Guest afs Posted September 6, 2005 Share Posted September 6, 2005 Hi, I am going to Australia initially for 12 months on a Working Holiday Maker next month. I have a UK Current account with HSBC and a couple of savings accounts. I would like to know if it is feasible for me not to have to open an Australian current account, ie can wages be paid into my UK current account. The reason I am asking is I have a DDs going out of my current account and I can manage paying off my credit card and transferring into savings using my UK current account, but if I open an Aus account there is a charge of $20 every time I transfer money to and from this account into a UK account. Any advice? Link to comment Share on other sites More sharing options...
Guest Boomer Posted September 6, 2005 Share Posted September 6, 2005 Cancel or suspend your DD's and pay your credit card off before you go. I doubt you will get an employer that will pay your pay into a UK account and if they do you will get stung on the exchange rate Boomer Link to comment Share on other sites More sharing options...
Guest mark78 Posted September 7, 2005 Share Posted September 7, 2005 Yeah, as Boomer said, Aus employers won't pay into UK Bank Accounts, just as UK employers won't pay into Aus Accounts. Employer's Payroll systems aren't set-up to make international deposits (amongst other reasons). HSBC is the same company around the world, but Banking Regulations/Laws differ from country-to-country, therefore a new account would need to be opened. Unfortunately, If you can't settle your UK Credit Cards before you leave, more than likely you'll just have to be hit by the transfer fees. Obviously, leaving a chunk of cash behind in your Current Account to cover these DD's for the year, while you're away, would be the cheapest solution. Link to comment Share on other sites More sharing options...
Guest afs Posted September 7, 2005 Share Posted September 7, 2005 Thanks Guys that was very helpful. Link to comment Share on other sites More sharing options...
Guest cooperjames Posted September 13, 2005 Share Posted September 13, 2005 You can get a bank account in oz before leaving with Visa First. They open ANZ bank accounts in 4-5 days (http://www.visafirst.com) Link to comment Share on other sites More sharing options...
Guest afs Posted September 15, 2005 Share Posted September 15, 2005 Great - I'll look into it, thanks Link to comment Share on other sites More sharing options...
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