SG Savings to OZ

TasBurrfoot

up for this...

I just opened an account with NAB; but I am still looking more efficient and least costly way if possible.

TasBurrfoot

<blockquote rel="psychoboy">up for this...

I just opened an account with NAB; but I am still looking more efficient and least costly way if possible.</blockquote>

Up for this - I was able to successfully transfer AUD500 to our NAB account; I did this using fund transfer from DBS.

I was debited a total of SGD25 as cable fee from DBS - further to this, there was an additional 1% of the SGD equivalent of the AUD500 debited, this is agent's fee debited by Commonwealth Bank as they are the intermediary between DBS and NAB.

The rates we got were good though...

hotshot

<blockquote rel="psychoboy"><blockquote rel="psychoboy">up for this...

I just opened an account with NAB; but I am still looking more efficient and least costly way if possible.</blockquote>

Up for this - I was able to successfully transfer AUD500 to our NAB account; I did this using fund transfer from DBS.

The rates we got were good though...

</blockquote>

pwede po ba pa-PM ng details? 🙂

yan din kasi iniisip ko na way. open an account online tapos wire na agad ng money sa account na yun. pero, iniisip ko kung mahal ba magfund transfer? yung 25SGD ba ay standard na fee kahit magkano? tapos magkakatalo na lang dun sa 1% of the SGD equivalent ngililipat mong money? and another question, once mag-open ng account online, pwede na talaga agad mag-transfer ng money dun kahit di ka pa nagpapakita talaga sa bank? sorry ang daming tanong. 🙂

hotshot

@jaero : thanks! 🙂

TasBurrfoot

<blockquote rel="hotshot">@jaero : thanks! 🙂</blockquote>

@hotshot, I guess @jaero answered everything all already...

Worth noting that the 1% was charged by Commonwealth Bank when it was used as a conduit to transfer money from DBS to NAB.

I am trying to open an account sa Commonwealth Bank - logically, it I have an account to them and diretso na ang money from DBS, then I don't think kailangan pa magbayad ng 1% charge.

Makakatipid din dito kahit papaano... 🙂

hotshot

<blockquote rel="psychoboy"><blockquote rel="hotshot">@jaero : thanks! 🙂</blockquote>

@hotshot, I guess @jaero answered everything all already...

Worth noting that the 1% was charged by Commonwealth Bank when it was used as a conduit to transfer money from DBS to NAB.

I am trying to open an account sa Commonwealth Bank - logically, it I have an account to them and diretso na ang money from DBS, then I don't think kailangan pa magbayad ng 1% charge.

Makakatipid din dito kahit papaano... 🙂</blockquote>

aaahhhh! so my next question will be...pwede din ba magbukas ng account sa Commonwealth Bank online? an another would be...hindi pwede mag-wire derecho sa NAB? kelangan talaga dumaan sa Commonwealth Bank?

TasBurrfoot

<blockquote rel="hotshot"><blockquote rel="psychoboy"><blockquote rel="hotshot">@jaero : thanks! 🙂</blockquote>

@hotshot, I guess @jaero answered everything all already...

Worth noting that the 1% was charged by Commonwealth Bank when it was used as a conduit to transfer money from DBS to NAB.

I am trying to open an account sa Commonwealth Bank - logically, it I have an account to them and diretso na ang money from DBS, then I don't think kailangan pa magbayad ng 1% charge.

Makakatipid din dito kahit papaano... 🙂</blockquote>

I will let you know if makaka-open ako ng Commonwealth Bank na account. It is not as straight forward kasi as NAB where you really fill in your details sa website nila. Commonwealth back just requires you to leave your contacts and they will get back to you.

Pwede diretso magwire ng money to NAB? No... DBS does not have a relationship with NAB and as such it needs to course the money to an intermediary/agent; which in this case is Commonwealth.

Commonwealth charges us a fee for this as a result of this service...

Hope this helps! 🙂

hotshot

<blockquote rel="psychoboy"><blockquote rel="hotshot"><blockquote rel="psychoboy"><blockquote rel="hotshot">@jaero : thanks! 🙂</blockquote>

@hotshot, I guess @jaero answered everything all already...

