Setting up a bank account

Choosing a bank is not always straight forward so do your research online or drop into the branch to ask questions.

The four major banks in Australia are Commonwealth BankWestpacANZ and the National Australia Bank, but there are a range of other smaller, reputable banks including Bank of Melbourne, ING and Bendigo Bank to name a few. Each bank has different account options and products to meet your needs. We recommend you do your research before deciding on a bank. You might like to consider:

  • Number of ATMs available
  • Transaction and withdrawal fees
  • Setup fees
  • Ease of transferring money from home

For comprehensive information about opening a bank account in Australia visit this comparison site. You can also see:

Opening an Australian bank account

  • Outside Australia

    To open a bank account from outside of Australia you will need:

    • The expected date of your arrival
    • Your proposed address while living in Australia
    • The details of your visa
    • Your current passport (with arrival date stamped by Australian immigration)
    • A Student ID card
    • Money to deposit into the account (this can be as little as $10).

    For more information, we advise you visit this comparison site or contact the banks directly.

  • Inside Australia

    To open a bank account in Australia you will need:

    • Your current passport (with arrival date stamped by Australian immigration)
    • A Student ID card
    • Money to deposit into the account (this can be as little as $10).

    Most banks will allow you to set up an account online, however each bank will differ.

    For more information, we advise you visit this comparison site or contact the banks directly.