There are four big Australian banks, Commonwealth Bank, National Bank, National Australia Bank, West Pacific Bank Westpack Bank and ANZ Bank ANZ Bank.. It is not surprising that Australian banks have a wide range of fees, traps and less silver deposits.
About opening a bank account
Living in Australia, dealing with banks is inevitable. Because Australia does not encourage cash transactions, large amounts of financial transactions have to be done through banks, so opening bank accounts as soon as possible is the most important thing. The opening of bank accounts shall adopt the real-name system; The first time I opened an account, I scored 100 points, including 70 for passport, 40 for driver's license, 40 for social security card, 25 for credit card, 25 for computer bills, and 25 for national health care card (NHS), which included: 70 points for passport, 40 points for driver's license, 40 points for social security card, 25 points for credit card. But if you first arrive in Australia and open a bank account within six weeks of arrival, you only need a passport.
There are two areas to be taken into account when opening bank accounts:
1. Figure out the type of account: find out how many times an account can go to the counter and ATM every month. Banks will charge charges more than the number of times they go to the counter and ATM.
2. Figure out the amount of basic deposit in the account: less than the basic deposit, the bank will charge the deposit fee of the account. If a term deposit is drawn in advance, there will not only be no interest, but also a deduction from the principal for breach of contract. Banks in Chinatown in major Australian cities have Chinese-speaking staff.
About credit cards.
Some people say, in modern society, "carrying mobile phone credit card in the pocket, all around the world are not afraid." In Australia, with credit cards, life becomes extremely convenient. In addition to paying all kinds of bills online, credit cards do represent your credit, for example, if you don't have a credit card when you book a hotel or rent a car. It will allow you to pay a deposit or not accept phone reservations because people think you have no credit.
Applying for a credit card is the first step in establishing personal financial credit. The establishment of financial credit helps the parties to apply for a variety of credit cards and loans, with financial credit can get more loans with lower interest rates. The so-called good financial credit is to borrow more money and pay back on time, that is, the Chinese people often say, "it is not difficult to borrow well, and then borrow." As a result, you should get used to borrowing when you are rich, and good borrowing costs don't pay any interest or even rewards.
The first step in establishing financial credit is to apply for a bank card, (bank card), Inc., trade card and installment purchase, which is the easiest to be approved. The function of the bank card is similar to that of the Chinese credit card, that is, the card has its own deposit and then pays by card; the company's trade card can be used for credit consumption in the designated company firm and then repay the money within the specified time limit. If you are unable to repay it, interest will have to be added. Then on this basis, you can apply for a credit card.
Australia's credit card is different from Chinese credit card because it is really credit consumption, that is, there is no deposit in the credit card. After paying by card holder, the bank pays the firm first, and then requires the cardholder to repay the money. The cardholder is unable to repay the additional interest within the prescribed time limit. Banks make a profit mainly by charging fees to firms, such as 100 yuan spent by cardholders, and the bank actually pays the firm about 97 yuan, earning 3 yuan, and the firm is willing to lose this part of the profits to attract people's credit consumption. Therefore, the more the cardholders consume, the greater the bank profit, the more points the cardholders receive, and the higher the credit.
All credit consumption in Australia is managed by a specialized computer archive, and when people apply for loans or credit cards, the bank will check the applicant's credit rating with the agency.
About how to check your credit record
About 80% of Australians never check their credit history; 93% know it, but they don't know how.
Everyone should take the initiative to check their credit history, because it will affect your future financial decisions, whether you can successfully borrow from the bank, etc., because the loan broker will evaluate your credit through your credit report and credit record. For example, your mobile phone, mortgage or loan to buy a house, and so on. Loan agents will collect credit card defaults, or other debt agreements to determine whether you are a creditworthy lender. Therefore, the personal credit history is very important. The system can be roughly evaluated by some information from the user, with scores ranging from 0 to 1200. Of course, the higher the score, the better, because it is easy for financial institutions to access this information.
