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Old May 9th, 2004, 08:00 AM
A Mate
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Default multi-currency bank accounts?

All Australian banks offer accounts in other currencies (the AUD floats
free) - but they're not suitable for everyday operational acounts (for a
start most offer lower lower interest rates - whatever the reference rate is
for that currency - 0% for the yen; etc- plus fees. The AUD is amongst the
highest reference interest rates for free floating currencies at the
moment).

Deposit boxes are available, but realistically you'd only put exceptionally
valuable jewels etc in them. Safe custody is available everywhere (I mean
in every town with a bank of any kind) for documents etc.

Frankly - I suspect I've responded to a bull**** post!!!!


"4000 psi" wrote in message
news:V0gnc.18692$ph.18202@fed1read07...
banks such HSBC offer multi-currency accounts ... has anyone ever used
it/them and does that work for everyday life's expenses? also, are safety
deposit boxes a common service that the banks provide in AUS? thank you!