
4 migrants give their must-do tips for moving to Australia
SPONSORED: Get the inside scoop on what you need to know when you migrate to the land down under.
Read more…If you've been putting off switching bank accounts because you're worried it'll be a difficult task, don't be. It's easier to switch than you may think, and your bank actually does most of the work for you.
Here are the three basic steps involved with switching bank accounts:
Before you can switch your account, you first need to find a new account to switch to. Here's what to consider when choosing a new account.
The Australian government banking reforms that became active from 1 July 2012 made it very easy to change banks. All you have to do is choose the financial institution you want, whether it be a bank, credit union or building society, fill out one form and the institution will do all the work for you.
The bank will contact all the institutions you have automatic debit and credit arrangements with giving them your new transaction account details.
Once you have shopped around and found the bank you want to work with, ask them to help with the switch. When contacting your new bank for help, the bank will need a 13-month transcript of direct debits and credits from your previous bank.
The 13-month list will be given to you by your new bank so you can choose what debits and credits you would like to transfer over to your new bank account. If you have trouble, just ask your new bank to help you.
The following items will not be included on the 13-month list:
Once you've opened your new account, don't forget to close the old one. Although the old account may have no money in it, the bank could still charge you account keeping fees. Close your old account once you have:
Closing your old account is a relatively hassle-free process. Normally you will have to visit a branch to close the account.
SPONSORED: Get the inside scoop on what you need to know when you migrate to the land down under.
Read more…SPONSORED: If you've migrated to Australia and you're looking for a home loan, make sure you read this first.
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Read more…This is a business bank account with no monthly account keeping fees and a free ANZ Business Visa Debit card.
Whether you’re travelling overseas or just want easy access to your funds, here’s how to find the best debit card to suit your needs.
With convenient access to your funds and a host of flexible features, Bendigo Bank’s Everyday Account can help you manage your day-to-day finances with ease.
The Access account offers bcu customers accessibility, flexibility and convenience when conducting everyday banking transactions.
Online-only banks do not operate any physical branches resulting in reduced expenses and more affordable banking solutions for their customers.
For foreigners opening a bank account in Australia, the process is easy and user-friendly, and often comes with attractive deals and discounts on transaction fees.
Any funds in your Bank Australia Mortgage Offset are subtracted from your home loan principle and reduces your interest repayments while giving you on-call access to your funds.
Now is the best time to start looking at the new bank account offers and promotions available. There is fierce competition between banks for your business so you should take advantage of this opportunity and get yourself a deal.
International transaction fees can add up to a lot of wasted money. These debit cards are great for travelling and online shopping and will save you money by waiving this annoying fee.