thread: Which bank do you have your kids savings account?

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  1. #1
    Registered User

    Apr 2010
    1,118

    CBA, cos you can open kid's accounts online with the numbers off their birth certificates.

    Also, you can't open kid's accounts online with the numbers off their birth certificates. You have to go into a branch, about a week after the message comes back online saying it didn't work. Misleading, I say.

  2. #2
    Moderator

    Oct 2004
    In my Zombie proof fortress.
    6,449

    ANZ - I can access them via my online banking. Makes is easy to transfer and to see what is going on.

    Just check out what the ATO has to say about kids accounts and the interest earnt (you may have to declare the interest on your tax return). The threshhold for interest is $420 before PAYG is withheld. So there may be a need to look at other investment options once significant interest is being earnt.

  3. #3
    Registered User

    Sep 2008
    In a cloud of madness.
    4,053

    ANZ - I can access them via my online banking. Makes is easy to transfer and to see what is going on.

    Just check out what the ATO has to say about kids accounts and the interest earnt (you may have to declare the interest on your tax return). The threshhold for interest is $420 before PAYG is withheld. So there may be a need to look at other investment options once significant interest is being earnt.

    This is who i was with. When I closed the accounts the woman asked me why I was doing it. I told her how unhappy I have been with ther service I have been reciving from them and how disrespectful they were. Her response to me... "Oh, oh well."

    I know I'm only 1 customer but really, she didn't even TRY to convince me to stay.

  4. #4
    Moderator

    Oct 2004
    In my Zombie proof fortress.
    6,449

    This is who i was with. When I closed the accounts the woman asked me why I was doing it. I told her how unhappy I have been with ther service I have been reciving from them and how disrespectful they were. Her response to me... "Oh, oh well."

    I know I'm only 1 customer but really, she didn't even TRY to convince me to stay.
    Just curious as to what they did wrong with their service (no I am not employed by the ANZ ) I found it to be quite good across multiple branches.

  5. #5
    Registered User

    Sep 2008
    In a cloud of madness.
    4,053

    Just curious as to what they did wrong with their service (no I am not employed by the ANZ ) I found it to be quite good across multiple branches.
    I applied for a debt consolidation loan in both mie and my husbands name to start with - declined. Ok no worries
    Did it again in my name - declined. Ok no worries. When I asked why the reason I was given was "you don't have enough history of banking with us" WTH??? I have been banking with you for more than 10 years, I pay more than the amounts due on my c/c and personal loan (which i was trying to consolidate). When I asked if there was a way they could help me to assess the situation and guide me in a direction it might be possible in the future, the response I got was "well, we are unable to do anything to help you for the next 3 months." Again WTH?? Clearly value customer service. Then when I closed the girls accounts no attempt to even try and get me stay.
    Think I'll go to bankwest - where ever I go I will eventually take all my banking there.

  6. #6
    Moderator

    Oct 2004
    In my Zombie proof fortress.
    6,449

    Ah, I see. I had originally thought you must had poor service with the children's accounts.

  7. #7
    Registered User

    Sep 2008
    In a cloud of madness.
    4,053

    Sorry didn't explain it well.
    I will close all the others also, just need a couple of weeks to change over all the direct debits etc.