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Wow.............; Can't believe it
Topic Started: Apr 18 2007, 06:49 PM (391 Views)
airconkid	Apr 18 2007, 06:49 PM Post #1
MODERATOR- Great White Posts: 637 Group: Members Member #25 Joined: November 14, 2006	Just got our FIRST Australian bank statement, with HSBC, yesterday. HA HA. Still showing ZERO funds, but not for too long. Airconkid
	Grab the cane toad by the legs and go for it, life is too short to wander "What if...." or "If only...." Now LOVING *"A New Life Down Under"*


cathnpaul	Apr 19 2007, 05:48 AM Post #2
Moderator - Croc. the yellow ribbon is for Maddy.x Posts: 464 Group: Members Member #21 Joined: October 29, 2006	airconkid Apr 19 2007, 04:49 AM Just got our FIRST Australian bank statement, with HSBC, yesterday. HA HA. Still showing ZERO funds, but not for too long. Airconkid haha... i still need to open an oz account. i have done the hifx part, but not an oz account. i need to get it done really. can only imagine how it felt looking at your statement.
	LATE JUNE 2007, IS THE START OF <span style='font-family:Arial'>A NEW LIFE DOWN UNDER</span>


airconkid	Apr 19 2007, 03:58 PM Post #3
MODERATOR- Great White Posts: 637 Group: Members Member #25 Joined: November 14, 2006	cathnpaul Apr 19 2007, 03:48 PM airconkid Apr 19 2007, 04:49 AM Just got our FIRST Australian bank statement, with HSBC, yesterday. HA HA. Still showing ZERO funds, but not for too long. Airconkid haha... i still need to open an oz account. i have done the hifx part, but not an oz account. i need to get it done really. can only imagine how it felt looking at your statement. The next one should have a few bucks in it, if all goes well............
	Grab the cane toad by the legs and go for it, life is too short to wander "What if...." or "If only...." Now LOVING *"A New Life Down Under"*


cathnpaul	Apr 22 2007, 07:42 AM Post #4
Moderator - Croc. the yellow ribbon is for Maddy.x Posts: 464 Group: Members Member #21 Joined: October 29, 2006	airconkid Apr 20 2007, 01:58 AM cathnpaul Apr 19 2007, 03:48 PM airconkid Apr 19 2007, 04:49 AM Just got our FIRST Australian bank statement, with HSBC, yesterday. HA HA. Still showing ZERO funds, but not for too long. Airconkid haha... i still need to open an oz account. i have done the hifx part, but not an oz account. i need to get it done really. can only imagine how it felt looking at your statement. The next one should have a few bucks in it, if all goes well............ Its now on my urgent list as its playing on my mind!!
	LATE JUNE 2007, IS THE START OF <span style='font-family:Arial'>A NEW LIFE DOWN UNDER</span>


airconkid	Apr 24 2007, 05:19 PM Post #5
MODERATOR- Great White Posts: 637 Group: Members Member #25 Joined: November 14, 2006	I'd get it sorted quick smart mate...............
	Grab the cane toad by the legs and go for it, life is too short to wander "What if...." or "If only...." Now LOVING *"A New Life Down Under"*


cathnpaul	Apr 26 2007, 10:16 AM Post #6
Moderator - Croc. the yellow ribbon is for Maddy.x Posts: 464 Group: Members Member #21 Joined: October 29, 2006	airconkid Apr 25 2007, 03:19 AM I'd get it sorted quick smart mate............... Got the ball rolling - cheers mate.
	LATE JUNE 2007, IS THE START OF <span style='font-family:Arial'>A NEW LIFE DOWN UNDER</span>


airconkid	Apr 30 2007, 08:29 PM Post #7
MODERATOR- Great White Posts: 637 Group: Members Member #25 Joined: November 14, 2006	cathnpaul Apr 26 2007, 11:16 AM airconkid Apr 25 2007, 03:19 AM I'd get it sorted quick smart mate............... Got the ball rolling - cheers mate. Sooner than l8tr Cath. x
	Grab the cane toad by the legs and go for it, life is too short to wander "What if...." or "If only...." Now LOVING *"A New Life Down Under"*


cathnpaul	May 3 2007, 05:20 AM Post #8
Moderator - Croc. the yellow ribbon is for Maddy.x Posts: 464 Group: Members Member #21 Joined: October 29, 2006	airconkid Apr 30 2007, 08:29 PM cathnpaul Apr 26 2007, 11:16 AM airconkid Apr 25 2007, 03:19 AM I'd get it sorted quick smart mate............... Got the ball rolling - cheers mate. Sooner than l8tr Cath. x Just sent off the paperwork for HIFX australia end and westpac account will be opened by the end of the week!! then thats another tick!!
	LATE JUNE 2007, IS THE START OF <span style='font-family:Arial'>A NEW LIFE DOWN UNDER</span>


airconkid	May 3 2007, 06:49 PM Post #9
MODERATOR- Great White Posts: 637 Group: Members Member #25 Joined: November 14, 2006	You will be dancin' off the roof when you get your account details and cards. Me and Kath have JUST come down..........................!!!! Aircon
	Grab the cane toad by the legs and go for it, life is too short to wander "What if...." or "If only...." Now LOVING *"A New Life Down Under"*


