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Oz Bank Account Info ...

Travel Forums Australia / New Zealand & The Pacific Oz Bank Account Info ...

1. Posted by makka (Respected Member 248 posts) 10y Star this if you like it!

I heard that there IS a bank in Australia which upon you opening it they can arrange a card for that account on the same day ... is this true??

if thats not the case, which account would you guys recommend for literally just having money put into the account from my employer (in asutralia), i am going to transfer a small amount of cash from my English Account and will be needing to make withdrawls throughout my stay .... ive heard some banks charge and others dont ....

nice one!

2. Posted by aharrold45 (Travel Guru 1281 posts) 10y Star this if you like it!

You will struggle to find any banks in Australia that don't charge. Even the ones that lay claim to that sort of thing have hidden charges like per withdrawal or if you withdraw from an ATM other than with the bank your card is with. The best option if you plan on travelling a bit throughout Australia is either a Commonwealth Bank, Westpac, ANZ or National Australia Bank (NAB). Those are the big 4 where nearly every person who has a bank account in Australia has at least one account. Commonwealth Bank would have the most ATM's around Australia in some of the smaller towns, so if you don't plan to be in the big cities all the time then that would probably be your best bet. You will get a monthly fee though most are around $5 a month with various conditions, but that is the way of life in Australia with the Australian banks being the biggest rip off merchants in the world especially if you need to withdraw money if you travel overseas.

The only accounts I know of which do not have fees are savings accounts (the ones where you have to make at least one deposit and no withdrawals a month). I had heard a while back of one with some small credit union which has hardly any branches or ATM's, but apart from this you'll most likely be slugged a monthly fee.

I haven't heard of the bank you are referring to with the card issued the same day.

[ Edit: Edited on May 1, 2008, at 2:55 AM by aharrold45 ]

3. Posted by makka (Respected Member 248 posts) 10y Star this if you like it!

totally bro - ive since learnt alot about Ozzy bank accounts, its allmost unheard of back home to be charged a monthly fee to open an account with a bank, they should be privileged that the customer chose them haha!

ended up opening one with Common Wealth ... wether its a good choice remains to be seen, but im hoping so - thanks for your advice tho! :)