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 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 Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full bio
Alison's expertise
Alison has written 626 Finder guides across topics including:
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.
A travel debit card is just a regular Australian debit card with less international fees an charges, making it a great option to use overseas. See a range of debit cards suited for travel in this guide.
Now is the best time to start looking at the new bank account offers and promotions available. There is fierce competition between banks for your business so you should take advantage of this opportunity and get yourself a deal.
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.
The best bank account will help you manage your everyday spending with low fees and easy access to your money. Check out our Top Picks curated by experts.
I am personally interested to open an bank account in Australia to enable me to send funds to an account for savings purposes. I do not intend to move there but want to keep my funds safe due to high fluctuations in Namibia country and government problems. Is this possible and which account type do I need?
JonathanJune 22, 2017
Hi Franz!
We know domestic situations can sometimes worry people. We want you to talk to your local bank and ask if they have Australian bank partners who can assist you with this. If granted, they will tell you which account types are available for you to open.
Hope this helps.
Cheers,
Jonathan
KuriakoseMay 22, 2017
My wife and myself are South African citizens . Our children are married and settled in Australia. We applied and waiting for the Australian permanent residence permit and used to visit Australia . We were teachers in South Africa now retired and is residing in India at present.
Shall we open an account in Australia and transfer our savings to Australia for a fixed period ?
Shall we supposed to pay the tax for the interest earned ?
Finder
JhezelynMay 31, 2017Finder
Hi Kuriakose,
Thanks for your question.
Banks often have migrant services to help make the transition as smooth as possible. Most of the major Australian banks have migrant services with staff who can speak a range of languages. This makes it a lot easier to open a bank account and avoid miscommunications. If you are on a tourist or visitor visa, you can open an Australian bank account by visiting a local branch and providing your passport. You can find on this page – https://www.finder.com.au/foreigners-open-a-bank-account-in-australia – what are these banks and the guide on how you can apply.
Once you’ve opened an Australian bank account, you may want to transfer funds from accounts in your home country to your new account through your bank.
Hope this helps.
Regards,
Jhezelyn
SamMay 22, 2017
I am a Canadian citizen and I will be visiting Australia in August. I want to open an non resident bank account so that I get a debit card to use it while I am there. Can I open a bank account while I am still in Canada.
Finder
HaroldMay 22, 2017Finder
Hi Sam,
Thank you for your inquiry.
Typically, you can open an account online before arriving in Australia, on the phone or in person at the branch once you arrive. Also, the type of account depends on your personal situation, your reasons for being in Australia and how much you’re willing to pay for additional services and add-ons.
I hope this information has helped.
Cheers,
Harold
SpilloMay 15, 2017
Hi,
I lived in Australia for about 7 years under a working visa, my visa was cancelled last year and I am not living in Australia at the moment however I am waiting for an answer from the appeals tribunal to be reintegrated in Australia with a new working visa which it will probably take a year or so (estimated time communicated by appeals tribunal). I still have a bank account in Australia, can I still use it even if I am living in the Philippines with my girlfriend and having some incomes from the US as I’m working on a US website?
Finder
MayMay 16, 2017Finder
Hi Spillo,
Thanks for your question.
When you say you can still use your bank account, do you mean to have access to it like taking in / out money from it? If so, you’d be best to directly contact your bank. Basically, for transactions like depositing money to your bank account, if you are overseas, you may be able to transfer funds through wire/money transfers. If withdrawing cash, that would depend on your financial institution if your account can be used overseas. In case yes, you’d need to be aware of the applicable fees when using your account outside Australia.
Cheers,
May
LeeMay 10, 2017
Hi,
I was lived in Australia more than 1 year with Working holiday Visa(subclass 417). That time I made bank account on NAB.
I’m just worried about one thing.
Now, I don’t have AUS visa but My money still save in the account. It’s not problem for me?
Thank you.
Regards,
Lee
Finder
HaroldMay 11, 2017Finder
Hi Lee,
Thank you for your inquiry.
In this case, you would need to coordinate with your bank directly to discuss the available options on how to claim the funds you’ve left on your account.
I hope this information has helped.
Cheers,
Harold
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
Finder makes money from featured partners, but editorial opinions are our own.
Finder is one of Australia's leading comparison websites. We are committed to our readers and stand by our editorial principles
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Good day!
I am personally interested to open an bank account in Australia to enable me to send funds to an account for savings purposes. I do not intend to move there but want to keep my funds safe due to high fluctuations in Namibia country and government problems. Is this possible and which account type do I need?
Hi Franz!
We know domestic situations can sometimes worry people. We want you to talk to your local bank and ask if they have Australian bank partners who can assist you with this. If granted, they will tell you which account types are available for you to open.
Hope this helps.
Cheers,
Jonathan
My wife and myself are South African citizens . Our children are married and settled in Australia. We applied and waiting for the Australian permanent residence permit and used to visit Australia . We were teachers in South Africa now retired and is residing in India at present.
Shall we open an account in Australia and transfer our savings to Australia for a fixed period ?
Shall we supposed to pay the tax for the interest earned ?
Hi Kuriakose,
Thanks for your question.
Banks often have migrant services to help make the transition as smooth as possible. Most of the major Australian banks have migrant services with staff who can speak a range of languages. This makes it a lot easier to open a bank account and avoid miscommunications. If you are on a tourist or visitor visa, you can open an Australian bank account by visiting a local branch and providing your passport. You can find on this page – https://www.finder.com.au/foreigners-open-a-bank-account-in-australia – what are these banks and the guide on how you can apply.
Once you’ve opened an Australian bank account, you may want to transfer funds from accounts in your home country to your new account through your bank.
Hope this helps.
Regards,
Jhezelyn
I am a Canadian citizen and I will be visiting Australia in August. I want to open an non resident bank account so that I get a debit card to use it while I am there. Can I open a bank account while I am still in Canada.
Hi Sam,
Thank you for your inquiry.
Typically, you can open an account online before arriving in Australia, on the phone or in person at the branch once you arrive. Also, the type of account depends on your personal situation, your reasons for being in Australia and how much you’re willing to pay for additional services and add-ons.
I hope this information has helped.
Cheers,
Harold
Hi,
I lived in Australia for about 7 years under a working visa, my visa was cancelled last year and I am not living in Australia at the moment however I am waiting for an answer from the appeals tribunal to be reintegrated in Australia with a new working visa which it will probably take a year or so (estimated time communicated by appeals tribunal). I still have a bank account in Australia, can I still use it even if I am living in the Philippines with my girlfriend and having some incomes from the US as I’m working on a US website?
Hi Spillo,
Thanks for your question.
When you say you can still use your bank account, do you mean to have access to it like taking in / out money from it? If so, you’d be best to directly contact your bank. Basically, for transactions like depositing money to your bank account, if you are overseas, you may be able to transfer funds through wire/money transfers. If withdrawing cash, that would depend on your financial institution if your account can be used overseas. In case yes, you’d need to be aware of the applicable fees when using your account outside Australia.
Cheers,
May
Hi,
I was lived in Australia more than 1 year with Working holiday Visa(subclass 417). That time I made bank account on NAB.
I’m just worried about one thing.
Now, I don’t have AUS visa but My money still save in the account. It’s not problem for me?
Thank you.
Regards,
Lee
Hi Lee,
Thank you for your inquiry.
In this case, you would need to coordinate with your bank directly to discuss the available options on how to claim the funds you’ve left on your account.
I hope this information has helped.
Cheers,
Harold