australia tourist bank account

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How to Open an Australian Bank Account as a Non-Resident

When you think of opening a foreign bank account, Australia probably isn’t the first place that comes to mind. It’s not a classic offshore hub like the Cayman Islands or Vanuatu, nor is it a finance center like Singapore or Hong Kong.

However, Australian banking offers two primary benefits for its users – stability and ease of business. In fact, banking in Australia can be incredibly beneficial if you frequently visit the country or do business there.

If you’re interested in opening an Australian bank account, this article will give you a good overview of what to expect and how to go about navigating the process. 

Find out more about our offshore tax planning and banking strategies here .

Why Open an Australian Bank Account?

Although Australian banks aren’t the best banks in the world , they’re nowhere near the worst. In fact, a few of the largest banks in the country are among the world’s safest.

They don’t offer exciting interest rates or other unique banking benefits, but an Australian bank account is often a stable one, which can make it an attractive option if you tend to bank in less stable jurisdictions or if you simply want to diversify your assets.

Australian banking is also highly useful if you conduct any business down under.

If you have Australian employees or vendors, for instance, it might be easier to transfer them money from an Australian bank account than from a bank account in another country. Alternatively, you may plan to invest in Australia, and having an Australian bank account may make that process a bit easier.

Overall, an Australian bank account is like a dependable minivan. It’s not fun or glamorous in any sense, but it serves its purpose well.

How to Open an Australian Bank Account

If you want to open a bank account in Australia, then we have some good news – it’s rather easy to do so even as a non-resident.

In fact, thanks to Australian banking laws, you can even open an account if you don’t have an Australian address (provided you haven’t been in the country for more than six weeks).

The process to open an Australian bank account is also rather simple. To open an account, you only need to follow three simple steps.

1. Choose an Australian Bank

Before you arrive in Australia, you should take the time to research Australian banks to find one that meets your needs.

As with most overseas banks, larger banks will tend to be more open to non-residents than smaller ones due to the inherent risk involved in accepting foreigners.

Much like banks in the US , banks in Australia aren’t always very globally-minded. A tiny bank with a few branches around Melbourne likely won’t know what to do when it receives a non-resident application, but larger banks like the Commonwealth Bank of Australia have much more experience dealing with non-residents.

With most Australian banks that cater to non-residents, you can generally get the application process started online. This process usually is quite simple, but you should be sure to select the correct visa and residency status (tourist/ETA) on your application.

2. Travel to Australia

If your application is accepted, you will receive an invitation from the bank to come finalize your account and collect your Australian debit card.

This is the part of the process that requires some planning. Unless you’re based in Southeast Asia, simply getting to Australia is an ordeal in itself. Flights to Australia from Europe or the US are long and expensive, so you should book well in advance.

You should also allocate enough time to recover from the flight and open your account, and if you’re traveling from far away, you may as well give yourself time to actually enjoy the country.

Finally, as you plan your trip, you should ensure that you’re traveling to the correct city. During the application process, most banks will have you select a particular branch to visit, so when you plan your trip, you don’t want to hop off a 24-hour flight to Sydney only to discover that the branch you selected is across the country in Perth.

3. Open Your Australian Bank Account

After you arrive in Australia, you’ll then need to visit the bank you applied to in person to finalize your new bank account.

When you visit the bank, the process is rather easy. All you need is your passport – no proof of address or any other documents. They’ll likely ask you why you want to open the account, but simply telling them that you’re a frequent visitor or considering moving there will satisfy most banks.

Once you prove your identity and answer a few cursory questions, the bank will officially open your account, hand you your debit card, and grant you online banking access.

Tips for Opening a Bank Account in Australia

While the process for opening an Australian bank account is straightforward, you should keep a few things in mind as you’re opening an account.

Don’t Use an Australian Address

Unless you legitimately plan to move to Australia, then you shouldn’t use an Australian address to open your account – else you may inadvertently become an Australian tax resident.

The Australian Taxation Office (ATO) is on par with the IRS in terms of aggression – meaning that it will do everything in its power to rope you into the Australian tax net.

Therefore, if you open an Australian bank account with an Australian address, the ATO may decide that you’re an Australian tax resident and charge you accordingly.

Get a Local SIM Card

Like most banks around the world, Australian banks often require that users authenticate their information through their phone numbers, so you’ll likely need to provide an Australian number when you open your account.

Some banks may allow you to provide a foreign phone number, but they usually prefer to reach you on a local line. Since this phone number is essential to accessing your account, it’s worthwhile to take the extra time to grab a SIM card before you head to the bank.

Make Sure It’s Worth Your Time

One of the things that we frequently warn against is collecting shiny things for the sake of having them.

Although the process of opening an Australian bank account isn’t too difficult, traveling there costs time and money. You should therefore check your intentions before you apply to be a customer at an Australian bank.

That intention can be as simple as “I’ve always wanted to visit Australia, and opening a bank account there seems like a good way to diversify my assets.” 

However, you shouldn’t go through the trouble of taking a 20+ hour flight if you have no desire to visit and no specific reason to open an Australian bank account.

Although opening a foreign bank account in Australia isn’t the right choice for everyone, it can be highly useful if you do business in the country or if you’re seeking a stable banking jurisdiction.

Plus, the process is quite easy – once you complete your online application, you merely need to show up at the bank, prove your identity, and collect your new debit card.

As always, however, Australian banking isn’t the right choice for everyone – particularly given the travel requirement.

If you’re wondering whether opening an Australian or other foreign bank account is right for you, feel free to reach out .

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Open an Australian bank account

Open a bank account in Australia if you are moving from overseas.

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Everyday account smart access.

Open a CommBank account up to 14 days before you arrive in Australia, or up to three months after you arrive. You’ll need to visit a branch once you arrive in Australia and provide identification documents and tax residency details before you can use your new account.

Features & benefits

• No Australian address needed to set up the account 1
• Track your everyday spending with  Spend Tracker  in the  CommBank app 2
• Use  Cardless Cash 3   in the CommBank app to get money out of any CommBank ATM, fee-free
• Lock and block 4  your Debit Mastercard in the CommBank app

Rates & fees

Apply via the ‘Open account’ button below and we’ll waive the monthly account fee for the first year. 5   After this, a monthly fee applies unless you’re under 30 or eligible for a further waiver. 6

See all rates and fees .

Everyday Account Smart Access for students

Open your bank account up to 14 days before you arrive in Australia, or up to three months after you arrive. You’ll need to visit a branch once you arrive in Australia and provide identification documents and tax residency details before you can use your new account.

• No Australian address needed to set up the account 1 
• Use  Cardless Cash 3  in the CommBank app to get money out of any CommBank ATM, fee-free
• Lock and block 4 your Debit Mastercard in the CommBank app

Apply via the ‘Open account’ button below and we’ll waive the monthly account fee if you’re under 30 or meet other conditions. 7 See all rates and fees .  

Use your Debit Mastercard instantly

Verify your identification at any Australian CommBank branch to use your digital Debit Mastercard. You can use it to shop in-store or online, pay bills or set up recurring payments. Simply view your card details in the CommBank app.

Find out more about Debit Mastercard

Who can apply?

You can apply if you:.

• Are aged 14 years and over 8
• Will arrive in Australia in the next 14 days or;
• Have arrived in Australia in the past three months
• Are opening the account in your personal name 

If you are already in Australia and arrived more than three months ago, please apply here . 

How to apply

1. complete the short application form.

We recommend:

• You have your passport with you when completing this form
• You know the city you will be staying in when you arrive
• You know your entry visa information

2. Visit a branch

Once you get to Australia, visit your chosen  branch  to collect your Debit Mastercard. 9  You'll need to provide your ID for verification within 20 days of opening your account or your account may automatically close. You can reapply at any CommBank branch.

Make sure you bring:

• Your current passport (original document required)
• Your  Tax Identification Number (TIN)  for each country of foreign tax residency

3. Download the CommBank app or log on to NetBank

Start banking straight away after your identification check. Download the  CommBank app 2 or log on to  NetBank to: 

• Withdraw money from CommBank ATMs using Cardless Cash 3
• Shop using the CommBank app to tap and pay, or choose from our range of digital wallets - like Apple Pay, Google Pay or Samsung Pay.
• Pay friends using just their Australian mobile number 10

About the application process

• You should complete the application form with your Australian details if you know them ahead of your move. For example, if you know your new Australian address, apply using that. If not, use your overseas address
• Once you have completed the application form you will need to identify yourself and provide your tax residency information in branch in Australia before you can use your account, including full access to NetBank and the CommBank app
• If any of your documents are in a foreign language you’ll need to get them translated into English by a professional translator accredited by the National Accreditation Authority for Translators and Interpreters (NAATI) , or an equivalent accreditation.

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Things you should know

1  To gain full access to your account, an Australian residential address will need to be provided when you visit a Commonwealth Bank of Australia branch to be identified. 

2  Full terms and conditions of the CommBank app are available on the app. The CommBank app is free to download however your mobile network provider charges you for accessing data on your phone. Find out about the minimum operating system requirements on the  CommBank app page . NetBank access with NetCode SMS is required.

3  Cardless cash is available from any CommBank ATM. Withdrawals are limited to a total of $500 per day. CommBank app, NetBank, NetCode and account access required. Full conditions on app.

4  Lock, Block and Limit enables customers with card account access  to lock certain transaction types and unlock them only when needed. Excludes transaction flagged as recurring (e.g. direct debits), and transactions not sent to us for authorisation, or made via Tap & Pay set up on an Android device. Other conditions apply. 

5  We’ll automatically apply a waiver to the Monthly Account Fee for 12 months on the Smart Access account if you apply via this button.  Find out more about rates and fees .

6  After the initial 12-month period, a monthly fee applies unless you are eligible for a further waiver. A Monthly Account Fee waiver will also apply if you’re under 30 years of age, or if you deposit at least $2,000 each calendar month (excludes Bank initiated transactions). You may also be eligible for a different Monthly Account Fee exemption if you have an aged, disability or war veterans’ pension deposited in your account, have a balance of $50,000 or more in eligible contributing accounts, are reliant on over the counter services because of a disability or have an eligible home loan. Find out more about rates and fees .

7  A monthly account fee waiver will apply if you’re under 30 years of age, or if you deposit at least $2,000 each calendar month (excludes Bank-initiated transactions). You may also be eligible for a different Monthly Account Fee exemption if you have an aged, disability or war veterans’ pension deposited in your account, have a balance of $50,000 or more in eligible contributing accounts, are reliant on over the counter services because of a disability, or have an eligible home loan.  Find out more about rates and fees .

8  If you are aged under 14 years of age, please apply for a  Smart Access Account for Youth  once you arrive. 

9  To ensure that your card is ready and waiting for you at your chosen branch, you must have opened your account online more than 7 days before arriving in Australia. If you opened your account less than 7 days before, or after you arrive in Australia, or you opened your account as a student, your Debit Mastercard will be mailed out to your Australian address once ID has been verified in branch. 

10  The recipient needs to have an Australian bank account (with BSB and account number) and have an active mobile phone number.

The target market for this product will be found within the product’s Target Market Determination,  available here .

The advice on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the advice, consider its appropriateness to your circumstances. Please view our  Financial Services Guide . Full terms and conditions for the  transaction and savings accounts  mentioned and  Electronic Banking  are available here or from any branch of the Commonwealth Bank.

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Open an Australian bank account

Opening a NAB bank account is easy. Just follow these steps.

1. Check you’re eligible

You can open a NAB account if you:

Are planning to stay in Australia for at least six months

Have a valid visa Check your visa As long as you do not have a tourist or visitor visa, you should be eligible to open an account.

Have an Australian address and mobile number

2. Visit a branch

At the moment, you’ll need to visit us at a NAB branch once you arrive in Australia to open your account. We have over 4,000 branches.

3. Bring your ID

To help us verify your identity, please bring the following documents:

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Copy of a valid visa

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Common questions about opening an account

Do i need a tax file number (tfn).

