Jump to content

You're currently viewing the forum as a Guest
register-now-button_orig.png
and join in with discussions   
ask migration questions
message other members

..and much much more!

Recommended Posts

Hey,

 

Me and my boyfriend are coming over in november'13 for a year or two, just wondering what bank is the best one to go with? If any one could leave any comments it would be great, just need to sort the little things out now.

 

Also if any one knows about any good insurance companies, thats not to expensive?

 

 

Thanks

:smile:

Share this post


Link to post
Share on other sites

There isn't a single best bank in Australia any more than there is in UK. Just go with any to be honest, I have NAB but I am not particularly recommending it or not.

Share this post


Link to post
Share on other sites

how about transferring money over from a UK account? Im sure i found one whilst looking a few months ago that allowed a traveler to open an account before entering the country and transferring money in...

 

would this be a good idea? or should we wait until we can walk into a branch? im just thinking if we're stopped at border control and asked to show finances etc..?

Share this post


Link to post
Share on other sites

Nab can open before you go once in Australia you go to the branch in city that you stated to pick up bank cards and pin. Just would need to have proof transferred funds over to aus account - chances of being asked are slim anyway.

Share this post


Link to post
Share on other sites
how about transferring money over from a UK account? Im sure i found one whilst looking a few months ago that allowed a traveler to open an account before entering the country and transferring money in...

 

would this be a good idea? or should we wait until we can walk into a branch? im just thinking if we're stopped at border control and asked to show finances etc..?

 

I thought it was fairly common to allow a traveller to open an account and transfer money and that this was possible with all of the main 4 at least.

Share this post


Link to post
Share on other sites

Can't help on the bank issue as i'm looking into that myself but I got my insurance at holiday safe and it was the best price around that I could find

Share this post


Link to post
Share on other sites

Anabel,

 

I went with NAB, set the account up while in the UK, picked the card and pin up at a prearranged bank when I got to Australia. I have had no problems with them at all and everything was very easy to arrange. I ended up with a mortgage and credit card from them.

 

Good luck on your move.

Share this post


Link to post
Share on other sites

Nab have no monthly fees. The others have monthly fees of about $4-$6 if you deposit less than $2000 a month

Edited by weetoz

Share this post


Link to post
Share on other sites

I've just applied with NAB took 10 mins and was pretty straight forward ! Great you can go collect your card from the bank ! Will save a fortune !

Share this post


Link to post
Share on other sites

Me and my friend signed up for a NAB account through the link at the top of this page and was straight forward process and have even downloaded the NAB app on our phones so it's easier to keep a eye on out money for when we are over in aus. We also set up a moneycorp account again from the link above which allows free transfers from your uk bank account into your aus bank and only take two days to appear in your account :) Both accounts set up are free :)

Share this post


Link to post
Share on other sites
Nab have no monthly fees but charge you $9 to deposit a cheque.

What's a cheque :confused: Lol . Seriously I have not seen a cheque since living in Australia apart from when buying a house or car and they want a bankers cheque.


If you are depressed you are living in the past. If you are anxious you are living in the future. If you are at peace you are living in the present.

Share this post


Link to post
Share on other sites

"Cheque, Savings or Credit"....what does this mean? :chatterbox:


Vetasses (Property Man) 26/05/12 IELTS 29/06/12 Vetassess Reassess (Land Econo) 15/04/13 EOI 22/04/13 Invite 06/05/13 App Submitted 09/05/13 CO 12/06/13 Meds 14/06/13 PCC 04/07/13 GRANT 11/07/13 FLYING 01/01/14

Share this post


Link to post
Share on other sites
"Cheque, Savings or Credit"....what does this mean? :chatterbox:

Lol it confuses me and I've been here years. On our bendigo account we can use cheque or credit, both come out of our current account, credit the company pays the fees, cheque you pay.

For our other bank account we use savings. I have given over trying to understand it all lol


If you are depressed you are living in the past. If you are anxious you are living in the future. If you are at peace you are living in the present.

Share this post


Link to post
Share on other sites

We bank with HSBC in the UK and have opened our accounts in Australia with them here. The benefit of this is that you get your cards sent the UK and they are able to vouch for your credit record. They would be the only bank in the UK to offer that service, so it is a decent proposition. All you do is apply on the phone and go to a branch with your ID. It was very easy.

Share this post


Link to post
Share on other sites

So you can apply for a hsbc acc with your travelling, have a hsbc account already, so that might be helpful

Share this post


Link to post
Share on other sites
We bank with HSBC in the UK and have opened our accounts in Australia with them here. The benefit of this is that you get your cards sent the UK and they are able to vouch for your credit record. They would be the only bank in the UK to offer that service, so it is a decent proposition. All you do is apply on the phone and go to a branch with your ID. It was very easy.

 

The only issue with HSBC is they're a tiny bank in Australia, very few branches and far between them. Not sure if the have an ATM agreement with one of the other banks, if not you'll pay a fee each time you use one.

 

Vouching for your credit record is rarely an issue, everyone starts with a clean slate in Australia. So apply for loans, credit cards etc is easy once you have a few payslips.

Edited by Peach

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

×