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100 points of ID to open a bank account
You can meet the 100 points of ID requirement when opening a bank account by showing your passport, birth certificate or driver's license. If you don't have these, there are a few other things you can use as ID.
If you're a new customer to any Australian bank or financial institution, you'll have to verify your identity with 100 points of ID. This is required when you open a new bank account, and it can be done online without needing to visit a bank branch.
What is the 100 point system?
This is a personal identification system put in place by the Australian government to combat financial transaction fraud by people and companies. It ensures that only you can access your own accounts.
You are required to use a series of documents when verifying your identity. Primary documents are worth 70 points and secondary documents can be worth: 40, 35 and 25 points. Take a look at the table below to see the documents needed and how many points they earn you.
Primary documents are the document only and secondary documents must have a photograph and name.
Primary documents: 70 points
- Birth certificate
- Birth card issued by NSW Registry of Births
- Citizenship certificate
- Current passport
- Expired passport which has not been cancelled and was current within the preceding two years
- Other document of identity having the same characteristics as a passport including diplomatic documents
Secondary (photograph and name): 40 points
- Driver license issued by an Australian State or territory
- Road and Maritime Services photo card
- License or permit issued under a law of the Commonwealth, a State or Territory government
- Identification card issued to a public employee
- Identification card issued by the Commonwealth
- An identification card issued to a student at a tertiary education institution
Secondary (must have name and address on it): 35 points
- A document held by a cash dealer giving security over your property
- Council rates notice
- Land Titles Office record
- Document from your current employer or previous employer within the last two years
- A mortgage or other instrument of security held by a financial body
Secondary (must have name and signature/date of birth): 25 points
- Marriage certificate (for maiden name only)
- Credit card
- Foreign driver license
- Medicare card
- EFTPOS card
- Record of primary, secondary or tertiary education institution attended by you within the last 10 years
- Record of professional or trade association of which you are a member
How to verify your identity
When you've got your documents ready, you can verify your identity online when applying for a new bank account. All you need to do is follow the prompts. If you're using your driver's license, for example, you'll be prompted to enter the license number and you might need to scan an image of the front too.
The good news is you can verify you identity completely online in minutes, no need to visit a bank branch.
If you can't verify your identity online
If you're unable to provide the ID required to open a bank account online, you'll need to visit a bank branch to do it in person. An employee at the branch will be able to help you source the ID required, or give you advice on where to go to get this done.
If you're unable to visit a bank branch, we suggest you try visit a Centrelink office or a Services Australia office instead.
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