SuperSeagulls

Hi,

Just curious how the $100k bond is returned to you at the end of the 12 months (or indeed for the 6 month interest payment).

Does it get paid into a bank account of your choice (UK or Oz?) or is it via cheque? Do you decide how it is repaid or is each State different?

Cheers

SS

way86

good question back to top

SuperSeagulls

Thanks.

SS

mrladyboy

Hi,

We lodged a $5k bond for our family sponsored visa with the CBA. Interest is paid into your nominated bank account. My cousin actually closed the account he had nominated, and the CBA sent him a cheque with a letter explaining that they tried to credit it and failed.

I'd assume that a) the bond will be repaid using the same method and b) the $100k bond follows the same principle as the $5k bond.

SuperSeagulls

Thanks ladyboy,

Anyone had any experience with the $100k bond?


SS

Spammy Sammy

"SuperSeagulls" <member19418@british_expats.com> wrote in message
news:[email protected] m...
    > Hi,
    > Just curious how the $100k bond is returned to you at the end of the 12
    > months (or indeed for the 6 month interest payment).
    > Does it get paid into a bank account of your choice (UK or Oz?) or is it
    > via cheque? Do you decide how it is repaid or is each State different?
    > Cheers

Make sure the State/Territory in which you have deposited your money knows
your current address as they will write to you near the expiry time. You
fill out a form to state how you want the money and who/where you want it
sent and the State/Territory then pays it by cheque or bank transfer.

SuperSeagulls

SpammySammy,

Thanks. Who did you lodge with and were they efficient?

SS