How to open a Bank Account and Access U.S. Credit – Even before you arrive in the U.S.!

It is a known fact that thousands of Australians obtain Green Cards and U.S. work visas every year.  Most have a credit card, and some have mortgages on their Australian property.

However, one of the main challenges facing these Australian expats every year is how to open a Bank account, let alone access U.S. credit without a U.S. Credit Score.

Solution: Members of The Australian Community can access HSBC's expat banking solutions for opening bank accounts, credit cards and event expat home loans!

Bank Accounts and Credit Cards:

Some credit card companies will issue Australians with a U.S. credit card, to assist them build a credit score.  However, credit cards are only half of the banking equation: You also need a U.S. bank account for money transfers and day to day banking needs.

The Australian Community recognized this challenge and in 2012 introduced a program where Australians arriving in the U.S. can open bank accounts and obtain a U.S. credit card through HSBC's Premier and Advance expat platforms, even if they were not existing customers and without a Social Security Number.

For members in Australia who are on the way, they can open a local account with HSBC and then receive a U.S. credit card to use, and build a credit history, before they arrive in the United States.

This is a unique program to access a U.S. credit card and start building a U.S. credit score.

Home Mortgages:

Under this program our members can also access US Home Loans even if they do not have the 2 year work or credit history or a Social Security Number!.

  • HSBC may finance up to 75% for a primary home, cash out up to 70%
  • HSBC may finance up to 70%, as a second home, condo, co-op, one family etc, cash out up to 65%
  • HSBC may finance up to 60% on an investment property

For those members who have not yet left Australia, you can obtain a US credit card before you arrive in the US and thereby build a US credit score through your daily purchases in Australia!

These programs are being managed by our HSBC Relationship Managers in New York.  You can use the form below to have a Senior Relationship Manager or Mortgage Consultant contact you with all of the details.

Assisting our members overcome the challenges of living in the US is core our Mission.  Providing a way for our members to not only access credit in the US, but to build a US credit score whilst still in Australia makes perfect sense, and is an added value to joining our organization.

Building a credit score while still in Oz is a convenient credit offering from HSBC. Also if you are looking to purchase a property in the U.S. and you do not have a credit history, HSBC is geared to help expats get a mortgage.

At the end of the day it is personal choice and which bank offers you the best service, interest rate etc. is best decided by doing your own due diligence.

Foreign Exchange (FOREX):

If you are transferring money between Australia and the U.S. (or any of more than 30 countries), check out the preferred rate that The Australian Community has negotiated with OFX (formerly OzForex).  Click here to see how much money you could be saving over your existing Bank or online FOREX service.

Please complete the form below to be contacted by a HSBC representative to discuss your credit needs. 

#OzDayNYC Black Tie Awards 2018

2018 #OzDayNYC Black Tie Gala

 

It was a star studded #OzDayNYC Black Tie Awards on Friday January 26th 2018 to recognize Australians who have donated their time and talent to assisting our non profit in its charitable mission.

#OzDayNYC is a re-envisioning of an Australia Day Black Tie Gala:  It is a modern celebration of Australian philanthropy and culture.  It is an opportunity for our Community to come together and celebrate being an Australian living in New York.

The format of the evening is an opportunity to mix and socialize throughout the event - and into the early hours at the After Party in the Long Hall Bar on the ground floor!

HONOREES

SULLIVAN STAPLETON & STELLA PULO 

RECIPIENTS

In addition to our Honorees, the evening included an awards ceremony to recognize Australians Artists who have assisted The Australian Community in 2017.

The Australian Community recognized Amanda Bishop, Ben McHugh, Marika Aubrey, Nick Hardcastle, Kaye Tuckerman and Jeremy Youett.

THE MUSIC

Internationally acclaimed Australian classical guitarist Rupert Boyd gave a special performance.

The Australian Community's Top 100 Playlist featured throughout the evening.

We appreciate the support of our Sponsors and donors who have made this event possible.  If you would like to make a tax deductible donation to support our organization, click here.

100% of donations go directly to assisting our programs in 2018.

GALLERY

#OzDayNYC 2018

JOIN THE AUSTRALIAN COMMUNITY

LEARN ABOUT U.S. TAXES

MOVING TO THE U.S.?

IS THIS THE BEST FOREX RATE AVAILABLE TO AUSSIES?

OPEN BANK ACCOUNTS AND ACCESS U.S. CREDIT

CONNECT WITH OUR PRIVATE PROFESSIONAL NETWORK

ANSWERS TO COMMON AUSSIE EXPAT QUESTIONS

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The Australian Community is a 501(c)(3) public charity and is qualified to receive tax deductible donations, bequests, devises, transfers or gifts under Sections 170, 2055, 2106 or 2522 of the IRS Code.

5 reasons why the E3 visa is not going away anytime soon.

Since the new Administration has signaled sweeping changes to the US’s policy on immigration, The Australian Community has been approached by many of its members who are concerned that the E3 visa may be abolished.

Clearly they are concerned about the potential economic and social impact that this will have on thousands of Australians living and working in the US.

Continue reading “5 reasons why the E3 visa is not going away anytime soon.”

Announcing The Australian Community Corporate Sponsorships!

In response to companies wishing to better connect with The Australian Community’s events, and expat services for their Australian employees, we have good news!

Our Corporate Membership classes promote closer engagement between sponsors and thousands of Australians in the US.  We also provide bespoke in-house seminars to educate Australian employees on overcoming the challenges facing expats living in the US.

Sponsors also receive benefits including access to our private Yammer social network, professional introductions, and complimentary tickets to our member-only events. Continue reading “Announcing The Australian Community Corporate Sponsorships!”

Our first networking event of 2017 included a private shopping experience on Fifth Avenue, NYC!

It was a packed house with members attending an exclusive networking event and private shopping experience at Microsoft’s Flagship Store on Fifth Avenue.

In January 2016, The Australian Community officially launched its Private Enterprise Social Network powered by Yammer at the Microsoft Store.  Since then, our Yammer Network has grown to the largest Australian private network in North America and contains a searchable knowledgebase built on the experiences of over 5,000 members who have connected with our organization since 2011.

Continue reading “Our first networking event of 2017 included a private shopping experience on Fifth Avenue, NYC!”