You don’t need a TFN to open a bank account. However, you’ll need to provide your tax payer identification number (TIN) if you’re a US tax resident.

What type of visa do I need?

Most visa types are accepted, other than tourist or visitor visas. You’ll need to have at least six months left on your visa and be intending to stay in Australia for at least that time too.

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How to Open an Australian Bank Account Online from Overseas

If you’re heading to live life under the Aussie sun or if you’re already here enjoying the laidback lifestyle, then opening an Australian bank account for your money is something you’ll want to do soon.  It’s possible and in most cases very easy and inexpensive to open an Australian bank account online if you are travelling here from overseas.

First the basics. There are four big banks in Australia. They are National Australia Bank (NAB), Commonwealth Bank (CBA) the Australia and New Zealand Banking Group (ANZ Bank), and Westpac. They all allow non-residents from overseas to open an Australian bank account online and you can even do this before you get to Australia .

In five short steps, here’s the easiest way to open an Australian bank account online:

Go to the website of the bank you've chosen. From there you will be able to fill in the details they need. If you prefer to do it over the phone, most banks will have contact numbers. Just make sure you're calling within Australian business hours.

Make sure you know your exact arrival date in Australia if you’re not here yet. In some cases you'll need to provide this date to the bank when you apply for an account.

Have a permanent Aussie address. Banks require proof of residency and not all will accept an overseas one when you complete your application.

Scan and upload all of the requested documents including your passport and visa.

Once approved online and when you are in Australia, head to your nearest branch to verify your documents and complete your application.

If you’d like to know more about your options of the best banks in Australia and ways to open an account online then read on. This guide tells you everything you need to know!

• Can I open an Australian bank account online if I'm overseas?

What are my options?

• Choosing the right account for you
• What documents do I need to supply?
• What are the fees of opening an Australian bank account if I’m from overseas?
• How to transfer money to Australia without a bank account

Can I open an Australian bank account online from overseas?

Yes. you can open a bank account online in australia without any problems..

Australia's four main banks NAB, Commonwealth Bank, ANZ and Westpac offer online applications for their standard current and savings accounts which are open to anyone, including those travelling on visas.

With simple eligibility requirements, it's easy to apply:

Banks require you to arrive anywhere between 3 and 12 months after your application.

• Know where you’ll be living. Like your arrival date, most banks want to know where you’ll be living if you’re not here already. If you can’t provide an Australian address then you can provide your overseas one until you have a residential address here.
• Upload your documents.
• Be 18 or over. This is a usual requirement of all banks in Australia. However, Westpac and Commonwealth do have accounts for younger customers.
• Employer and salary details. You may find that banks request this information from you when you complete your digital application. This is usually dependent on the type of visa you are travelling on.

We recommend you verify your documents as soon as you can after you arrive. This will mean you can start withdrawing and spending in Australia.

What documents do I need to supply to the bank?

When applying online for an Australian bank account , you’ll need to supply documents that prove your identity and right to work and earn in Australia.

In most cases, these documents are:

• Your passport
• Proof of address
• Tax information e.g. TFN (Tax File Number)
• Employer details and salary

After you open your account, you will need to visit your chosen branch to verify your identity.

This appointment should be booked as soon as possible after you’ve completed your application – the sooner you can verify yourself, the sooner your bank account in Australia is open and ready to use. In this appointment, the bank may ask for documents such as:

• An Australian residential address if you provided an overseas one on your online application
• An Australian Medicare card or National Identity card (or other form of ID e.g. birth certificate)

We know people have many different reasons to travel to Australia and although we recommend to open a bank account to ensure the security and safety of your money, we also know this might not suit everyone’s situation. If this applies to you, then you might want to take a look at the Wise multi-currency account (formerly TransferWise).

The Wise Account

The multi-currency Wise account has no set up fees, no monthly fees and no receiving fees.

Available to people in Europe, the UK, USA, Singapore, Canada, Australia and New Zealand, this account allows you to open up a local bank accounts in all of these countries. Plus it holds over 50 currencies and also comes with a debit card so you can withdraw money from your account.

Although we’d recommend opening a bank account if you’re in Australia for an extended time, this is a great option if you’re looking for something to temporarily hold your currencies while you settle in.

Be aware that the card does takes 7-14 days to be delivered, so manage your time and prepare if you think you might need it soon.

For more information on the Wise Debit Card, read our review .

How to choose the right account for you

If you’re living life down under already then you’re likely to have an idea of how accessible banks and ATMs are here. This is important to consider, but with each bank offering different packages and accounts, it’s definitely worth taking the time to understand which one suits you and your situation best.

Cheque, Savings or Credit?

Australia’s banking system uses EFTPOS (Electronic Funds Transfer as Point of Sale) rather than a debit card system. Essentially the same, EFTPOS is native to Australia and New Zealand and is a very easy way to pay for goods during your stay.

There are three main types of accounts available to you in Australia, and it’s important to know the difference as you’re generally asked which account you’d like to use to pay for most items.

Here's our take on them:

Cheque – A standard current account for everyday purchases. Linked to your EFTPOS or debit card, money will be deducted from your current account.

Savings – A savings account is a great option to put some money aside and is usually opened together with a current account. This account allows you to earn some interest on the money you're holding in your account.

Credit – A credit card will be harder to get in Australia and dependent on more factors than a cheque or savings account. If you do wish to get one, it will need to be a few months after you’ve settled in Australia so the bank can monitor your financial trends.

Best option when you're on a Working Holiday Visa

If you’re travelling on a Working Holiday Visa then you here’s a quick breakdown of what you can apply for when you’re here:

• Westpac has a separate Migrant Banking section online. You’ll need to fill in the application form specifically in this section to open a current account. No fees for the first year when you apply online and if you’re not here yet then you have 12 months after your application to arrive in Australia.
• Commbank is a great choice for travellers. An easy application form with a zero-monthly fee for a year if you open an account online. If you’re not here yet, then you have 3 months after your application to arrive in Australia.
• ANZ has a good option of current accounts open to travellers. For a low monthly fee, you can submit your application easily online and have 12 months after your application to arrive in Australia.
• NAB is also a great option for travellers as they offer a great current account with no monthly fees. Unfortunately, you can’t apply online with NAB. If you’re travelling on a Working Holiday visa, book yourself an in-branch appointment to open your account.

Best option for Expats

If you are relocating with work, with your family or alone, then you might want to explore some of the features of other accounts Australian banks can offer.

A lot of accounts beyond a current account require in-branch discussion, so we would recommend opening a current account with any of the big four, and then looking to open Savings or Credit accounts when you’re settled in Australia.

Opening a Bank Account in Australia from New Zealand

Many New Zealanders make the move to Australia each year, and vice versa. The great news is, opening a bank account online in Australia from New Zealand is relatively easy. Because there isn't a huge time difference it becomes easier if you'd prefer to do it over the phone too. In addition to this, some banks work out of both New Zealand and Australia. For example, ANZ bank .

Before you leave New Zealand it's a good idea to check that the name on your passport matches your other forms of identification. This way you won't have any issues when you get to Australia and need to confirm your identity at the bank.

What are the fees of opening an Australian bank account online from overseas?

Australian banks have very minimal fees linked to them, whether you apply from overseas or in Australia. If you're looking to open your account, then it won't cost you much.

That being said, it’s important to know what you’re signing up for as banks are never completely free of charges. Here is a list of the common fees attached to the standard current accounts of all of Australia’s big four banks:

ANZ (Australia and New Zealand Bank)

ANZ provides everyday banking with their Access Advantage current account.

$100 upfront for an overdraft of <$20,000

For other account fees, click here for more information.

Commbank (Commonwealth Bank)

Commbank offer an Everyday Account Smart Access current account for shopping, paying bills, withdrawing cash and more.

$4/month, 12 months free with new account

$15 per account per day overdrawn, nab (national australia bank).

NAB offers a Classic Banking current account. Once you have an Australian working visa you can apply through the migrant banking channel before you arrive in Australia. However, you won't be able to withdraw any money from your accounts until you get to Australia and visit a branch .

Westpac has a Choice current account for everyday banking. They are a great choice as they have a separate migrant banking section designated to help foreigners get set up ahead of their move to Australia.

$4/month; 12 months free with new account

Anz, commonwealth bank and westpac waive their monthly fees if you:, deposit $2,000 a month, are under 25 or over 60 years old, or a full-time student.

Depending on what type of account/s you are wanting to open, the above fees should give you a basic idea of how much a standard current account will cost you.

When applying for a bank account, you will also want to consider additional fees so that you understand what you’re signing up for including ATM fees and international money transfer fees.

ATM fees are uncommon in Australia and were largely removed back in 2017 when the four big banks - ANZ, Westpac, NAB and Commbank - agreed to eradicate charges for ATMs between their customers collectively.

Nowadays, this means that not only will you find it relatively easy to locate an ATM nearby, you'll have many more options beyond your own bank's ATM and you'll be able to withdraw your money for free.

That being said, this alliance doesn't extend to all banks in Australia. Most of the smaller providers will often still charge you an average of $2.

Some ATM fees for commonly used banks in Australia:

• 'Big four' (ANZ, NAB, Westpac and Commbank) - Free
• Citi Group ATMs - $2 excluding Westpac Customers (Free)
• Bendigo Bank ATMs - $2.50 excluding Suncorp Customers (Free)
• Bankwest ATMs - Free. $2.50 excluding Commbank Customers (Free) for use of ATMs in 7/11 stores
• St. George Bank ATMs - Free

Westpac and Commbank are our recommended choices to avoid ATM fees in Australia. They have alliances with other smaller banks as well as the big four banks too. Westpac also have what they call the Westpac Global ATM Alliance which includes deals with international banks as well as Australia - a great choice if you're going to be a frequent traveller.

International transfer fees

If you’re looking to open a bank account in Australia, you’re likely going to need to transfer some money from your current account back home to your new Australian account. Otherwise known as an international transfer, it can cost you a lot if you're not careful.

There are many options to transfer your cash in today’s technological world, and whether you’re looking for ease, value or just the fastest route, you’ve got a lot of choices.

A transfer through your bank will always have multiple fees linked so we wouldn’t recommend this route. These fees can cost you up to 8% of your total transfer:

• An upfront fee
• A service fee
• A mark up on the exchange rate

If you’re looking for alternative ways to send your cash to your new Australian account, then we recommend using our money transfer comparison table to choose the best option to transfer your cash abroad.

How can I transfer money to Australia without a bank account?

There are ways to transfer money to Australia without actually opening a traditional bank account. Although there are many benefits of opening a bank account, your circumstances may not suit doing so. We've already mentioned the TransferWise Borderless Account , but if you’re travelling from the UK, USA or Europe, then the alternative options below are also good alternatives to the big four banks:

Revolut is a British digital banking app and can be a great alternative while you get settled in your new life down under. Easy to set up, you will be automatically given a UK bank account and a Euro IBAN account when you apply. From there, it holds 29 currencies with AUD included and interbank rates when exchanging.

Not a long-term option but certainly a smart one while you get set up.

Starling Bank/ Monzo/ N26

All of these banks are app-based ‘neobanks’ and have forged a new way of banking that leaves traditional and often unfair methods behind. Easy to use, each aim to let you spend and transfer in multiple currencies without paying multiple exchange rates.

While N26 is German-based and specifically for Europeans only (since Brexit), Starling and Monzo are British-based and very easy and quick to set up. At the moment, none are available in the US.

If you'd like to read up on more options, then check out our money transfer page .

If you’re not keen to set up an Australian bank account before you arrive, both Starling Bank and Monzo are great options to spend and protect your money while you get set up in Australia. All you need is 10 minutes, identification and a UK address to apply on your phone.

