Didgeridoos & Didgeridon'ts
A Brit’s Guide to Moving Your Life Down Under

What does 'Bank Charges' mean?

Find out what Bank Charges means. Bank Charges is explained by Vicky Gray - author of Didgeridoos & Didgeridon'ts

Bank Charges

Bank charges refer to the charges imposed in Australian banks. I was astonished to find that they are still charging these fees.

Obviously bank charges do apply in the UK, but some of the charges that apply in Australia have not been known of in the UK for years i.e. having a fee for having a regular current account.

There are ways to waive this fee, for more information on bank charges go to Chapter 4.

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Chapter 4: Goodbye Blighty
0.
"... looking into if you are emigrating with a family. We still had many loose ends to tie up with insurance (including retrieving no-claim bonuses for car insurance), bank accounts (closing British ones and opening Aussie ones) and final tax payments. So we were grateful to have another month in ..."
27.
"... we would have a look when we got there to see if it was going straight to our first destination of Adelaide, just to be safe. Blow the Bamboozlement of banking Before we took the plunge we did our research. We had attended a number of exhibitions to get information on finding out where to ..."
31.
"... to get the best from our chosen Aussie lifestyle. We investigated opening bank accounts, changing over sterling to dollars (including the right time to do so), plus loads of other information that these places are just jam-packed with. There are four main Australia-wide banks (also known ..."
33.
"... the right time to do so), plus loads of other information that these places are just jam-packed with. There are four main Australia-wide banks (also known as the ‘big four’): - ANZ Bank - Commonwealth Bank - National Australia Bank (NAB) - Westpac Banking ..."
34.
"... other information that these places are just jam-packed with. There are four main Australia-wide banks (also known as the ‘big four’): - ANZ bank - Commonwealth Bank - National Australia Bank (NAB) - Westpac Banking Corporation There are also some state-wide banks: - Bank of ..."
35.
"... these places are just jam-packed with. There are four main Australia-wide banks (also known as the ‘big four’): - ANZ Bank - Commonwealth bank - National Australia Bank (NAB) - Westpac Banking Corporation There are also some state-wide banks: - Bank of Queensland (mainly ..."
36.
"... with. There are four main Australia-wide banks (also known as the ‘big four’): - ANZ Bank - Commonwealth Bank - National Australia bank (NAB) - Westpac Banking Corporation There are also some state-wide banks: - Bank of Queensland (mainly Queensland) - Suncorp ..."
37.
"... main Australia-wide banks (also known as the ‘big four’): - ANZ Bank - Commonwealth Bank - National Australia Bank (NAB) - Westpac banking Corporation There are also some state-wide banks: - Bank of Queensland (mainly Queensland) - Suncorp (Queensland) - HSBC - St George ..."
39.
"... as the ‘big four’): - ANZ Bank - Commonwealth Bank - National Australia Bank (NAB) - Westpac Banking Corporation There are also some state-wide banks: - Bank of Queensland (mainly Queensland) - Suncorp (Queensland) - HSBC - St George Bank - Bankwest (Western ..."
40.
"... Commonwealth Bank - National Australia Bank (NAB) - Westpac Banking Corporation There are also some state-wide banks: - bank of Queensland (mainly Queensland) - Suncorp (Queensland) - HSBC - St George Bank - Bankwest (Western Australia) - Citibank - Home Building Society ..."
43.
"... Banking Corporation There are also some state-wide banks: - Bank of Queensland (mainly Queensland) - Suncorp (Queensland) - HSBC - St George bank - Bankwest (Western Australia) - Citibank - Home Building Society (Western Australia) Before we arrived in Australia, we had ..."
44.
"... are also some state-wide banks: - Bank of Queensland (mainly Queensland) - Suncorp (Queensland) - HSBC - St George Bank - bankwest (Western Australia) - Citibank - Home Building Society (Western Australia) Before we arrived in Australia, we had already organised our bank ..."
45.
"... banks: - Bank of Queensland (mainly Queensland) - Suncorp (Queensland) - HSBC - St George Bank - Bankwest (Western Australia) - Citibank - Home Building Society (Western Australia) Before we arrived in Australia, we had already organised our bank accounts. We had been ..."
"...Before we arrived in Australia, we had already organised our bank accounts. We had been steered in the direction of the Commonwealth bank of Australia by our migration agent, and as we had no other knowledge of Australian banks decided that would be perfectly suitable. Their office was based in London so we made a weekend break of it, taking ..."
50.
"... that March can often bring, although we were gratified to peel off our sodden socks in the comfort of the hotel room every evening. - bank Charges - The staff at the Commonwealth Bank of Australia (CBA) were exceptionally helpful. They guided us through the different accounts available ..."
"...The staff at the Commonwealth bank of Australia (CBA) were exceptionally helpful. They guided us through the different accounts available and which would suit us, and also informed us of the bank charges. This seemed to us completely archaic as these charges certainly are not imposed in UK banks any more. ..."
53.
"... imposed in UK banks any more. The average Australian still pays bank charges for the luxury of having a regular current account. You can pay a low, flat monthly fee by having a streamline account (which gives you unlimited access to your money) for around $6. On other accounts, you can use ..."
"...bankther accounts, you can use the ATM machines only a specified number of times before you get charged. It costs you to use assisted withdrawals over the counter, write cheques and negotiate them through the clearing system and also if you use an ATM which is not one belonging to ..."
67.
"... in foreign currency exchange. HIFX is able to give you all the help and advice you need to save money on all your international money transfers and protects your money from fluctuating exchange rates. HIFX offers better exchange rates than your bank. While I listened to Max and the ..."
69.
"... rates than your bank. While I listened to Max and the well-informed bank clerk drone on, I started to glaze over as I normally do when figures are being discussed. I tried to stifle my yawns, until an article in one of the Australian newspapers caught my eye. Not wishing to appear rude ..."

