There are four major banks in Australia:
There are also a variety of smaller banks, including Bankwest, St George Bank, Adelaide Bank, Bank of Queensland, Bank of Melbourne, and Suncorp Bank among others.
This is how it usually works (make sure you check every properly BEFORE making any deposits):
Many international students prefer to wait until they are in Australia before opening a bank account.
TIP: IF you choose this option, makes sure you open it as soon as:
You will need to visit your preferred bank to provide your details and proof of identity documents.
Many banks will offer international students a special student account that does not charge monthly account fees.
Australian banks are required to ask you for proof of identity (ID) before opening a bank account. You will need to provide sufficient information and identification to satisfy a ‘100 point ID check‘.
100 points
70 points, only one document from:
40 points – must have a photo or signature from:
25 points
You also need to supply a residential address.
Please note: This could be your temporary address until you find permanent accommodation).
Remember to notify the bank when you change your address.
This is what we would like you to do now. Please answer the following questions and leave your comments below: