Opening an Australian bank account is one of the first things to do after you arrive — it's where your wages are paid, and you'll need it for rent, bills and everyday spending. As a new arrival you can usually open one quickly, and often before you even land.
The main banks
Australia's largest banks all offer everyday transaction accounts with fee options suited to students and new arrivals:
- Commonwealth Bank (CommBank)
- ANZ
- Westpac
- NAB
Many have branches and ATMs across Melbourne, and all offer mobile apps. Compare monthly fees (often waived for students or under a certain age), ATM access and whether international transfers are easy and affordable.
Open before or after you arrive
Before you arrive: Most banks let you open an account online up to a few months before moving to Australia, using just your passport. Your money can be deposited, and you collect your card and verify your identity at a branch once you're here.
After you arrive: You can also walk into a branch. Bring your identity documents and, ideally, your local address so they can post your card.
What you'll usually need
- Your passport (primary photo ID).
- Your visa details.
- An Australian residential address (for posting your card and statements).
- Your Tax File Number — not required to open the account, but give it to the bank once you have it so interest isn't taxed at the top rate. See how to get a TFN.
After your account is open
- Activate your card and set up the banking app.
- Add your card to your phone's wallet for tap-to-pay.
- Give your account details (BSB and account number) to your employer so your wages can be paid in.
- Set up your TFN with the bank when it arrives.
Stay safe: Banks will never ask for your full password or a one-time code by phone, text or email. Never share these, and be cautious of anyone offering to "help" by using your account — that can make you part of a scam.
Once your account is running, you're set up for work, rent and everyday life in Melbourne.