Dealing with some initial paperwork is essential for you to set yourself up in Australia. Opening an Australian bank account is one of the most important things.
Money change when you get to Australia
You can surely change some money before leaving for Australia or once you get to the airport and you can withdraw with your Visa or Mastercard. However, all of this methods have pretty high exchange rates and fees. The best option is to withdraw a little amount for the first days and open your Australian bank account as soon as possible, you can then transfer money into your account and start using the Australian card.
Opening a bank account in Australia
Can I open a bank account before arriving in Australia?
Many people would love to start this process before arriving in Australia; the answer is kind of, you can start opening a bank account before getting to Australia with Commonwealth Bank of Australia: https://www.commbank.com.au/
How to open a bank account in Australia?
How to transfer money to your Australian bank account? Come spostare i soldi dall’Italia all’Australia?
Where to open an Australian bank account
There are plenty of available options, these are the main banks in Australia and the relative options:
- Commonwealth Bank
One of the main pro for this bank is its presence all around Australia.
- Australia and New Zealand Banking Group (ANZ)
ANZ doesn’t have any management cost and its app is super user friendly.
- National Australian Bank (NAB)
It’s an historical bank and it doesn’t have any management cost.
- ING Direct
It usually has higher interest rate. Please note you can’t use this bank to deposit cash because it’s an online bank.
Their website mention special bank account for whoever has just arrived in Australia and for those who want to open a new business. ù
- buying an Australian SIM card
- apply for a tax file number
- get to know how to renew your working holiday visa
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