Category Archive: Banking and Finance

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Sep 25 2017

Big Four Australian Banks Remove ATM Fees

Australian Banks announce the Removal of ATM Fees

On 24th September 2017, the CBA, Westpac, ANZ and NAB announced the removal of fees incurred on their ATM’s when used by non bank customers.

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Win a Luxurious home in Australia with Hometown Prize Draws.

For Books with Free Delivery to Australia, look at: BookDepository UK and USA

Apr 09 2017

Surcharges on Credit Card payments in Australia

Credit Card Surcharges when Shopping in Australia

Not everywhere accepts a Credit Card without adding on a surcharge to cover the retailers fees from the Credit Card companies.

Most Supermarkets etc., do not add on extra for those paying by Credit Card, as the cost of credit card use is already built into their pricing, whether you pay by cash or card.
But note: This applies to Debit and Credit card payments

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Win a Luxurious home in Australia with Hometown Prize Draws.

For Books with Free Delivery to Australia, look at: BookDepository UK and USA

Apr 03 2017

Opening a Bank Account in Australia

Opening Bank Accounts in Australia

Under current government legislation, you need to provide personal identification up to the value of 100 points when opening a bank account.
New Migrants opening a bank accounts in Australia are allowed special concessions regarding ID.

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Win a Luxurious home in Australia with Hometown Prize Draws.

For Books with Free Delivery to Australia, look at: BookDepository UK and USA

Apr 03 2017

Credit Cards for Temporary Residents in Australia

Can a Temporary Resident have a Credit Card issued in Australia

Not every Bank in Australia will issue a Credit Card to a temporary resident, but some do, including the main 4 banks.
eg:
ANZ Bank Credit Card Eligibility Requirements includes this statement:
You’re a non-Australian permanent resident with more than 9 months remaining on your Visa, earning a minimum annual income of $15,000 if applying for an ANZ credit card account.

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Apr 03 2017

Credit Card Standard Rates And Fees

Credit Card Rates and Fees in Australia

Credit card fees are never really simple, and there are often catches that the new card holders are not expecting.

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Jan 17 2017

Monthly Fees on Australian Bank Accounts

Most banks have a standard monthly account keeping fee for standard banking facilities, but there are options for Free Banking at all of them, although FREE BANKING does come standard at some.

At January 2017 the Big 4 Australian Banks show the following conditions for Free Banking…..

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Aug 14 2016

Credit Card Balances accruing Interest

There is often a lot of talk about Credit Card debt in Australia, and the figure being headlined in Newspaper Reports is often the total of all Credit Card Balances and not the real debt.
How many of us use a credit card to purchase most things, but pay the card off in full at the end of each month, without incurring interest?
Do we call that debt? Is Credit Card debt really $50,897 million or $32,383 million.

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Jul 22 2016

Value of GBP 10,000 in Australian Dollars

The changing value of £10,000…
22nd July 2016 – AUD 17,587.06
10th Dec 2015 – AUD 20,590.11
12th June 2013 – AUD 16,565.00

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Jul 05 2016

RBA Rate Decision July 2016

RBA Rate Decision July 2016 At its meeting today, 5 July 2016, the Board decided to leave the cash rate unchanged at 1.75 per cent.

Jun 12 2016

Australian Home Loan Mortgage Interest rates

Home Loan Mortgage Interest rates
At May 2016 an example rate for Home Loans is:
3.63% variable rate p.a. = 4.03% comparison rate

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May 18 2016

Naritas Finance Home Loans For New Migrants

Naritas Finance: Home Loans For New Migrants
Naritas Finance offer Loans For New Migrants & Overseas Borrowers

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May 03 2016

RBA Lowers Cash rate to 1.75%

The Reserve Bank of Australia (RBA) lowers the Cash rate At its meeting today, 3 May 2016, the Board of the Reserve Bank of Australia (RBA) decided to lower the cash rate by 25 basis points to 1.75 per cent. http://www.rba.gov.au/

Jan 19 2016

Temporary Resident Home Loans

Home Loans for Australian Temporary Residents
It is possible to borrow up to 95% at normal home loan interest rates where the temporary resident is the spouse of an Australian Citizen or permanent resident.

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Dec 02 2015

Interest rates in Australia – December 2014

Australian Interest rates For Reserve Bank ‘Cash Rate’ Interest Rates See: www.britzinoz.com/australian-interest-rates-reserve-bank-of-australia Where do you find the best Interest rates in Australia, both for Mortgages and Savings ? Some options include these web sites: myrate www.infochoice.com.au Their web site says “Compare: 1,000s of financial products from 100s of providers…” and it does seem to have a …

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Jun 19 2015

Mortgages for Overseas British Expat Pensioners

Retired Britons Overseas are able to obtain a mortgage on a UK property, even up to age 70. But NOT to those living in Australia. The following page shows a list of countries where residence is not supported for Skipton International’s Expat Lending: www.skiptoninternational.com/uk-expat-mortgages-residency-limitations Australia is on this List, although New Zealand isn’t. The following …

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Jun 18 2015

How fast is a Money Transfer from UK to Australia

Moving Funds between the United Kingdom and Australia An example of actual transfer dates when using Currency Online in 2015: My personal Currency Online Transactions: Fri, 20 February 2015 Online transfer from my Australian bank to Currency Online Mon, 23 Feb 2015 Currency Online received Funds from my Australian bank – (23 February 2015 at …

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Nov 06 2014

Nov 6th 2014: Special Update: Australian Dollar hits 4-year low

Special Update: Australian Dollar hits 4-year low AUD-USD There has been continued weakness in commodity prices and stronger than expected US private-sector jobs growth overnight combining to take the Australian dollar through critical support at the 0.8650 mark. The Aussie hit a four year low overnight of 0.8565 as the Greenback strengthened across the board. …

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Oct 27 2014

Australian Superannuation Co-contribution scheme

Australian Superannuation Co-contribution scheme The super co-contribution scheme is designed to assist eligible individuals to save for their retirement. If you are eligible and make personal super contributions during a financial year, the government will match your contribution with a super co-contribution up to certain limits. If you are a low or middle-income earner and …

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Oct 27 2014

Low Income Superannuation Contribution

Australian Low income superannuation contribution The low income superannuation contribution (LISC) is a superannuation contribution made on behalf of individuals with an adjusted taxable income (ATI) of $37,000 or less in an income year. The maximum contribution amount payable is $500. The contribution is designed to effectively return the tax paid on concessional contributions by …

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Oct 26 2014

Gross Disposable Australian Household Income rises by 58% from 2004 to 2012

The average gross disposable income of Australian households grew 58 per cent in the eight year period between 2003-04 to 2011-12, according to figures released by the Australian Bureau of Statistics (ABS). The following shows that prime growth area was in the 35-44 age group where the prime earner paid about $26,000 tax in the 2011-12 financial …

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