Bank bills

Discussion in 'Loans & Mortgage Brokers' started by ellejay, 2nd Nov, 2016.

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  1. ellejay

    ellejay Well-Known Member

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    Can anyone help me access this?
     
    ellejay, 2nd Nov, 2016
    #1
  2. balwoges

    balwoges Well-Known Member

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    Yes, your bank ...
     
    balwoges, 2nd Nov, 2016
    #2
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  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    I don't understand what you want Ellejay
     
    Terry_w, 2nd Nov, 2016
    #3
  4. Mooze

    Mooze Well-Known Member

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    Trying to get finance via a bb or higher rate for deposit via bb?

    BB's were very handy pre gfc. nowhere near as much of a market now. if you're looking to purchase one you're local big 4 should be able to talk to their retail global markets officers. Min used to be 100k but it's been a while since I worked in that area
     
    Mooze, 2nd Nov, 2016
    #4
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  5. D.T.

    D.T. Specialist Property Manager Business Member

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    My bank sends me a bill every month :(
     
    D.T., 2nd Nov, 2016
    #5
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  6. Corey Batt

    Corey Batt Well-Known Member

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    Why do you want a bank bill based product in particular compared to normal commercial options? You still see these floating about for commercial loans and some lenders will still base their lending on them, with a bank bill rate + line fee + account fees. Whilst a bank bill interest rate by itself can appear cheap, by the time you factor in all the associate costs they generally sit around the normal rate and many cases above.
     
    Corey Batt, 2nd Nov, 2016
    #6
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  7. ellejay

    ellejay Well-Known Member

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    Mooze got it pretty easily.
     
    ellejay, 2nd Nov, 2016
    #7
  8. ellejay

    ellejay Well-Known Member

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    Thanks, didn't realise that.
     
    ellejay, 2nd Nov, 2016
    #8
  9. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Didn't you see his question?
     
    Terry_w, 2nd Nov, 2016
    #9
  10. ellejay

    ellejay Well-Known Member

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    No, I didn't see it o_O
     
    ellejay, 2nd Nov, 2016
    #10
  11. Glorion

    Glorion Well-Known Member

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    The trick is to look out for the identifier, in this case it's a "?"
     
    Glorion, 3rd Nov, 2016
    #11
  12. ellejay

    ellejay Well-Known Member

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    Clever post. I saw the question and had already received a comprehensive and non patronising response to my question so all good now. Thanks.
     
    ellejay, 3rd Nov, 2016
    #12
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