View Single Post
  #5  
Old September 13th, 2003, 02:26 AM
Tom Hatfield
external usenet poster
 
Posts: n/a
Default Aus. bank(s) in US?

On Thu, 11 Sep 2003 23:23:23 -0700, "4000 psi"
wrote:

any sightings of Charles Schwab in OZ?


I did see them for a minute or so here in the CBD in Sydney, but not
any longer.

You did not say why you need banks with offices in each country. I
know that Chase Manhatten opened in Australia, and found that they
were not able to operate as a 'branch' of the USA, as Australian
banking regulations are totally different to USA.

That said, every bank here in Australia will write drafts that can be
deposited in USA banks, I am sure most large USA banks can do the same
for Australian funds.

Tom