Aussie webmasters - where do you bank? - GoFuckYourself.com

Groove · 02-16-2005, 05:31 AM

Westpac used to charge me $10 to deposit four US$ cheques. Now
they want $10 per cheque if the cheques are from different banks!

Who do you bank with and what do they charge for US$ deposits?

Horny Guy · 02-16-2005, 05:42 AM

we bank at national i get charged $10 for 3 checks cleared on the spot no hold of funds ...but i think coz they no me its just like that coz the other NAB charges me $10 a check ...same with the westpac account i have

chodadog · 02-16-2005, 05:46 AM

I bank at ANZ. I get 4 or 5 done at a time for $15. But if you only bank one, it's still $15.

quantum-x · 02-16-2005, 05:48 AM

It's pretty standard.
I was with westpac, and they used to charge me $5 for as many cheuqes, and clear them instantly. You've just got to bank there frequently, have proof the cheques are good, be nice, and ask the right questions.

I'm with Suncorp now, and the same applies.

imafuckingaussie · 02-16-2005, 05:48 AM

I bank with those dicks at cba, but i have a deal with them, I get 7$ per batch from the same company, so it can work out pretty cheap. THey still suck camel dick though, as do all au banks.

Groove · 02-16-2005, 05:50 AM

Quote:

Originally Posted by chodadog

I bank at ANZ. I get 4 or 5 done at a time for $15. But if you only bank one, it's still $15.

Any idea the max number of cheques for $15?

lokiproductions · 02-16-2005, 06:06 AM

Are any of you guys running sites with merchant accounts for internet transactions on adult sites?

Seems Australian banks don't want to know about adult business online.

imafuckingaussie · 02-16-2005, 06:10 AM

Isnt it still ilegal to view porn on australian pc's or some shit anyhow from that dick politician from tassie? remember a few years ago he made a law? Might have been in relation to isps.

AWW - Kevin · 02-16-2005, 06:16 AM

Quote:

Originally Posted by chodadog

I bank at ANZ. I get 4 or 5 done at a time for $15. But if you only bank one, it's still $15.

same here, but they let me do just about any number for $15!

Horny Guy · 02-16-2005, 06:18 AM

been told that the national is the main one to see if you are wanting to online adult ...not sure how true that is

chodadog · 02-16-2005, 06:19 AM

Quote:

Originally Posted by Groove

Any idea the max number of cheques for $15?

Well, the little form thing that they fill out only has space for i think 4 or 5 cheque details. But after reading Kevin's post, i'll have to ask if they are prepared to do more. I get very few cheqes though. I rarely need to bank more than about 4 at a time. I get most of my payments wired.

lokiproductions · 02-16-2005, 06:19 AM

No.. viewing it isn't illegal.. having it on hosted on Australian servers is.. we're up there with Saudi Arabia and China in terms of internet laws.. swells my gonads with pride.. meanwhile Canberra (the political capital of OZ) is the only place where the three P's (Pot, porn and prostitution) are legal.. go fuckin figure.

lokiproductions · 02-17-2005, 03:03 AM

^^ bump ^^

arnette · 02-17-2005, 03:39 AM

CBA any number of checks at one time = $8
talk to your manager

rowan · 02-17-2005, 05:49 AM

Quote:

Originally Posted by Groove

Westpac used to charge me $10 to deposit four US$ cheques. Now
they want $10 per cheque if the cheques are from different banks!

Who do you bank with and what do they charge for US$ deposits?

If you've been doing it for a while then ask to speak to the manager. The Westpac policy seems to vary depending upon the branch and/or who happens to serve you. On top of that the procedure changes fairly frequently, I can recall about 4 changes since mid 2003. Back then it was $10 per cheque with each one considered an individual transaction.

Now I get an unlimited number of same currency cheques deposited for a flat $10. I did have someone new recently try to tell me that they needed to be sorted by bank rather than currency, but she backed off when I told her how they'd been doing it at that branch for 6 months.

quantum-x: interesting that you had the same thing for 5 bucks...

I'm considering opening an onshore foreign currency US dollar account, which means I can:

1. deposit up to 8 cheques for $15 (this fee is probably negotiable)
2. the balance is in US dollars so there's no conversion loss until you withdraw funds
3. when you do withdraw to your AUD account, you get the wire rate (eg $USD1000=$AUD1268.07) instead of the cheque rate ($USD1000=$AUD1259.46)

So you can sit on your funds until the dollar looks good, plus you get a slightly better conversion rate. On the minus side it will probably complicate tax affairs, and I'm not sure whether you get charged the $AUD8 wire receiving fee when you transfer funds from your USD to AUD account.

rowan · 02-17-2005, 06:40 AM

If I do end up getting a USD onshore account I'm going to record down what I would have received if I had deposited to my AUD account (which is converted on the spot), so in time I can see how much I've gained (or lost) through speculating currency fluctuations.

d00t · 02-17-2005, 06:42 AM

MY experience:

cba - $10/check
westpac - $10/check
anz - $15/check
credit unions - $5/check (50 checks or more)

all banks will charge 1 fee if the checks are going to the same US bank.
For example, my 9 LARS checks will cost me $10 for the lot because they are from the same bank.

I hate the hold times and the shitty conversion, its for this reason I only deal with sponsors paying via epassporte! - fuck the checks, takes too long.