Worth noting that the 1% was charged by Commonwealth Bank when it was used as a conduit to transfer money from DBS to NAB.

I am trying to open an account sa Commonwealth Bank - logically, it I have an account to them and diretso na ang money from DBS, then I don't think kailangan pa magbayad ng 1% charge.

Makakatipid din dito kahit papaano... 🙂</blockquote>

Pwede diretso magwire ng money to NAB? No... DBS does not have a relationship with NAB and as such it needs to course the money to an intermediary/agent; which in this case is Commonwealth.

Commonwealth charges us a fee for this as a result of this service...

Hope this helps! 🙂</blockquote>

okay....thanks for the info. keep us posted. 🙂

Pau92

Heto naman po nakita ko sa dbs

Outward Telegraphic Transfers

Doing it in dbs branch

 Cable/telex charges - $20

  Handling Commission- 1/8% of S$ equivalent of remittance amount, subject to minS$10 & maxS$120

Internet banking

   Cable/telex charges - $20

   Handling Commision - S$5 for debiting amount equal to or below S$5,000; S$10 for debiting amount       above S$5,000

here's the link:

http://www.dbs.com.sg/personal/payments/overseas-funds-transfers/outward-telegraphic-transfers/servicecharges/default.page

Mas makakatipid kung internet banking. Cheers!

rara_avis

May nakita akong ANZ Bank around Orchard area. Di ba pwedeng mag-open ng account dun?

TasBurrfoot

<blockquote rel="rara_avis">May nakita akong ANZ Bank around Orchard area. Di ba pwedeng mag-open ng account dun?</blockquote>

ANZ Singapore operates on a different license from ANZ in Australia... Apart from the same name, they don't have any direct connection.

hotshot

@psychoboy : magkaiba po ba yung type ng transaction na ginawa nyo compared to what @Pau29 mentioned above?

TasBurrfoot

<blockquote rel="hotshot">@psychoboy : magkaiba po ba yung type ng transaction na ginawa nyo compared to what @Pau29 mentioned above? </blockquote>

this is the same...

what was not mentioned there is the charges for agent bank.

hotshot

<blockquote rel="psychoboy"><blockquote rel="hotshot">@psychoboy : magkaiba po ba yung type ng transaction na ginawa nyo compared to what @Pau29 mentioned above? </blockquote>

this is the same...

what was not mentioned there is the charges for agent bank.

</blockquote>

i see. so iba pa yung 1/8% sa 1% na charge for the middle bank?

TasBurrfoot

<blockquote rel="hotshot"><blockquote rel="psychoboy"><blockquote rel="hotshot">@psychoboy : magkaiba po ba yung type ng transaction na ginawa nyo compared to what @Pau29 mentioned above? </blockquote>

this is the same...

what was not mentioned there is the charges for agent bank.

</blockquote>

i see. so iba pa yung 1/8% sa 1% na charge for the middle bank?</blockquote>

iba yan Sir... yung 1/8% charge is payable to dbs IF you do the transfer via a branch. zero ito kapag via internet.

habang ang agent bank's fee naman is payable to commonwealth bank sa example na binigay ko.

so halimbawa you wire 10k sgd via a branch to NAB, fee will be as below:

30 SGD - wire/cable charge

12.5 SGD - fee for over the countrr processing

100 SGD - agent bank fee

hope this makes it a bit clearer.

hotshot

<blockquote rel="psychoboy"><blockquote rel="hotshot"><blockquote rel="psychoboy"><blockquote rel="hotshot">@psychoboy : magkaiba po ba yung type ng transaction na ginawa nyo compared to what @Pau29 mentioned above? </blockquote>

this is the same...

what was not mentioned there is the charges for agent bank.

