Jimbob Posted November 9, 2015 Report Share Posted November 9, 2015 Hi, I'm moving to Perth in April with my small family and in preparation have set up an offshore currency account so that i can start to hold Aussie dollars while the exchange rate is good for the pound. What i'd like to know is if there is any way of setting up a Aussie current account (while i'm still in the UK) that would allow me to take my UK credit rating with me. We'll be staying with in-laws when we arrive so once we're set up with jobs the hope is we can buy a house quite soon, but i imagine a good credit rating is essential (?) and i'm not sure how i'd be able to achieve one in a short space of time? We would appreciate any words of wisdom on this subject. Many thanks. Quote Link to comment Share on other sites More sharing options...
ali Posted November 9, 2015 Report Share Posted November 9, 2015 You start from scratch when it comes to credit rating. You can open an aussie account whilst in the UK, we did so with Westpac and the other banks will do this also. You'll be able to transfer money in but not withdraw until you land and actually physically go in to activate the account. Quote Link to comment Share on other sites More sharing options...
Nigel Abery Posted November 10, 2015 Report Share Posted November 10, 2015 I would not worry about having a "good credit rating" in Australia. Firstly you will not bring any credit rating good or bad with you from overseas. Secondly, you only need to worry if you have bad credit (unpaid debts) on your file. Quote Link to comment Share on other sites More sharing options...
Jimbob Posted November 11, 2015 Author Report Share Posted November 11, 2015 Thank you for your responses. Quote Link to comment Share on other sites More sharing options...
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