- Apple Pay, Google Pay
- Monthly fees: $0
How to open a new bank account online
Here's how to open a new personal bank account online in 4 easy steps, and the information and ID you'll need to have ready.
How to open a bank account online
You can open a bank online by following these steps:
- Choose your account. Compare bank accounts and choose the one you'd like to open.
- Complete online application. Complete the online application form on the bank's website (this takes 5-10 minutes).
- Verify your identity. You'll need to verify your identity with your driver's license, passport or other ID documents.
- Activate your debit card. Your debit card will arrive in the mail within the week, simply follow the prompts to active it.
Let's go into each of these steps in more detail.
Step 1: Choose your new bank account
Shop around to find the right bank account for you. When looking at accounts, look for features like no monthly account keeping fee or ATM fees, a range of supported payment options and additional perks like cashback offers. If you go overseas often, you might want to consider a bank account with no international transaction fees.
Open an account online using the table below
Step 2: Apply for your account online
Once you've chosen your account, it's time to start the online application. You’re required to provide some basic information about yourself such as your name, date of birth and residential address, driver’s license number and tax file number (TFN) if you have it.
If you're already a customer of the bank, you can usually skip this part by giving your existing customer number.
Step 3: Verify your identity
If you're a new customer, you will need to verify your identity before you’re approved for the account. This can be done online depending on the identification documents you can provide. Some banks require that you verify your identity in person, for example if you're opening an account for a child who doesn't have ID. Again, if you’re already a customer of the bank, you won’t need to complete this step.
What do I need to open a bank account online?
You will generally have to choose one of the following options:
- One form of primary photographic ID: such as a driver's license, passport or proof of age card.
- Two forms of primary non-photographic ID: such as a birth certificate, citizenship certificate or pension card.
- One of each: One form of primary non-photographic ID (such as a birth certificate, citizenship certificate or pension card) and one form of secondary ID (such as a government financial benefits notice from the past 12 months, an ATO notice of assessment from the last 12 months, or a rates notice or utility bill issued in the last three months)
Any ID you supply when opening a bank account must be valid (i.e. make sure your passport hasn't expired) and must exactly match the name you provide on your application. Once the verification has been completed you can make deposits to the account but you won’t be able to make withdrawals if you haven't verified your identity.
You'll also need to provide a few personal details, including:
- Personal details. You will need to supply your gender, full name, date of birth and residential address.
- Contact details. The bank will require your phone number and email address.
- Tax File Number (TFN). While it's not mandatory for you to supply your TFN, doing so will ensure that you don't have to pay withholding tax on the interest earned from your savings account.
Step 4: Activate your debit card
The bank account debit card will arrive in the mail after you’ve been approved. You’ll find out how long it takes when you get the confirmation email once you submit the online application, however it usually takes between 3-7 business days. The debit card and PIN are sent to you separately for security reasons. When you get your card, you need to sign the back and activate it so you can make withdrawals. This is a simple process that can be completed over the phone or online. The letter that comes in the mail with your card will have clear instructions on how to activate it.
Step 5: Starting using it!
- Switch your direct debits and automatic payments. Transfer all of automatic payments to your new account by filling out a switch of regular payments consent form. This gives your new bank account provider permission to switch your automatic payments to your new account and saves you from manually changing each direct debit agreement.
- Set up internet banking. The final step should be to set up internet banking. This lets you manage your money and make payments to other accounts from your internet connected device. Download the account provider’s internet banking application and give their customer service team a call to create a password.
Requirements to open a bank account online:
- You must be an Australian resident with an Australian residential address
- You must be at least 18 years old (for most banks)
- You must be able to provide 100 points of ID to complete the bank's customer identification process or be an existing customer of that bank
- You must be using the bank account for personal purposes only
Applying for a joint account
Most accounts in Australia can be opened as joint bank accounts with one other person (or sometimes more). There will be an option at the start of the application form to select if you're opening the account as a joint account. If you are, each person will need to verify their ID.
Benefits of opening an account online
There’s no need to visit a branch to open a bank account anymore. You can open a bank account, deposit money and set up automatic payments all from the comfort of your home. Once you’ve applied, just wait for the card to be sent you in the mail, activate the account and you’re good to go.
- You can skip the bank queues. Why wait in line at your local branch when you can apply and open a bank account online in minutes.
- It's easy to do. The application form is simple to complete, we promise!
- It doesn't take long to open. The online application only takes 10 minutes to complete and you should have a response about what happens next within minutes of submitting the application.
Help! I still have more questions
More guides on Finder
ANZ Business Essentials Account
This is a business bank account with no monthly account keeping fees and a free ANZ Business Visa Debit card.
Compare virtual debit cards
What are virtual debit cards, how do they work and what benefits do they offer? Find out here.
Best debit cards
Whether you’re travelling overseas or just want easy access to your funds, here’s how to find the best debit card to suit your needs.
Bendigo Bank Everyday Account Product Review
With convenient access to your funds and a host of flexible features, Bendigo Bank’s Everyday Account can help you manage your day-to-day finances with ease.
BCU Access account
The Access account offers bcu customers accessibility, flexibility and convenience when conducting everyday banking transactions.
Online banks in Australia
Online-only banks do not operate any physical branches resulting in reduced expenses and more affordable banking solutions for their customers.
How to open a bank account in Australia for foreigners
For foreigners opening a bank account in Australia, the process is easy and user-friendly, and often comes with attractive deals and discounts on transaction fees.
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.
Bank Australia Mortgage Offset
Any funds in your Bank Australia Mortgage Offset are subtracted from your home loan principle and reduces your interest repayments while giving you on-call access to your funds.
Debit cards with no foreign transaction fees
International transaction fees can add up to a lot of wasted money. These debit cards are great for travelling and online shopping and will save you money by waiving this annoying fee.
Ask an Expert