Having a bank account in the us can make your life a lot easier.. The challenge is to open one without you being there. Ideally when going to the US to inspect the property make sure you open your US bank account then as they wont have a problem to open it just showing your passport. A lot of people have problems opening a bank account from Australia.
Having a holding account (a US foreign currency account with a bank in Australia can be very useful when transferring the money from it straight to an account set up with a bank directly in the US.
Bank of America are heavy chargers when it comes to transfers of cash and they set a max limit when transferring of 5k with a transfer fee of 25 each time this is done.
I believe the best way to transfer money and exchange it its OZforex or NZforex (see links at the bottom of this page)
To set up the HSBC account: the process takes approx two weeks after submission of application.The costs to set up the account are:In Australia $200 AUD In New Zealand $275 NZD this fees are payable on application.
Note that HSBC makes mandatory that you are an existing customer and hold an account with them for at least 3 months. Unless this criteria is not meet they will not process the account in the USA.
Useful link
http://www.us.hsbc.com/1/2/3/hsbcpremier/worldwide/buying
No comments:
Post a Comment