2

I am going overseas for extended period of time. Gonna have overseas residential address, mailing address and non Australian phone number. But I want my life savings to be in Australia with access to them from other countries.

My current Australian bank does not send SMS to non Australian phone numbers and does not send cards outside of Australia.

Is there a bank or bank-like financial product, that supports such scenario? Ideally it should allow to prove my identity in different countries if need arises. I heard about Wise for example, will it help?

Besides being able to control my money remotely I am also worried that if my bank account in Australia gets frozen for some reason I will have to travel half the world to resolve the issue.

Improve this question
3
  • @user253751 they told me in the branch that they do not send anything out of Australia. Do you have Australian phone number?
    – eugenekr
    Commented Mar 22, 2023 at 21:37
  • @user253751 so you use your phone in roaming? how much does it cost to keep it running for receiving SMS from NZ?
    – eugenekr
    Commented Mar 22, 2023 at 21:40
  • @user253751, but don't you need some form of security confirmation when doing transfers or accessing profile or messaging your bank though internet banking? Like SMS, confirmation through app, or security device?
    – eugenekr
    Commented Mar 22, 2023 at 21:47

1 Answer 1

Reset to default
1

I lived in 3 different continents and I never had a problem with SMS being needed. There are email verifications, fingerprint logins or separate devices available.

For example, HSBC offer a device they call online security device. Barclays offers pinsentry in the UK (not sure about Australia) that I use frequently abroad without any problem.

Also, if you are from Australia, I am not sure why you would think your bank account should get frozen? Expats sites even encourage residents to keep their bank accounts when moving abroad.

The main issue will be costs in my opinion. Ultimately, even SMS will work everywhere you go, as long as you keep your phone.

Improve this answer
1
  • 1
    Because they did it to me once and they can do it out of the blue for example if their security department think that account was compromised.
    – eugenekr
    Commented Mar 22, 2023 at 12:18

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .