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#1
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multi-currency bank accounts?
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! |
#2
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multi-currency bank accounts?
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. Frankly - I suspect I've responded to a bull**** post!!!! "4000 psi" wrote in message news:V0gnc.18692$ph.18202@fed1read07... banks such HSBC offer multi-currency accounts ... has anyone ever used it/them and does that work for everyday life's expenses? also, are safety deposit boxes a common service that the banks provide in AUS? thank you! |
#3
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multi-currency bank accounts?
"A Mate" wrote in message . .. All Australian banks offer accounts in other currencies (the AUD floats free) - but they're not suitable for everyday operational acounts (for a start most offer lower lower interest rates - whatever the reference rate is for that currency - 0% for the yen; etc- plus fees. The AUD is amongst the highest reference interest rates for free floating currencies at the moment). Deposit boxes are available, but realistically you'd only put exceptionally valuable jewels etc in them. Safe custody is available everywhere (I mean in every town with a bank of any kind) for documents etc. what is the diff. between the two? Frankly - I suspect I've responded to a bull**** post!!!! no, this is for real, and thank you for the info. "4000 psi" wrote in message news:V0gnc.18692$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! |
#4
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multi-currency bank accounts?
"4000 psi" wrote in message news:V0gnc.18692$ph.18202@fed1read07... banks such HSBC offer multi-currency accounts ... has anyone ever used it/them and does that work for everyday life's expenses? also, are safety deposit boxes a common service that the banks provide in AUS? thank you! Not sure what your purpose for the bank accout is, but travelling to Australia is best managed with a Debit Card on your own bank. ATMs are everwhere! Safety Deposit Boxes are only in major cities and cost the Earth! Geoff Lillico |
#5
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multi-currency bank accounts?
"Geoff Lillico" wrote in message ... "4000 psi" wrote in message news:V0gnc.18692$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! Not sure what your purpose for the bank accout is, but travelling to Australia is best managed with a Debit Card on your own bank. ATMs are everwhere! Safety Deposit Boxes are only in major cities and cost the Earth! Geoff Lillico i'd like to keep my cash in USD for as long as i can taking withdrawals in AUD as i need them ... i am just trying to ride out the inevitable devaluation of the AUD for as long as i can ... there is no point of converting it all to AUD while it is still strong just so i can deposit into a bank for safekeeping ... stashing it under the mattress is not an option how much is a typical safety deposit box? and would one be available in the Brisbane area? regards. |
#6
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multi-currency bank accounts?
"Safe Custody" is usually just a paper based packet.
"Safe Deposit Box" is just that, a box inside a miniature safe. Both types are kept inside a strongroom i.e. a reinforced concrete room protected by a steel door with a minimum of four locks held by individual bank staff. READ the fine print. While all reasonable care is taken (by the Bank) there is no responsibility accepted for any loss or damage. A few years ago the strongroom at Westpac Bank at Rosebay (?) in Sydney was looted. Charges apply for both services with the "packet" system the cheaper by a long shot. Ross 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? |
#7
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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! |
#8
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multi-currency bank accounts? - From Westpac
How to secure your valuables
Document Storage. At most branches, you can ask the Bank to secure non-monetary value paper documents on your behalf such as certificates and passports. These items are held in a bank-provided durable packet and will hold A4 documents without folding. Safe Deposit Boxes. At selected branches, we can usually safeguard larger items such as jewellery and other valuables for you. Your valuables are held in Bank-provided safe deposit boxes, usually 6.5 cm x 25 cm x 53 cm. These are housed in specially constructed security modules. Access to the module to remove the inner box is by double key, with one key held by you and the second key held by the Bank. 39 Option Fee Annual fee (charged in advance) $27.25 (inc. GST) Access fee (for 5th and any subsequent $5.45 (inc. GST) access in any one month) per access Please note that, for security reasons, the Bank holds no duplicate of your key. If you are interested in a safe deposit box, you can contact Telephone Banking or visit any branch. Safe Custody Vaults This service (where available) provides a selection of different sized, double keyed boxes located within a walk-in security vault. Document storage packets and safe deposit boxes can be secured subject to space availability. Important information relating to safe custody. Safe custody services are available at selected branches, Telephone Banking or your nearest branch can advise a site closest to you. We will supply you with the terms and conditions applying to this service, together with details of any fees applicable, when the facility is established. All safe custody services are offered on a yearly basis with the exception of safe deposit boxes at selected branches, which are available for hire on a monthly or yearly basis. 40 Option Fee Annual rental option Establishment fee $27.25 (inc. GST) Annual fee $109.00 (inc. GST) Access fee (for 5th and any subsequent $5.45 (inc. GST) access in any one month) per access Monthly rental option Establishment fee FREE Monthly fee $16.35 (inc. GST) Access fee (for 5th and any subsequent $5.45 (inc. GST) access in any one month) per access You must retain a transaction account with the Bank to be eligible to use the safe custody service as all fees must be debited to a Bank transaction account nominated by you. If you close your nominated account, you will be requested to nominate another Bank account or remove the contents of your packet or safe deposit box. As the Bank has no insurance cover on lodgements, we recommend you arrange cover through the insurer of your choice. The Bank cannot accept lodgements of "4000 psi" wrote in message news:8mAnc.19094$ph.246@fed1read07... "Geoff Lillico" wrote in message ... "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! Not sure what your purpose for the bank accout is, but travelling to Australia is best managed with a Debit Card on your own bank. ATMs are everwhere! Safety Deposit Boxes are only in major cities and cost the Earth! Geoff Lillico i'd like to keep my cash in USD for as long as i can taking withdrawals in AUD as i need them ... i am just trying to ride out the inevitable devaluation of the AUD for as long as i can ... there is no point of converting it all to AUD while it is still strong just so i can deposit into a bank for safekeeping ... stashing it under the mattress is not an option how much is a typical safety deposit box? and would one be available in the Brisbane area? regards. |
#9
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multi-currency bank accounts?
My box in Sydney costs $82.00 a year.
You should be able to get one in Brisbane. -- The Commissioner www.the-commissioner.com i'd like to keep my cash in USD for as long as i can taking withdrawals in AUD as i need them ... i am just trying to ride out the inevitable devaluation of the AUD for as long as i can ... there is no point of converting it all to AUD while it is still strong just so i can deposit into a bank for safekeeping ... stashing it under the mattress is not an option how much is a typical safety deposit box? and would one be available in the Brisbane area? regards. |
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