Great for SMSF cash
A little longer to open an account then I expected. But once in its great! Get an email every time rates change either up or down so I can talk it through with my husband and move to other options as soon as it happens. The token for security is good but a bit old fashioned. Its easy to switch the cash to Term Deposit in their internet banking.
RaboDirect in the SMSF or Superannuation category is a bit misleading as they do not offer Self Managed Superannuation Funds (SMSF) or retail superannuation. They do offer bank accounts that a SMSF can open.
I am an administrator of SMSF and looked into the possibility to set up accounts with RaboDirect with my company called Superannuation Warehouse.
The problem is RaboDirect does not have a branch network. So if you have a manual cheque to deposit, you can't do it.
A summary of year end transactions is also not downloadable in electroni...
Questions & Answers
Sorry, there are no questions yet.
ProductReview.com.au has affiliate partnerships. These do not influence our content moderation policies in any way, though ProductReview.com.au may earn commissions for products/services purchased via affiliate links.