What do I need to open bank accounts online?


Nick Bendel

Nick Bendel

Nov 30, 2017( 1 min read )

Opening a bank account online is a simple process and only takes between five to 10 minutes to complete. To get started you will need a computer or smartphone with internet access.

Information to have available when you’re ready to apply is:

  • Identification (such as driver’s licence, birth certificate, passport, proof-of-age card)
  • Tax file number
  • Residential address, email and a contact number

In some cases, you might be asked to provide employment details. If you’re not able to verify your identity online, most financial institutions let you provide this in the branch at a later date.

There are some types of bank account that you can apply for only in a branch. However, most bank accounts can be applied for conveniently online.


Related FAQs

The government can take your money from your bank account if the account is ‘unclaimed’. An account is deemed to be unclaimed if it has been inactive for seven years. To avoid this, all you need to do is deposit or withdraw as little as 5 cents every seven years.

If the government does take your money, you can claim it back, no matter how many years ago it occurred. You can conduct a free search of unclaimed money records at this website.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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