Australian Banks - where do you put your money?

TasBurrfoot

<blockquote rel="floradanica">Opened an account with Commonwealth. I filled up an online application then after 3 working days, I got a call from them confirming some of the information on the application form, followed by a 30-minute briefing about our joint account.

Still thinking about how to put money in that account though. Commonwealth charges $11 for receiving money via wire, regardless the amount. Aside from the cash we'll be bringing in (less than 10K AUD), I'm thinking of withdrawing cash from Citibank ATM in Australia, using my Citibank SG card and depositing that cash into our Commonwealth account. I'm afraid though the exchange rate will not be on my favour.

Kung bank transfer kaya from SG bank to Commonwealth Australia? Anong bank kaya ang ok?</blockquote>

I used DBS - all the charges are posted in their website... Okey naman ang FX rate nila and their is a A$5 charge upon receipt of money here in Australia.

floradanica

@TasBurrfoot salamat sa sagot ser. anong bank mo jan sa Australia?

TasBurrfoot

<blockquote rel="floradanica">@TasBurrfoot salamat sa sagot ser. anong bank mo jan sa Australia?</blockquote>

Commonwealth and NAB kami ni misis...

ianne27

@TasBurrfoot, master, we opened an account sa Commonwealth Bank... tinawagan na rin kami ng person in charge for migrants (with her thick NSW accent, whew... LOL). Do we need to maintain a monthly balance (for ex. AUD 600) every month, or no need na po?

Thanks in advance :-)

TasBurrfoot

<blockquote rel="ianne27">@TasBurrfoot, master, we opened an account sa Commonwealth Bank... tinawagan na rin kami ng person in charge for migrants (with her thick NSW accent, whew... LOL). Do we need to maintain a monthly balance (for ex. AUD 600) every month, or no need na po?

Thanks in advance :-) </blockquote>

Depende yan sa account na in-open mo but it should have been discussed with you by the one who called from CBA when they opened the account.

Ours did not have a maintaining; we opened the GoalSaver Acct...

ianne27

Thanks a lot master @TasBurrfoot... nag email siya kanina... no need maintaining balance... haiz salamat...

Ang West Pac kasi need ng 2k monthly...

cheesy

silly questioon namn po..dku alam kasi kalakaran s banks..pag ba mag wiwithdraw ako banks atm s australia from my account s pnas ..example bpi aling selling rate po ba susundin yung bank ko s pnas or yung pinagwithdraw ko s au?tnx

stolich18

Sa CBA, magkaiba ang Smart access account and Goal Saver/netbank Savings account. The former requires a monthly deposit of 2K AUD (otherwise may 4AUD charge), while the latter does not require any maintaining/deposit amount...

Smart access ang kelangan for payroll and medicare. Kase it will basically allow other people/institutions to deposit sa account mo.. Yung Savings account kase, ikaw lang pde maglagay ng pera don via your smart access (dapat linked sya sa smart access sa pagkakaintindi ko).

Sounds complicated? hehehe ako rin nalilito na! 😃

TasBurrfoot

<blockquote rel="stolich18">Sa CBA, magkaiba ang Smart access account and Goal Saver/netbank Savings account. The former requires a monthly deposit of 2K AUD (otherwise may 4AUD charge), while the latter does not require any maintaining/deposit amount...

Sounds complicated? hehehe ako rin nalilito na! 😃</blockquote>

Well, pwede naman mag-transfer ng pera from outside sa goal saver account - this is where we transferred our money from Singapore. Malaki kasi interest dito sa Goal Saver! 🙂

Di na namin pinadaan sa smart access account... DBS Singapore to CBA Goal Saver kaagad and wala naman problem.

Khaosan_Road

hayzzz buti pa kau iniisip nyo eh xferring money... ako money mismo ang iniisip ko hehe.

stolich18

@TasBurrFoot actually hindi rin ako ngtransfer from offshore to Au.. heheh ang tinutukoy ko kase ung bank account na pde magdeposit ang other agencies to your account like for payroll. Pde rin ba goal saver for that? not sure if goal saver tong na-open ko with cba. lol pero yeap mlaki interest.

@khaosan nku hindi nga rin mlaki baon ko, nasagad pa nga kase mga 3 weeks delayed sweldo tapos ngbbayad ako childcare that time heheh

Khaosan_Road

<blockquote rel="stolich18

@khaosan nku hindi nga rin mlaki baon ko, nasagad pa nga kase mga 3 weeks delayed sweldo tapos ngbbayad ako childcare that time heheh</blockquote>

Mabait talga si Lord... alam nya na maliit lang baon mo kaya binigyan ka kaagad ng work... Sana ako din hehe. Nakakahiya din kc makituloy sa kaibigan ko nang matagal... ay OT na 😛

TasBurrfoot

<blockquote rel="stolich18">@TasBurrFoot actually hindi rin ako ngtransfer from offshore to Au.. heheh ang tinutukoy ko kase ung bank account na pde magdeposit ang other agencies to your account like for payroll. Pde rin ba goal saver for that? not sure if goal saver tong na-open ko with cba. lol pero yeap mlaki interest.

@khaosan nku hindi nga rin mlaki baon ko, nasagad pa nga kase mga 3 weeks delayed sweldo tapos ngbbayad ako childcare that time heheh</blockquote>

Yup pwede ang Goal Saver... It has a BSB naman and the acct number so pwede ma-credit sweldo mo dito.

stolich18

ahahah di ko to alam ah lol i wonder bkt smart access ang pina-open skn... yeah tama goal saver pala ung isa kong account hehehe

stolich18

@khaosan yup true! at may anak na kase kami and may sinusupport na family sa pinas kaya kelangan magkawork din agad heheh

peach17

<blockquote rel="TasBurrfoot"><blockquote rel="floradanica">@TasBurrfoot salamat sa sagot ser. anong bank mo jan sa Australia?</blockquote>

Commonwealth and NAB kami ni misis...</blockquote>

@TasBurrfoot, yung sa NAB mo yun ba yung inopen mo online while still here in the Phils or SG pala?

Inavail mo ba yung Classic with iSaver nila na bank account?

Then pina telegraphic transfer mo din yung money from SG Bank Account to NAB?

Tama po ba?

TasBurrfoot

<blockquote rel="peach17"><blockquote rel="TasBurrfoot"><blockquote rel="floradanica">@TasBurrfoot salamat sa sagot ser. anong bank mo jan sa Australia?</blockquote>

Commonwealth and NAB kami ni misis...</blockquote>

@TasBurrfoot, yung sa NAB mo yun ba yung inopen mo online while still here in the Phils or SG pala?

Inavail mo ba yung Classic with iSaver nila na bank account?

Then pina telegraphic transfer mo din yung money from SG Bank Account to NAB?

Tama po ba?

</blockquote>

NAB opened while in SG; yup classic + iSaver and yes, DBS to NAB... 🙂

peach17

Thanks @TasBurrfoot 🙂

staycool

sa CBA po ba, both ang SMART ACCESS ACCOUNT and GOAL SAVER ACCT may ATM po bang ibibigay sa inyo??

stolich18

yung skn smart access lang ang may atm

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