Australian Banks - where do you put your money?

IslanderndCity · May 2014

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.
ano po ang big 4 diyan sa Au?
Para makapag-apply online po ako dito sa SG then activate in Au soon (in God 's will).
Mate, google is your friend but since you ask, it shall be given to you...

http://en.wikipedia.org/wiki/Big_Four_(banking)#Australia.2FNew_Zealand

Thanks mate.
Sabi nga sa bible:
Matthew 7:7 "Ask and it shall be given to you"...

kookie420 · May 2014

bilib ako sa patience mo tasburrfoot.

TasBurrfoot · May 2014

bilib ako sa patience mo tasburrfoot.

TA!

trying... ahahaha!!

Kumusta @kookie420? Ikaw to ang bisaya na taga singapore na buros noh?

kookie420 · May 2014

@tasburfoot dili na buros ron, buros looking na lang hehe
husband na nako ga post, ayaw tuo sa iyaha haha
daghan jud dili ka himao mu google diri

peterpan07 · May 2014

We are already in Perth!

ang ginawa po nmen about our money, since my account kme sa citibank nagopen kme dun ng foreign currency account for AUD. so nagpapachange kme ng aud sa labas which is mas mganda ang palitan kesa bank's rate. then pinapasok nmen sa foreign currency account. then pinaactivate nmen tong account nato bgo kme pumunta here. so withdraw nmen ung money thru atm with no charge. at saka nmen dineposit sa NAB. iwas bank's exchange rate tlga ang purpose nmen.

tartakobsky · May 2014

Bumili po kami ng bank draft sa DBS, 0.12% po ng total amount yung charge. Tapos saka namin dineposito sa Westpac yung bank draft. No other charges naman po.

rara_avis · May 2014

Anyone here na recently nagtransfer ng savings from PH to AU banks? My mom asked BDO and required daw may TIN and dapat approved ng Bangko Sentral. I understand yung part about TIN pero bakit kailangan may approval ng Bangko Sentral, hindi naman ako mag-ttransfer ng super laking amount.

pmzinoz · May 2014

@peterpan07

bakit walang charge?

staycool · May 2014

so far, ano ang BEST interest rates ng ANONG BANGKO na savings?...just asking...hehehe

TasBurrfoot · May 2014

so far, ano ang BEST interest rates ng ANONG BANGKO na savings?...just asking...hehehe

shop around... key points to remember is iba dito ang savings account versus your everyday transactional account.

our savings is parked in Commbank Goal Saver; 3.8% nalang sya (it was 4.75% when we opened 18 months back) as long as you increase your ADB by $200 per month.

Some back offer introductory rates for the first 3-4 months upon account opening.

peterpan07 · May 2014

@peterpan07

bakit walang charge?

sabi ni citibank sg, nde daw cla nagchacharge pag thru atm machine. pero pag over the counter ka, meron daw cla charge. meron kc cla max limit na pde mo iwidraw thru atm. note na ung account namen eh foreign currency account -aud. nung nagpunta kme dito sa citibank bldg sa perth, walang charge nung nagwidraw kame sa atm nila. pero pag sa iba ka nagwidraw, even citibank atm pero outside ng bldg nila, we noticed na nagchacharge xa. so lagi lng kme dun sa atm machine sa citibnk bldg nagwiwidraw.

ban868 · May 2014

Hi guys! I am working for Westpac in Edgecliff, near Bondi Junction. I can assist you with account opening and all other bank related concerns, especially for those migrants who would wanna set up a bank account prior to moving here permanently, for the convenience of transferring money from bank to bank. Should any of you need my assistance, just shoot me an email at [email protected]. Cheers!=)

piglet24 · August 2014

@kookie420: aha! nadakpan na jud tika diri. I was trolling...ay researching diay for banks. still confused which one to choose though.

atchino · August 2014

Tips:

- open transaction at savings account with the big 4 banks or any bank that has branch or banks where you can transfer money from overseas to Australian bank.
Look for banks that has no monthly fee. Some banks requires you to deposit from 1k to 2k per month to waive the fees.

Big 4 banks provide lower interest rate or they only provide honeymoon rate like good for 3-4months bonus interest rate.

Yoiu can stay with them until the bonus rate expire then move your money to an online savings account which provide higher interest.

Exampke is Ubank. They provide up to 4.17% interest rate.
- makakuhaka ba sa pinas ng above 4% interest rate sa bank

note: I am not connected with Ubank or bnkwest any banks or finance institution I mention.

What I did:
- I have bank account with one of the big 4 banks. Open transaction and savings account.
I use the transaction account for everyday expenses as it has a link debit card.
- Open a online savings account with higher interest rate.
savings account cannot be use for everyday transaction.
- Advise your emplyer to split the deposit of your salary. deposit the monthly alloted budget on the transaction account and deposit the remaining salary to the online savings account with higher interest rate.

This way, you separate your bucket for expenses and for savings.

Actually, you cna create multiple account in Ubank if you want to be more specific about the savings like before I created an account for house deposit / emergency fund.

- Open children savings account to get higher rate than online savings account.
Sample info of children savings account:
http://yzzymae.blogspot.com.au/2014/08/highest-kids-savings-interest-bankwest.html

Chris91 · June 2023

Hi newbie here, expat from singapore.
Pa-advice po if anyone opened credit card in Singapore and used in it Australia.
I am still waiting for my grant but want to prepare these things in advance.
Thanks appreciate any response.

dantz15 · June 2023

@Chris91 said:
Hi newbie here, expat from singapore.
Pa-advice po if anyone opened credit card in Singapore and used in it Australia.
I am still waiting for my grant but want to prepare these things in advance.
Thanks appreciate any response.

Hmm...anung exact question mo? May CC ako sa SG dati then first few months yun ang gamit ko pero its not advisable kasi lugi ka sa exchange rate and international fee

Chris91 · June 2023

Thanks po sa reply, were still thinking kng kukuha na now or sa Aussie na.
Anyway im still researching which bank we can use.
thanks again.

annedetermined · August 2023

@Chris91 said:
Thanks po sa reply, were still thinking kng kukuha na now or sa Aussie na.
Anyway im still researching which bank we can use.
thanks again.

Hi. Just wanna share what I did. BM last May 2023. I opened Commonwealth Bank while in the Phils, online lang siya, then activated it pagdating ko here sa Australia. The card is available na when you arrive in the branch of your choice. Basta magdala lang ng passport and visa grant. Itatanong rin yung TIN mo sa pinas.

That's designed for migrants. Hope it helps.

hanah · August 2023

@annedetermined said:

@Chris91 said:
Thanks po sa reply, were still thinking kng kukuha na now or sa Aussie na.
Anyway im still researching which bank we can use.
thanks again.

Hi. Just wanna share what I did. BM last May 2023. I opened Commonwealth Bank while in the Phils, online lang siya, then activated it pagdating ko here sa Australia. The card is available na when you arrive in the branch of your choice. Basta magdala lang ng passport and visa grant. Itatanong rin yung TIN mo sa pinas.

That's designed for migrants. Hope it helps.

Sobrang helpful po nito. Thank you