Please be aware of scammers that pretend to be from HSBC. Scammers may ask you for security codes over the phone or via text messages. They might try to contact you in the same text message thread that has legitimate messages from HSBC. Never share your log on credentials or authorisation codes with anyone, such as codes to register your device for mobile banking, to verify your identity, or to authorise a transaction. Contact us now if you are worried about fraud on your account, or to learn more about common types of fraud or scams.

• Online Banking
• HSBC Invest

How to apply for an HSBC Australia bank account

Open your bank account before you arrive in australia.

Make managing your money easy with an HSBC Everyday Global Account. Apply for your account from outside Australia and take full control of your finances before you arrive.

Apply for an HSBC Everyday Global Account online

If you are applying from one of the following locations and wish to open an individual HSBC Everyday Global Account, you can do so online in Canada, Egypt, Hong Kong SAR, India, Malaysia, Philippines, Qatar, Singapore, UAE, UK, and USA * . Please note that following the sale of HSBC Bank Canada and its subsidiaries to Royal Bank of Canada, we will no longer be able to offer branch support for overseas account opening from Canada.

HSBC Everyday Global Account

• No monthly account 1 , transaction or ATM fees 2
• Make purchases in Australia, overseas and online without hidden fees 1
• Buy, hold and spend in up to 10 major foreign currencies under one account
• Banking designed for your international needs
• Earn 2% cashback on eligible tap and pay transactions in Australia under $100 3

Eligibility:

• You are 16 or older
• You have a valid reason for opening an Australian account
• You do not have an existing account with HSBC Australia
• You are currently located in one of the countries or regions listed above

HSBC Premier Everyday Global Account

All the benefits of the HSBC Everyday Global Account supported by:

• A Premium banking service with priority global support and no monthly fees
• Transfer instantly between all your global HSBC accounts, free of charge via Global Transfer 4

See all of your international accounts in one place with Global View

• You are 18 or older
• You will meet one of the following HSBC Premier criteria:
• hold qualified HSBC Premier or Jade status in another country or region; OR
• maintain regular 'money in' deposits totalling AUD9,000 into your account with HSBC Australia each month; OR
• maintain a minimum combined balance of AUD150,000 equivalent in an HSBC Australia transaction, savings 5  or HSBC Invest 6  account

Other ways to apply

If you wish to apply from a location not listed above, need to open a joint account, or are interested in opening a different transaction account, we can help you via the steps below.

If you're an HSBC Premier or Jade customer, you can contact your Relationship Manager. Otherwise, request a call back from us.

One of our International Banking Specialists will set up a phone appointment to complete the Australian account opening forms with you. 

Visit your preferred HSBC branch in your home country to verify your ID.

What do you need?

To complete your application, you'll need to provide proof of identity. We accept documents such as your passport, national ID card or driver's license.

Once all your documentation has been verified, your new account will be open in a few days. If you think you might not have enough time to complete the process before you travel to Australia, you can always open an account by visiting an HSBC branch after you arrive. Find the HSBC branch that's most convenient for you.

If you are an existing HSBC Australia customer you can apply for new products and services using online banking or the HSBC Australia app.

Ready to open an HSBC Australia bank account?

Cross-border disclosures.

If you are not located in Australia, the laws and regulations of your country of residence could affect the offering, negotiation, discussion, provision, and/or use of HSBC Australia products and services. If you are not an Australian resident, please read the specific cross-border product and service disclaimers .

You might also be interested in

Our international services.

Find out how we'll support your international journey and help you bank more easily.

Send, store and receive up to 10 foreign currencies easily with our multi-currency account.

HSBC Premier

Unlock everything HSBC Premier in Australia has to offer.

* USA Premier customers only. 

1. Other banking service fees and charges may apply.

2. Non-HSBC branded ATMs and HSBC Group ATMs in Argentina, France, Greece, Malta, Mexico and Turkiye may charge an ATM operator fee for withdrawals or balance enquiries at their ATMs.

3. You will earn 2% cashback on eligible purchases under $100 when you tap and pay with Visa payWave, Apple Pay or Google Pay™. This will be paid into your Everyday Global Account with the maximum cashback you can earn being $50 per calendar month. Eligible purchases must be made in Australian Dollars and where the merchant or its financial institution/ payment processor is registered in Australia. Purchases which are excluded for cashback include business, gambling and government transactions (including public transport). For the full exclusion list, refer to the Transaction and Savings Account   Terms .

4.  Global Transfer  allows instant transfers between your international and domestic HSBC Premier accounts, at no extra charge. Global View and Global Transfers is not available in all markets.

5. This does not include funds held in HSBC Offset Savings account or an HSBC home loan account. Savings held in a foreign currency contributes to the AUD150,000 in savings criteria. HSBC has the discretion to determine the AUD equivalent foreign currency amount based on our own internal currency exchange rate calculation.

6. HSBC Invest is a service provided by Third Party Platform Pty Ltd (“TPP”) ABN 74 121 227 905 AFSL No. 314341, a wholly owned but non-guaranteed subsidiary of Bell Financial Group Ltd (ASX:BFG), at the request of HSBC Bank Australia Limited ABN 48 006 434 162 AFSL 232595 (“HSBC”). TPP is a Participant of the ASX Limited Group and a Trading Participant of Cboe. For a copy of the terms and conditions relating to the HSBC Invest service and the Financial Services Guide for TPP, please contact us on  1300 782 811 . Neither TPP nor HSBC are representatives of each other. To the extent permitted by law, HSBC will not guarantee or otherwise support TPP’s obligations under the contracts or agreements connected with the HSBC Invest service. HSBC receives a commission from TPP for each client referral provided to TPP. TPP and HSBC do not provide investment advice in relation to HSBC Invest. You should consider your own financial situation, particular needs and investment objectives before acting on any of the information available on this website. HSBC does not guarantee or accept liability for any products offered by TPP.

How to open a bank account in Australia for foreigners

If you're migrating, studying or working in australia, you open a bank account. it's even possible to open an australian bank account before you arrive..

In this guide

What type of account do you need?

How to open a bank account in australia as a foreigner, how to compare bank accounts, benefits to foreigners of opening a bank account in australia, frequently asked questions.

Investments

If you're coming to Australia to work, study or migrate you can open a local bank account. You'll need to verify your identity in a bank branch when you arrive before you can activate and start using the account.

• Transaction account. This option is an everyday bank account to make daily purchases, pay bills, send and receive money and manage your daily expenses. You can link a debit card to your transaction account.
• Savings account. A savings account pays you interest on the money in your account: the more you have, the more interest you earn. You have to pay tax on the interest you earn, so banks require an Australian Tax File Number to open these accounts. And you may need to be an Australian resident for tax purposes.

Transaction accounts are the easiest accounts for new arrivals to open because there are no tax considerations.

Some Australian banks let you open an account online before you arrive, then 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.

To open a transaction account after you arrive in Australia, you will need the following documents:

• Your passport (the original, current passport, not a copy).
• Details of your Australian visa. Your passport may contain these details, including an arrival stamp.
• You need to provide a Tax Identification Number for the country (or countries) you are a resident of for tax purposes.
• Your student ID or a letter of enrolment (if you're on a student visa).

If any of your documents aren't in English then you'll need to bring along translations completed by an accredited translator.

Finder survey: How long do Australians keep their savings account for?

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 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.
• Immediate access to your money. If you transfer money to your Australian bank account before you leave, you'll be able to withdraw from your account as soon as you land in Australia and verify your identity with the bank.
• Lower fees when using domestic services. Moving or withdrawing money between international and Australian accounts incurs high fees, whereas you'd pay low transaction fees when using a local account.
• Professional advantage. When you open an account before leaving, you can provide your future employer with your bank details ahead of time, saving yourself time on administration.

What documents do I need to open a bank account in Australia?

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.

What are the Big Four banks in Australia?

The Big Four banks include CommBank, Westpac, NAB and ANZ which are the largest banks in Australia.

What bank account should an international student open?

Some bank accounts are more suited to students as they have minimal fees and extra features.

How safe are Australian banks?

Australian banks are very safe, and your deposit up to $250,000 is covered under the government's Financial Claims Scheme.

Alison Banney

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 profile

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Ask a Question

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62 Responses

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.

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.

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?

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?

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.

How likely would you be to recommend Finder to a friend or colleague?

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• Visa Process
• Personalised Assistance

Moving To Australia : How To Open A Bank Account From Overseas

A guide for opening an overseas bank account.

Opening a bank account is one of the first things every new migrant should do before coming to Australia. Australia is one of the very few countries that allows you to open a bank account from your home country. There are four main banks in Australia:

1. Australia and New Zealand Banking Group (or ANZ) 2. Commonwealth Bank of Australia 3. National Australia Bank (or NAB) 4. Westpac

Apart from the “Big 4” banks, there are other popular banks in Australia like Bank Of Queensland, Macquarie Bank, Bendigo Bank, AMP Bank, Suncorp Bank and Bankwest.

You can choose a bank by studying the benefits that they offer. Know Which Is The Best Banking Solution For You?

All the main banks offer the convenience of opening a bank account from overseas. This allows you to access money in your bank account when you arrive in Australia.

The process to open a bank account is smooth and hassle-free and takes no longer than 15 minutes.

1. Apply online

Submit application with personal details. Documents required for personal identification include date of birth, current place of residence etc. This can be done up to 12 months before traveling to Australia.

2. Confirm Your Identity

An executive from the bank will call you to confirm your identity, and activate the account for money transfer from overseas . This allows you to transfer money from overseas into your bank account in Australia.

3. Travel to Australia

4. activate your account.

Visit any nearest bank branch within 6 weeks of arriving in Australia. Do not forget to carry your passport and visa grant letter to establish your identity. After your account is activated, you can start operating it.

While applying online select a bank branch that is close to your place of accommodation. Your starter kit will be kept for you at that branch. Visit the branch and activate your account.

You can alternatively open an account after moving to Australia .

If you have any more queries about how to open a bank account in Australia, please contact us and we will be happy to answer your queries.

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Visa Traveler

Exploring the world one country at a time

Australia Visitor Visa: Requirements, Eligibility and Application Process

Updated: February 7, 2024

Australia Visitor Visa is the only option to visit Australia as a tourist for many nationalities. If you don’t qualify for either the Electronic Travel Authority(ETA) or the eVisitor Visa, then you will need to get a Visitor Visa.

Australia no longer accepts paper applications for the visitor visa. All applications must be lodged online through the Australian Government Immi Portal.

The Visitor Visa has subclass 600 in Australia’s visa documentation and the subtype we’re interested in is the “Tourist stream (apply outside Australia)”.

Quick summary:

• Eligibility: All nationalities are eligible
• Validity: Valid for 6 months, 1 year or 3 years with single or multiple entries
• Duration of stay: Generally, 3 months allowed stay, but up to 6 or 12 in some cases
• Visa fee: Visitors visa fee is 190 AUD
• Processing time: 50% of applications are processed in 7 days and 90% in 21 days.

If you haven’t already, read the  Australia Visa Guide  to familiarize yourself with Australian tourist visa types, requirements, eligibility and entry procedures at the border.

Table of Contents

Understanding australia visitor visa.

Visitor visa validity

The Australian Visitor visa is valid for 6 months, 1 year or 3 years from the date of issue. The validity of the visa depends on your nationality and circumstances. For example, most Indian passport holders get a 3-year valid Australian visa, whereas Phillippine passport holders get a 1-year valid visa. Pakistan nationals get a 6-month validity.

You must visit Australia within the validity of your visa.

Duration of stay

Most Visitor visas granted allow for 3 months of continuous stay in Australia. Depending on circumstances, you might be granted a stay of 6 months or even 12 months.

Allowed number of entries

Most Visitor visas are multiple-entry , but Home Affairs also issues single visas in certain circumstances for certain nationalities.

When to apply

Since the tourist visas are valid for at least 3 months, it’s a good idea to apply well in advance. Most applications get processed in 3 weeks or fewer.

