From owner-freebsd-chat Mon Jul 2 17:19:28 2001 Delivered-To: freebsd-chat@freebsd.org Received: from kwanon.research.canon.com.au (kwanon.research.canon.com.au [203.12.172.254]) by hub.freebsd.org (Postfix) with ESMTP id 218D537B405; Mon, 2 Jul 2001 17:19:24 -0700 (PDT) (envelope-from iain@research.canon.com.au) Received: from bellmann.research.canon.com.au (bellmann.research.canon.com.au [10.5.0.3]) by kwanon.research.canon.com.au (Postfix) with ESMTP id EB0AF5169D; Tue, 3 Jul 2001 00:24:53 +0000 (UTC) Received: from blow.research.canon.com.au (blow.research.canon.com.au [10.8.1.4]) by bellmann.research.canon.com.au (Postfix) with ESMTP id 4E75C8B10; Tue, 3 Jul 2001 10:04:56 +1000 (EST) Received: by blow.research.canon.com.au (Postfix, from userid 683) id E5785328F5; Tue, 3 Jul 2001 10:19:21 +1000 (EST) Received: from localhost (localhost [127.0.0.1]) by blow.research.canon.com.au (Postfix) with ESMTP id AB50D328F2; Tue, 3 Jul 2001 10:19:21 +1000 (EST) Date: Tue, 3 Jul 2001 10:19:21 +1000 (EST) From: Iain Templeton To: Greg Lehey Cc: freebsd-chat@FreeBSD.org Subject: Re: US checking accounts for non-US residents In-Reply-To: <20010701205343.A269@sydney.worldwide.lemis.com> Message-ID: MIME-Version: 1.0 Content-Type: TEXT/PLAIN; charset=US-ASCII Sender: owner-freebsd-chat@FreeBSD.ORG Precedence: bulk List-ID: List-Archive: (Web Archive) List-Help: (List Instructions) List-Subscribe: List-Unsubscribe: X-Loop: FreeBSD.org On Sun, 1 Jul 2001, Greg Lehey wrote: > > 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. > Yes, right on all three counts. I don't have a problem maintaining $2k, but I can imagine many people who are far worse off than me having trouble. Two years ago when I was a student (I almost wrote stupid again, I'm getting good at that little slip :-) I doubt that I had my balance above $2k for more than a couple of months (and that was only after vacation employment). > > 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. > And nobody seems to be trying to do anything about it. > >> 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 is. > > 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. > I suspect so. I'm just surprised that it is soo high. I honestly think that if it costs them $1.50 for every extra transaction, then there is something seriously wrong with their transaction system. Iain To Unsubscribe: send mail to majordomo@FreeBSD.org with "unsubscribe freebsd-chat" in the body of the message