Paul	May 4 2007, 09:03 AM Post #10
Croc Posts: 270 Group: Members Member #110 Joined: March 27, 2007	To give you all some feed back about what it's like not to go the Westpac route - we transferred through HiFX but didn't arrange a bank account until we got here - Aussie bank charges can be horrific and you really need to do your shopping very carefully. Bear in mind that how we went about it all was more than a couple of years ago and the only offer of an Aussie account at that time was from the Commonwealth Bank of Australia. In the first week here we shopped around, picking up brochures and reading them carefully to get the best deal. IT IS VERY CONFUSING - I won't deny. In the end we went with NAB (National Australia Bank) and made the transaction from overseas. We needed to apply for a tax file number otherwise we would be on what's called an emergency tax code - something like 60% or more, I can't remember exactly. You won't have a tax file number as a migrant who has already opened an account until you get here, I would imagine. Getting one is straight forward as it can be done on line - we used a library internet service - took 5 mins. Supplied the details on opening the account and the tax rate looked much more favourable. Now, such is the competition between banks that charges do fluctuate and we are no longer with NAB. However, the ability to open an account in advance is, I would say, a definite advantage. After all, they'll be expecting you, and that's very comforting. Paul.



airconkid	May 4 2007, 04:03 PM Post #11
MODERATOR- Great White Posts: 637 Group: Members Member #25 Joined: November 14, 2006	Paul May 4 2007, 10:03 AM To give you all some feed back about what it's like not to go the Westpac route - we transferred through HiFX but didn't arrange a bank account until we got here - Aussie bank charges can be horrific and you really need to do your shopping very carefully. Bear in mind that how we went about it all was more than a couple of years ago and the only offer of an Aussie account at that time was from the Commonwealth Bank of Australia. In the first week here we shopped around, picking up brochures and reading them carefully to get the best deal. IT IS VERY CONFUSING - I won't deny. In the end we went with NAB (National Australia Bank) and made the transaction from overseas. We needed to apply for a tax file number otherwise we would be on what's called an emergency tax code - something like 60% or more, I can't remember exactly. You won't have a tax file number as a migrant who has already opened an account until you get here, I would imagine. Getting one is straight forward as it can be done on line - we used a library internet service - took 5 mins. Supplied the details on opening the account and the tax rate looked much more favourable. Now, such is the competition between banks that charges do fluctuate and we are no longer with NAB. However, the ability to open an account in advance is, I would say, a definite advantage. After all, they'll be expecting you, and that's very comforting. Paul. My bank are just waiting for me to put a LARGE deposit in it!!!!!!!!!!!!!!!!!! <_<
	Grab the cane toad by the legs and go for it, life is too short to wander "What if...." or "If only...." Now LOVING *"A New Life Down Under"*


cathnpaul	May 12 2007, 06:38 AM Post #12
Moderator - Croc. the yellow ribbon is for Maddy.x Posts: 464 Group: Members Member #21 Joined: October 29, 2006	so is ours, but we are waiting for the exchange rate to adjust quite a bit as we worked it out we would lose about 20k if we didnt time it right!!! now thats bad.
	LATE JUNE 2007, IS THE START OF <span style='font-family:Arial'>A NEW LIFE DOWN UNDER</span>


airconkid	May 12 2007, 09:37 AM Post #13
MODERATOR- Great White Posts: 637 Group: Members Member #25 Joined: November 14, 2006	cathnpaul May 12 2007, 07:38 AM so is ours, but we are waiting for the exchange rate to adjust quite a bit as we worked it out we would lose about 20k if we didnt time it right!!! now thats bad. It is not looking too rosey at the moment, is it Cath? We stand to lose the cost of a small car, if we were to exchange at todays rates. Hope it picks up in the next 3-4 weeks................ <_< Aircon
	Grab the cane toad by the legs and go for it, life is too short to wander "What if...." or "If only...." Now LOVING *"A New Life Down Under"*


cathnpaul	May 20 2007, 03:34 PM Post #14
Moderator - Croc. the yellow ribbon is for Maddy.x Posts: 464 Group: Members Member #21 Joined: October 29, 2006	airconkid May 12 2007, 09:37 AM cathnpaul May 12 2007, 07:38 AM so is ours, but we are waiting for the exchange rate to adjust quite a bit as we worked it out we would lose about 20k if we didnt time it right!!! now thats bad. It is not looking too rosey at the moment, is it Cath? We stand to lose the cost of a small car, if we were to exchange at todays rates. Hope it picks up in the next 3-4 weeks................ <_< Aircon Tourist rate in todays paper is 2.29!!!! how bads that!!! I agree aircon, looks like we will be holding our money back for a bit until it increases, but then again - offsetting what we would need to spend on a rental rather than buying a house is it going to be worth it??? need to sit and do some sums I think.
	LATE JUNE 2007, IS THE START OF <span style='font-family:Arial'>A NEW LIFE DOWN UNDER</span>


Paul	May 21 2007, 12:30 AM Post #15
Croc Posts: 270 Group: Members Member #110 Joined: March 27, 2007	OMG! It's certainly time to do the sums.



