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.
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.
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'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.
| Response | 75+ yrs | 65-74 yrs | 55-64 yrs | 45-54 yrs | 35-44 yrs | 25-34 yrs | 18-24 yrs |
|---|---|---|---|---|---|---|---|
| In-branch | 75% | 64.63% | 50% | 33.92% | 27.47% | 26.11% | 39.56% |
| Online | 21.43% | 27.44% | 46.88% | 56.14% | 63.74% | 60% | 46.15% |
| Over the phone | 1.79% | 1.83% | 2.5% | 3.51% | 1.1% | 3.33% | 2.2% |
| Through an app | 1.79% | 5.49% | 0.63% | 5.85% | 7.14% | 10.56% | 12.09% |
| Other | 0.61% | 0.58% | 0.55% |
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Can i apply for Australian bank account before received my Immigration Visa?
Hi, to open an Australian bank account you will need to have an Australian residential address.
Thanks,
Alison
I have a bank account buy only in my name now I find that my wife needs to be on the account but after 46 yrs she has never driven nor travelled overseas so now she has trouble getting the required 100 points her passport has expired in 1972 in her maiden name she is on aged pension so had centrlink card medicare card but we don’t own property and she hasn’t worked for 35yrs
Hi, other forms of ID may include a government health or pension card plus a Medicare card. We’d suggest speaking to your bank about how you can verify her identity to be added to the account – you may need to do this in person at a brank branch.
how can the bank ID me online and be sure I am who I say I am?
Hi Dennis,
Each bank’s online verification process could slightly vary, but as part of the Anti-Money Laundering and CounterTerrorism Financing Act (2006), applicants are required to present valid documentation to meet the 100-point identification requirements.
To complete a 100 Point Identification Check, you need to present current, original identification documents that add up to at least 100 Points. You may also be asked to scan an image of the ID. The bank will review the details in your application to see if it matches the details you provided during your online ID check.
I hope this helps!
Best,
Alison