Australian Banks - where do you put your money?

Ren

Here in adelaide, I prefer CBA since madaming ATM.

$2,000 a month is attainable from someone who is working and since naka connect naman from your payroll. So the chance of $5 deduction is pretty rare.

regarding Term deposit at Commonwealth Bank, $10,000 for 3 months = $3.9% p a

LokiJr

Thanks for the advice guys 😃 I still need a visa after all hehe...Di na attractive deposit products sa Pinas...kahit SDA natin kasi ampangit na ng rates 🙁 so having a way to put your money to something better like in Australian banks would be useful hehe

rolf021

Hello po..just wanted to ask.if i have opened an nab account, then asked bdo to wire tranfer the money to my au account..ang exchange rate ba na gagamitin is thesame nung published selling rate ng bdo?

hotshot

<blockquote rel="rolf021">Hello po..just wanted to ask.if i have opened an nab account, then asked bdo to wire tranfer the money to my au account..ang exchange rate ba na gagamitin is thesame nung published selling rate ng bdo?</blockquote>

sa experience ko from DBS (SG bank) to NAB here in oz...ang rate na ginamit ay yung selling rate ng DBS bank. tanong mo din sa BDO kung sino ang partner bank nila here. magandang mag-open ka na lang ng bank account sa bank na partner nila para maiwasan ang dagdag na charges.

nalooka

Gusto ko rin maglagay ng pera sa AU while asa pinas. Kahit anong bank ba pwede mag wire transfer sa pinas to AU banks?

What if may AU bank na, pwede bang magtransfer ng pera from AU to Pinas bank naman? Anong banks ang pwedeng ganun? Kasi may maiiwan ko pa parents ko dito pinas e

Thanks in advance.

TasBurrfoot

<blockquote rel="nalooka">Gusto ko rin maglagay ng pera sa AU while asa pinas. Kahit anong bank ba pwede mag wire transfer sa pinas to AU banks?

What if may AU bank na, pwede bang magtransfer ng pera from AU to Pinas bank naman? Anong banks ang pwedeng ganun? Kasi may maiiwan ko pa parents ko dito pinas e

Thanks in advance.</blockquote>

All banks from Pinas can transfer money to AU banks...

Similarly, all banks in Australia can transfer to PH banks...

nalooka

Thanks!

inquirer

Kami Westpac at uBank. Yun salary namin dinedeposit ng employer namin sa Westpac. Madaming ATM. They also own St George kaya pwde rin mag withdraw w/o incurring any charges.

uBank for saving naman. Mataas interest around 4.9%.

TasBurrfoot

up for this...

@jamee - you can read from the top; good luck!!

li_i_ren

@LokiJr <blockquote rel="LokiJr">Thanks for the advice guys 😃 I still need a visa after all hehe...Di na attractive deposit products sa Pinas...kahit SDA natin kasi ampangit na ng rates 🙁 so having a way to put your money to something better like in Australian banks would be useful hehe</blockquote>

Actually tama ka..panget ng rates sa atin sa pinas. If u have extra funds mag time deposit abroad..offshore accounts ala marcos! Hahahaha!!

Earn interest in dollars... Mas ok din banking stability here unlike sa pinas the small banks who offer higher rates may big chances of closing down like eastwest bank if i remember correctly.

meehmooh

Anyone has tried changing your singapore dollars / philippine peso to australian dollars then deposit in australian bank before moving to AU.? Mataas pilitan ngayon ng SG dollars to AU dollars... great savings if malaki pa change nyo..

TasBurrfoot

<blockquote rel="meehmooh">Anyone has tried changing your singapore dollars / philippine peso to australian dollars then deposit in australian bank before moving to AU.? Mataas pilitan ngayon ng SG dollars to AU dollars... great savings if malaki pa change nyo..</blockquote>

This is not possible ata @meehmooh... Walang bangko kasi tatanggap ng AUD mo eh and have it transferred to Australia. 🙂

When you do wire transfer from PH/SG, kailangan ito sourced from the local currency where you maintain the account. Dito kasi sila kikita sa FX conversion eh (mga 2% give or take)

I really doubt if super laki ang difference between the rate sa FX counter and sa FX conversion when doing wire transfer.

meehmooh

@psychoboy .. indi ko pa na check sa bank... but as what you have said.. not possible so better wire transfer na lng po talaga then carry some cash when moving AU.

jamee

@psychoboy Thanks for directing me to this discussion, psychoboy! God bless you!

staycool

mga banker, summarize ko lang angpagkakaintindi ko sa nabasa ko sa thread na to...

mas maganda mag-deposit kung first time migrant ka sa NAB considering na walang minimum balance and walang monthly fees/charges na kinakaltas. hindi po ba kapag naka-Classic ka (the one with an ATM) automatic pwede ka mag-online transaction sa bank (as offered ng iSaver)?
westpac kung gusto maraming ATM machines but meron tong monthly fee.
Ubank for savings lang dahil may mataas na interest (4.9%)... pero does this have monthly/annual fee? dapat po ba may maintaining balance to?

as for opening a bank account (i.e. with NAB) while still in the Philippines, this can be done online (?) and money transferred from Philippine bank (i.e. BPI / BDO) will carry the Philippine exchange rate plus charges ... ?

di po ba 10kAUD lang ang pwedeng cash on hand na dalhin?...the rest dapat naka-transfer na sa bank account sa AUD...? or pwedeng magdala MORE than 10k AUD and DECLARE it nalang??

stolich18

Yes pdeng wire transfer from ph to au. Hihingiin mo lng ung IBAN # ata un from the bank here tapos bigay mo lng sa bpi sa pinas. Need to call the bank in ph regarding the details, exchange rate and charges.

Yeah 10kaud lng max. Pde naman sumobra bsta declare lng. Pero for me ok na rin wag mgexceed para no questions asked. Mkikita pa yan ng immi officers and ttanungin ka pa bkt mlaki dala mo hehe

staycool

@stolich18 sir, anong bangko (sa Au and Phil.) ang masu-suggest mo na maganda ang services (with less fees) na pwedeng i-wire transfer ang money from Phil. to Au and vv.??

stolich18

@staycool natry ko so far bpi.

JCsantos

Try Bankwest ... pwede kahit anong ATM ....

we have St George for out Mortgage and savings ...

my Wife is on Bankwest

and me on Commonwealth

Just like the poster way above before me, better not put your eggs on one basket

TasBurrfoot

<blockquote rel="JCsantos">Try Bankwest ... pwede kahit anong ATM ....

we have St George for out Mortgage and savings ...

my Wife is on Bankwest

and me on Commonwealth

Just like the poster way above before me, better not put your eggs on one basket </blockquote>

Pwede kahit anong ATM but you will incur charges, am I right @JCsantos?

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