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| Thread ID: 64244 | 2005-12-08 18:20:00 | A bit of a Bank - Tax fiddle | Eric Richards (6226) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 411422 | 2005-12-09 23:15:00 | There is a small fee paid for a cash advance on a credit card, $1 at Westpac, but interest at 19.95% is charged straight away from the date of the advance. But if you paid for the item on the credit card, instead, then you have 55 days to interest free in which to pay off. www.westpac.co.nz With credit card interest rates so high, it is important to aim to pay everything off each month, if you possibly can. The banks of course do everything they can to try and get you in debt, and then keep you in debt, like they keep tempting you with ever increasing credit limits, or loans, or flashier credit cards. I'm one of their worst customers, they never get any interest payment from me, and being a pensioner, only pay maintenance and annual fees, transaction fees are waived! |
Terry Porritt (14) | ||
| 411423 | 2005-12-10 03:02:00 | Being under 18 I get 5% interest and no fees for anything at all. If anyone likes I could look after their money for them ;). Although I don't seriously expect ANYONE here to trust me that much I actually would do that :D. |
george12 (7) | ||
| 411424 | 2005-12-10 03:42:00 | George12, why not look after my money?, if I didn't get it back, there is the return of a contract killer amongst us! who might take of any business. Eric, get a cottage industry going, make somethng with those fingures of yours and create a tax loss with overspending on use of home office, mileage allce and all those other little expenses. Did it for 5 years for the wifey, not enough to retire on though. Terry, have you noticed the banks are now stinging us $5. for setting up automatic payments, should have gone the other way and seen if it was payable to a bank account through the internet. Lurking. |
Lurking (218) | ||
| 411425 | 2005-12-10 04:58:00 | In that case it's time to promote the Honest Dewar Money-sitting Service. For absolutely nothing you can deposit your savings into my account (details PMable), and earn 4% interest, free of fees. Following your interest, you will receive a signed note to the effect that you have my written permission to set a contract killer on me if you don't get the money plus interest back whenever you like. What do I get out of it? To FEEL rich from having a few G's sitting in my savings account, and the extra 1% interest :p. |
george12 (7) | ||
| 411426 | 2005-12-10 05:15:00 | Being under 18 I get 5% interest and no fees for anything at all. I pay no fees at all either and I get interest, but I am well over 18 (but not retirement age). I simply had "meaningful negotiations" with the bank several years ago when they made a serious error. I merely made them an offer they couldn't refuse. The "no future fees" was just part of the "offer", I also charged them for the time and trouble they put me to. They paid. As has been stated in these columns many times before, usually by Billy T, its a matter of being polite, persistent and knowing your facts. |
godfather (25) | ||
| 411427 | 2005-12-10 07:51:00 | It pays to shop around on bank fees. Some banks have fee rebates that are not widely advertised. BNZ offer fee free cheque accounts if you do a certain amount of business with them, The figure used to be $75,000. This can include savings accounts, term deposits, unit trusts, overdrafts and mortgages. | tutaenui (1724) | ||
| 411428 | 2005-12-10 09:38:00 | It pays to shop around on bank fees. Some banks have fee rebates that are not widely advertised. BNZ offer fee free cheque accounts if you do a certain amount of business with them, The figure used to be $75,000. This can include savings accounts, term deposits, unit trusts, overdrafts and mortgages. With PSIS its $500. |
pctek (84) | ||
| 411429 | 2005-12-10 10:28:00 | With PSIS its $500. But to be pedantic, PSIS is not actually a bank. |
godfather (25) | ||
| 411430 | 2005-12-10 10:33:00 | And you can set up a revolving credit account. The bank pays you interest when you are in credit (say 3%) and charges you interest when you are in debit (say 9%). Basically it is a big overdraft. Better than having a number of accounts but of course only of use if you need to borrow money. | Winston001 (3612) | ||
| 411431 | 2005-12-10 19:22:00 | I simply had "meaningful negotiations" with the bank several years ago when they made a serious error. I merely made them an offer they couldn't refuse. The "no future fees" was just part of the "offer", I also charged them for the time and trouble they put me to. They paid. . What was the serious error? |
pctek (84) | ||
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