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  • #1,181
  • Oct 5, 2010 9:17pm Oct 5, 2010 9:17pm
I belive in giving credit where its due, and I have just opened a live account with Go Markets and I sent my funds to the wrong account, all the way the staff at Go Markets have helped in every way they can..

Great job guy's I look forward to a long relationship...

Thanks Chris

Glenn
  • #1,182
  • Oct 5, 2010 11:53pm Oct 5, 2010 11:53pm
Hi guys,

I would like to open a bank account with NAB(same branch as GoMarkets).
Can it be done for a foreigner and if yes, what is the minimum deposit required?

Appreciate anyone in the know can help to answer my question.

Thanks
  • #1,183
  • Oct 6, 2010 8:48am Oct 6, 2010 8:48am
Quoting goldcourse
Hi guys,

I would like to open a bank account with NAB(same branch as GoMarkets).
Can it be done for a foreigner and if yes, what is the minimum deposit required?

Appreciate anyone in the know can help to answer my question.

Thanks
best to call the National Australia Bank about that one champ......... I have no idea!!!
  • #1,184
  • Oct 6, 2010 9:09am Oct 6, 2010 9:09am
Quoting >Apocalypto<
best to call the National Australia Bank about that one champ......... I have no idea!!!
Also check out NAB's website at http://www.nab.com.au/
  • #1,185
  • Oct 6, 2010 10:47am Oct 6, 2010 10:47am
Quoting >Apocalypto<
best to call the National Australia Bank about that one champ......... I have no idea!!!
Apocalypto,

Thank you for your reply. I will do that if no one can answer it.
  • #1,186
  • Oct 6, 2010 10:48am Oct 6, 2010 10:48am
Quoting cica515
Also check out NAB's website at http://www.nab.com.au/
cica515,

I did browse the website but I didn't find any mention about foreigner details.

Thanks
  • #1,187
  • Oct 6, 2010 12:17pm Oct 6, 2010 12:17pm
You need to be an Australian resident to open an account with the NAB.
Quote
The products and services described in this site are available only to Australian residents and in relation to property in Australia. Applications from people other than Australian residents will not be accepted.
http://www.nab.com.au/wps/wcm/connec...e/About_Us/9/6

They do have options for people migrating to Australia or international students, but I don't think you would be able to make use of these either.
  • #1,188
  • Oct 6, 2010 2:32pm Oct 6, 2010 2:32pm
Quoting goldcourse
cica515,

I did browse the website but I didn't find any mention about foreigner details.

Thanks
CBA is accepting foreigners as long as they have the right documentation provided and you are physically at the branch to open an account. So if CBA is doing deals with foreigner I really could not imagine that one of the other remaining parrot called NAB is not interested in opening an account. After all you give them money so they can lend your deposited money ten fold out to the Australian folks attached with an ultra high interest.

Cheers
  • #1,189
  • Oct 6, 2010 5:05pm Oct 6, 2010 5:05pm
Quoting goldcourse
Hi guys,

I would like to open a bank account with NAB(same branch as GoMarkets).
Can it be done for a foreigner and if yes, what is the minimum deposit required?

Appreciate anyone in the know can help to answer my question.

Thanks

goldcourse,
As far as I know you can open 2 accounts with GoM. One for trading and one for moving money in and out of your trading account. Don’t make any decision ‘til GoM replys to your post.
  • #1,190
  • Oct 6, 2010 6:51pm Oct 6, 2010 6:51pm
Quoting Peter-FX
goldcourse,
As far as I know you can open 2 accounts with GoM. One for trading and one for moving money in and out of your trading account. Don’t make any decision ‘til GoM replys to your post.
Peter-FX,

Thanks for your suggestion but that is not my plan because if both accounts are with GoM and 'if' they go bust our money in #2 account will also go down.

The reason I want to open a bank account at the same branch with GoM is to park the money there to fund the trading account when the need arises and to transfer fund into it from the trading account.

If this option is not available, then I have to find other alternatives.
  • #1,191
  • Oct 6, 2010 6:55pm Oct 6, 2010 6:55pm
Quoting Pipstrumpf
CBA is accepting foreigners as long as they have the right documentation provided and you are physically at the branch to open an account. So if CBA is doing deals with foreigner I really could not imagine that one of the other remaining parrot called NAB is not interested in opening an account. After all you give them money so they can lend your deposited money ten fold out to the Australian folks attached with an ultra high interest.

