What bankdid you use?
Oct 15th 2003, 4:39 am
#16
I like kittens.
Joined: Oct 2003
Location: In my own little world
Posts: 1,457
I've been with Commonwealth for about two years now - started from the UK as they were the only bank who'd give us a mortgage (while living in the UK) on a property in Australia. (Yes, we bought before we got the go-ahead to come out here... I know, I know... but it worked - the exchange rate was $2.90+ to the squid!!)
Anyway, my account is in Victoria, and I live in Sydney, and every month I get charged about $25 - $30 in VICTORIAN state taxes.....
Anyway, time to look for a new account, I think. I'll let you know what I find out.
Anyway, my account is in Victoria, and I live in Sydney, and every month I get charged about $25 - $30 in VICTORIAN state taxes.....
Anyway, time to look for a new account, I think. I'll let you know what I find out.
Oct 15th 2003, 9:28 am
#17
Feathered Member
Joined: Oct 2003
Location: Brisbane
Posts: 167
For any of you currency speculators out there, here's a couple of useful websites.....
http://www.x-rates.com/d/GBP/AUD/graph30.html
http://www.dailyfx.com/
http://www.x-rates.com/d/GBP/AUD/graph30.html
http://www.dailyfx.com/
Oct 15th 2003, 9:44 am
#18
Forum Regular
Thread Starter
Joined: Jul 2003
Posts: 44
Re: What bankdid you use?
Originally posted by PeteY
Its a delicate line to walk....
This is PURELY my opinion.
The historic exchange rate for aus dollars to pounds has been about 2 to the pound. In 99 it soared to 2.9 and has been falling since, with little sign of picking up.
THere is no real way of predicting exchange rates, but my feeling is that it will return to somthing near its historic rate. I do hope i am wrong, but that is definatly the way its been heading for some time now.
I am exchanging very soon.....and i will be happy IF i manage to get 2.5 (which is doubtful).
Its a delicate line to walk....
This is PURELY my opinion.
The historic exchange rate for aus dollars to pounds has been about 2 to the pound. In 99 it soared to 2.9 and has been falling since, with little sign of picking up.
THere is no real way of predicting exchange rates, but my feeling is that it will return to somthing near its historic rate. I do hope i am wrong, but that is definatly the way its been heading for some time now.
I am exchanging very soon.....and i will be happy IF i manage to get 2.5 (which is doubtful).
Oct 18th 2003, 8:01 am
#19
Forum Regular
Joined: Mar 2002
Location: Perth
Posts: 96
We opened an account with Westpac/Challenge the week we arrived. And then got our money transferred over from First Direct - cost about £50 to transfer over £38,000 - but we did a couple of transfers as we brought a bit over at a time. Then Westpac charged us $8.00 commission each time we transferred money into the account.
After 4 months here we have finally sussed just how much they charge us for every thing. So now that we have jobs we got a credit card and pay for nearly everything on that and then pay it off in full when the bill comes in, with the money from our bank account. So we only have one transaction instead of 30, seeing as they charge you each time you take money out, be it ATM, or EFTPOS (and we had the first 25 transactions free), or BPAY.
After 4 months here we have finally sussed just how much they charge us for every thing. So now that we have jobs we got a credit card and pay for nearly everything on that and then pay it off in full when the bill comes in, with the money from our bank account. So we only have one transaction instead of 30, seeing as they charge you each time you take money out, be it ATM, or EFTPOS (and we had the first 25 transactions free), or BPAY.
