Friday, 11 June 2010

Open Aussie bank account

We've managed to open a bank account with WestPac from the UK.
The beauty of this, is that all IDs have been checked - no need to do this over in Oz, making it slightly easier.

Also, by opening this in the UK, we can transfer money over to a Oz bank account and have some money ready for us to use once we're over there.

There is a Westpac branch in London, where I went to open my account.

All Ozzie banks charge you approx $5 for for simply having a current account. With the Westpac account, this $5 is waived for the first 6 months, and after that this is also waived, if you have $2k+ coming in from your monthly salary.

The e-saver is also very good, offering 6% interest rate which is calculated and paid on a monthly basis. To access the money from this, you would have to transfer your money from the e-saver to your current account.

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