Australian Banks - where do you put your money?

Nadine

Thanks for that @jaero. Meron nga ako MF, pero Pinas po. Medyo takot pa ako mag venture into "risky" territory dito. Have you guys tried MF dito?

Speaking of super, Balanced growth lang ang sakin with pre-tax voluntary contribution. Pero in the less-than-a-year stay ko sa company, parang maganda ang performance. I of course don't really know for sure, feelingera ko lang. Saka ko na po invest super into something more risky, pag sobrang dami na pera ko (which probably won't happen).

@Skinnylove, how do you do that though, invest the super into stocks/bonds? Pano ginagawa yun?

Again, salamat sa input.

skinnylove

@Nadine, with the super fund i am with (employer super), they offer the members on where the money can be invested. the member can decide on how much he wants to invest to which industry/product. pero i chose the default investment to be safe, the balanced investment. some of my colleagues chose the growth investment.

Check with your fund if you want your super to get more returns...pero more returns will be a bit risky.

vhoythoy

How about citibank? Ok ba and accessible citibank sa Oz? Dito kasi sa sg kahit konti lang atm machines nila atleast meron sa lahat halos ng mrt stations

TasBurrfoot

How about citibank? Ok ba and accessible citibank sa Oz? Dito kasi sa sg kahit konti lang atm machines nila atleast meron sa lahat halos ng mrt stations

nah... not that plenty!!

patay tayo diyan if nasa suburbs tayo as walang mga citibank atms.

you can't go wrong with a big 4; NAB and CBA kami.

pmzinoz

meron bang transfer fee or charge kapag nag-transfer ka ng money thru online in between local banks?

JCsantos

meron bang transfer fee or charge kapag nag-transfer ka ng money thru online in between local banks?

None

kookie420

@vhoythoy kung may citibank ka you can use any westpac atm, no charges. pero di ako 100% sure sa charge.

i use westpac, which allows me to access both wp and st george atms.

pmzinoz

@JC, tks

@kookie420, citibank AU ba yan tinutukoy mo?

JCsantos

@vhoythoy kung may citibank ka you can use any westpac atm, no charges. pero di ako 100% sure sa charge.

i use westpac, which allows me to access both wp and st george atms.

If you have a bankwest card you can withdraw money from the big four banks without a fee

peach17

Hi Doc @Nadine, pinaextend nyo ba yung interest nyo sa NAB iSaver?
Nakalagay kasi dun sa email na sinend nila when we opened the account, after 4 months, kailangan mag request sa bank to extend the higher interest rate.
Ginawa namin to, tumawag lang kami sa NAB and inextend naman ang interest rate.


Share nyo po samin kung okay magiging experience nyo sa Westpac ah.
Para kung mas maganda dyan, ilipat din namin hehe

gmad06

Hi mga kabayan,, doon po ba sa mga nagtransfer ng pera from DBS to Westpac, kelangan pa ba ipaalam sa DBS officer na magtransact ka ng transfer verbally? di ko ba magawa yan online on my own? thanks po...

pmzinoz

I will answer above question but for Citibank SG bank account holder ito applicable. For us, we can do online transfer from Citi SG a/c to Citi AU a/c for free using online but you can also negotiate the forex rate if you will transfer 30k above and you need to call your personal banker for this.

I say, I have been given a good rate during that time of forex.

TasBurrfoot

Hi mga kabayan,, doon po ba sa mga nagtransfer ng pera from DBS to Westpac, kelangan pa ba ipaalam sa DBS officer na magtransact ka ng transfer verbally? di ko ba magawa yan online on my own? thanks po...

You can do this online; in fact during our time (around 18 months ago), it is cheaper to do it online rather than via a branch - mas mura ang fee kumbaga.

Having said that, tama si @pmzinoz na if you transact big amount of money, you can get a favourable rate from branch personnel.

kookie420

@JC, tks

@kookie420, citibank AU ba yan tinutukoy mo?

yup, citi au.

mazza

Commonwealth Bank ang gamit ko and have no complaints

gmad06

Hi mga kabayan,, doon po ba sa mga nagtransfer ng pera from DBS to Westpac, kelangan pa ba ipaalam sa DBS officer na magtransact ka ng transfer verbally? di ko ba magawa yan online on my own? thanks po...

You can do this online; in fact during our time (around 18 months ago), it is cheaper to do it online rather than via a branch - mas mura ang fee kumbaga.

Having said that, tama si @pmzinoz na if you transact big amount of money, you can get a favourable rate from branch personnel.

@pmzinoz and @TasBurrfoot. thanks for your feedback, just to confirm after ko magsign up ng Australian bank iregister ko lng sya as payee sa DBS account ko under funds transfer overseas? ano ba yung transfer currency gamit nyo AUD or SGD? i am not really familiar kung alin masmkasave, and what are the details needed sa recepient details column..thanks
sa mga sagot nyo

TasBurrfoot

Hi mga kabayan,, doon po ba sa mga nagtransfer ng pera from DBS to Westpac, kelangan pa ba ipaalam sa DBS officer na magtransact ka ng transfer verbally? di ko ba magawa yan online on my own? thanks po...

