HSBC Bank

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HSBC Bank
Topic Started: Feb 9 2009, 08:52 PM (23 Views)
ABCDiamond	Feb 9 2009, 08:52 PM Post #1
Posts: 3,051 Group: Admin Member #1 Joined: January 22, 2004 Residency Status: Permanent Resident Current Residence (State or County): 4165, SE Queensland	Many Australian Banks have account keeping fees, commonly $5 per month, although some are Free, so it is worth shopping around. The HSBC Bank is a common account for many newly arrived British, as it can provide FREE banking, and a decent interest rate on deposits. http://www.hsbc.com.au/personal/accounts/osa.html However, it is designed for Internet banking as there are very few HSBC branches around. You can however make deposits and withdrawals at any Post Office, Free of Charge, and you are allowed to make 5 withdrawals per month at other banks ATM machines, without charge. The normal fee for this type of transaction, with almost every other bank, is $1.50 to $2 per transaction. HSBC allow FIVE free, as they have very few of their own ATM machines. As from 3 March 2009, HSBC will however allow unlimited FREE withdrawals at any of the 1,800 HSBC or Westpac branded ATMs nationally. (this does NOT include St George ATM's) However, the current 5 FREE non-HSBC ATM transactions per month without incurring ATM transaction fees, will be removed under the ATM Reform on March 3rd 2009 Source: http://www.hsbc.com.au/1/2/info-atmreform Edited by ABCDiamond, Feb 9 2009, 09:02 PM.



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