Recomend a bank? - Page 2

Ozfords · 29-06-2006, 05:15 PM

Being a student St George is kick ****, if you play your cards right zilcho fees. Visa debit card wipes out EFTPOS charges. Online banking is easy as.

Service has always been good and I got a credit card with a better rate than the Police Credit Union. So far the only thing going for the Police Credit Union is salary sacrifice packages and I'd get my pay 2 days earlier.

But hey once my student card expires I'll be looking at what the others have to offer.

OldManGhia · 29-06-2006, 05:39 PM

I wouldn't recommend St George, they like to charge $30 when ever they think your account will go into arrears - not when it does. In one case the $30 fee is what put the account into arrears not our tranactions. Would recommend CUA or NAB no problems at all.

MoreHPformyXR6 · 29-06-2006, 05:49 PM

If your after a good interest rate & are happy to do online banking without any branch facilitys & face to face service look at ING direct. I have a mortgage with ING Bank & find them good for that im with ANZ for my everday banking & suppose mainly because my parents bank with them so when i was at school i set up an account with them & have satyed. On my everday banking account you can have as many eftpos & phone banking & online banking & ANZ atm tranactions for $5 bucks a month. If you belive there latest advertising they will be putting another 500 atm's into clatex woolworths & big W sites.

jim1606 · 29-06-2006, 06:26 PM

HSBC? and you have woolworths over there!

pertuan · 29-06-2006, 06:36 PM

I was with CBA since I was 8. They ****ed me off when I asked them what the best way to move excess money from my MasterCard to my savings was. They told me to just move it as per normal and there will be no fee. I moved it as per normal and they slugged me $1.25. Basically, they lied to me and are denying it. I know $1.25 isnt much but its the principle. So now I'm moving over to HSBC.

I have an online savings account with HSBC. I get 5 free ATM transactions. 4.75% interest calculated every day. Counter/Customer service is top notch. Havent had any problems with them.

jim1606 · 29-06-2006, 07:23 PM

Yreah i am with HSBC, they do the best online banking which is better for me.

SVR73 · 29-06-2006, 07:53 PM

Currently with bendigo bank, after commonwealth left virginia, the whole townsfolk set up our own community bank a few years ago and I've never been happier

Redrum · 29-06-2006, 09:06 PM

Police Credit Co-Op,

No account fees, fee free debit visa card regardless of where used, inc atms etc, interest paid, free cheques...........

All you need is member to nominate you...........

LTDHO · 29-06-2006, 09:17 PM

Quote:

Originally Posted by Redrum

Police Credit Co-Op,

No account fees, fee free debit visa card regardless of where used, inc atms etc, interest paid, free cheques...........

All you need is member to nominate you...........

Yeah I know, my ex has an account, I was frequently @ the Waverly branch.

**ebxr8240** · 29-06-2006, 11:15 PM

ANZ and just started with ING ...
St George wouldn't give us our deeds back when we
paid our place off...Even after we paid for them to be released...
Apparently they like to keep them as they use them as bank equity...

jim1606 · 30-06-2006, 02:54 AM

Quote:

Originally Posted by Redrum

Police Credit Co-Op,

No account fees, fee free debit visa card regardless of where used, inc atms etc, interest paid, free cheques...........

All you need is member to nominate you...........

when you say co-op is that the cooperative grp, the ones who have all o those mini marts all over?

ClevlndStemer · 30-06-2006, 03:14 AM

i'm with Bendigo and ING, Bendigo have been really good in the 6 years I have been with them. ING pays the interest thats all I care

jim1606 · 30-06-2006, 03:40 AM

Quote:

Originally Posted by ClevlndStemer

i'm with Bendigo and ING, Bendigo have been really good in the 6 years I have been with them. ING pays the interest thats all I care

by ING do you mean ING direct???

qwigybo · 30-06-2006, 06:40 AM

westpac, dads a manager there and reckons they are pretty good in comparison, just depends on what you want and how old you are. overall they have treated me pretty well, but declining me for a loan because i missed one credit card payment 6 months ago gave me the sh$%s so i onmly use them for my daily and anz for loans etc

LTDHO · 30-06-2006, 07:19 AM

What I need is an account where all funds will be EFT, so no outlet is needed and neither is a card. I have a spending account with ANZ for this.
I'd like an account where I EFT some bills and my house account.
So Free internet, Free EFT and high interest. Account ballance will vary, but will remain over 1k

Tote · 30-06-2006, 08:55 AM

I have had dealings at NAB and Westpac, both have surprsed me at times with their high levels of service. It definately makes a difference if you can form a relationship with a person at the branch so that you have someone who knows you who can sort things out when they screw up.
I've also had a not so pleasant experience with a Sydney based credit union who I could only deal with over the phone that left me with a default on my credit record that was unable to be rectified. "I'm sorry XXX has left and we have no record of that conversation"
Regards,
Tote

MITCHAY · 30-06-2006, 09:10 AM

I'm with St George. Changed from Commonwealth a great deal of years ago. Never have had any problems with them although with the fees they are introducing, I must say that I'm not happy with that.

