Money, Business and Finance

Opening an Australian bank account is more straightforward than you might assume although there are still procedures to follow and information required before you can gain full access to the Australian banking system. Even though many people moving to Australia may prefer to retain their old bank accounts in their former homeland and just redirect their income to these accounts it is preferable to open a local account as soon as you move to Australia.

Even though the Internet has made a massive difference to the world by banking system there may well be situations where you need to contact your bank manager or bank branch to discuss issues, something which may be difficult if you are literally thousands of miles away in a totally different time zone!

Bank opening hours in Australia

As with the UK, the vast majority of banks in Australia are open from 9 AM to 4 PM from Monday to Thursday with extended hours of 9 AM to 5 PM on Friday and selected Saturday morning banking services on a branch by branch basis. However, there are a large number of ATM machines in Australia which are available 24 hours a day seven days a week with most cards catered for – you should note that the more popular cards in Australia will have either the CIRRUS, PLUS, STAR International, Interlink or Maestro symbols visible.
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