that the exchange rate will plummet from 2.48/9 at the mo to 2.20 !
andy
Suddenly they changed it (they claim they told us but it's not like you have a choice is it?) and it changed to £20 per day for up to 5 days over our O/D limit in the month i.e. it changed from £27 to £100.
So..... as far as the HSBC is concerned, they can FOOK RIGHT ORF !
I'm going to look into an ANZ account. I thought the tax on the interest for people without a TFN was 10% though ? 48% WTF ? but I can get it back yes ? even though I don't arrive until April i.e. after the end of the tax year (31st march same as here?)
god, what to do ? I just know that if I stick it in an account here unitl we go that the exchange rate will plummet from 2.48/9 at the mo to 2.20 !
andy
We use ANZ, they are fabulous I think.
The tax year here ends on the 30th June
#14
Re: Let's try this again
Originally Posted by Wendy
Hi Andy,
We use ANZ, they are fabulous I think.
The tax year here ends on the 30th June
We use ANZ, they are fabulous I think.
The tax year here ends on the 30th June
Andy
PS - I have generally heard bad things about the CBA
#15
Re: Let's try this again
Originally Posted by cadman
I have been with the HSBC for the last 13 years. They were great in the old days, if we went over our O/D limit we got charged £27 for the month.
Suddenly they changed it (they claim they told us but it's not like you have a choice is it?) and it changed to £20 per day for up to 5 days over our O/D limit in the month i.e. it changed from £27 to £100.
So..... as far as the HSBC is concerned, they can FOOK RIGHT ORF !
I'm going to look into an ANZ account. I thought the tax on the interest for people without a TFN was 10% though ? 48% WTF ? but I can get it back yes ? even though I don't arrive until April i.e. after the end of the tax year (31st march same as here?)
god, what to do ? I just know that if I stick it in an account here unitl we go that the exchange rate will plummet from 2.48/9 at the mo to 2.20 !
andy
Suddenly they changed it (they claim they told us but it's not like you have a choice is it?) and it changed to £20 per day for up to 5 days over our O/D limit in the month i.e. it changed from £27 to £100.
So..... as far as the HSBC is concerned, they can FOOK RIGHT ORF !
I'm going to look into an ANZ account. I thought the tax on the interest for people without a TFN was 10% though ? 48% WTF ? but I can get it back yes ? even though I don't arrive until April i.e. after the end of the tax year (31st march same as here?)
god, what to do ? I just know that if I stick it in an account here unitl we go that the exchange rate will plummet from 2.48/9 at the mo to 2.20 !
andy
Can you not reply while I'm typing WENDY