All our accounts are with ANZ, with our personal accounts I think we get unlimited transactions, but with the business account there is a limit on how many EFTPOS, ATM withdrawals, cheque deposits etc you can do, and get charged for going over the limit...I think it's a bit OTT but seeing as all our other accounts are with them it just made sense. And after ongoing hassles with Commonwealth bank there is no way we will ever ever ever use them again!
I thin it's the overall package though, rather than just one specific thing.
We went with our bank because they have to be everywhere that we can be posted. We also dont pay an account keeping fee so I keep my transactions down to avoid fees. I think if I keep them down I pay like $1 a month for ATM access.
Yes, I've been meaning to switch to bankwest for transaction & savings for a while - they have some really attractive products. The only problem is their IT systems are utter crap (probably goes for some other banks too). I spent nearly 2 hours there (all up) a while back and they still couldn't get the system to work and havent' had time to go back.
We were going to go to bankwest until commonwealth bought them out. Instead we switched (me from cwth, dh from anz) to NAB. We pay $10 a month for unlimited transactions (obviously we have to pay if using another ATM - but there are lots of redi-atm about these days - but rarely use cash and take it out at the supermarket if we do need it) BUT if we deposit I think it is $4000 a month we dont have to pay for it.
I looked into CUs and noone else could offer that kind of deal. Sure maybe they could offer lower rates on a personal loan or CC, but in the end if i was having to pay x amount per month for transactions it wasnt worth it for me!
With bankwest you only have to deposit 2000 per month to get free unlimited transactions. You can choose from interest with free withdrawals from ANZ, NAB and CBA/BW or no interest and free withdrawals from all major banks' ATMs.
Bank West sounds good but unfortunately we dont have them here.
We are with N A B and just wondering if i was getting a good deal with fees etc.
I am going to ring them today and just recheck everything. I cant find our booklet that has all the info.
If we have under xxx$ in our account we pay $5 per month if it is over xxx$ then it is free but thats about all i can remember...
I know they have just abolished some fees too so i want to check which ones...
Part of our reasoning for choosing them was because we were moving and needed to go with a bank that was in the little town that we were moving to.
Prior to that we were with a local credit union and couldnt have stayed with them if we moved.
We don't pay most bank fees because DH is staff. However if he was not staff we would go with the bank that had the best all round services. We value a good online banking system and a good ATM presence. From staff perspective some banks are more efficient than others... DH is having issues with his current bank due to frustrating inefficencies. Sometimes it pays to pay a little bit more for good service. At the moment many of his clients are experiencing delays due to poor procedures (such as approving credit limits prior to going over seas) and it's those kind of issues that can really hurt... just not worth the few dollars per month savings IYKWIM.
Most banks offer unlimited transactions if you have a home loan with them. Same with credit card account keeping fees... zero if you have a home loan with the bank.
We were with Adelaide Bank (Now Bendigo Bank) and we were paying in excess of $40 a month for excess transactions. We saw an ad for ANZ that has $5 a month for unlimited transactions so we made the move there and haven't looked back. Just wish we had done it sooner.
Bank fees....
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