No-fee banking in Queensland
Mar 11th 2005, 9:11 am
#1
Prisoner of Her Majesty
Thread Starter
Joined: Jan 2005
Location: Chapel Hill, Brisbane
Posts: 838
No-fee banking in Queensland
Just wanted to find out if anyone has come across, got an account with Queensland Teacher Credit Union: http://www.qtcu.com.au ?
One of my wife's colleagues has an account with them and says that they don't charge transfer / withdrawal fees.
Don't let the name put you off, whilst the union is only available in Queensland, you don't have to be a teacher to set up an account.
Anyone know anything about them? Sounds like a cheaper option than the 'high street' banks.
Cheers
Rob
One of my wife's colleagues has an account with them and says that they don't charge transfer / withdrawal fees.
Don't let the name put you off, whilst the union is only available in Queensland, you don't have to be a teacher to set up an account.
Anyone know anything about them? Sounds like a cheaper option than the 'high street' banks.
Cheers
Rob
Mar 11th 2005, 9:32 am
#2
Guest
Posts: n/a
Re: No-fee banking in Queensland
Originally Posted by samnrob2
Just wanted to find out if anyone has come across, got an account with Queensland Teacher Credit Union: http://www.qtcu.com.au ?
One of my wife's colleagues has an account with them and says that they don't charge transfer / withdrawal fees.
Don't let the name put you off, whilst the union is only available in Queensland, you don't have to be a teacher to set up an account.
Anyone know anything about them? Sounds like a cheaper option than the 'high street' banks.
Cheers
Rob
One of my wife's colleagues has an account with them and says that they don't charge transfer / withdrawal fees.
Don't let the name put you off, whilst the union is only available in Queensland, you don't have to be a teacher to set up an account.
Anyone know anything about them? Sounds like a cheaper option than the 'high street' banks.
Cheers
Rob
But it can be free if not used too much.
Mar 11th 2005, 9:38 am
#3
da Bonehead
Joined: Jan 2004
Location: Lion in da jungle
Posts: 22,767
Re: No-fee banking in Queensland
Who on earth would want to put money in a bank and take it out again ? 
Only Robin Hood surely ?
Only Robin Hood surely ?
Mar 11th 2005, 9:41 am
#4
Prisoner of Her Majesty
Thread Starter
Joined: Jan 2005
Location: Chapel Hill, Brisbane
Posts: 838
Re: No-fee banking in Queensland
Originally Posted by ABCDiamond
Not totally free, see their fees pages: http://www.qtcu.com.au/fees/seeTheFigures.asp
But it can be free if not used too much.
But it can be free if not used too much.
(it is a Friday tho'!)ABC - how do these charges compare to other banks that you know of?
Mar 11th 2005, 12:35 pm
#5
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Posts: n/a
Re: No-fee banking in Queensland
During our previous life in NSW, we originally opened account with Westpac. However, once we had settled into employment I joined the Illawarra Credit Union, and from then on always banked with them. Fees are much lower than the banks but service was always better.
Will be looking to join a credit union again when we return, so thanks for this info.
Blossom
Will be looking to join a credit union again when we return, so thanks for this info.
Blossom
Mar 11th 2005, 10:59 pm
#6
Guest
Posts: n/a
Re: No-fee banking in Queensland
Originally Posted by samnrob2
Well done - didn't see that page - duh! (it is a Friday tho'!)
ABC - how do these charges compare to other banks that you know of?
(it is a Friday tho'!)ABC - how do these charges compare to other banks that you know of?
Many banks will give a fee free bank account if you have a mortgage with them.
HSBC, amongst some others, have a fee free bank account as long as you stick within the transaction limitations. Many people seem to be able to find fee free banking by checking what the banks offer, against what they need.
But others, who just use any bank without concern, will end up paying fees.
Westpac was mentioned earlier, and one example of fees on a Fee Free Westpac account, but withdrawal at another banks ATM is:
FEE - Balance Enquiry at NAB ATM $1.50
Cash Withrawal $50.00
FEE - Withdrawal at NAB ATM $1.50
This can and does happen on many banks, not just Westpac. It's an example of what can happen when caught out in the wrong place with no cash