Visa extension

Australia Visitor visa is non-extendable . If you need to  extend your stay in Australia , you are allowed to apply for another Visitor Visa (onshore) from within the country.

Australia Visitor Visa Requirements

Who requires a Visitor Visa?

Australia Visitor Visa is REQUIRED for all nationalities to enter Australia as a tourist, except for the below.

• New Zealand passport holders
• Electronic Travel Authority (ETA)
• eVisitor Visa
• Those transiting in Australia for less than 72 hours and can get a Transit visa .

Documents required

To support your application, you can attach as many as 60 documents online. You don’t have to attach that many but the more documents you provide, the better your chances of approval.

You have to satisfy the Home Office that:

• You are who you say you are
• You are a genuine visitor who will not overstay or work illegally
• You are of good character and not have a criminal record
• You won’t be a burden to Australia’s healthcare system

To do this, attach as many of these documents as you can :

Identity documents

• Valid passport (must be valid for the duration of the stay)
• Valid National ID card (if from a country that issues them)
• marriage or divorce certificate;
• change of name documents;
• documents that show other names you have been known by
• Residence Permit/Visa (if residence and citizenship differ)
• One passport-size photo

Genuine visitor documents

• Itemized personal bank statements for the last 3 months. Aim to have at least 5000 AUD in your bank account. The money cannot be deposited suddenly and inexplicably – it should be from legitimate sources and savings over time.
• Tax returns
• Credit card statements
• their relationship to you
• the purpose of your visit and length of stay
• if you will be staying with them
• Proof of their funds (if they will be paying for your stay)
• Your plans or travel itinerary while in Australia  
• a letter from your employer stating you plan to return to your job
• proof that you study at a school, college or university in your home country
• proof that you have immediate family members in your home country
• proof that you own a house or other major assets in your home country;
• Confirmed return flight ticket;
• Health Insurance

At a later date, you may be required to obtain and submit the following:

• Medical Certificate
• Police Clearance Certificate (PCC)

All non-English documents (except for police certificates) must be translated into English and all documents’ copies (both original and translations) must be certified.

Photo requirements

You need one passport-size digital photo for the Visitor Visa application. The photo must meet the following requirements. 

• Taken in the last 6 months
• Showing your head and shoulders against a plain background
• Neutral facial expression with mouth closed, eyes open, and looking at the camera
• Religious head coverings are allowed but must not obscure the face
• Piercing is allowed but must not cause any reflections or shadows

There is no official guidance for the size and resolution of pictures uploaded online but the file type must be JPG. You will get to move the photo to position your face within a frame.

As long as the picture is clear, crisp, and not excessively big, it will be accepted.

Visitor visa fee

The Australian Tourist Visa application fee is 190 AUD , payable online.

You may also have to pay for:

• Health checks
• Police certificates

Processing time

Australian immigration reports that 50% of applications are processed in 7 days and 90% are processed in 21 days . These periods start after you submit your biometrics (if required).

Visitor Visa Application Process

How to apply

You must apply for your tourist visa online through the Immi Portal. Applying on paper is not possible for the visitor visa anymore. Follow the below steps:

• Go to the ImmiAccount portal and create an account
• Click on “New application” and pick “Visitor Visa (600)”.
• Enter your personal information, passport details, employment details and financial information
• Upload your documents such as passport, photo, etc.
• Pay the required visa fee
• Submit the application

The Visitor Visa is part of Australia’s biometrics program. If you apply for a Visitor Visa from any of the below countries, regardless of your nationality, you must give your biometrics.

• Afghanistan
• Bosnia and Herzegovina
• Kazakhstan 
• New Zealand
• Papua New Guinea
• Philippines
• Saudi Arabia
• Solomon Islands
• South Africa
• South Korea
• United Arab Emirates

If you apply from one of these countries, you will receive an email informing you that you need to visit an Australian Biometrics Collection Centre (ABCC) to have your biometrics collected. The biometrics are usually a face photo and fingerprint scan.

You must complete the biometrics procedure within 14 days of getting this email otherwise your application becomes void without a refund!

AABCs are typically managed by VFS Global. They charge a service fee for biometric collection. This fee depends on AABC and the country you are applying from.

For example, the biometric service at AABC in Dubai, UAE is AED 109.17. The biometric service fee at AABC in Manila, Philippines is PHP 557.

How to schedule biometric appointment?

Within 24 hours of applying for your Visitor Visa, you will receive an email with a biometric request letter from Home Affairs. Follow these steps to schedule your biometric appointment.

Find the nearest ABCC to you and follow the prompts to schedule your biometric appointment.

How to attend biometric appointment?

Follow the below steps to attend your biometric appointment at an AABC.

• Arrive at the AABC at least 15 minutes before your appointment time
• Original passport
• Biometric appointment confirmation
• Biometric fee receipt and
• Biometric request letter received in the email from Home Affairs
• Your facial photo is taken and your 10 fingertips are scanned

What if you can’t attend your appointment?

If you can’t make an appointment, you can reschedule your appointment up to 24 hours before your scheduled appointment date and time. You can reschedule up to 2 times.

What if you miss your appointment?

If you miss your scheduled appointment, you will lose the fee paid as the biometric fee is nonrefundable. You will also have to wait 24 hours to schedule a new appointment.

How to track status

You will receive the status of your application in your email. You can also track the status of the visa in your ImmiAccount.

How to download approved visa

When your Visitor Visa is approved, you will receive a grant letter in your email from Home Affairs. The grant letter is your Visitor Visa.

The Visitor visa is electronically linked to your passport, so you don’t need to download or print your Visitor Visa.

If you’re ever asked to show any proof, you can use the Grant Notification you received in your email. You can also download it from your ImmiAccount under “Visa Grant Details”.

How to check the validity of your Visitor Visa

The expiration date of your Australia eVisitor visa is indicated as “Must not arrive after” on the visa letter. If you lost your grant letter or don’t have a copy of your Visitor Visa, you can check the validity details on the Visa Entitlement Verification Online (VEVO) portal by using either your Visa Grant Number or Transaction Reference Number.

Customer service

Refer to the Self-help Guidelines for information to troubleshoot any issues. If facing issues with your ImmiAccount or the Visitor visa application, contact customer service using the below webform

Web: ImmiAccount Technical Support Form

Procedure at the border

The Visitor Visa is digitally attached to your passport so you don’t need to print anything. When you enter Australia, simply present your passport and be ready to answer a few basic questions about your visit.

Eligible passport holders can use the Smart Gates for faster arrival and departure procedures.

All visitors including Australian citizens are required to fill out an Incoming Passenger Card on arrival.

Frequently Asked Questions (FAQs)

How long does it take to get an australian tourist visa.

It can take up to 3 weeks to get an Australian tourist visa, especially if submitting your biometrics. It can be faster or slower depending on where you are applying from, your circumstances and the number of documents you submit.

How hard is it to get a tourist visa to Australia?

It is easy to get a tourist visa to Australia if you submit a complete application with as many documents. You must convince the Home Office that you won’t overstay or break the conditions of the visa.

How much bank balance is required for Australia tourist visa?

Australian Home Office doesn’t specify the minimum bank balance required for a tourist visa. Your bank account must show continuous cash flow and not a lump sum deposited recently. 

Based on the reports from travelers reports and recommendations from embassies, you should aim for at least 5,000 AUD in your bank account when you apply.

Can you get a 3-year visitor visa to Australia?

Yes, you can get a 3-year visitor visa to Australia if are from an eligible country and meet the requirements. Australian Visitor Visa is issued for 6 months, 1 year or 3 years depending on your nationality and circumstances. For example, Indian nationals can get an Australian tourist visa valid for 3 years.

WRITTEN BY THIRUMAL MOTATI

Thirumal Motati is an expert in tourist visa matters. He has been traveling the world on tourist visas for more than a decade. With his expertise, he has obtained several tourist visas, including the most strenuous ones such as the US, UK, Canada, and Schengen, some of which were granted multiple times. He has also set foot inside US consulates on numerous occasions. Mr. Motati has uncovered the secrets to successful visa applications. His guidance has enabled countless individuals to obtain their visas and fulfill their travel dreams. His statements have been mentioned in publications like Yahoo, BBC, The Hindu, and Travel Zoo.

PLAN YOUR TRAVEL WITH VISA TRAVELER

I highly recommend using these websites to plan your trip. I use these websites myself to apply for my visas, book my flights and hotels and purchase my travel insurance.

01. Apply for your visa

Get a verifiable flight itinerary for your visa application from DummyTicket247 . DummyTicket247 is a flight search engine to search and book flight itineraries for visas instantly. These flight itineraries are guaranteed to be valid for 2 weeks and work for all visa applications.

02. Book your fight

Find the cheapest flight tickets using Skyscanner . Skyscanner includes all budget airlines and you are guaranteed to find the cheapest flight to your destination.

03. Book your hotel

Book your hotel from Booking.com . Booking.com has pretty much every hotel, hostel and guesthouse from every destination.

04. Get your onward ticket

If traveling on a one-way ticket, use BestOnwardTicket to get proof of onward ticket for just $12, valid for 48 hours.

05. Purchase your insurance

Purchase travel medical insurance for your trip from SafetyWing . Insurance from SafetyWing covers COVID-19 and also comes with a visa letter which you can use for your visas.

Need more? Check out my travel resources page  for the best websites to plan your trip.

LEGAL DISCLAIMER We are not affiliated with immigration, embassies or governments of any country. The content in this article is for educational and general informational purposes only, and shall not be understood or construed as, visa, immigration or legal advice. Your use of information provided in this article is solely at your own risk and you expressly agree not to rely upon any information contained in this article as a substitute for professional visa or immigration advice. Under no circumstance shall be held liable or responsible for any errors or omissions in this article or for any damage you may suffer in respect to any actions taken or not taken based on any or all of the information in this article. Please refer to our full disclaimer for further information.

AFFILIATE DISCLOSURE This post may contain affiliate links, which means we may receive a commission, at no extra cost to you, if you make a purchase through a link. Please refer to our full disclosure for further information.

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How to Open an Australian Bank Account

Last Updated: January 15, 2024 References

This article was co-authored by wikiHow Staff . Our trained team of editors and researchers validate articles for accuracy and comprehensiveness. wikiHow's Content Management Team carefully monitors the work from our editorial staff to ensure that each article is backed by trusted research and meets our high quality standards. This article has been viewed 38,385 times.

There are several reasons why one would choose to open an Australian bank account. Perhaps you are relocating to Australia, perhaps you are a traveler looking to open an account with a tourist visa, or perhaps you are simply an Australian citizen looking to open an account for daily use. Whatever your reason, you can quickly and easily open an Australian bank account by following a few steps.

Opening an Account When You are Moving to Australia

• If you prefer, you may also be able to apply by phone.
• You will still need to scan or fax some identifying documents.

Opening an Account on a Tourist Visa

• Australia allows you to open an account on a tourist visa.
• As a non-resident, you will still receive tax breaks.
• Your account will come with a Visa/Mastercard debit card that can be used internationally.

Opening an Account as an Australian Citizen

• Depending on your bank and type of account, you may need to meet a certain minimum deposit in order to open your account. [14] X Research source

Expert Q&A

• Monthly service fees
• Foreign currency conversion fees
• Foreign exchange sending/receiving fees

You Might Also Like

• ↑ https://www.commbank.com.au/personal/can/moving-to-australia/setting-up-your-banking.html
• ↑ http://www.westpac.com.au/personal-banking/bank-accounts/transaction/choice/online-identity-verification/
• ↑ https://www.anz.com/unitedkingdom/en/personal/moving-australia/getting-started-australia/activating-bank-account/
• ↑ http://www.westpac.com.au/personal-banking/bank-accounts/moving-to-australia/
• ↑ https://www.freedomsurfer.com/australian-bank-account/
• ↑ https://www.commbank.com.au/personal/accounts.html

About this article

If you’re moving to Australia and you want to open an Australian bank account, choose one of the country’s 4 major banks based on the one that fits your needs best. These are Westpac, Commonwealth Bank, NAB, and ANZ. If you will be using the account for daily purchases, opt for a checking account, or choose a savings account if you just need a place to hold your money. To open the account, provide your social security or ID number, your birth date, and your residential address, along with proof of your identity, like a passport. For tips on verifying your ID, read on! Did this summary help you? Yes No

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Open a bank account

Opening an account is easy, and it only takes minutes online.

