Sign in to follow this  
Tim

Which Australian Bank Account?

    Recommended Posts

    Hi peeps,

     

    after doing some research I found these two migration bank accounts that you can set up before making the move. I like the look of the Westpac as there charges seem to be lower :D .

     

    http://www.migrantbanking.co.uk/

     

    OR

     

    http://www.westpac.com.au/migrantbanking/

     

    Does anyone have any experience with them and which ones would you recommend?

     

    three weeks and counting.... :lol: :lol:


     

    TackleBox - Fishing Australia stuff.

    Share this post


    Link to post
    Share on other sites
    Moneycorp

    Moneycorp

    I've held accounts with both before. Not alot of difference between the two. Fee structure ( a rip-off) would be roughly the same & service (ordinary) would be similar, as they're both part of a small group (5 or 6) of major banks. Commbank has the better Internet Banking, as they (like most major banks in AUS these days) don't like dealing face-to-face with customers. Hence why they want you to do it online now before arriving :?

     

    If you really need to open an account before arriving, I would suggest Commonwealth to start with purely for the best net banking. Once you arrive, you can easily look around for somewhere with less fees/better service. The whole process of opening an account is quite easy (just produce proof of ID - No employment or credit checks reqd) so it pays to shop around and try a few different places out. (Usually only businesses are given overdraft options and a cheque book).

     

    Personally, these days, I use http://www.stgeorge.com.au It's a Med size bank, with branches nation-wide. They have a debit account which runs through the Visa network. Comes in handy if you want to use the Visa network, without having credit/interest attached to it. Net banking is reliable and their service to me (being overseas) has been great lately with some enquiries I've had.

     

    3 weeks to go hey, should be there just in time for Spring. Mmmm nice 25 degree days - Perfect.

    Share this post


    Link to post
    Share on other sites

    Cheers Mark,

     

    I've finally gone with the westpac one and was surprised how easy it was. Fill out the form, fax it with a recent uk bank statement and passport details.

    Next day got an email with the account information and details on how to transfer UK pounds over.

     

    Probably going to use HiFx to change the currencies as they are very helpful with the process. The exchange rate is much better than my bank anyway!

     

    All we need to do is put some cash in the account, Visit the branch when we arrive and hey presto we have a Credit Card, Visa Card etc. If we don't like them we'll move then.

     

    Only three weeks to go!

     

     

    :D:D:D


     

    TackleBox - Fishing Australia stuff.

    Share this post


    Link to post
    Share on other sites

    Create an account or sign in to comment

    You need to be a member in order to leave a comment

    Create an account

    Sign up for a new account in our community. It's easy!

    Register a new account

    Sign in

    Already have an account? Sign in here.

    Sign In Now

    Sign in to follow this  

    • Similar Content

      • By ausj
        Hello!
        Long time reader, first time poster. I have been researching visas for awhile and now it's getting closer to the time I need to make plans.  
        Our situation:
        I am an Australian citizen who has been in the UK on a working holiday visa which is set to expire in Feb 2018. It’s looking like it would be difficult for me to get a work visa in the UK for a few reasons. The main issues being that the company I work for is small, isn’t on the registered list of sponsors and the fact that the business needs to prove they’ve advertised the job for 2 months and can’t fill it locally. 
        This doesn’t bother me too much because I feel ready to move back to Australia. However, I can’t just think about myself as my boyfriend (UK citizen) is here. We are both in our 20s. We have only been together for a year but things are going well and we are planning a future together. He is open to the idea of moving to Aus (we’re going there later this year and I’m sure he’ll fall in love with it haha). FYI - We do not live together.
        It’s tricky timing as he’s just got a promotion at his job. He works for a large international company which may come in handy for us if they are willing to sponsor him. His qualifications/experience is in marketing, account management, sales and E-retail management.
        We have been looking at what Aus visa options there are for him and I’m wondering what would be best.
        Work visa – Does his experience qualify for a work visa after the changes to the skills list? Does a company need to sponsor him? Work sponsorship – Perhaps the Australian office of his company could sponsor his visa? Working Holiday visa – As he is under 30 it seems easiest to just get a working holiday visa to start with. However, it’s a real shame you can only work at a company for a maximum of 6 months. If he entered on a working holiday visa, started working at a company and they wanted to sponsor him after 5 months can he switch to another visa type? Partner – This doesn’t seem possible as we don’t live together yet I understand work visas don’t count towards eventual permanent residency, is that correct?
        There’s so much to think about with both our jobs, visas and moving that I have been getting a bit stressed by it but I’m trying to get the process started sooner rather than later. I appreciate any insight people have.