How to open a bank account in Australia as a non-resident
Opening an Australian bank account as a newly arrived student, worker or temporary resident is simple. But you will need ID plus an Australian address and mobile number.
You need ID, an Australian address and a local mobile number to open an account.
Consider fees, branch access and international transfer costs when comparing options.
While some banks offer online applications, many require an in-person branch visit.
You don't need to be a citizen or permanent resident to open an Australian bank account. Temporary workers, students and newly arrived migrants can all open bank accounts very easily.
Australian banks will need to see some ID, a residential Australian address and possibly evidence of your visa when you open a bank account. Some banks also require you to visit a branch in person to activate your account.
Getting started: What type of account do you need?
You probably want to open a transaction account first
In Australia, a bank or transaction account is the type of account you use to make daily purchases, pay bills, send and receive money and manage your daily expenses. These accounts come with a debit card for spending.
This is the account you're probably looking for.
You could also open a savings account
A savings account pays you interest on the money in your account. These accounts are for holding money in the long term and earning interest rather than for daily spending.
Because you have to pay tax on the interest you earn, you need an Australian Tax File Number (TFN) to open a savings account.
You can get a TFN from the Australian Tax Office, whether you're a permanent or temporary resident.
How to open a bank account in Australia in 4 steps
Compare banks and choose a bank account. At a minimum, make sure you're eligible to open an account. We've got more tips on how to compare bank accounts below.
Gather your ID documents, visa details, address and phone number. If any of your documents aren't in English then you'll need to bring along translations completed by an accredited translator.
Complete the application. Most banks let you do this online. Some banks require you to visit a bank branch to establish your identity after you arrive. Some banks will only create your account if you visit a branch in person.
Deposit funds into your account and wait for your debit card to arrive in the mail. You can add money to your account via bank or money transfer, or deposit cash at a bank branch or ATM.
How do I add funds to my new Australian bank account?
You can add money to your account in a few ways:
Bank transfer. You can transfer money from an overseas bank. You'll just need your new Australian account number and BSB (this is a six-digit number used to identify Australian banks and branches).
Money transfer. Another option is using a money transfer service. This can work out cheaper than a bank transfer, as money transfers often have better exchange rates.
Deposit cash. You can deposit cash at a local bank branch or even via an ATM.
How to compare Australian bank accounts
If you want to open an Australian bank account as a non-resident, you can start by researching different options online. Here are a few of the main things to consider as a when choosing a bank account:
The fees. Look for an account that charges low or no account keeping fees or ATM fees.
Branch access. If you'll be making regular in-branch transactions (such as depositing foreign cash or cheques), make sure you select a bank with branches in your local area. Some Australian banks are online only with no branches.
International transfers. If you'll need to send money back home, check what the fees are for transferring money internationally, as well as the exchange rates.
Multiple currencies. Some bank accounts let you hold several foreign currencies in the one account, which could be handy if you're going back home regularly and need the local currency there.
Frequently asked questions
You'll need your passport, your visa details (this could include visa details and entry stamps in your passport or a Visa Entitlement Verification Online (VEVO) check), evidence of your enrolment and student ID if you're a student and your tax identification number if applicable.
The Big Four banks are CommBank, Westpac, NAB and ANZ. These are by far the largest banks in Australia.
Some bank accounts are more suited to students as they have minimal fees and extra features.
Australian banks are very safe, and your deposit up to $250,000 is covered under the government's Financial Claims Scheme.
Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards.
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I am not an Australian and am not intending to stay in Australia. I have a property in Australia which is collecting rent and I would like to open a bank account for this monthly rentals. What are the bank accounts which I can apply? And if I am physically at the bank for the application, how long is the process for the approval?
Finder
ShubhamOctober 24, 2023Finder
Hi Keith,
Thankyou for your question.
However, as a non-resident who owns property in Australia and collects rent, you can open a bank account to manage your rental income. Refer to our guide above will give you a basic idea about various accounts and requirements on the same.
The approval process usually involves verifying your identity, and this can be done at a local branch after you arrive in Australia. The time it takes for approval may vary depending on the bank and your individual circumstances, but it’s typically a straightforward process.
Keep in mind that each bank may have specific requirements, so it’s a good idea to contact the bank of your choice and discuss your situation with them to ensure you choose an account that suits your needs and to get more precise information about the application process.
I hope this helps.
GudiMarch 18, 2023
I was working and living in Australia for 10 years, and had my bank account at ANZ. I moved back home and still have my account open. If changing my address and mobile number online, will I be able to keep my account open and thereby keeping my savings safe? I would like to transfer my savings with an international transfer, and I am wondering if I can change my daily allowance and change my mobile number without running into difficulties. Please advise.
Finder
RajApril 3, 2023Finder
Hi Gudi,
Thanks for contacting Finder.
One of ANZ requirements for a bank account is customers will need an Australian residential address. If you’re changing your address to a New Zealand address, then it goes against their requirements. It would be best to contact ANZ and speak to them about your specific needs in keeping the account open and transferring the money.
