Australian Banks - where do you put your money?

TasBurrfoot

What bank are you currently using and why?

ANZ, Commonwealth, Westpac and NAB - these are the so-called Big 4 amongst the banks in Australia but where do you place your money?

Thanks everyone...

JClem

Currently, husband and I both have an account with NAB kasi nun nasa Manila kami sya pinakamadali i-open online from Manila. Ok din kasi sya walang monthly fee but interest earning is low. I've heard ok daw ang Westpac, though meron syang monthly fee pero mataas daw interest earning. 🙂 I might open an account with Westpac cause we don't want to keep our funds in just one bank in case it closes due to bankcruptcy. 🙂

TotoyOZresident

St. george

LittleBoyBlue

ano may pinakamaraming ATM na available?

TotoyOZresident

<blockquote rel="LittleBoyBlue">ano may pinakamaraming ATM na available?</blockquote>

Pansin ko Commonwealth ang mas marami na ATM machine second Westpac then ANZ. Every Shop naman lahat ng banks may ATM machine. Di naman problema kung saan ang may ATM importante may sasakyan ka para madali mo maapunta ang ATM machine.

LokiJr

Ano mga binubuksan niyong account diyan sa Australia? Ordinary cash account? May nakasubok na sa inyo nung term deposits nila? Parang antataas kasi ng interest hehe

TasBurrfoot

We opened and deposited most of our money in Commonwealth Bank's Goal Saver Account - it is currently paying at 4.9% provided that your account will increase (excluding interest) by A$200 at the end of each month.

<a href="http://www.commbank.com.au/personal/accounts/savings-accounts/goalsaver/rates-fees.aspx">http://www.commbank.com.au/personal/accounts/savings-accounts/goalsaver/rates-fees.aspx</a>

LokiJr

Yung 4.9% is that fixed or subject siya sa rba changes?

hotshot

sorry double post...

hotshot

<blockquote rel="psychoboy">We opened and deposited most of our money in Commonwealth Bank's Goal Saver Account - it is currently paying at 4.9% provided that your account will increase (excluding interest) by A$200 at the end of each month.

<a href="http://www.commbank.com.au/personal/accounts/savings-accounts/goalsaver/rates-fees.aspx">http://www.commbank.com.au/personal/accounts/savings-accounts/goalsaver/rates-fees.aspx</a></blockquote>

tanong ko lang po...so na-try nyo na mag fund transfer from DBS/POSB to Commonwealth account? magkano po yung charges? 🙂

TasBurrfoot

@hotshot - 5 AUD boss... 🙂

Cleon

@psychoboy, Bai kahit anong amount $5 charge?

Kaya lang ang exchange ratefrom SGD to AUD di ba lugi kapag big bills na compared sa black market?

hotshot

<blockquote rel="psychoboy">@hotshot - 5 AUD boss... 🙂</blockquote>

5 AUD is yung bank fee?

then dagdag pa yung 20SGD Cable/Telex Charge and the 5 or 10SGD na Handling Commission?

TasBurrfoot

We opened<blockquote rel="Cleon">@psychoboy, Bai kahit anong amount $5 charge?

Kaya lang ang exchange ratefrom SGD to AUD di ba lugi kapag big bills na compared sa black market?

</blockquote>

@cleon - ang sabi is 5 to 11 AUD daw... ok na rin ito at least nasa banko na ang baon namin and it is earning interest na rin.

am not sure how competitive are the rates versus getting physical bills. feeling ko di masyado malayo eh.

TasBurrfoot

<blockquote rel="hotshot"><blockquote rel="psychoboy">@hotshot - 5 AUD boss... 🙂</blockquote>

5 AUD is yung bank fee?

then dagdag pa yung 20SGD Cable/Telex Charge and the 5 or 10SGD na Handling Commission?</blockquote>

yes boss...

5AUD - bank charge for receiving (sent 10k, 5aud pa rin charge)

5/10 sgd for handling and 20 sgd for cable charge

hotshot

<blockquote rel="psychoboy"><blockquote rel="hotshot"><blockquote rel="psychoboy">@hotshot - 5 AUD boss... 🙂</blockquote>

5 AUD is yung bank fee?

then dagdag pa yung 20SGD Cable/Telex Charge and the 5 or 10SGD na Handling Commission?</blockquote>

yes boss...

5AUD - bank charge for receiving (sent 10k, 5aud pa rin charge)

5/10 sgd for handling and 20 sgd for cable charge

</blockquote>

thanks!

pahabol na questions. sorry ha. hehehe

yung Goal Saver Account ng Commonwealth...walang monthly fee...am i right? pero kelangan mo sya i-link sa isang Transaction Account....tapos yun ang may monthly fee na either 4 or 6AUD per month?

TasBurrfoot

<blockquote rel="hotshot"><blockquote rel="psychoboy"><blockquote rel="hotshot"><blockquote rel="psychoboy">@hotshot - 5 AUD boss... 🙂</blockquote>

5 AUD is yung bank fee?

then dagdag pa yung 20SGD Cable/Telex Charge and the 5 or 10SGD na Handling Commission?</blockquote>

yes boss...

5AUD - bank charge for receiving (sent 10k, 5aud pa rin charge)

5/10 sgd for handling and 20 sgd for cable charge

</blockquote>

thanks!

pahabol na questions. sorry ha. hehehe

yung Goal Saver Account ng Commonwealth...walang monthly fee...am i right? pero kelangan mo sya i-link sa isang Transaction Account....tapos yun ang may monthly fee na either 4 or 6AUD per month?</blockquote>

Isang account lang ito @hotshot - this is my sole banking account sa Commonwealth...

May fee ata ito if you make more than 1 withdrawal per month. But for now since matutulog pera ko dito for 4 months before we migrate, I don't look at this muna. In due time cguro, I will open another account naman and it will be for daily usage for me and my wife.

LokiJr

Meron ba silang account diyan na waived yung monthly fees pag bihira mo lang galawin yung account? $4-6 a month is a big thing in the long run e hehe

tuts1914

Kami din sa Commonwealth Bank nag-open, and same as pyschoboy Goal Saver Account din. Pero maganda din that you have their Everyday account kase that includes a Debit/ATM card. Yung Goal saver kase walang card so tama lang yun pang save tlga. According to them for the "Everyday" account may $4 charge monthly but you can avoid that if may papasok na at least $2000 monthly, which is kaya nman esp kpag nagwowork ka na. Ang goal saver alam ko wala naman monthly fee.

LokiJr

$2,000 monthly?? malaki a...might as well put that amount in superannuation mas malaki pa itutubo niyang pera hehe