Title: How to Open a Bank Account in Australia from Overseas
Headings: How to Open an Australian Bank Account Online from Overseas
How to Open an Australian Bank Account Online from Overseas
In five short steps, here’s the easiest way to open an Australian bank account online:
Can I open an Australian bank account online from overseas?
Yes. You can open a bank account online in Australia without any problems.
What documents do I need to supply to the bank?
What are my options?
Wise Borderless Account
How to choose the right account for you
Cheque, Savings or Credit?
Best option when you're on a Working Holiday Visa
Best option for Expats
Opening a Bank Account in Australia from New Zealand
What are the fees of opening an Australian bank account online from overseas?
ANZ (Australia and New Zealand Bank)
$5/month
$100 upfront for an overdraft of <$20,000
Commbank (Commonwealth Bank)
$4/month, 12 months free with new account
$15 per account per day overdrawn
NAB (National Australia Bank)
$0
$0
Westpac
$4/month; 12 months free with new account
$15 per account per day overdrawn
ANZ, Commonwealth Bank and Westpac waive their monthly fees if you:
ATM fees
Some ATM fees for commonly used banks in Australia:
International transfer fees
How can I transfer money to Australia without a bank account?
Revolut
Starling Bank/ Monzo/ N26

Content: Here's our take on them: Cheque – A standard current account for everyday purchases. Linked to your EFTPOS or debit card, money will be deducted from your current account. Savings – A savings account is a great option to put some money aside and is usually opened together with a current account. This account allows you to earn some interest on the money you're holding in your account. Credit – A credit card will be harder to get in Australia and dependent on more factors than a cheque or savings account. If you do wish to get one, it will need to be a few months after you’ve settled in Australia so the bank can monitor your financial trends. Best option when you're on a Working Holiday Visa
If you’re travelling on a Working Holiday Visa then you here’s a quick breakdown of what you can apply for when you’re here: Westpac has a separate Migrant Banking section online. You’ll need to fill in the application form specifically in this section to open a current account.