AU Bank Accounts
Bank Accounts Australia
Opening up a bank account is one of the first tasks you need to do when arriving in Australia on Working Holiday Visa’s. Like opening up bank accounts anywhere, it’s a tedious task and can get confusing thinking about charges and which bank has the most ATM’s (cash points for the British).
There are a few points to consider regarding bank accounts and money handling in Australia
In order to open a bank account you will need:
Please note that you can apply for a bank account online before you even arrive. You will still need to provide certain information including tax information.
Australia Banks & Bank Accounts – more information
*$4 monthly fee waived if you deposit $2000 per month. If you are 21 to 24 years old you will be exempt from monthly account fees if you deposit at least $1000 into the account each calendar month.
NAB (National Australia Bank)
A good bank to use if you are heading to work in New Zealand after Australia (or vice versa) is Westpac as it’s a prominent bank in both countries.
* No monthly account fee if you deposit at least $2,000 each month (other fees may apply).
Heading to New Zealand? Check out the NZ Bank Accounts here.
All information correct as of 26 January 2018