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Migrant banking, eligibility criteria, linked transact and savings accounts.

With ANZ Plus you'll get linked transaction and savings accounts designed to help you spend less and save more.

ANZ Plus + ANZ Save

What you'll get:

• ANZ Plus : an everyday transact account that helps sort your spending
• ANZ Save : a multi-goal savings account that can track up to 99 goals
• Get  p.a. interest  on ANZ Save balances under $250k disclaimer You can earn interest this way until 1st September 2024, after which additional criteria will apply.
• No monthly account fees or withdrawal fees at some ATMs disclaimer

Explore ANZ Plus

Easy, secure access to your money for all your day-to-day payments, purchases and bills.

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Offers affordable and convenient banking for Concession and Health Care card holders. disclaimer

Save and earn interest to help you reach your short and long term goals.

An online savings account where you can earn up to   for 3 months. disclaimer disclaimer

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Manage your investment cash flow or hold money for your next investment opportunity. 

Enjoy a known rate of return for your choice of term, so you know exactly what your investment will be worth.

ANZ Advance Notice Term Deposit

Enjoy the certainty of fixed returns over the investment term of your choice. You may also get a higher competitive fixed interest rate compared to our ANZ Term Deposit. disclaimer disclaimer  

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Enjoy the security of a fixed rate of interest over the investment term of your choice. disclaimer  

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A cash account for self-managed super fund trustees to manage your cash.

Self managed super is easier than ever, with all you need to use, move and manage your SMSF cash in one place.  

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If you're currently overseas but planning to move to Australia , you can apply for an account when you arrive.

Possible accounts

Looking for a new bank account?

We've got a handy tool for that..

Our bank account comparison tool will show you some options side-by-side for term deposits, everyday transaction and savings accounts. Compare bank accounts

Online identification requirements

• For individuals 15 years and older
• Australian residential address
• Australian passport, Australian drivers licence or international passport

ANZ Access Advantage, ANZ Online Saver, ANZ Progress Saver

If you're a new customer, you'll need to provide any two of the following:

• Australian Passport (current or one that has expired within the last 2 years)
• Australian Visa in foreign passport
• Australian driver’s licence
• Australian Medicare card

For more information on methods to complete your identity check, please refer to our Identity Conditions page.

In-branch identification requirements

In-branch application is not available for anz plus..

If you're a new customer, you'll need to provide: one form of Primary ID or two Secondary IDs. Examples of each are listed below. To find out more and see the full list of acceptable forms of identification documents read  Customer Identification Process (CIP) - Acceptable Identification Documents (PDF) .

Examples of Primary ID

• Australian photographic driver's licence or learner's permit
• Australian Passport (current, or one that has expired within the past two years)
• Foreign passport  disclaimer
• Australian or Foreign citizenship certificate disclaimer
• Australian state/territory government issued Proof of Age card
• Government issued National Identification card

Examples of Secondary ID

• Birth certificate (can be issued by an Australian State or Territory, or Foreign Government) disclaimer
• Australian School attendance letter issued by principal to person under 18, recording residential address and period of attendance (less than 3 months old)
• Australian Taxation Office (ATO) assessment notice (less than 12 months old) with name and address

For ANZ Plus

Book a Financial Wellbeing workshop with one of our coaches.

Or, Download ANZ Plus to join ANZ Plus for free.

For all other ANZ everyday or savings accounts

Call us on 13 13 14  Monday to Friday from 8am to 8pm (AEST).

Use our branch locator to find an ANZ branch  near you.

Book a branch appointment  online.

Important information

Advice does not take into account your personal needs, financial circumstances or objectives. Please consider if it is appropriate for you and read the  terms and conditions , Product Disclosure Statement and Financial Services Guide before acquiring any product. See ANZ Plus Terms & Conditions for ANZ Plus and ANZ Save accounts. Applications for credit subject to approval. Terms and conditions available on application. Fees and charges apply.

Images and features shown are iOS versions. Feature availability and design may differ based on the device, operating system, or ANZ Plus app version.

A single interest rate applies to and is determined by the balance of your ANZ Save account (see  here  for more about what’s included in your balance). A lower rate will apply across your entire ANZ Save balance if it is $250,000 or more. You can earn interest this way until 1st September 2024, after which additional criteria will apply that may affect how much interest you earn. Interest is calculated daily, paid monthly and rates are subject to change.

Transaction fees may apply, see the  ANZ Plus and ANZ Save Accounts T&Cs  for details of these fees.

The ANZ App is provided by Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Super and Insurance (if available) are not provided by ANZ but entities which are not banks. ANZ does not guarantee them. This information is general in nature only and does not take into account your personal objectives, financial situation or needs. ANZ recommends that you read the ANZ App Terms and Conditions available here for iOS (PDF) and here for Android (PDF) and consider if this service is appropriate to you prior to making a decision to acquire or use the ANZ App.

Refer to ANZ Savings & Transaction Products Terms and Conditions (PDF) for criteria. 

ANZ Online Saver is only available to customers who open or who are the account holders of, or signatories to, eligible ANZ everyday banking accounts with ANZ Internet Banking or ANZ Phone Banking access. Eligible accounts include ANZ Access Advantage, ANZ Access Basic, ANZ Pensioner Advantage, ANZ Progress Saver, ANZ V2 PLUS and ANZ Premium Cash Management Account. Terms and conditions and fees and charges apply to the eligible account.

Open your first ANZ Online Saver account and you'll receive an introductory fixed bonus rate of % p.a. for 3 months, on top of the ANZ Online Saver standard variable rate (currently  ).  After 3 months, the ANZ Online Saver standard variable rate, applicable at that time, will apply. The introductory fixed bonus rate is only available on the first ANZ Online Saver account opened by customers who have not held an ANZ Online Saver in the last 6 months. In case of joint account holders, the introductory fixed bonus rate offer will only be received if all customers are eligible.

Bonus interest is subject to eligibility. ANZ Progress Saver pays bonus interest (in addition to the current variable base interest) in respect of a particular month if the set minimum deposit (currently $10) and no withdrawals, fees or charges are processed to the account on or before the last business day of that calendar month, and after the last business day of the previous calendar month. Bonus and base rates are variable and subject to change.

An ANZ Advance Notice Term Deposit has a 31 day notice period. This means that if you request an early withdrawal or transfer of all or part of your funds, the funds will not be provided until the 31st day after the request (or, where that is a non-business day, on or before the next business day). An administration fee of $30 will be charged and the account will incur an interest reduction in respect of the money withdrawn or transferred early in accordance with the  ANZ Savings and Transaction Product Terms and Conditions (PDF) . If you may have a need in the future to immediately withdraw or transfer funds, other deposit products may be more suitable for you.

Different interest rates apply to different investment amounts, terms and interest frequencies. Early withdrawal fees will apply and the account will incur an interest reduction in respect of the money withdrawn or transferred early. Rates current as at   and are subject to change. 

If your identification document is written in a language other than English, you must provide a translation into English by a translator who is accredited by the National Accreditation Authority for Translators and Interpreters.

A Comprehensive Guide to Opening an Australian Bank Account (Even For Non-Residents Online)

Byron Mühlberg

Monito's Managing Editor, Byron has spent several years writing extensively about financial- and migration-related topics.

Jarrod Suda

A writer and editor at Monito, Jarrod is passionate about helping people apply today’s powerful finance technologies to their lives. He brings his background in international affairs and his experiences living in Japan to provide readers with comprehensive information that also acknowledges the local context.

Links on this page, including products and brands featured on ‘Sponsored’ content, may earn us an affiliate commission. This does not affect the opinions and recommendations of our editors.

Opening a bank account in Australia as a non-resident is a relatively straightforward process. Unlike opening bank accounts as a non-resident in the UK, the US, or Canada, Australian banks have straightforward, online application forms you can use to create an account from outside the country.

Australian banks operate under the assumption that you will start residing in Australia shortly after opening the account — if you don’t intend to move there, your options are more limited. Take a look at our in-depth guide to explore your options for opening an Australian bank account from abroad if you plan to reside there in the next 12 months:

In short, here's our recommendation for opening a bank account in Australia:

• Without proof of residence:   Wise Account , which comes with Australian bank details and a Visa debit card to spend in 50+ currencies, including AUD. Spend and get paid like a local.
• With proof of residence:  Both Hay and Up are excellent choices for residents. Up is fully licensed and can issue you credit products. Hay has an impressive no-fee schedule, especially for travellers.

Open a Bank Account Online in Australia

• 01. What is banking like in Australia? scroll down
• 02. Option 1: Using a local Australian bank (address required) scroll down
• 03. Option 2: Opening a digital account (address required) scroll down
• 04. Option 3: Using Wise (address not required) scroll down
• 05. How to send money to your Australian bank as a non-resident scroll down
• 06. FAQ about Australian bank accounts for non-residents scroll down

Key Facts About Banking in Australia

Overview of opening a bank account in australia from overseas.

Unlike many other countries, Australia's banking system allows foreigners to sign up for bank accounts abroad. Non-residents must simply find the bank of their choice, navigate to their account opening web portal, and begin the application process.

Banks will generally set limits on your basic account until you move to Australia and become an official visa holder or permanent resident. Upon verification of your residency and identity, you can enjoy your bank account services in full.

If you intend to open an Australian bank account, it's helpful to know what the advantages are:

• You can deposit money from outside the country and have it available as soon as you arrive in Australia,
• You'll be charged lower fees for accessing domestic banking services in Australia than if you bank internationally,
• You can easily provide your bank information to employers so they can pay your earnings directly into your account,
• You can also provide your banking details to utility companies, rental agencies and others to make it easier to manage your bills.

Types of Bank Accounts in Australia

Most banks in Australia offer everyday transaction accounts (checking or current accounts) and savings accounts. We recommend starting with an everyday account and then opening a savings account when you arrive. Many banks will also offer credit card accounts, but these can be difficult to open from outside the country as you won't have a credit history.

Australian everyday transaction accounts provide services like:

• online banking,
• bill payment,
• other payments,
• account transfers,
• direct entry and direct debits,
• recurring payments,
• debit cards,
• ATM withdrawals.

What Documents Do I Need To Open an Australian Bank Account as a Foreigner?

Although the types of documents and information you need to open an Australian bank account will vary between banks, you will be asked to provide one of the following:

• your passport,
• your home country driver's license,
• your national identity card.

Secondary items that you may need to support your application:

• proof of address in Australia,
• recent utility bill,
• current tenancy or lease agreement,
• registration from the Australian Taxation Office,
• Australian marriage certificate,
• Australian higher education ID card.

Option 1: Traditional Australian Banks

The good news about the Australian banking system is that it is pretty open to allowing foreigners to open accounts online. Before entering the country, you may choose an Australian bank and sign up for an account online or over the phone.

Upon arrival, you will need to go to your local branch to confirm your identity. Until this happens, you may not have access to the bank's complete financial services. Several prominent Australian banks will allow you to open an account as a non-resident:

• The Commonwealth Bank of Australia, also known as CBA or CommBank, is the country's largest bank and has the most branches, with over 1,000.
• The Australia and New Zealand Banking Group (ANZ), commonly called ANZ, serves over six million customers from over 800 branches and over 2,500 ATMs.
• National Australia Bank (NAB) is another large financial services provider with hundreds of branches.
• Westpac rounds out the "Big Four" banks in the country and serves millions of customers from its 800 branches.

Let's explore how to open an account from overseas with each of these banks.

