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Old May 10th, 2004, 04:43 AM
A Mate
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Posts: n/a
Default multi-currency bank accounts?

Safe custody is a service (free from many credit unions etc - small fee for
most banks) whereby you place documents or similar (personally I wouldn't
include large denomination bank notes) in a special sealed envelope (size as
needed) which is kept in the Bank Security Room. Access requires the
signature holder and a senior bank officer - usually in a private room.

As another poster has suggested - if you're simply waiting for the fall of
the AUD - why not access your USD account with a credit card through ATM's.

Remember while there is no limitation on the amount of foreign cash you may
bring into the country you must declare amounts in excess of $10,000 AUD in
cash to Customs on arrival.

"4000 psi" wrote in message
news:xrpnc.18737$ph.9784@fed1read07...

"A Mate" wrote in message
. ..
All Australian banks offer accounts in other currencies (the AUD floats
free) - but they're not suitable for everyday operational acounts (for a
start most offer lower lower interest rates - whatever the reference

rate
is
for that currency - 0% for the yen; etc- plus fees. The AUD is amongst

the
highest reference interest rates for free floating currencies at the
moment).

Deposit boxes are available, but realistically you'd only put

exceptionally
valuable jewels etc in them. Safe custody is available everywhere (I

mean
in every town with a bank of any kind) for documents etc.


what is the diff. between the two?


Frankly - I suspect I've responded to a bull**** post!!!!



no, this is for real, and thank you for the info.

"4000 psi" wrote in message
news:V0gnc.18692$ph.18202@fed1read07...
banks such HSBC offer multi-currency accounts ... has anyone ever used
it/them and does that work for everyday life's expenses? also, are

safety
deposit boxes a common service that the banks provide in AUS? thank

you!