Cheers
Pipstrumpf,

Yeah, you got a point there and NAB should follow suit.
  • #1,192
  • Oct 6, 2010 6:56pm Oct 6, 2010 6:56pm
Quoting Blackrose
You need to be an Australian resident to open an account with the NAB.
http://www.nab.com.au/wps/wcm/connec...e/About_Us/9/6

They do have options for people migrating to Australia or international students, but I don't think you would be able to make use of these either.
Blackrose,

Thanks for the info.
  • #1,193
  • Oct 6, 2010 7:00pm Oct 6, 2010 7:00pm
Quoting goldcourse
Peter-FX,

Thanks for your suggestion but that is not my plan because if both accounts are with GoM and 'if' they go bust our money in #2 account will also go down.

The reason I want to open a bank account at the same branch with GoM is to park the money there to fund the trading account when the need arises and to transfer fund into it from the trading account.

If this option is not available, then I have to find other alternatives.
goldcourse,

No bank in this world will open a bank account in your name over the net.
You need to ring NAB and ask them if they would accept you to open a account in physical presence. That simple, the online thingy is only working once you are a customer of a bank.
  • #1,194
  • Oct 6, 2010 7:02pm Oct 6, 2010 7:02pm
Quoting goldcourse
Peter-FX,

Thanks for your suggestion but that is not my plan because if both accounts are with GoM and 'if' they go bust our money in #2 account will also go down.

The reason I want to open a bank account at the same branch with GoM is to park the money there to fund the trading account when the need arises and to transfer fund into it from the trading account.

If this option is not available, then I have to find other alternatives.

goldcourse,
There is one other option; that is to open a PayPal account under the same name as your GoM account. You are able to transfer money within the hour and sometimes minutes, as long as GoM is open. So you would need to be aware of the different opening hours between Malaysia and Australia.
  • #1,195
  • Oct 6, 2010 7:31pm Oct 6, 2010 7:31pm
Quoting Pipstrumpf
goldcourse,

No bank in this world will open a bank account in your name over the net.
You need to ring NAB and ask them if they would accept you to open a account in physical presence. That simple, the online thingy is only working once you are a customer of a bank.
I agree that I need to be physically present for the opening of the account if NAB allows me .

Thanks
  • #1,196
  • Oct 6, 2010 7:33pm Oct 6, 2010 7:33pm
Quoting Peter-FX
goldcourse,
There is one other option; that is to open a PayPal account under the same name as your GoM account. You are able to transfer money within the hour and sometimes minutes, as long as GoM is open. So you would need to be aware of the different opening hours between Malaysia and Australia.
Paypal is only good for funding the trading account but not for transferring fund from trading account back to paypal. Correct me if I'm wrong.
  • #1,197
  • Oct 6, 2010 7:45pm Oct 6, 2010 7:45pm
Quoting goldcourse
Paypal is only good for funding the trading account but not for transferring fund from trading account back to paypal. Correct me if I'm wrong.

My understanding is:
1. You tell PayPal to transfer money from them to GoM, and they do that, within seconds.
2. At Pay Pal under “Request Money” you can send an email to GoM and request them to pay the amount you want. And GoM say that as long as the account name is the same they will pay the amount.
  • #1,198
  • Oct 6, 2010 8:08pm Oct 6, 2010 8:08pm
Quoting Peter-FX
My understanding is:
1. You tell PayPal to transfer money from them to GoM, and they do that, within seconds.
2. At Pay Pal under “Request Money” you can send an email to GoM and request them to pay the amount you want. And GoM say that as long as the account name is the same they will pay the amount.
Can GoM confirm #2 ? That will be superb.

Thanks Peter-FX
  • #1,199
  • Oct 6, 2010 8:24pm Oct 6, 2010 8:24pm
For what it's worth, I (Being an NZer), opened accounts in Australia with CBA and ANZ without being in Oz. I just faxed the Documents over and it was ok. This was about 4 or 5 years ago mind, so the regs might have changed.
FF journal: Peaks and Troffs
  • #1,200
  • Oct 6, 2010 8:50pm Oct 6, 2010 8:50pm
Quoting goldcourse
Can GoM confirm #2 ? That will be superb.

Thanks Peter-FX

GoM has partly answered this before see below.
They must be on holiday today, hence no answers.

http://www.forexfactory.com/showpost.php?p=4045268&postcount=1081
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