Opening a CommBank Account From Outside Australia

You can open an account with CommBank up to three months before you arrive in Australia. When you visit a CommBank branch after arriving, they will fully activate your account, and you can use all the regular account services.

• You can open an account online or contact CommBank's international team
• CommBank requires that you are aged 14 years or older, that you have arrived in Australia in the last three months or will arrive in the next three months and that you are opening the account in your name
• You will need to complete a short application form, visit a branch when you arrive in Australia and provide your tax information and passport

Here's some additional information from CommBank:

• "You should complete the application form with your Australian details if you know them ahead of your move. For example, if you know your new Australian address, apply using that. If not, use your overseas address."
• "Once you have completed the application form, you can immediately transfer money into your account. However, you will need an ID check in the branch to take money out of the account and have full access to NetBank and the CommBank app."
• "If any of your documents are in a foreign language, you'll need to get them translated into English by a professional translator accredited by the National Accreditation Authority for Translators and Interpreters (NAATI) or an equivalent accreditation."

Opening an ANZ Account From Outside Australia

ANZ allows you to open an account online from outside the country, which takes around five minutes. Once you've opened your account, you can use limited services until you visit an ANZ branch and have your account fully activated.

• You can apply for an ANZ account online ,
• There are two types of accounts available: ANZ Access Advantage (an everyday account) and Online Saver (a savings account),
• You will need your tax information,
• ANZ will email you within two days and provide account details,
• You can transfer funds into your account before you arrive,
• ANZ will call you to set up internet banking,
• When you activate your account by visiting a branch, you will get a debit card and full access to account services.

Opening a NAB Account From Outside Australia

NAB makes it easy for migrants to get a new bank account. You can open your account up to twelve months before you arrive, and you'll need to be at least 18 years old.

• You can apply for a NAB account online ,
• You can get a NAB Classic Banking account for everyday transactions and a NAB iSaver account for savings,
• You will need your passport number, email address and travel documentation / Visa information,
• You will need to know the date of arrival and the city you'll arrive in,
• Opening a bank account with NAB takes up to three business days,
• Once you've opened your account, you can deposit funds and view your balance through NAB Internet Banking,
• When you arrive in Australia, visit a NAB branch to activate your account and get a debit card.

Opening a Westpac Account From Outside Australia

Although the information on opening an account with Westpac is more limited than the other banks, they still allow people outside Australia to set up an account.

• You can apply for a Westpac account online ,
• You can get a Westpac account up to 12 months before you arrive in Australia,
• Once opened, you can deposit money into your account,
• You can withdraw funds once you've completed an identity check in Australia.

Option 2: Digital Banks

Digital or online banks are fintech companies offering all or most banking services. The main difference is that they don't operate out of branches. By saving costs from delivering banking services online instead of physical branches, digital banks are generally free to open and charge zero monthly maintenance fees. They often offer a more limited range of services than traditional banks but at a fraction of the price.

Let's take a look at some of the major digital bank offerings available to Australian residents:

Perhaps the world's best-known online bank, Revolut is available in Australia. It's not yet licensed as a bank there, so your account will not have an Australian account number. You can use it to send money to friends, spend without international transaction fees, and invest in stocks and other securities. Opening a current account doesn't require proof of residence in Australia.

• Trust & Credibility 8.9
• Service & Quality 7.9
• Fees & Exchange Rates 8.3
• Customer Satisfaction 9.4
• Account Name:  Standard
• Account Type:  Current (Lithuanian bank details).
• Total Cost:  A$0 per month.
• Noteworthy Features:  Multi-currency balances, 0% foreign transaction fee.
• Proof of Address:  Australia (or the UK, EU, Iceland, Liechtenstein, Norway, or Switzerland).
• More Info:  See our full  Revolut review .

Up is a licensed digital bank in Australia whose mission is to help young people gain control over their finances. The account is accessible from their mobile app, which comes with automated savings features, budgeting, and bill payments. They also offer a home loan service and provide advice on how to save up for a mortgage.

• Account Name:  Up Everyday
• Account Type:  Current (Australian bank details).
• Noteworthy Features:  0% foreign transaction fee, budget tracking.
• Proof of Residency:  Australia.

Hay is a fully-mobile bank account that offers several perks to everyday spenders and frequent travellers. In addition to zero monthly fees, transfer fees, ATM fees, and set-up fees, Hay and its Visa debit card charge absolutely no exchange rate margin when you spend abroad. Also, receive 1% cashback on everyday purchases worth $10 or less.

• Noteworthy Features:  Multi-currency balances. No exchange rate margin from either Hay or Visa.

Option 3: Wise

The bank accounts we’ve mentioned above require you to move to Australia to get full access to your account. If you’d like an Australian account without moving there, you have another option — the Wise Account .

How To Open an Australian Bank Account Without Living There

The main advantage of the Wise Multi-Currency Account is that it gives you unique and personal local bank details in several countries including Australia , but also the US, UK, Eurozone, New Zealand, Canada, Singapore, and 4 others. This means you can use a Wise Multi-Currency Account to be paid like a local in various countries and currencies without the usual fees.

Once you get paid in AUD in your multi-currency account, you can either use Wise 's powerful money transfer services to send money to your principal bank account wherever in the world or start spending your AUD balance with Wise's Multi-Currency debit card in your currency with only small foreign exchange fees.

Product Features

Regardless of whether you have a virtual or physical card, once you're signed up for Wise, you'll be able to take advantage of the following unique features:

• local bank details in the EU, the USA, the UK, Australia, New Zealand, Singapore, Romania, Canada, and Hungary,
• hold, exchange, and top-up up to 56 currencies,
• a multi-currency Visa debit card that's handy for paying in foreign currencies without hidden fees,
• access to  Wise 's powerful international money transfer service right from your account balance.

How To Send Money to Australia

Sending money using your domestic high-street bank to an Australian account will be one of the most expensive options. Banks typically have high fixed fees and offer exchange rates worse than you can get elsewhere.

Instead, we recommend using a specialist currency exchange provider . You’ll almost always pay lower fees, and you’ll get more competitive exchange rates. 

Fees and Weak Rates With High Street Banks

For example, if you’re sending a transfer from Citibank in the U.S. to Australia, you can expect to pay a wire transfer fee of $25 to $35. You’ll also pay more in hidden exchange rate fees:

• For example, the market interbank rate for converting USD 500 to AUD means you’d get AUD 724,
• Citibank offers a weaker rate that would get you AUD 711, not taking into account their wire transfer fee,
• The Citibank exchange rate is around two percent worse,
• With an AUD 35 transfer fee, you’d only get AUD 662, which means you’d pay about $50 in fees.

Citibank fees and exchange rates are similar to what other banks charge. Fortunately, you’ve got plenty of alternative options for sending money overseas to an Australian bank account.

How to Send Money Cheaply to Your Australian Bank Account From Overseas

We provide a simple, easy-to-use comparison tool to find low-cost providers and great exchange rates.

For example, the total amount you could deposit in AUD if you’re sending USD 500 would be as follows with various providers, including fees and exchange rates:

• Wise : $718 AUD, $56 more than Citibank,
• WorldRemit : $713 AUD, $51 more than Citibank,
• PayPal : $695 AUD, $37 more than Citibank,
• Xoom : $677 AUD, $15 more than Citibank .

Make your money go further when sending money to Australia:

Faq about australian bank accounts for non-residents.

The Wise Multi-Currency Account is the easiest bank account to open online in Australia. With no requirement for proof of residency in Australia, you can still get full Australian bank account details. Hold AUD and 50+ other currencies to spend like a local and get paid like a local.

Since Australia allows foreigners to open bank accounts online while overseas, you need to go to the website of your bank of choice. Then, you can sign up from their portal. You will need proof of identity and proof of your future residency in Australia, such as a statement from a utility bill, Australian higher education, employer, or Australian tax service.

Yes, non-residents can open bank accounts in Australia online. However, they must become visa holders and residents in order to access full services.

No, tourists cannot open a bank account in Australia unless they intend on becoming permanent residents. You can apply for an account as a non-resident. When you obtain a residence visa for over 3-months, only then may you gain full access to a bank account in Australia.

Banking Guides for Non-Residents, Expats & Travelers

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Open a bank account in Australia

If you plan to travel and work in Australia, opening a bank account will be one of the first steps to take when you arrive . When you get a job, your employers will need to pay your wages into an Australian bank account. For day-to-day living and expenses, it will also be much cheaper and easier to have an account in Australia. Opening a bank account in Australia is relatively quick and easy. It is even possible to start the process from abroad. Here is all the information you will need to create your Australian bank account.

Table of Contents

Why open a bank account in Australia?

Here are the main advantages to opening a bank account in Australia:

• You will be able to receive a salary from an Australian company
• Avoid additional fees for using a foreign bank card
• You can transfer money from your home account to Australia and vice versa for cheaper
• Withdraw money from an ATM without worrying about fees
• Make online purchases
• Simplify the procedures in the event of loss of your credit card
• Australian credit cards are accepted everywhere, and you’ll have access to a large network of ATMs.

Remember to open a bank account as soon as you arrive in Australia . Opening an account more than 6 weeks after arriving in Australia is a bit more complicated. You will be asked for additional documents. You need 100 points to create your account. For example: passport = 70 points, international drivers licence with picture = 40 points.

How to open a bank account in Australia?

To open a bank account, just go to the bank of your choice and set up an appointment. A bank teller is then going to give you all the information you need to know to open your account.

What documents are required to open a bank account in Australia?

• Your passport
• A phone number (preferably an Australian one – you can update this online later)
• Your Tax File Number (you can add it later if you don’t have it yet)
• Postal address in Australia (It can be your address, the address of a friend or the post office if you haven’t got a place to stay yet)
• You may also be asked your tax number in your home country (if applicable).

In parallel with your bank account, your online banking account will also be created. This will allow you to manage your different accounts easily online. We also advise you to download the bank’s smartphone app to facilitate transfers between your accounts, monitor your expenses, etc.

And once my bank account is open?

Once your bank account is open, your bank will give you a credit card . This is in general free. You can use your card to withdraw cash, pay for purchases in stores and buy products online. We tell you more below.

You will be able to receive money into your account, from Australia or overseas. You can also make transfers online, via electronic transfer or a bank. If you want to transfer your money internationally, we advise you to go through a transfer platform to save money.

Can you open a bank account in Australia from abroad?

It is possible to open a bank account in Australia from abroad with some of the banks. However, once you arrive in Australia, you will need to go to a branch of your chosen bank to finish the process. You will have to show your passport to confirm your identity and order your bank card. Banks such as NAB and Commonwealth are among the ones with which you can open an account before arriving in Australia.

Choosing the right Bank

It’s all well and good to open a bank account, but with which bank and why? Everybody is going to be asking themselves this question. Even if bank services are generally pretty similar, each bank has its own particularities. It is necessary to take into account certain criteria such as:

• Bank coverage throughout Australia (you want to be able to find ATMs from this bank in all states and territories of the country)
• Whether bank fees are fixed or not
• The interest rate of the different savings accounts offered
• If the bank offers a superannuation account
• If there are any partnerships with banks in your home country

Major banks in Australia

• Commonwealth

The four most popular banks are Westpac, ANZ, NAB and Commonwealth. You will always find one of these in all states and territories of Australia.

What should I consider when selecting a bank?

Selecting the right bank is a crucial decision when opening a bank account in Australia. The choice you make can impact your overall banking experience, fees, and the quality of services you receive. Here are some essential factors to consider:

Fees and Charges

• One of the first things to examine is the fee structure of the bank. Different banks have varying fee schedules, including monthly maintenance fees, ATM withdrawal fees, overdraft charges, and foreign transaction fees. Look for a bank that offers a fee structure that aligns with your financial needs and usage patterns.