Kevin2 · 02-17-2005, 07:04 AM

I spoke to my business manager at Wespac and she sorted it out that I only pay $10 for 4 cheques. I get the same deal at NAB.

rowan · 02-17-2005, 08:36 AM

Quote:

Originally Posted by d00t

I hate the hold times and the shitty conversion, its for this reason I only deal with sponsors paying via epassporte! - fuck the checks, takes too long.

Hold times and shitty conversion? I get mine converted on the spot and at a better rate than an epass withdrawal. Of course, if you are not declaring the epass income to the ATO then that is a much "better" rate. :graucho

02-16-2005, 05:31 AM	#1
Groove Confirmed User Join Date: Jan 2003 Posts: 3,852	Aussie webmasters - where do you bank? Westpac used to charge me $10 to deposit four US$ cheques. Now they want $10 per cheque if the cheques are from different banks! Who do you bank with and what do they charge for US$ deposits?

02-16-2005, 05:42 AM	#2
Horny Guy Confirmed User Join Date: Jan 2002 Location: Hervey Bay QLD Posts: 1,677	we bank at national i get charged $10 for 3 checks cleared on the spot no hold of funds ...but i think coz they no me its just like that coz the other NAB charges me $10 a check ...same with the westpac account i have __________________ Great hosting and Lots of Ip's

02-16-2005, 05:46 AM	#3
chodadog Confirmed User Join Date: Apr 2002 Posts: 9,736	I bank at ANZ. I get 4 or 5 done at a time for $15. But if you only bank one, it's still $15. __________________ 26 + 6 = 1

02-16-2005, 05:48 AM	#4
quantum-x Confirmed User Join Date: Feb 2002 Location: ICQ: 251425 Fr/Au/Ca Posts: 6,863	It's pretty standard. I was with westpac, and they used to charge me $5 for as many cheuqes, and clear them instantly. You've just got to bank there frequently, have proof the cheques are good, be nice, and ask the right questions. I'm with Suncorp now, and the same applies. __________________ PrettyInCash.com - BoozedGFs.com - TeenGFs.com - JizzGFs.com- MilfUploads.com -

02-16-2005, 05:48 AM	#5
imafuckingaussie Confirmed User Join Date: Jul 2003 Location: In the fucking outback Posts: 1,497	I bank with those dicks at cba, but i have a deal with them, I get 7$ per batch from the same company, so it can work out pretty cheap. THey still suck camel dick though, as do all au banks. __________________ You can get it ploughing a paddock, you can get it makin some porn sites, matter of fact I've got it now. For a hard earned thrist, you need a big cold beer.

02-16-2005, 06:06 AM	#7
lokiproductions Confirmed User Join Date: Jan 2005 Posts: 118	Are any of you guys running sites with merchant accounts for internet transactions on adult sites? Seems Australian banks don't want to know about adult business online.

02-16-2005, 06:10 AM	#8
imafuckingaussie Confirmed User Join Date: Jul 2003 Location: In the fucking outback Posts: 1,497	Isnt it still ilegal to view porn on australian pc's or some shit anyhow from that dick politician from tassie? remember a few years ago he made a law? Might have been in relation to isps. __________________ You can get it ploughing a paddock, you can get it makin some porn sites, matter of fact I've got it now. For a hard earned thrist, you need a big cold beer.

02-16-2005, 06:18 AM	#10
Horny Guy Confirmed User Join Date: Jan 2002 Location: Hervey Bay QLD Posts: 1,677	been told that the national is the main one to see if you are wanting to online adult ...not sure how true that is __________________ Great hosting and Lots of Ip's

02-16-2005, 06:19 AM	#12
lokiproductions Confirmed User Join Date: Jan 2005 Posts: 118	No.. viewing it isn't illegal.. having it on hosted on Australian servers is.. we're up there with Saudi Arabia and China in terms of internet laws.. swells my gonads with pride.. meanwhile Canberra (the political capital of OZ) is the only place where the three P's (Pot, porn and prostitution) are legal.. go fuckin figure.

02-17-2005, 03:03 AM	#13
lokiproductions Confirmed User Join Date: Jan 2005 Posts: 118	^^ bump ^^

02-17-2005, 03:39 AM	#14
arnette Confirmed User Join Date: Feb 2005 Posts: 283	CBA any number of checks at one time = $8 talk to your manager

02-17-2005, 06:40 AM	#16
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	If I do end up getting a USD onshore account I'm going to record down what I would have received if I had deposited to my AUD account (which is converted on the spot), so in time I can see how much I've gained (or lost) through speculating currency fluctuations.

02-17-2005, 06:42 AM	#17
d00t Confirmed User Industry Role: Join Date: Sep 2002 Location: In your mind Posts: 3,766	MY experience: cba - $10/check westpac - $10/check anz - $15/check credit unions - $5/check (50 checks or more) all banks will charge 1 fee if the checks are going to the same US bank. For example, my 9 LARS checks will cost me $10 for the lot because they are from the same bank. I hate the hold times and the shitty conversion, its for this reason I only deal with sponsors paying via epassporte! - fuck the checks, takes too long.

02-17-2005, 07:04 AM	#18
Kevin2 Confirmed User Join Date: May 2003 Location: Australia Posts: 1,429	I spoke to my business manager at Wespac and she sorted it out that I only pay $10 for 4 cheques. I get the same deal at NAB. __________________ Webmasters Trade Traffic!!!