Open a Bank Account in Australia
Gather identity documents, choose an account type, and complete in-branch or online verification to open a personal bank account in Australia.
This guide is for planning and preparation. Details may change, so verify current requirements with the official sources before applying, paying fees, or submitting documents.
Review and freshness
This guide has a recorded editorial review date. Always verify final requirements, fees, forms, and appointment rules with official sources before applying.
Estimated timeline
Same day to 3 days
Estimated fees
Usually free
Who this is for
New residents, international students, and first-time account holders in Australia.
Location
Australia
Eligibility
Age
Must be at least 18, or have a parent or guardian co-sign for minors.
Identity
Must pass the 100-point identity check using accepted documents.
Required documents checklist
Tap each item as you gather it. This progress stays in your browser for the current page session.
Visual step flow
Scan the process before you start
Use this overview to understand the order, then track each item in the checklist below.
Choose account type
Compare everyday, savings, and student accounts for fees and interest rates.
Gather identity documents
Prepare documents totalling 100 identity points as required by the bank.
Apply online or in branch
Complete the application and submit identity verification.
Activate and set up
Enable internet banking, set up alerts, and link your TFN to avoid tax withholding.
Step-by-step instructions
Use this as a working checklist from preparation through submission.
Estimated fees
Account opening
Most everyday accounts have no opening fee; monthly fees may apply.
Before submitting
Avoid rejected applications and wasted trips
Check these practical points before you pay fees, attend appointments, or hand over original documents.
Common mistakes
- Not providing enough identity points.
- Forgetting to supply a TFN, causing tax to be withheld at the highest rate.
- Not comparing monthly fee structures before choosing an account.
FAQ
Can I open an account before arriving in Australia?
Yes. Several major banks offer pre-arrival online account opening for migrants and students.
What is the 100-point identity check?
A points-based system where different documents carry different point values totalling 100.
Source and review
This guide has a recorded editorial review date. Requirements, fees, forms, and timelines can change. Use this guide as preparation support, then verify final details with the official source before submitting anything.