by riverman » Sat Dec 24, 2016 4:11 pm
My current setup (with the 'other ' bank) is this: I have a savings account and each month the cc bill is automatically deducted from that account. On average I keep 2-300 USD in that account.
From you posts I understand, if not mistaken, that your setup is different. No automatic deduction. You transfer each month the needed amount. How does this work? Does the bank email/mail you the bill whereupon you transfer? Or you estimate the approximately needed amount and transfer it on your own before the due date? My 'other' bank sends me a monthly statement with the account activities and balance.
I ask this seemingly nerdy question as my current system is working well given the fact that I travel regularly and wont be around on the given dates. Added to that I m very much scared of internet banking after having been hacked more than once.
Having compared the ANZ, Canadia, and ABA websites I find that ANZ is a bit out of its mind demanding a minimum 10K USD deposit to start business with with them (term deposit) while offering a rather low interest rate. ABA looks to me the best deal right now - even more so in view of the positive feed back here. All very helpful. Thanks again.
My current setup (with the 'other ' bank) is this: I have a savings account and each month the cc bill is automatically deducted from that account. On average I keep 2-300 USD in that account.
From you posts I understand, if not mistaken, that your setup is different. No automatic deduction. You transfer each month the needed amount. How does this work? Does the bank email/mail you the bill whereupon you transfer? Or you estimate the approximately needed amount and transfer it on your own before the due date? My 'other' bank sends me a monthly statement with the account activities and balance.
I ask this seemingly nerdy question as my current system is working well given the fact that I travel regularly and wont be around on the given dates. Added to that I m very much scared of internet banking after having been hacked more than once.
Having compared the ANZ, Canadia, and ABA websites I find that ANZ is a bit out of its mind demanding a minimum 10K USD deposit to start business with with them (term deposit) while offering a rather low interest rate. ABA looks to me the best deal right now - even more so in view of the positive feed back here. All very helpful. Thanks again.