</blockquote>

i see. so iba pa yung 1/8% sa 1% na charge for the middle bank?</blockquote>

iba yan Sir... yung 1/8% charge is payable to dbs IF you do the transfer via a branch. zero ito kapag via internet.

habang ang agent bank's fee naman is payable to commonwealth bank sa example na binigay ko.

so halimbawa you wire 10k sgd via a branch to NAB, fee will be as below:

30 SGD - wire/cable charge

12.5 SGD - fee for over the countrr processing

100 SGD - agent bank fee

hope this makes it a bit clearer.</blockquote>

ayun. gets ko na. 🙂

so pinakamaganda talaga e gumawa ng Commonwealth bank account. sayang din yung 100SGD. 30 plates of chicken rice din yan. hehe

TasBurrfoot

<blockquote rel="hotshot"><blockquote rel="psychoboy"><blockquote rel="hotshot"><blockquote rel="psychoboy"><blockquote rel="hotshot">@psychoboy : magkaiba po ba yung type ng transaction na ginawa nyo compared to what @Pau29 mentioned above? </blockquote>

this is the same...

what was not mentioned there is the charges for agent bank.

</blockquote>

i see. so iba pa yung 1/8% sa 1% na charge for the middle bank?</blockquote>

iba yan Sir... yung 1/8% charge is payable to dbs IF you do the transfer via a branch. zero ito kapag via internet.

habang ang agent bank's fee naman is payable to commonwealth bank sa example na binigay ko.

so halimbawa you wire 10k sgd via a branch to NAB, fee will be as below:

30 SGD - wire/cable charge

12.5 SGD - fee for over the countrr processing

100 SGD - agent bank fee

hope this makes it a bit clearer.</blockquote>

ayun. gets ko na. 🙂

so pinakamaganda talaga e gumawa ng Commonwealth bank account. sayang din yung 100SGD. 30 plates of chicken rice din yan. hehe</blockquote>

oo logically, wala na charge dapat si commonwealth bank if you transfer out from a dbs acct to a commonwealth bank acct...

sayang nga!! 3 crabs na yan cguro!! ahahha

hotshot

<blockquote rel="psychoboy"><blockquote rel="hotshot"><blockquote rel="psychoboy"><blockquote rel="hotshot"><blockquote rel="psychoboy"><blockquote rel="hotshot">@psychoboy : magkaiba po ba yung type ng transaction na ginawa nyo compared to what @Pau29 mentioned above? </blockquote>

this is the same...

what was not mentioned there is the charges for agent bank.

</blockquote>

i see. so iba pa yung 1/8% sa 1% na charge for the middle bank?</blockquote>

iba yan Sir... yung 1/8% charge is payable to dbs IF you do the transfer via a branch. zero ito kapag via internet.

habang ang agent bank's fee naman is payable to commonwealth bank sa example na binigay ko.

so halimbawa you wire 10k sgd via a branch to NAB, fee will be as below:

30 SGD - wire/cable charge

12.5 SGD - fee for over the countrr processing

100 SGD - agent bank fee

hope this makes it a bit clearer.</blockquote>

ayun. gets ko na. 🙂

so pinakamaganda talaga e gumawa ng Commonwealth bank account. sayang din yung 100SGD. 30 plates of chicken rice din yan. hehe</blockquote>

oo logically, wala na charge dapat si commonwealth bank if you transfer out from a dbs acct to a commonwealth bank acct...

sayang nga!! 3 crabs na yan cguro!! ahahha</blockquote>

balitaan mo na lang kami dito kung success ang pagbukas ng Commonwealth account nyo. 🙂

hotshot

pwede ba yung magpagawa na lang ako ng Demand Draft sa bank dito sa SG tapos deposit ko na lang pagdating ko sa OZ para fee lang for the Demand Draft ang babayaran ko and nothing else?

hotshot

<blockquote rel="jaero">make sure lang po na walang monthly charge ung commonwealth bank account na ioopen nyo pag hindi kayo nakapagdeposit ng minium amount for the first few months. sayang din ang 5 dollars na ikakaltas every month pag nagkataon, unless every month ay may papasok na agad na pera 🙂

@hotshot pwede yan hotshot, kailngan may account ka na ioopen kung san mo idedeposit ung bank draft. after 3 - 4 business days maccredit na un sa account mo</blockquote>

oo nga e...may fee dun sa Commonwealth. parang ok yung NAB Classic Savings Account. ano pa ba ang pinaka-ok? 🙂

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