Interest Rates

• If you’re opening a savings account, it’s crucial to compare interest rates offered by different banks. A higher interest rate can help your savings grow faster over time. Check whether the bank offers competitive rates for the type of account you want.
• Consider the bank’s ATM network. Some banks have extensive ATM networks across Australia, making it convenient for you to withdraw cash without incurring additional fees. Others may charge fees for using ATMs outside their network.

Customer Service

Good customer service is essential for resolving issues and answering questions. Look for banks with a reputation for excellent customer support, available through multiple channels (phone, email, chat).

Online and Mobile Banking

• Evaluate the bank’s online and mobile banking capabilities. A user-friendly digital platform can simplify your banking tasks, such as checking balances, transferring funds, and paying bills. Ensure that the bank’s app or website meets your needs and is easy to navigate.

Accessibility of Branches

• Depending on your location and preferences, you may want to consider the availability of physical branches. Research whether the bank has branches or partner branches in your area.

Account Features

• Compare the additional features and benefits offered by different banks. This could include features like overdraft protection, rewards programs, linked accounts (e.g., savings and checking), and mobile check deposit.

Useful tips

• Do your research in advance : Before you leave, take the time to compare what different banks have to offer and check whether you can open an account remotely.
• Be prepared to provide an address in Australia : Even if it’s just a temporary address, you’ll need it to open your account.
• Consult other WHV makers: The groups and Facebook pages of WHVs in Australia can be an excellent source of information and advice on the best banks and the steps to take. Research the bank’s reputation and read reviews from current and former customers.

Types of Bank Accounts in Australia

There are two main types of bank accounts:

• Everyday account : You receive a bank card and you are able to withdraw money, pay online and in shops, and receive payments.
• Savings account : These accounts give you interest on your savings.

Which one to choose? Both! Without going into all the financial advantages you can get, let’s talk about a key factor for your Australian road trip: saving.

It is smart to use a savings account to “store” the majority of your money. You can use your current account for your daily expenses, and transfer money from your savings account if you start to run low. That way, if you lose your bank card or if it gets stolen, you don’t risk losing all your money. Of course, banks have insurance that enable you to get your money back eventually, but the process can take time.

Get a credit card in Australia

Opening a current account with a bank gives you access to a bank card. With one of these, you will be able to:

• withdraw money from ATMs (free of charge from your bank’s ATMs – otherwise, in general $2 from other banks’),
• deposit money (at some ATMs),
• pay for your purchases in store or online.

The card is a Debit Card ( MasterCard or Visa ). Make sure you have the “Paypass” option on your card, which will allow you to make contactless payments up to $100 without having to enter your PIN. (Of course, this means that if you lose your card you must cancel it immediately.)

Your card can be sent to you by post within an average of 5 working days . A second letter will then be sent containing your PIN code (which you can change later if you want). You can also request the withdrawal of your card at the counter of the bank of your choice. In any case, it will be necessary to activate your card. You can do this at a distributor, or from your personal account on the Internet.

How to transfer money from your overseas account?

Generally, you will have two different options to transfer your money to Australia. Either you go through your bank (classic account-to-account transfer), or you go through an international transfer platform (recommended).

Transferring your money through your home bank can end up costing you quite a lot in fees. When chatting with other backpackers, you’ll realise the most popular option is to a money transfer platform like Currencyfair  or  Wise . Indeed, the exchange rates will be much more to your advantage if you go through a specialised platform. Plus, the fees are fixed so you know exactly what to expect when you transfer money.

If you go through a platform , you will have to add the IBAN of the platform as the beneficiary of your transfers to your home bank account. Then the platform will make the transfer to your beneficiary account in the chosen currency. Keep in mind that it takes 1 to 3 days (depending on the bank) for the IBAN to be validated. To add this IBAN to your beneficiaries, log into the issuing bank account (the one from which you are transferring the money).

Transfer money to Australia

Save money when transferring money to Australia.

Opening a superannuation account

Superannuation is a kind of retirement savings plan . It is a contribution that is paid by your employer and sent to a contribution fund. This contribution must be paid in addition to salary for all employees over 18. It represents 11% of your salary (since July 2023). You are entitled to superannuation even if you are on a WHV, student visa, etc. This applies to all workers in Australia.

Be aware that most major Australian banks offer a Superannuation account. It can be a good option to combine your current bank and superannuation to simplify the process. For example, if you open an account with Westpac, the bank will offer you the option to open a superannuation account with BT, their partner.

Superannuation withdrawal is only accessible to Australians once they have retired (or in certain special cases, such as for a contribution in the case of a real estate investment). Non-residents can recover part of their superannuation once they leave their territory and their visa ends.

Read also : Claim your superannuation when leaving Australia

What payment methods are used in Australia?

In Australia, commonly accepted payment methods include:

• Credit and debit cards : Credit cards such as Visa, MasterCard and American Express are widely accepted in stores, restaurants and hotels.
• Cash : Cash is widely accepted in shops, restaurants and hotels.
• Electronic transfers : Electronic transfers are also commonly used in Australia to make payments online or to transfer money between bank accounts.
• Mobile payments : Mobile payments such as Apple Pay, Google Pay and Samsung Pay are very popular in Australia.
• Cheque : this method of payment is hardly ever used in Australia, except by government bodies for refunds (it also works for foreigners).
• Direct debit : here you authorise a third party to take money from your bank account at regular intervals (once a month, for example). This is very useful for recurring payments such as rent or your telephone bill.

It’s important to note that payment options may vary by location or type of business, so it’s best to check with the merchant before making a purchase.

Closing your bank account

Closing your Australian bank account is even easier than opening it. You can either go to your bank in person and ask or do it over the phone , from Australia or abroad. You will need to prove your identity and give your card details (number, expiry etc).

Of course, remember to pay all your bills, fines and other charges before closing the account. If there is money left in the account, you will either have to transfer it before closing or provide the details of an account where you can transfer the money (pay attention to transfer fees in this case). If, on the contrary, the account is in overdraft, you will have to pay this off before closing the account.

Do not forget to take the necessary steps to recover your Superannuation if your fund is linked with your bank! Also remember to contact your bank before you leave Australia to inform them that you are leaving the territory and, for example, to deactivate the security service for managing your online account. With Westpac, you can choose to deactivate the security SMS to add a beneficiary to your account, for example.

Yes, both residents and non-residents can open bank accounts in Australia, but the requirements may vary.

Yes, many Australian banks allow future residents to open an account online before arriving in Australia. This can be particularly useful for transferring funds and having an account up and running as soon as you arrive.

It depends on the bank and the type of account. Some banks offer accounts with no maintenance fees for students or working holiday visa holders, while others may charge a monthly fee. It’s important to check and compare fees before opening an account.

A TFN is not always required to open an account, but you will be asked for it for tax purposes if you plan to work in Australia. It is advisable to obtain it as soon as possible after your arrival.

RELATED ARTICLES MORE FROM AUTHOR

Wise: How to transfer money to Australia & Reviews

CurrencyFair : How it works and reviews

How to transfer money to Australia

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What are the Financial Requirements for Visitor Visa Australia 2024?

Updated March 21, 2024

When applying for a Visitor Visa to Australia, there will be a long detailed list of requirements with financial documents being the most important requirement. As they are short-term visas that do not allow you to work, it is essential the Department of Home Affairs requires you to prove that you will be able to financially support yourself during your travels.

If you failed to meet the financial requirement, then there is a possibility that the application for the visa will be refused.

Financial requirement is only one of the Visitor Visa requirements you should meet . Note that you must provide other requirements such as identity documents relating to a national ID, birth certificate, and any other identity documents.

Why are Financial Requirements for a Visitor Visa Important?

In submitting visitor visas to any country, these financial requirements must be included, although in each visa application to several countries different conditions are required.

The financial requirements for an Australian Visitor Visa are no less important as it is a benchmark in determining whether you are eligible or not in applying for a Visitor Visa. It is to ensure that you are capable of supporting yourself during your stay in Australia and to go back to your home country.

What Financial Requirements You Should Submit and How Much the Required Minimum Bank Balance is

These financial requirements for Visitor Visa Australia generally include bank statements from the past 3 months with a closing balance of at least $ 5,000 AUD per applicant. Other than bank statements, you may provide payslips, audited accounts, taxation records, or credit card limits as supporting evidence.

But, if you have a sponsor in submitting a Visitor Visa for Australia, the financial requirements should be provided by your sponsor. The required documents are similar, which includes Australian income or overseas tax assessment, bank statement for the last 3 months with a closing balance of at least $ 5,000 AUD for one applicant, as well as proof of ownership of assets in Australia (home, car, business, etc.). As the applicant, you may also provide the same documents to strengthen your Visitor Visa application.

We understand that financial requirements for Visitor Visa are one of the conditions that can confuse you.

If you have concerns about understanding these financial requirements for Visitor Visa but still want to come to Australia, we recommend using a professional and trusted migration agent to avoid rejection of the Visitor Visa application.

Book an appointment with our Registered Migration Agent now with 100% refund guarantee if you’re not satisfied with our service. We have a 98% success rate and experts in complex cases. We will ease your concerns in meeting the financial requirements. Call us or click below:

Don’t panic! We’re here to help you.

We understand that applying for Australian Visitor Visa is certainly very complex. But, don’t worry. Our visa specialists at ONE derland Consulting will help you assess your visa options. We have a 98% success rate and one of the most recommended migration agents in Australia. Read our 4.9* score customer reviews .

We specialise in complex visa cases. As a registered Australian migration agent with the  Migration Agents Registration Authority (MARA) , we are regulated in our professional practice and bound by the profession’s Code of Conduct issued by the Migration Agents Registration Authority.

Take the first step and get in touch with us. Our team members are professional and honest and speak various languages, such as Mandarin/Chinese, Bahasa Indonesia, Arabic, Japanese, and Thai. Contact us by email at [email protected] or by phone at 1300 827 159 . Alternatively, you may book your consultation online , and it is backed by our 100% Money Back Guarantee Program.

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Travelling overseas

What to plan for and how we can help in an emergency.

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Planning a trip? Already travelling? See what to do before you go, important contact numbers, using cards and ATMs, safety tips, and how to use our foreign cash services.

Before you go

Tell us your dates and destinations.

Before you travel overseas, it's important to let us know you're away so our fraud team can keep your money available and secure. 

• via the app
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Please include your:

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Before you go, check the expiry date of your card. If it’s going to expire before or while you're away, please call us. 

Digital wallet

Set this up if you haven’t already so you can make payments with your mobile, fitness device or smartwatch.

Contacting Bank Australia when overseas

How to contact us from overseas.

If something goes wrong while you're away, the best way to get it sorted is by phone. 

Call us on +61 3 9854 4666 from 8:00am to 8:00pm (AEST) Monday to Friday and 9:00am to 2:00pm Saturday (AEST).

If you can't get to a phone, you can email us or get in touch via Twitter or Facebook . 

Lost or stolen cards

1. tell us your card is lost/stolen.

Report lost or stolen cards immediately to minimise the risk of unauthorised use. If you can, do this via the app or internet banking. 

In internet banking:

• Go to ‘Services’, then ‘Card management’
• Select ‘Lost or stolen’ next to the card you want to replace, and confirm
• Select ‘Order a replacement card’ and confirm your mailing address (note: we can only send cards to Australian addresses) 

In the app:

• Go to ‘Cards’ and select the card you want to cancel
• Select ‘Lost or stolen’ (note: if you’ve just misplaced it, you can lock the card to retain access to your digital wallet) 
• Order a replacement card, which will create a new digital card instantly

Alternatively, call +61 3 9854 4666 from 8:00am to 8:00pm (AEST) Monday to Friday and 9:00am to 2:00pm Saturday (AEST).  ‍

2. Use your phone/watch to access money

Once you order a replacement card via the app or internet banking, you receive a digital version of your new card immediately. 

You can add it to your digital wallet to start using it straight away (mobile, smartwatch or fitness device).

