If you're under 18, you need your parents to act on your behalf. I got my first shares at 10 I think (I was in Year 4).
What bank are you with? (1 Viewer)
- Thread starter dukeofduke
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Flop21
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Why would anyone want a credit card this young?
Chronost
Ex CAG auditor - current CAG deal-maker
we were talking about cards after someone finishes up with their student card (because of fees) which would be after uni and hench old enough for many to start using a credit card.
I'm 18 and i already have one, but that's probably a rarer case since I earn a fair amount already from my job and wish to secure a credit rating early.(plus convienence)
OzKo
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If you use it properly, it's a fabulous cash flow tool.
I just cant stand debt of any kind.
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lol gl when you get a mortgage
Rephrase, I like to avoid debt as much as possible.
Chronost
Ex CAG auditor - current CAG deal-maker
Yes you did...and you also mentioned your debit card with no fees.(to which you also mentioned after school)
Let's just leave it at that.
Chronost
Ex CAG auditor - current CAG deal-maker
You get a card by default when you open an account like that (thus they are interchangable, as you cannot have a card without a bank account, and there's no point in opening an everyday bank account without getting a card to use), it's more the fact that you have to ask them specifically (for whatever reason, i don't know why you would anyways) not to give you one . This is a simple forum where discussions are held and this is nothing to be aggravated about, caps lock does you no good.
Crobat
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I'm with ANZ because my mother did it all for me when I was like 8 but it seems the party's over at CBA. I want to make a switch (mainly to get some access to Commsec) but not sure how to go about it...
Chronost plz help.
Chronost plz help.
Chronost
Ex CAG auditor - current CAG deal-maker
You can open a commsec account seperately and still link your ANZ account to it, your funds transfer will just be a bit slower but that shouldnt be a worry unless you're selling and trading daily.(which i hope you wont be doing!)
Chronost
Ex CAG auditor - current CAG deal-maker
That was simple to understand. But ok , good work.
Chronost
Ex CAG auditor - current CAG deal-maker
Bet you have shares in CBA too
seremify007
Junior Member
Also I'd recommend Op consider the importance of features like iPhone/Android banking, NFC support, the quality of the website, etc... typically the Big 4 banks are great for that, and the bits where they're usually not as great of fees or interest return is less applicable if you're a student (i.e. typically fee-free without a huge amount of savings for the interest rate differential to matter).
I personally am with Citibank and up until recently, their website was atrocious to use. The iPhone app as well is very primitive in comparison to the local banks and there's no easy way to make a payment without the account details (i.e. no phone/email deposits to your mates), and difficult to get transaction history records saved/printed if you did the transfer on another device. As for why I'm with Citi? It's because I have a relationship managers in a few countries which I work in, can transfer funds in/out of each country, they support true overnight accounts in multiple currencies and I can access certain functions in the bank very easily. My needs are probably less reflective of the typical person or student but Citi serves me well.
I personally am with Citibank and up until recently, their website was atrocious to use. The iPhone app as well is very primitive in comparison to the local banks and there's no easy way to make a payment without the account details (i.e. no phone/email deposits to your mates), and difficult to get transaction history records saved/printed if you did the transfer on another device. As for why I'm with Citi? It's because I have a relationship managers in a few countries which I work in, can transfer funds in/out of each country, they support true overnight accounts in multiple currencies and I can access certain functions in the bank very easily. My needs are probably less reflective of the typical person or student but Citi serves me well.
obliviousninja
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