Go Back  British Expats > Living & Moving Abroad > Australia
Reload this Page >

Smart banking in Australia

Smart banking in Australia

Old Oct 19th 2004, 9:52 pm
  #1  
making your move easier
Thread Starter
 
melbournehelp's Avatar
 
Joined: Jul 2004
Location: melbourne
Posts: 230
melbournehelp is an unknown quantity at this point
Default Smart banking in Australia

The National , one of the big 4 banks has released two new bank accounts that are revolutionising the market.
1) $3 NATIONAL SMART DIRECT ACCOUNT. if you mainly bank electronically -pay bills , move money etc , then this account has a flat $3 fee (monthly) for unlimited nat. electronic tx's,inc EFTPOS(a switch sysytem),atm/cash machine withdrawls,internet banking and telephone banking tx's.

2)$5 NATIONAL SMART ACCESS ACCOUNT.Ideal, says the literature, if you write cheques,make over the counter withdrawls.Includes unlimited deposits,EFTPOS,atm,internet and telephone TX's .
If you keep your balance over $3000, the monthly fee is waived .

Note: as with all accounts the Govt adds charges each month, but these accounts are the best on the market so far.Other banks only allow you a number of limited transactions before you start to pay per TX.

visit national.com.au - in Oz call 13 13 32
You should also look at a savings maximizer account through ING - the branchless bank .They offer no account fees/TX fees, you can link it to your bank account and you get 5% interest on your balance .www.ingdirect.com.au

Anyone better that ?

Melbournehelp is a wholly independent advisor for new and prospective migrants.Registered business no B1777736L
melbournehelp is offline  
Old Oct 19th 2004, 10:10 pm
  #2  
 
Joined: Aug 2003
Posts: 11,149
bondipom is an unknown quantity at this point
Default Re: Smart banking in Australia

For transaction accounts the online savings account with HSBC with no monthly fees should be considered. Unlimited electronic transactions, 5 non HSBC ATM withdrawls and access at post offices nationwide.

In NSW there is no BAD tax (only on cheque accounts) and I believe Tassies pay a tax on credit card transactions.

Bankwest's new savings account should put some additional pressure on the big 4. I use ING's savings maximiser and cannot fault it.
bondipom is offline  
Old Oct 20th 2004, 6:19 am
  #3  
making your move easier
Thread Starter
 
melbournehelp's Avatar
 
Joined: Jul 2004
Location: melbourne
Posts: 230
melbournehelp is an unknown quantity at this point
Default Re: Smart banking in Australia

Originally Posted by bondipom
For transaction accounts the online savings account with HSBC with no monthly fees should be considered. Unlimited electronic transactions, 5 non HSBC ATM withdrawls and access at post offices nationwide.

In NSW there is no BAD tax (only on cheque accounts) and I believe Tassies pay a tax on credit card transactions.

Bankwest's new savings account should put some additional pressure on the big 4. I use ING's savings maximiser and cannot fault it.
Thanks BP,
have to watch those pesky 5c pieces !!
melbournehelp is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.