So how do you get your credit record?
1. Your name, address, date of birth, previous address and ID number are required.
2. Contact a credit reporting agency, such as mycreditfile.com.au or checkyourcredit.com.au.
3. In case you are not in a hurry, you can wait for the credit file to be sent slowly, free of charge.
A copy of your credit file will be sent to you within 4.10 days.
On the English needed to do business at the bank
Is it difficult to express banking issues in English? Before you go to the bank, practice these important English expressions!
What do you want to do today:
Hello,I would like to. Hello, I think.
-open an account opening
-deposit a cheque deposits cheques
-withdraw cash withdrawals
-exchange money currency convertibility
-take out a loan offsetting loan
-ask about interest rates and bank charges inquiries about interest rates and bank charges
-get a monthly statement and check my balance gets monthly statement and query balance
Account opening:
I would like to open an account. I'd like to open an account.
How much will your opening deposit be? What's your deposit?
I have $200. It's two hundred Australian dollars.
Talk about different accounts:
1. Banks name accounts according to different service levels or characteristics. Generally speaking, as long as it involves many days of trading, it is the current account (cash account.)
2. I want to open an achiever account with my first pay check. I'd like to open an account with my first paycheck.
3. I gave notice for my 30-day account because I want to buy a car next month. As I want to buy a car next month, I have informed the bank to withdraw the money from my account for 30 days.
4. I love my call account because I can manage my money by calling the bank. I like my phone account because I can manage my property by calling the bank.
5. I placed my savings on fixed deposit to earn higher interest. I deposited my regular account for higher interest.
Foreign exchange:
What is the Dollars/Yen exchange rate? What is the exchange rate of the dollar against the Japanese yen?
How many Yen would I receive for US$500? How much yen can I exchange for five hundred dollars?
What commission do you charge to exchange currency? How much will you charge for currency exchange?
I / 39 like to purchase travelers cheques. I'd like to buy your traveler's checks.
Share transactions and overseas investments:
1. You may be interested in buying some shares or investing in other countries. In general, the bank will help transfer your asset "offshore".
2. If you need to transfer your assets to a foreign bank, you need to have the IBAN (International Bank Account Number international bank account number): I / 39 / like to send money overseas. Here is the IBAN number. I want to transfer the money abroad. This is my IBAN number.
Bank charges / service charges:
Banks make a profit by charging service charges and interest. You might ask the bank:
What interest rates do you offer on saving accounts? What is the interest rate on the deposit account?
Which investment account offers the best rate? Which investment account earns the best interest rate?
Borrowing:
1. To buy a house and apply for an home loan (housing loan (or a mortgage bond (mortgage bond)?
2. Students want to apply for study loan (student loans)?
3. To buy a car and apply for an vehicle finance (car loan)?
Credit card, debit card and overdraft:
1. Through credit card (credit card) can use credit (credit). When your debit card takes money out of your account, you can then use your credit card. When you pay by card, the amount is immediately debited (credited to your account).
2. Overdraft refers to the debit balance (debit difference in your account): My account is overdrawn by $1000! I have to pay a lot of interest. My account is overdrawn by $1000! I have to pay a lot of interest.
Self-help banking, online banking, mobile banking and telephone banking:
1. ATM (Automated Teller Machine (ATM) allows you to do most of the business on the computer side.
2. You can insert your debit card and then enter your PIN (Personal Identification Number password) and you can withdraw cash.
3. You can complete the bank transfer and set the stop orders (break-off order (or the debit orders (debt sheet).
Safe:
Safety deposit boxes are storage space for valuable items kept in an access-controlled room under tight security. A safe deposit box is a storage space where valuables are stored in a strictly safe room.
Related idioms are expressed as follows:
A penny saved is a penny earned. Saving money is making money.
Save for a rainy day! Prepare for the rainy day!
Look after the pennies and the pounds will look after themselves. Many a little makes a mickle。