CHELSEAJAMIE	May 21 2007, 04:17 PM Post #16
Redback Posts: 31 Group: Members Member #27 Joined: November 19, 2006	airconkid May 12 2007, 07:37 PM cathnpaul May 12 2007, 07:38 AM so is ours, but we are waiting for the exchange rate to adjust quite a bit as we worked it out we would lose about 20k if we didnt time it right!!! now thats bad. It is not looking too rosey at the moment, is it Cath? We stand to lose the cost of a small car, if we were to exchange at todays rates. Hope it picks up in the next 3-4 weeks................ <_< Aircon Same here! That's why were going to put our house money in a National Savings ISSA at 6.05% interest until it improves!



cathnpaul	May 22 2007, 07:35 AM Post #17
Moderator - Croc. the yellow ribbon is for Maddy.x Posts: 464 Group: Members Member #21 Joined: October 29, 2006	Does that ISSA have instant access attached to it??? had a look at it last night after reading your email notification but didnt get anywhere with it. I could do with getting a wiggle on opening one of those too by the looks of things.
	LATE JUNE 2007, IS THE START OF <span style='font-family:Arial'>A NEW LIFE DOWN UNDER</span>


airconkid	May 22 2007, 07:59 AM Post #18
MODERATOR- Great White Posts: 637 Group: Members Member #25 Joined: November 14, 2006	cathnpaul May 22 2007, 08:35 AM Does that ISSA have instant access attached to it??? had a look at it last night after reading your email notification but didnt get anywhere with it. I could do with getting a wiggle on opening one of those too by the looks of things. HiFX and TORfx are both offering AU2.40357 as of now (22/5/07 09:00)
	Grab the cane toad by the legs and go for it, life is too short to wander "What if...." or "If only...." Now LOVING *"A New Life Down Under"*


cathnpaul	May 22 2007, 08:00 AM Post #19
Moderator - Croc. the yellow ribbon is for Maddy.x Posts: 464 Group: Members Member #21 Joined: October 29, 2006	airconkid May 22 2007, 07:59 AM cathnpaul May 22 2007, 08:35 AM Does that ISSA have instant access attached to it??? had a look at it last night after reading your email notification but didnt get anywhere with it. I could do with getting a wiggle on opening one of those too by the looks of things. HiFX and TORfx are both offering AU2.40357 as of now (22/5/07 09:00) could do with them sort of daily updates aircon. cheers.
	LATE JUNE 2007, IS THE START OF <span style='font-family:Arial'>A NEW LIFE DOWN UNDER</span>


airconkid	May 22 2007, 10:48 AM Post #20
MODERATOR- Great White Posts: 637 Group: Members Member #25 Joined: November 14, 2006	Just spoke to HSBC about exchange rates. The girl said that if you go into your branch to discuss rates, you will get a better rate!!! So rather than put the equity into HSBC UK, take it out and give it to HiFX, for them to transfer it to HSBC AU, I will now go to my branch with documented proof of the rate HiFX will give me on that date, say to HSBC UK, better it or match it, or I'll use HiFX. If you don't ask, you don't get!!!!!! Aircon
	Grab the cane toad by the legs and go for it, life is too short to wander "What if...." or "If only...." Now LOVING *"A New Life Down Under"*


cathnpaul	May 22 2007, 08:10 PM Post #21
Moderator - Croc. the yellow ribbon is for Maddy.x Posts: 464 Group: Members Member #21 Joined: October 29, 2006	airconkid May 22 2007, 10:48 AM Just spoke to HSBC about exchange rates. The girl said that if you go into your branch to discuss rates, you will get a better rate!!! So rather than put the equity into HSBC UK, take it out and give it to HiFX, for them to transfer it to HSBC AU, I will now go to my branch with documented proof of the rate HiFX will give me on that date, say to HSBC UK, better it or match it, or I'll use HiFX. If you don't ask, you don't get!!!!!! Aircon I will watch this space aircon to see how you go on. x
	LATE JUNE 2007, IS THE START OF <span style='font-family:Arial'>A NEW LIFE DOWN UNDER</span>


airconkid	May 23 2007, 08:43 AM Post #22
MODERATOR- Great White Posts: 637 Group: Members Member #25 Joined: November 14, 2006	I'll keep you ALL informed. Might as well start 'bartering' over here, and get into the swing of it, 'cause I'll be doing a lot of it in Oz. Aircon
	Grab the cane toad by the legs and go for it, life is too short to wander "What if...." or "If only...." Now LOVING *"A New Life Down Under"*


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