How did you bring in your money to OZ?

Liolaeus · January 2016

@TTam Paano mag open sa NAB ng wala pang TFN? Requirement kasi bago makapag open ng account. Pwede ba kumuha ng TFN kahit di pa nakakapag initial entry?

TTam · January 2016

@Liolaeus Punta lang po kayo sa NAB website (under migrant banking), may special scheme for New Immigrant po. Meron din po sa Westpac and ANZ.. Ok lang po kahit wala pang TFN.

Ang pagkakaalala ko 1 year ang validity nung account, dapat on or before 1 yr na naopen nyo yung bank account ay makapagland kayo sa oz to meet with the Migrant Banker.

Ang TFN po, ang pagkakaalam ko dapat nasa oz ka na bago ka makakuha nun.

andrew_bonn · January 2016

Hi,

Meron po ba nakasubok na dito magtransfer ng money from DBS Singapore to Commonwealth Bank of Australia? Sa online banking kasi ni DBS, andaming option ng swift code. According to Comm Bank website, we should use CTBAAU2S but we are seeing a lot of this as option sa DBS Online banking with different suffixes like CTBAAU2S600,CTBAAU2S700,CTBAAU2SXXX. We're not sure which one to choose. We already sent email to Comm Bank pero wala pa din sila reply. Any inputs po sa mga nakapagtry na?

engineer20 · January 2016

@andrew_bonn mas ok ba rate sa DBS? baka gusto mo try pay2home.

Liolaeus · January 2016

@TTam Ahh okay, nakita ko na yung migrant banking. Ibang website pala ng nab.com.au yun. Salamat!!

m0t0k0 · February 2016

@filipinacpa Wala po anuman. Nasa pinas po ba kayo? If yes, you can check your bank if magkano po ang service charge nila. May iba po kasing bank na nagccharge based on the amount you transfer, meron naman po yatang iba na fixed.

If kailangan namin ng "physical" cash, nagpapalit po kami sa czarina money changer sa makati. You just need to call them para makapagpareserve or to inquire if meron silang AUD.

Pero most of the time, online foreign exchange po ang gamit namin. Hassle free po kasi at mababantayan mo pa ang galaw ng exchange rates.

Hi @TTam, thanks for sharing this.

May I ask which bank in the Philippines was yours and how much was the service charge that you incurred?

Another question, as I am researching this topic as well, I was wondering why there is still a local bank service charge? I thought the steps were:
1. Peso money was paid from bank to HiFx to buy Aud
2. HiFx transfers the Aud to Nab
Was the local fee due to sending the money to HiFx?

Laslty, NAB did not charge any additional fees when it received the Aud?

m0t0k0 · February 2016

@TasBurrfoot kayo sir ano po method ang ginawa niyo para madala ung extra pocket money nyo?thanks
We just brought $250 as pocket money - all the rest were in the CBA account that we opened months before.

Of course meron din kami dala BPI atm just in case plus the still open Singapore Credit Cards then.

Hi@TasBurrfoot, thanks for sharing. The money sent to Cba months before, those were sent using your iRemit approach? Did the CBA have a separate fee when it received the Aud?

May I ask, did you use bpionline?
For example
1. add your iRemit account (which needs you to visit the bank personally)
2. Use bpionline pay bills to iRemit?
3. Once iRemit get Peso, it buys equivalent Aud
4. Does iRemit send the Aud to Cba?

TasBurrfoot · February 2016

@TasBurrfoot kayo sir ano po method ang ginawa niyo para madala ung extra pocket money nyo?thanks
We just brought $250 as pocket money - all the rest were in the CBA account that we opened months before.

Of course meron din kami dala BPI atm just in case plus the still open Singapore Credit Cards then.
Hi@TasBurrfoot, thanks for sharing. The money sent to Cba months before, those were sent using your iRemit approach? Did the CBA have a separate fee when it received the Aud?

May I ask, did you use bpionline?
For example
1. add your iRemit account (which needs you to visit the bank personally)
2. Use bpionline pay bills to iRemit?
3. Once iRemit get Peso, it buys equivalent Aud
4. Does iRemit send the Aud to Cba?

No - prior to moving in, we remitted it via our bank in Singapore...

The iRemit approach was for our condo sales proceeds - yes I did enrol iRemit's BPI account in my expressonline; I transfer money to iRemit and then they bought AUD for me and transferred it to my Australian bank account.

There is a charge in the Australian bank to receive cash but it was very small $10 ata for a condo proceed in AUD.

m0t0k0 · February 2016

@TasBurrfoot kayo sir ano po method ang ginawa niyo para madala ung extra pocket money nyo?thanks
We just brought $250 as pocket money - all the rest were in the CBA account that we opened months before.

Of course meron din kami dala BPI atm just in case plus the still open Singapore Credit Cards then.
Hi@TasBurrfoot, thanks for sharing. The money sent to Cba months before, those were sent using your iRemit approach? Did the CBA have a separate fee when it received the Aud?

May I ask, did you use bpionline?
For example
1. add your iRemit account (which needs you to visit the bank personally)
2. Use bpionline pay bills to iRemit?
3. Once iRemit get Peso, it buys equivalent Aud
4. Does iRemit send the Aud to Cba?
No - prior to moving in, we remitted it via our bank in Singapore...

