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Posted by carebear343 Heather - we actually went and opened up a citibank account and transferred everything there in hopes of it being easy in Sydney! Guess I should have posted this BEFORE! We also belong to a credit union. I never thought of using that - perhaps that would be an option for us. --Previous Message--
on 10/11/2007, 8:34 pm, in reply to "Re: Banking in Australia"
68.84.3.134
Thanks for everyone's input!
Do you know if Citibank charges to wire transfer between US and AUS? I need to go meet with them I think...
:
: --Previous Message--
: My husband and I are relocating to Sydney
: and
: are looking to switch to a new bank. We are
: considering doing a CitiBank or Bank of
: America b/c they are both in the States and
: in Australia, but aren't sure if we should
: do that to get there and then open up an
: account at a local bank as well...? And if
: it's easy to use a CitiBank or Bank of
: America easily there - currency is
: translated etc...? Any suggestions would be
: much appreciated!!
:
: We tried to do this when we came and it did
: not work at all. We specifically set up an
: account at Citibank in the US, and the
: Australian branch looked at us like we were
: nuts when we suggested that they were the
: same entity and we should be able to access
: our money.
: So basically, we keep accounts in both
: countries and we do a wire transfer from the
: US bank to the Australian one when
: necessary. If you're getting paid in the
: US, you can access cash through an ATM in
: Australia. Just make sure your US bank
: doesn't charge you additional fees for using
: a foreign ATM. We use a credit union in the
: US. They charge a 1% currency conversion
: fee, but no other ATM charges. Feel free to
: email me if I can be of any further help
: with all this.
: The move probably seems overwhelming, but
: it's a great experience.
:
:
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