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opening up a bank account now

opening up a bank account now

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Old Nov 5th 2007, 2:27 am
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Default opening up a bank account now

Just toying with the idea of opening up a bank account now, roughly 12 months before arrival.
I've been in contact with ozforex and am getting a deal allowing me to transfer smaller amounts at a good price.
So was thinking of opening up an account and depositing 2000€ each month into the account to start building up some credit history.
Would this make a defference with credit history???
would it be worth it?
Was thinking of open up a westpac account and then just sitting on it for 12 months.
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Old Nov 5th 2007, 3:57 am
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Default Re: opening up a bank account now

it doesnt seem to matter since your credit will be limited by your residence status. Ive just set up an account for a friend so they can pay in cash etc - they just need to supply id when they arrive and will pick up atm cards etc.
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Old Nov 5th 2007, 6:17 am
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Default Re: opening up a bank account now

Originally Posted by SKIPPI79
Just toying with the idea of opening up a bank account now, roughly 12 months before arrival.
I've been in contact with ozforex and am getting a deal allowing me to transfer smaller amounts at a good price.
So was thinking of opening up an account and depositing 2000€ each month into the account to start building up some credit history.
Would this make a defference with credit history???
would it be worth it?
Was thinking of open up a westpac account and then just sitting on it for 12 months.
Don't bother unless you can get a free account (do they exist in Australia?) otherwise you'll have a $5 a month charge without any benefits.

Otherwise the banks seem a lot better than the UK ones. We are with ANZ and they are very helpful
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