The iRemit approach was for our condo sales proceeds - yes I did enrol iRemit's BPI account in my expressonline; I transfer money to iRemit and then they bought AUD for me and transferred it to my Australian bank account.

There is a charge in the Australian bank to receive cash but it was very small $10 ata for a condo proceed in AUD.

@TasBurrfoot Thanks for replying.

Just to clarify when you say "...I did enrol iRemit's BPI account in my expressonline; I transfer money to iRemit ...", do you mean using BPI expressonline and using the "Pay Bills" functionality, wherein you select the enrolled iRemit account and specify the amount in Pesos that will be used to purchase the AUD?

I checked today if I can enroll iRemit in the Pay Bills but the company iRemit is not in the list of allowed to be enrolled. I just wanted to clarify if you used the Pay Bills or the Transfer Fund in expressonline?

jrgongon · February 2016

@TasBurrfoot hi..may i know pano ung procedure sa iremit bpi?para madala yung pera namin sa oz..tnx

TTam · February 2016

@m0t0k0

May I ask which bank in the Philippines was yours and how much was the service charge that you incurred? - we are not based in pinas sir, service charge depends on the amount you want to transfer

Another question, as I am researching this topic as well, I was wondering why there is still a local bank service charge? I thought the steps were:
1. Peso money was paid from bank to HiFx to buy Aud
2. HiFx transfers the Aud to Nab
Was the local fee due to sending the money to HiFx? - this is for the wire transfer fee

Laslty, NAB did not charge any additional fees when it received the Aud? - Yes

TasBurrfoot · February 2016

@TasBurrfoot hi..may i know pano ung procedure sa iremit bpi?para madala yung pera namin sa oz..tnx

just contact them and you will need to fill in a few forms...

jrgongon · February 2016

@TasBurrfoot thanks po...eh ung pagopen sa NAB?kahit online po ba possible?

m0t0k0 · February 2016

@jrgongon
1. Go to http://migrant.nabgroup.com/
2. Then click the link " opening your bank account "
3. Fill out the form

Please note, I have NOT done this yet myself, but this is the approach that I plan to use. As others mentioned in this thread, CBA and Westpac also have migrant banking, pero ndi ko pa nabasa un 2 banks na iyon.

se29m · February 2016

I applied na sa NAB SG. Pero they'll contact daw 5-7 business days

engineer20 · February 2016

@se29m mukhang marami kang sgd na itatransfer sa NAB kaya nagopen ka na pare. ask ko lang kung pwede na ba magopen ng account kahit hindi pa granted ang migrant visa?

se29m · February 2016

@engineer20 wala naman required amount hehehe.. Nag apply pa lang ako.. Tas intayin ko sila na contact ako para makapagstart na ng isaver.. Wala pa nga pambaon eh hahaha... Para lang may maitabi ako the next 2 months ng hindi magagalaw..

jrgongon · February 2016

Pag meron na ako nab pwede na ako magtransfer?pano ko naman iwiwithdraw un pag nasa o na me

filipinacpa · February 2016

I already got my welcome kit sa NAB kaso malayo pala yung branch na napili ko. 45 mins away. nakahanap ako lately lang ng nearest branch like 15 mins away sa titirahan ko so i requested them if they could move my branch where i could go to activate my account.

Another issue ko is transferring funds from PH bank to AU bank. How did you guys do it po? I inquired sa BDO but they said I need to have a dollar account with them to do so.

engineer20 · February 2016

@se29m sir may update na sa NAB for your account opening?

se29m · February 2016

@engineer20 wala pa eh.. sabi sa email 7 business days daw kasi ag dami nagaapply hehehe

se29m · February 2016

@engineer20 nagsend na si nab ng welcome letter at details nung account numbers ko.. Ngayun, hanap na lang ng pera na itransfer sa account na yun hehehe

jrgongon · February 2016

@se29m sir...pagmeron ng nab account paano naman ang way para madepositohan or malagyan ng pera un..tapos once may pera na..paano mo naman mawiwithdraw sa australia..salamat

se29m · February 2016

@jrgongon may nabasa ako from this forum na they used iremit or deposit na aud derecho to account. dito kasi sa sg, pwede kami mag b2b transfer.

jrgongon · February 2016

@se29m pag dating sa oz pano naman sya mawiwithdraw?

filipinacpa · February 2016

@jrgongon punta ka sa branch na nakalagay sa welcome kit mo to activate your bank account.. then kasama na yata dun pati atm card..

se29m · February 2016

@jrgongon may instructions po na isend si nab sa email nyo regarding your account details and yung branch na pinakamalapit sa location na napili nyo..

vamdcpa · February 2016

Hi guys, may nakapagtransfer na ba sa inyo from BPI directly to NAB?

Just received my welcome kit this morning.. Thank you

m0t0k0 · February 2016

Opened a migrant account yesterday, chose the option with iSaver. So far i only received an email confirming my submission (no sms yet, i assume since it says its the last step, i will get an sms a bit later on?)

@filipinacpa and @vamdcpa what is inside the welcome kit, is it a physical mail that you received here in Manila?