Date: Sun, 1 Jul 2001 20:53:43 -0400 From: Greg Lehey <grog@FreeBSD.org> To: Iain Templeton <iain@research.canon.com.au> Cc: "G. Adam Stanislav" <adam@whizkidtech.net>, freebsd-chat@FreeBSD.org Subject: Re: US checking accounts for non-US residents Message-ID: <20010701205343.A269@sydney.worldwide.lemis.com> In-Reply-To: <Pine.LNX.4.10.10106280943470.6417-100000@blow.research.canon.com.au>; from iain@research.canon.com.au on Thu, Jun 28, 2001 at 09:48:52AM %2B1000 References: <3.0.6.32.20010627145956.00ab4e30@mail85.pair.com> <Pine.LNX.4.10.10106280943470.6417-100000@blow.research.canon.com.au>
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On Thursday, 28 June 2001 at 9:48:52 +1000, Iain Templeton wrote: > On Wed, 27 Jun 2001, G. Adam Stanislav wrote: > >> At 16:58 2001-06-27 +1000, Iain Templeton wrote: >>> Wow! A bank that doesn't charge you fees. You lucky Americans! >>> >>> Lets see, that'll be $5 for going below $500, $1.50 per other bank ATM >>> transaction. $1.something for an other bank EFTPOS transaction. Now, >>> where's my 0.25% PA interest? Lets not talk about overdrafts... >> >> Well, overdraft fees I find justifiable. The rest of them, I do not. >> Most importantly, what I meant was no minimum balance and no fees >> related to that. >> > Yes true, I tend to keep in the black, so have no problems. Even my > credit card. > >> Most banks, even in the US, do have monthly minimums and charge you >> "account maintenance fees" if you go below that. That is the fee I >> object to, and refuse to open an account in a bank that has one. >> > Yes, my bank recently upped the account maintenance fee to $2000, that > is just wrong. Hmm. I think you mean: s/account maintenance fee/minimum balance/ s/my bank/ANZ/ Agreed, that pisses me off too. >> For eaxmple, when I moved to the little town I live in now, I went >> from bank to bank looking for the right one. I explained to each one >> of them my conditions (the smart ones are willing to negotiate). >> One rep smiled and said: "You will not find that in Rhinelander." >> >> I did find it, and I came back to her to tell her so. >> > We have basically 5 banks in Australia, and a number of other smaller > groups who provide banking services (some of them are credit unions, > others are overseas banks). Generally the big 4 (+1) tend to have the > highest fees. And they're rising all the time. >> Anyway, the reason I object to this fee is that it is unfair and >> ridiculous. When you deposit money in a bank, the bank takes your >> money, invests it, and makes more money from it. They have a lot >> of nerve to charge you a fee for depositing less than $500 (or any >> amount). > > I think the one I find the hardest to comprehend is the service fees. If > I make more than 6 electronic (ie Internet, phone, EFTPOS, ATM) > transactions a month, I get charge $1.50 per excess transaction. > > I only get 2 over the counter transactions as well. Not that I need > them. Hmm. I'm beginning to wonder if this is ANZ after all. I hope not. > It's funny really, the banks make barely anything out of personal > banking, yet charge the highest fees. It looks as if they are > forcing the individual business units to make the highest profits, > rather than perhaps spreading things out across the entire business. A while back in Germany I was left with the distinct impression that the commercial banks were no longer interested in individual accounts. Maybe the same thing is happening in Australia. Greg -- See complete headers for address and phone numbers To Unsubscribe: send mail to majordomo@FreeBSD.org with "unsubscribe freebsd-chat" in the body of the message
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