You can do this online; in fact during our time (around 18 months ago), it is cheaper to do it online rather than via a branch - mas mura ang fee kumbaga.

Having said that, tama si @pmzinoz na if you transact big amount of money, you can get a favourable rate from branch personnel.

@pmzinoz and @TasBurrfoot. thanks for your feedback, just to confirm after ko magsign up ng Australian bank iregister ko lng sya as payee sa DBS account ko under funds transfer overseas? ano ba yung transfer currency gamit nyo AUD or SGD? i am not really familiar kung alin masmkasave, and what are the details needed sa recepient details column..thanks
sa mga sagot nyo

Recipient detail are your bank account, BSB and SWIFT code for your Australia Bank...

gmad06

@TasBurrfoot thanks po..

LakiMasel

Hi guys,
Paano kayo nag apply sa bank while nasa Philippines or Singapore kayo? Di ba kayo hinanahapan ng Australian address hung nag apply kayo?

peach17

Hi @LakiMasel, online application yung ginawa namin
Yung NAB meron silang online application dedicated for Migrants

D ko lang matandaan kung merong fields sa Application Form na Australian Address.
Ihanda mo na lang din just in case.
Kahit yung sa temporary na tutuluyan mo dito sa AU

TasBurrfoot

Hi guys,
Paano kayo nag apply sa bank while nasa Philippines or Singapore kayo? Di ba kayo hinanahapan ng Australian address hung nag apply kayo?

Our acct opened in NAB/Commbank bear our address in Singapore...

No issues with it.

rara_avis

For those who opened their accounts with NAB, gano sila katagal magreply via email for your verification appointment? Will be arriving in Sydney on the 23rd of March and I emailed my assigned bankers about 10 days ago for a meeting schedule, wala pa ding reply. Nagsend na ako ng follow up email 3 days ago, still walang response.

TasBurrfoot

For those who opened their accounts with NAB, gano sila katagal magreply via email for your verification appointment? Will be arriving in Sydney on the 23rd of March and I emailed my assigned bankers about 10 days ago for a meeting schedule, wala pa ding reply. Nagsend na ako ng follow up email 3 days ago, still walang response.

akin 1 day...

rooroo

For those who opened their accounts with NAB, gano sila katagal magreply via email for your verification appointment? Will be arriving in Sydney on the 23rd of March and I emailed my assigned bankers about 10 days ago for a meeting schedule, wala pa ding reply. Nagsend na ako ng follow up email 3 days ago, still walang response.

inabot sakin ng 2 days. nun ika 2nd day na nag email ako to follow up, sabi kasi within 24hrs dapat makareceive ng email. last year they had a promo na may additional interest rate on top of the usual interest nila. 3 months na sa bank un initial deposit ko at ang lake na ng interest, i mean not bad

rara_avis

Hmm. parang sa akin lang mabagal magreply. Tatawagan ko na nga sa Monday pag wala pa din bukas.

jvframos

mga masters, question ko lang po which one is advisable, is it ok to open a joint account or individual account for me and my husband. we will ne ni Oz po by June and one of us will stay in Oz and the other one will be going back to Dubai para may income pa din while the other one is working. in this case po, which one is more advisable?

TasBurrfoot

mga masters, question ko lang po which one is advisable, is it ok to open a joint account or individual account for me and my husband. we will ne ni Oz po by June and one of us will stay in Oz and the other one will be going back to Dubai para may income pa din while the other one is working. in this case po, which one is more advisable?

it does not matter; either is fine...

or if you want, you can do a single account and have it revised to joint later on.

personal pref for you my friend. don't get bugged down thinking of this too much!

jvframos

@TasBurrfoot thanks sir.... nagtry kasi magfill up ng online application and there is an item that asks me if this will be an individual or joint account. so napaisip ako kaya di ko munta tinuloy. so kung ok lang pala to have it revised later to a joint account eh mag individual muna ako for the meantime. salamat ulet.

TasBurrfoot

@TasBurrfoot thanks sir.... nagtry kasi magfill up ng online application and there is an item that asks me if this will be an individual or joint account. so napaisip ako kaya di ko munta tinuloy. so kung ok lang pala to have it revised later to a joint account eh mag individual muna ako for the meantime. salamat ulet.

No worries...

Another option is to open a new account; libre naman mag-open eh and mabilis naman gawin ito.

vhoythoy

@TasBurrfoot thanks sir.... nagtry kasi magfill up ng online application and there is an item that asks me if this will be an individual or joint account. so napaisip ako kaya di ko munta tinuloy. so kung ok lang pala to have it revised later to a joint account eh mag individual muna ako for the meantime. salamat ulet.

Pag boss si kumander sa haus nyo joint account. Kapag ikaw ang boss, individual account. Hahaha. Joke lang, up to you.