Pros and Cons
- Linked Visa debit card
- App banking available
- Has 0.01% interest available
- You must deposit at least $1800 into your account each month for no monthly account fees
- 3% fees apply for overseas transactions
Electronic Wallet Service
Compare and review bank accounts with similar features
Popular bank accounts searches
- High interest transaction accounts
- Online bank accounts
- Joint bank accounts
- Kids bank accounts
- bett3r save amp bank bank accounts
- bett3r spend amp bank bank accounts
- access account australian military bank bank accounts
- everyday choice wide bay australia bank accounts
- everyday saver bank of sydney bank accounts
- student transaction account bank of sydney bank accounts
- student account bendigo bank bank accounts
- everyday account bendigo bank bank accounts
- everyday account beyond bank bank accounts
- streamline basic commonwealth bank bank accounts
- View more searches
Opening a bank account in Australia is usually a straightforward process. Some banks give you the option of opening an account online, while others require you to visit a branch.
Different bank accounts offer different features, so it’s best to compare your options to find one that suits you.
All banks require you to pass an identity check to open a bank account. Australia uses the 100-point identification system, which means you’ll need to show a number of forms of ID that, together, add up to 100 points.
Common ID types include a driver’s licence, passport, Australian visa in a foreign passport, and Australian Medicare card. You’ll find out what types of ID are accepted when you go through the sign-up process online or at a branch.
Once your account is open, you’ll be given or sent a debit card that you can use to make purchases and withdraw money from your account.