I got a VISA debit card purely for the fact that credit transactions were free but apparently from next month they count towards your free transactions, and after that you get charged.

I make numerous transactions a week so it will add up eventually. The funny thing with every bank you go to is they charge you an account fee when they invest your money you deposit and make money of it lol.

30-06-2006, 09:53 AM

Quote:

Originally Posted by jim1606

HSBC? and you have woolworths over there!

Our Woolworths is a supermarket and a chain of jointly owned petrol stations (Caltex Woolworths), where as your Woolworths is more like a Big W (which is owned by Woolworths)

4.9 EF Futura · 30-06-2006, 10:05 AM

Quote:

Originally Posted by LTDHO

So Free internet, Free EFT and high interest.

Lol. The "banking" wishlist.

I dont think there's many people chargin for netbank anymore so that's an easy one to strike off the list. ING has high interest but i doubt if you can pay bills etc from the online saver. Vice versa with most other ADIs - good transaction facilities but sh**house interest on deposits unless you go fixed term.

Try a hybrid approach...

Maybe utilise ING for the "sticky" funds (i.e. your minimum $1k balance) and have another institution like the CBA or one of the other big 4 for netbanking and accessing more liquid funds. CBA charges me $5/month account keeping fee, dont think i get slugged anything for using netbank.

TheSneakiness · 30-06-2006, 10:16 AM

I'm with Bank of Queensland for my everyday, savings, CC and loan account. Been with them ever since I moved here.

The interest is horrendous on my loan, which is why I posted that thread in the DM forum, CC is good with interest, and monthly fees are good, in that it isn't expensive.

I'm looking into going elsewhere at the moment.

SB076 · 30-06-2006, 12:22 PM

Quote:

Originally Posted by ebxr8240

ANZ and just started with ING ...
St George wouldn't give us our deeds back when we
paid our place off...Even after we paid for them to be released...
Apparently they like to keep them as they use them as bank equity...

You need to fill in some forms for request for discharge, it takes a minimum of 14 days (at least with CBA, why I have no idea, any other business sector could get similiar information much quicker) I am not a big fan of any bank, thinking of trying a smaller community bank. Get sick of fees and charges, for absolutely everything, then in the same breath they tell you how good they are going becasue they have made a billion dollars profit :SaiyanSmi

**ebxr8240** · 30-06-2006, 01:25 PM

Quote:

Originally Posted by SB076

You need to fill in some forms for request for discharge, it takes a minimum of 14 days (at least with CBA, why I have no idea, any other business sector could get similar information much quicker) I am not a big fan of any bank, thinking of trying a smaller community bank. Get sick of fees and charges, for absolutely everything, then in the same breath they tell you how good they are going because they have made a billion dollars profit :Saiyans

Yes I did all that.. They like to keep them so it shows on there annual statement as assets..
I am using ING as real estate portfolio and ANZ for everything else...
At present there's no need to invest money "into" banks etc. Also while I have investment properties, bank charges are tax deductible. Still a pita though....

kyro_02 · 30-06-2006, 01:28 PM

commonwealth bank is ok

4.9 EF Futura · 30-06-2006, 01:35 PM

Quote:

Originally Posted by ebxr8240

Yes I did all that.. They like to keep them so it shows on there annual statement as assets..
I am using ING as real estate portfolio and ANZ for everything else...
At present there's no need to invest money "into" banks etc. Also while I have investment properties, bank charges are tax deductible. Still a pita though....

Probably not being held as assets... banks hate assets as they have to hold capital against them, they get rid of as many assets as possible...

A lot of the time they hold the deeds etc in security packages, usually offsite (hence the fee for retrieving them) but they also send the security packets on when they securitise loans off of their balance sheet (i.e. when they get a bunch of similar loans and sell the loan repayments onto a unitised trust)...

Also might have been with the lender's mortgage insurer, if the loan had lender's mortgage insurance on it...

theBlake · 30-06-2006, 01:58 PM

HSBC Online account is a good for just transactions, and you can use any ATM at no cost. http://www.hsbc.com.au/personal/accounts/osa.html

Quote:

Originally Posted by ebxr8240

Yes I did all that.. They like to keep them so it shows on there annual statement as assets..

Thats complete bollocks - sorry.
(my qualification for that statement is 20 years in banking)

A mortgage on a property is not on the banks balance sheet, only the loan account is. You must have misunderstood the banks explanation or they were bad at giving it.

It is only an advantage to you NOT to discharge the mortgage for a couple of reasons;
- the bank is storing your deeds for free.
- you can borrow again against the same mortgage later without paying govt costs again, mainly the Mortgage Stamp Duty which can be a lot - about $400 per $100,000 loan (varies state by state)

Discharge the mortgage only when you are selling your place or if you want to finance with another lender, otherwise leave it there, you are better off.