I first wanted to thank Carla Sue over at Eat Sweet for awarding me with The Versatile Blogger Award. Do give her blog a look-see if gorgeous and deliciously-sinful desserts are your thing. Here’s a little teaser…
Now back to business…
There are a few things I’ll need to make sure I take care of before the end of my first week in Oz: (1) find an apartment, (2) apply for a TFN no., (3) buy a new cell phone, and (4) open up a bank account.
I figure I should go with a larger bank (one with many branches) to make depositing easy and to avoid ATM fees. And my insane obsession with high interest rates has got me thinking I should open up a savings as well, considering the interest rates down under are awesome!
These banks offer great products—Westpac, ANZ Bank and Commonwealth Bank Australia—but what turned me off was either their having a monthly fee or required minimum balance.
So here are the 2 remaining banks, their chequings/savings accounts, and their benefits:
National Australia Bank
NAB Classic Banking: no monthly account fees, no minimum balance, online banking, and free withdrawals from NAB ATM or rediATM machines.
NAB iSaver: no monthly account fees, no transaction fees, no minimum balance, unlimited deposits/withdrawals, variable interest rate of 3.5-5%, bonus intro rate of 1.5% for the first 4 months for new customers.
Citibank Plus: no monthly account fees, no minimum balance, online banking, free withdrawals at over 3,000 ATMs, free transfers to any international account (major plus!), and… you won’t believe this… a free bottle of wine when you use your card to purchase a meal at Citibank Dining Program participating restaurants.
Citibank Online Saver: no monthly account fees, no minimum balance, unlimited deposits/withdrawals, bonus intro rate of 5.7% for first 4 months for new customers (4% after 4 months).
So far I see myself leaning toward Citibank Australia. Although both banks boast fee-free qualities, Citibank participating ATM’s seem to have a wider reach with free access to ATM’s from other banks as well (including Westpac, St. George and others). The intro rate of a Citibank Online Saver account for new customers (for the first 4 months) is also higher at 5.7%, beating NAB’s 5%. What really got me excited was Citibank Plus’ free international transfers. This would make transferring money from my Canadian account to my Australian accounts pain-free. Oh yes, and the booze. 🙂
If you’ve travelled or live in Australia and can share some helpful tips, comment below! I know I, along with other readers, would find it very helpful. 🙂
As winner, I get to nominate 15 other blogs I really think you should check out! These range from blogs about personal-finance, recipes, photography and travel.
Here’s a list of more then 7 things about myself. 🙂
For all those I’ve nominated, consider spreading the love and choosing 15 of your favourite blogs for your readers to check out. Below are the winners’ guidelines:
Versatile Blogger Award – Rules for Winners
1. Thank the person who gave you the award and link back to their blog.
2. Choose fifteen blogs to nominate and let them know by leaving a comment.
3. Request that the chosen blogs pass on the award to their favourite fifteen.
4. Copy and paste the award on your blog post.
5. List seven things about yourself.