How to open an Australian bank account ?

To open an Australian bank account you can follow these steps, we made it esy for you :

Why open an Australian bank account ?

Opening a bank account in Australia can help you on several points and it’s even necessary if you plan to work in the country. These are the points for which it is important to have an Australian bank account : 

  • Avoid using the credit card from your country and pat taxes or extra fees
  • Being able to receive a salary from an Australian company
  • Allow money to be transferred at a lower cost from your account to your Australia account
  • Withdraw money from an ATM without caring about fees
  • Make online purchases
  • Simplify procedures in the event of a credit card loss

Which bank to choose for your bank account ?

There are a lot of banks in Australia. They offer almost all the same services, but each bank may have its own peculiarities, it is necessary to take into account certain criteria for your new bank account such as:

  • The bank coverage across Australia
  • Whether the bank charges are fixed or not
  • The possible partnerships with banks in your country

The main banks in Cairns :

Address: 63/65 Lake St, Cairns City QLD 4870

Address: Located in the Shopping Center

Address: 76 Lake St, Cairns City QLD 4870

Address: Located in the Shopping Center

Each of them at 5 or 10min from the Cairns Sharehouse office!

What documents do you need to open a bank account ?

When you arrive in your bank to open your bank account, an advisor will take you in charge and he will ask you the following documents in order to proceed to the opening of your bank account:

  • Your passport
  • Your telephone number (preferably Australian)
  • Your Tax File Number
  • Your address in Australia
  • The advisor may also ask you for your tax number in your home country

What type of bank account to choose ?

There are two main types of bank account:

  • Current accounts will allow you to get a credit card to make withdrawals, pay for your purchases (online or not), and receive a salary.
  • Savings accounts that benefit from interest rates.

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