Thanks
Raj
PeterFebruary 22, 2023
I am an Australian citizen with dual citizenship and passports. Can i open a bank account using my foreign passport for use when travelling overseas with my foreign passport?
Finder
RajFebruary 28, 2023Finder
Hi Peter,
In the case of using just your foreign passport, you’ll need to speak to a local bank that has international ties with a bank in Australia for you to be able to open an account. Ideally, the same country as the country of your foreign passport.
Usually, most Australian banks require Australian documentation and residence to open an account.
Thanks
Raj
ShishMay 13, 2022
Hi,
I live in Australia, my mom visits every 2 years. Can she open an account and keep it open/active during the time she is not residing in Australia?
Finder
AlisonMay 20, 2022Finder
Hi Shish,
Yes, your mom can keep an account open even when she’s overseas. Her account can only become dormant/inactive if the account has not received a deposit or a withdrawal for seven years. When this happens, it will be taken over by the Australian Securities and Investment Commission (ASIC).
Best,
Alison
JoyceFebruary 20, 2022
I will send my daughter to Sidney to study. Now we live in Indonesia.
Can I open bank account in Sidney although I don’t have Australian Tax File number and residential address?
I’d like to be able to transfer money from Indonesia to Sidney each month as low cost as possible. I’ll use this bank account also to auto debit my daughter’s credit card account.
What bank is recommended?
Finder
AlisonFebruary 26, 2022Finder
Hi Joyce,
While an Australian address and foreign tax details may be required, you can reach out to some banks to see if you can have an account set up without these details. Most banks in Australia will allow you to open an account up to three months before your daughter’s arrival in Australia through an online application form on their website. Please feel free to check our guidelines for opening a bank account for the list of the requirements needed.
When it comes to choosing the best bank, it would depend on the factors that are most important to you and your daughter and your current circumstances. There’s no one account that is considered best. You could utilize our comparison table to check and compare banks.
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I am not an Australian and am not intending to stay in Australia. I have a property in Australia which is collecting rent and I would like to open a bank account for this monthly rentals. What are the bank accounts which I can apply? And if I am physically at the bank for the application, how long is the process for the approval?
Hi Keith,
Thankyou for your question.
However, as a non-resident who owns property in Australia and collects rent, you can open a bank account to manage your rental income. Refer to our guide above will give you a basic idea about various accounts and requirements on the same.
The approval process usually involves verifying your identity, and this can be done at a local branch after you arrive in Australia. The time it takes for approval may vary depending on the bank and your individual circumstances, but it’s typically a straightforward process.
Keep in mind that each bank may have specific requirements, so it’s a good idea to contact the bank of your choice and discuss your situation with them to ensure you choose an account that suits your needs and to get more precise information about the application process.
I hope this helps.
I was working and living in Australia for 10 years, and had my bank account at ANZ. I moved back home and still have my account open. If changing my address and mobile number online, will I be able to keep my account open and thereby keeping my savings safe? I would like to transfer my savings with an international transfer, and I am wondering if I can change my daily allowance and change my mobile number without running into difficulties. Please advise.
Hi Gudi,
Thanks for contacting Finder.
One of ANZ requirements for a bank account is customers will need an Australian residential address. If you’re changing your address to a New Zealand address, then it goes against their requirements. It would be best to contact ANZ and speak to them about your specific needs in keeping the account open and transferring the money.
Thanks
Raj
I am an Australian citizen with dual citizenship and passports. Can i open a bank account using my foreign passport for use when travelling overseas with my foreign passport?
Hi Peter,
In the case of using just your foreign passport, you’ll need to speak to a local bank that has international ties with a bank in Australia for you to be able to open an account. Ideally, the same country as the country of your foreign passport.
Usually, most Australian banks require Australian documentation and residence to open an account.
Thanks
Raj
Hi,
I live in Australia, my mom visits every 2 years. Can she open an account and keep it open/active during the time she is not residing in Australia?
Hi Shish,
Yes, your mom can keep an account open even when she’s overseas. Her account can only become dormant/inactive if the account has not received a deposit or a withdrawal for seven years. When this happens, it will be taken over by the Australian Securities and Investment Commission (ASIC).
Best,
Alison
I will send my daughter to Sidney to study. Now we live in Indonesia.
Can I open bank account in Sidney although I don’t have Australian Tax File number and residential address?
I’d like to be able to transfer money from Indonesia to Sidney each month as low cost as possible. I’ll use this bank account also to auto debit my daughter’s credit card account.
What bank is recommended?
Hi Joyce,
While an Australian address and foreign tax details may be required, you can reach out to some banks to see if you can have an account set up without these details. Most banks in Australia will allow you to open an account up to three months before your daughter’s arrival in Australia through an online application form on their website. Please feel free to check our guidelines for opening a bank account for the list of the requirements needed.
When it comes to choosing the best bank, it would depend on the factors that are most important to you and your daughter and your current circumstances. There’s no one account that is considered best. You could utilize our comparison table to check and compare banks.
I hope this helps.
Best,
Alison