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Chapter 6: Home to Roost
"...The only token piece of beach is, although spectacular, a man-made sandy swimming area in a place called Southbank, right in the heart of the city. Hats off to them for putting a little segment of tranquillity amongst the hustle and bustle of the city, but if you ever decide to go there on a Sunday afternoon for a family outing, expecting a pleasurable swim and the making ..."
"...If no employment has been arranged yet, a bank statement in most cases is acceptable. Generally the requirement for rent payment is 30% of weekly income as rent (similar to bank consideration). There is no fixed amount required in your bank account but it would need to show that, if you are unable to find employment for a ..."
"...In Australia auctions are a popular way of selling luxury homes or homes that are unique and difficult to price accurately. Often a real estate agent or even an owner will want to sell by auction to establish the true market price of the home. Often deceaseds’ estates, or bank repossessions are sold in this manner as it is a transparent way to gain the true market price for a property. Auctions do not mean, as sometimes in Britain, that a broken down property is being offered for sale – far from it. Auctions are also favoured because the ..."

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Chapter 8: School Daze
115.
"... 25 - Labour Day – (differs in each state) - Queen’s Birthday – June 12 If you accidentally call a public holiday a bank holiday (which does not exist in Australia), most Australians know what you mean. - School Admission Ages for Each State - It is compulsory for children to ..."

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Chapter 12: Driving Me Crazy!
"...people (such as the old-age pension, war-veteran’s pension, job search benefit etc) were paid to everyone on Thursday. In addition, most workers got paid on a Thursday or Friday, so it was widely assumed that they would put the prices up when they knew people had money in their bank accounts. True or not, the Aussies aren’t complaining, so why should we? ..."

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61.
"... still goes down by 6.45pm in the height of summer – and the dawn chorus starts at 4.50am. - Plastic Fantastic - Australia’s bank notes are made of plastic! Well, actually, they are made of polymer. The first note was introduced in 1988 and then by 1996, Australia became the ..."
"...first note was introduced in 1988 and then by 1996, Australia became the first country in the world to have a complete set of polymer notes. To this day, Australia is still the only country with the technology for these notes, so any country around the world with polymer bank notes, will have licensed them from Australia. ..."

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"...more difficult for him over here, not conforming to the typical Aussie male image I mean. Our pommie friends think he should spend his weekends croc wrestling and parading around in a Driza-Bone full length wax jacket, with a Bushman’s hat on his head. But no, he is a banker! ..."

Search result for 'bank' in the FAQs of Didgeridoos & Didgeridon'ts

How do I open a Bank account in Australia?

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Bank Charges
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"A highly amusing and well-organised book, written by a British expat who has experienced the emotional rollercoaster of migrating to..."

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