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caroline Selwood

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Posts posted by caroline Selwood

  1. I will speak to my son and try to find out more information. As you say it’s ridiculous to be charged for investing your money.

    Thanks for your comments, I will update when I have more information.

  2. 16 minutes ago, Parley said:

    No they don't, nor does any other bank. No one is going to pay $150 fee for the priveledge of getting something like 0.25% interest on a term deposit.

    The only time they will charge a prepayment fee is if you break the term deposit.

    Eg Set up a term deposit for a year and then close it early. It would be nowhere near $150 though.

     

  3. I had no idea the Commonwealth bank charged to set up an account.  My son was told to arrange for them to provide a bank guarantee.  Are you saying he could have paid the money direct to Centrelink?

     I am still chasing my money, nearly a week now.  Wise customer support is terrible, i won't be using them again.

  4. I transferred money with Wise last Thursday to my son’s bank in Australia for my AOS and today Tuesday it has still not arrived. He has had to fund this himself or we would not meet the timeline.

    Also my son has been charged $150 to open an account with Centrelink. Surely this cannot be right?

    I have found Wise to be very unhelpful and would not use them again.

     

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