Australian Bank Account

Go Back   Living and Working in Australia Forum With Immigration and Travel Information > Travel in Australia > Travel questions

Travel questions This area of the Australia Forum is for discussions about travelling to Australia. Talk about where to visit and which hotels or hostels to stay in. Feel free to join the talk about transportation options, visa requirements and weather conditions.

Like Tree1Likes
  • 1 Post By ozzy john

Australian Bank Account


Closed Thread
 
LinkBack Thread Tools
  #1 (permalink)  
Old 08-15-2012, 09:21 AM
Junior Member
 
Join Date: Aug 2012
Posts: 3
Users Flag! From uk

Australian Bank Account

My Family has a plan to transfer in Australia,and my Mom ask me to find a good bank in Australia to open an account before arriving.Any suggestion please.

Suggestions is much appreciated.


  #2 (permalink)  
Old 08-15-2012, 02:19 PM
Moderator
 
Join Date: Mar 2009
Location: Greatest country of them all
Posts: 833
Users Flag! From australia

118 likes received
3 likes given
All banks in Australia are heavy regulated and are of good standing. That's why we had no GFC so far.
You could try Westpac, Commbank, ANZ, NAB. These are the biggest banks. I would personally choose Westpac or Commbank.

__________________
People should not be afraid of their governments. Governments should be afraid of their people.

We are told to remember the idea, not the man. Because a man can fail. He can be killed and forgotten. But four hundred years later an idea can still change the world.

  #3 (permalink)  
Old 08-21-2012, 04:38 PM
Active Member
 
Join Date: Jul 2012
Posts: 15
Users Flag! From australia

1 likes received
Hi there,

The account you choose depends on a lot of things, Westpac are offering a good account at the moment which you can setup before you go. The following came from the ozultra backpacker website, hope it helps.

OJ

SOURCE: OzUltra - Australian Banking for the Backpacker


Minimum Account Requirements

When you are travelling around you are almost definitely going to need to make payments online/over the phone and in the shops. For this reason it's very important to open an account which comes with a Australian debit card and an online banking facility. Although this may seem obvious, even some of the major banks issue cards that don't have either of these capabilities!

So at the very least you will need the ability to make payments via EFTPOS, book by phone and manage your money online. Make sure you ask the bank clerk for exactly what your new account comes with.

Below is a list of recommended bank account requirements for a traveller...

A card that allows you to make payments with EFTPOS, online and over the phone.

Access to your account online 24/7.

An account with minimal or if possible NO monthly fee.

Lots of A.T.M's all over Australia (especially in the more remote locations).

An account with the least possible charges for transactions abroad.

An account with security alerts by phone (in case of fraudulent activity).

Also find out how much for a deposit required to open the account.

And how long it takes to transfer your money from your account overseas.



Which type of bank account should I open?

The account of choice for the traveller is what they call an 'everyday account'. Take a look around at the best deals offered by each bank and compare them against each other. Ideally it should include all of the things listed above for hassle free banking. If you are emigrating you may wish to get a 'saver account' with it.

robertM likes this.

Last edited by ozzy john; 03-22-2013 at 11:58 AM.

Sponsored Links
Advertisement
 
  #4 (permalink)  
Old 08-23-2012, 11:40 PM
Senior Member
 
Join Date: Jun 2012
Location: Sydney Australia
Posts: 277
Users Flag! From cambodia

45 likes received
6 likes given
Commonwealth Bank is good for all around access when travelling.....even post offices act as agents.
Another easy idea is to use an AUD "travel cash" card which can be topped up online using BPay.
Just bring identification to the bank and have an address where they can send the debit card.
Travel cash cards can be issued at the branch.

Hope this helps.
Good luck

__________________


From the Kingdom of Cambodia to Australia.......

  #5 (permalink)  
Old 08-24-2012, 02:48 AM
Ausstart National's Avatar
Senior Member
 
Join Date: Aug 2012
Location: Australia
Posts: 203
Users Flag! From australia

50 likes received
6 likes given
Westpac banking corporation have a good migrant package and web page. You can do a search for it.

__________________
Chris Evans
Migration Agent 1173793
Find Us


  #6 (permalink)  
Old 09-04-2012, 11:38 AM
Active Member
 
Join Date: Sep 2012
Location: United Kingdom
Posts: 18
Users Flag! From uk

2 likes given
i would suggest choosing commonwealth bank.
when i have previously lived in australia, i opened my bank account with them and still have one to do this day...i haven't had any problems with them and it's just been a breeze...
however other banks such as ANZ and Westpac are both leading banks in aus as well!

just personal preference


  #7 (permalink)  
Old 01-23-2013, 10:33 PM
Senior Member
 
Join Date: Apr 2010
Posts: 85
Users Flag! From usa

11 likes received
18 likes given
I opened a migrant WestPac account and it has worked well. I could not transfer money out of it until I went in-person to officially open it, but I could transfer money in before I arrived to Australia.

You cannot get a debit card until you have an address in Australia, but they will send statements internationally.

It was very easy to open, I'd recommend.


Closed Thread

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Opening a bank account from the UK neilbester Business and investment 4 08-26-2012 09:20 AM
Joint bank account queries Kboy85 Visas and immigration 3 01-11-2011 12:12 AM
bank account keri Travel questions 3 09-14-2010 05:21 AM
Partner visa question re: joint bank account toytoy Visas and immigration 5 02-13-2010 05:21 AM
Bank account enquiry Lily-bee Visas and immigration 1 02-12-2010 08:00 AM

LEGAL NOTICE
By using this Website, you agree to abide by our Terms and Conditions (the "Terms"). This notice does not replace our Terms, which you must read in full as they contain important information. You must not post any defamatory, unlawful or undesirable content, or any content copied from a third party, on the Website. You must not copy material from the Website except in accordance with the Terms. This Website gives users an opportunity to share information only and is not intended to contain any advice which you should rely upon. It does not replace the need to take professional or other advice. We have no liability to you or any other person in respect of any content on this Website.


All times are GMT. The time now is 06:34 AM.




Powered by vBulletin®
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
SEO by vBSEO
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2021 DragonByte Technologies Ltd.
AustraliaForum.com