Card purchases and cash withdrawals

Press Credit to withdraw

For Platinum Rewards Visa cardholders:

Cost = $5.00 + conversion exchange rate + 3% of withdrawal amount

For other cardholders

Cost = $3.50 + conversion exchange rate + 3% of withdrawal amount ‍

Take your card in for over-the-counter withdrawals

Stores, dining etc

Press Credit and sign

Cost = the conversion exchange rate + 3% of purchase amount

Safety tips when overseas

Use ATMs from trusted banks – find out which are the main financial institutions in the country you're visiting before you go, and use theirs. They are more likely to have better security at their ATMs. And, always cover up your PIN when using an ATM. ‍

2. Cash versus cards

Consider spreading your money across your debit card, credit cards and foreign cash. Then, if something goes wrong with one of them, you’ve still got back-ups.  ‍

3. Digital wallets

If you can, use digital wallet to reduce the chance of losing your card.  ‍

Be careful when using wifi overseas – you should avoid making payments or logging into internet banking on public wifi.  ‍

5. Smartraveller

Visit the Australian Government's Smartraveller website for specific safety or security issues in the country you’re heading to.

Related articles

International bank transfers, payments and fees.

How to wire money to and from overseas accounts.

Bank Australia app

How to set up the Bank Australia app, transfer money, send messages and more.

Moving money

How to move money, see daily transaction limits, international transfers, cash and mobile payments.

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Can we open an Australian bank account on a tourist visa? - Australia Forum

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Can we open an Australian bank account on a tourist visa?

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Ideally we would like to open an Australian bank account to transfer money into from rentals and savings and then use our Australian bank cards. We're obviously not the first people ever to go to Australia on a 12 month tourist visa, so has anybody got any advice on what they do / did? Is it possible to open an Australian bank account on a tourist visa? I'm struggling to find a way, NAB for example don't seem to let me when I go on their website. If we can't, what are our other options?

Thanks for any advice

No idea about Australian bank accounts.

Might be worth getting foreign fee free UIK cards anyway though.(and would save on money transfer fees)

I've got Starling Bank account. Basically to use abroad, though have been using it in the UK as well. . No foreign transaction fees for Cash withdrawals on the debit card or purchases. (It's one of the new app based accounts, doing all the account management through your phone. Works well though

Halifax Clarity seems to be the main fee free Credit Card, though there are some others about I think. We have a Santander card that is foreign fee free (it does have a monthly fee, though I can get it back via cashback offers with the card)

CBA (our biggest bank) will let you open an account - see link

https://www.commbank.com.au/personal/can/moving-to-australia.html

When money is paid into a foreign bank account there are fees ... there is almost no way to avoid this. It is the same as any international money transfer. If you have a fee free bank it's different but if you do then there is no need to have an Australian bank account in the first place.

You cannot avoid exchange rates.

Thanks. I don't expect to avoid exchange rates, I just don't want to pay a fee every time I use my card for the next 12 months. A one off fee for the transfer of money at the start is preferable to potentially hundreds of small fees during the year (in my opinion).

Unless you have an Australian denominated source of funds, I think you'll be better off with a low fee card issue by a UK bank. if you're going to get money in AUD, then the picture changes.

Lloyds, for example, charges £9.50 to do an online transfer of up to £10,000. So if you were to open a bank account there will be very little to pay. BUT, you could open one with a small amount in it and then use Transferwise, to send money from your UK account to your Australian one. They are the cheapest way to transfer funds.

So, it seems you can have a bank account as a tourist and I think you can more or less set it up before you leave, then activate it with the necessary proof, on arrival. Bingo. Then you can transfer amounts as often or not, as you like. Only the one fee, and then whatever the exchange rate is (so watch the markets).

I really think if you look at this closely, you'll find it's not the cheapest way to do it.

When you transfer with Lloyds you are paying their exchange rate. Check the Lloyds exchange rate vs the midrate (as say xe.com), and then add the 9.50, and then see the true cost of what the transfer is costing you.

Compare that to an ATM withdrawal on a card with no foreign fees and compare. You can see the Visa or Mastercard fees on their website.

In fact, even if you were to open an Australian Bank account, the cheapest way to put money into it would be the get an no fee card, withdraw the money from an Australian ATM, and walk it down the street and deposit it.

Oh, and another thing. Don't forget your Australian Bank will likely charge you a fee to *receive* the overseas funds as well. Commonwealth bank (above) charges $10 per transfer for receipt of foreign funds.

I don't think you read my post properly - I mentioned Lloyds but went on to explain about Transferwise, which is what I said we do because it is definitely the cheapest way to send money abroad. read up about it but we've now done it several times.

BUT you do either have to have a bank account in the country you want to transfer to, or do what we do and transfer it to our kids. There is only ONE fee and then obviously no withdrawl fees from your own account.

It works differently from banks, because basically it swaps money in one country with someone else's in the other country and is legal, of course. There may well be a fee to receive money, but again it is only ONCE. You can transfer as much as you like within any legal limits.

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Help! A Gas Station Charged Me $1,500 and My Bank Won’t Believe It’s Fraud.

After returning home from a wedding in Mexico, a traveler found a huge charge on his credit card and suspected a gas station attendant was responsible. Wells Fargo didn’t believe him.

By Seth Kugel

Dear Tripped Up,

Last October, my extended family spent a week in Todos Santos, in Mexico’s Baja California peninsula, for a wedding. All went well, but when I got back, I noticed an unusual charge on my credit card: $1,500.49, made on the day we flew home to the United States from San José del Cabo. The merchant appeared to be a restaurant in Mexico City. I recalled that when we went to fill up the rental car at a Chevron station near the airport, the attendant placed the card in a hand-held machine and then told me it had been rejected, requiring me to use a second card. Nothing else unusual happened that day, and reviews on Google for this gas station contain eerily similar accusations of fraudulent charges from other tourists. I disputed the charge, but Wells Fargo repeatedly denied my claim, even when I asked the Better Business Bureau to intercede. Can you help? Nate, Wayland, Mass.

We cannot be sure the fraud occurred at the gas station, but if so, it’s a clever scam. The worker presumably slipped your card into a bogus card reader and charged you $1,500 just as you were rushing to return your rental car and catch a flight out of the country, knowing you were unlikely to report the crime to Mexican authorities. It’s a good reminder for travelers that we need to be ever vigilant on vacation, even when we’re cranky or tired or stressed or otherwise out of our element.

It’s also a good excuse to consider how dependent we have become on our credit card issuers to save the day in such situations. As you found out, that doesn’t always happen.

Humor me while I consider the situation from the perspective of a bank like Wells Fargo. What might seem like obvious fraud when it happens to us is not necessarily a crystal clear crime to a fraud claims team tasked with sifting out their clients who are honest vacationers from others who may themselves be fraudsters.

Since I trust you are in the former camp, I reached out to Wells Fargo and soon afterward, a representative got in touch with you by phone and agreed to refund the charge, plus interest. A week later, you received a check for $1,609.96.

“We take customer concerns seriously and seriously investigate all customer claims,” wrote Jennifer Landan, a spokeswoman for the company, in an email statement to me. “We worked directly with our customer on this matter, and it is resolved.”

But, of course, it should have been resolved earlier and without my intervention. Was there anything you should have done differently? Was there anything Wells Fargo should have done differently?

The answers are yes and yes.

Though you explicitly gave your permission for Wells Fargo to discuss the incident with me, Ms. Langan told me the company would not talk about the particulars of your case. But she did leave a clue, writing to me that Wells Fargo encourages customers to act “when they receive a fraud alert, phone call or correspondence about a transaction.”

So I asked you to look through your phone and email messages with Wells Fargo at the time of your travel, and the bank did send you a fraud alert, via text, at about the time of the transaction. You didn’t get it at the time, you said, because you had not been able to receive messages while in Mexico. And you somehow missed it when you got back home.

Though I encourage everyone to disconnect while traveling, I will henceforth recommend an exception for text messages so you can monitor your credit card transactions. (You might even consider having your bank alert you every time a transaction occurs, even if it is not suspicious, which can also be helpful in monitoring what exchange rate you’re getting.)

What happened on Wells Fargo’s end that led them to reject your claim multiple times? Though I couldn’t get specific details from Ms. Langan, we do know exactly what the Wells Fargo representative said, since you recorded the call with her permission.

The agent told you it was “normal procedure” for Wells Fargo’s fraud teams to deny fraud claims if a chip card was in the owner’s possession the entire time, which you told them it was. But technically speaking, that was incorrect: The card was briefly out of your hands when the station attendant took it and inserted in a hand-held machine at your car window.

OK, so you didn’t see the text alert and didn’t correctly parse exactly what “in your possession” meant. But given your continued appeals and the online reviews of the gas station and others in the area that corroborate your account, it’s disappointing Wells Fargo continued to be so stubborn.

The representative you spoke to conceded the team who worked on your case could have done better. “We are going to try to revise our procedures,” she said, noting that she had coached the person who made the decision on how to do “better, thorough research.”

That’s good to hear, although I’d feel more confident if I had heard it straight from an official company source rather than on a recorded phone call.

Here’s another piece of advice for travelers as mobile card readers become the default form of payment in many places: When possible, ask for the machine and to insert (or tap) the card yourself, watching the screen carefully. In much of the world (though for some reason, not in many American restaurants), the days of a merchant taking your card to the back to run it through a machine (and potentially a skimmer to steal your information) are long gone.

Though you were quite reasonably frustrated with Wells Fargo, let’s be clear here. The real villains are those who committed this crime in the first place and somehow, whether at the gas station or elsewhere, managed to charge $1,500 to a business called Comida Corrida in faraway Mexico City.

I got in touch with Grupo Horizon, which operates the Chevron Emerald gas station you went to, as well as dozens of Chevron stations in the states of Baja California Sur and Sinaloa.

Gilberto Gómez, the company’s business director, responded by email, saying he was unaware of such issues and encouraged you to send him details. “We take follow-ups to this kind of complaint very seriously and meticulously,” he wrote in Spanish. “If there is any harm to our customers attributable to the gas station, we address it.” (I’ve given you his email address and you told me you would follow up with him.)

But considering the Google reviews at this location and several other (non-Chevron) gas stations in the region, I am skeptical that Grupo Horizon is not aware of the problem. Mr. Gómez did not respond when I followed up twice about whether he had seen the Google reviews.

I also got in touch with the Los Cabos Tourism Board. When its managing director, Rodrigo Esponda, got back to me, he said he was “deeply concerned about the situation,” and had spoken to the Baja California Sur state attorney’s office, which told him it was investigating the matter. He also recommended that tourists who have complaints about a business in the region should register them with Mexico’s federal consumer protection organ, Profeco.

In the meantime, could the solution simply be to pay cash at Cabo-area gas stations? Alas, no: There are also reports of gas station attendants switching out large bills customers pay with for smaller ones and demanding more. And don’t even get me started on the Tripped Up complaints that come about the poor customer service travelers encounter in car rental agencies near Mexican beach destinations. The best solution for sun-seekers may be to skip the car rental altogether and hire a driver, use car-share services or take public transportation.

If you need advice about a best-laid travel plan that went awry, send an email to [email protected] .

Follow New York Times Travel on Instagram , Twitter and Facebook . And sign up for our weekly Travel Dispatch newsletter to receive expert tips on traveling smarter and inspiration for your next vacation.

Seth Kugel is the columnist for “ Tripped Up ,” an advice column that helps readers navigate the often confusing world of travel. More about Seth Kugel

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Citi Enhances the Citi Premier Card with New Benefits to Make Travel Adventures More Rewarding

The card refresh also unveils a new name, travel protections from Mastercard and sleek design

NEW YORK - Today, Citi announced the Citi Strata Premier℠ Card – an enhancement of the existing Citi Premier® Card – now offering increased benefits and more opportunities to earn ThankYou® Points with the same $95 annual fee 1 , and Mastercard as the payments network. The newly redesigned card provides cardmembers with the opportunity of making travel more rewarding and adds travel protections for peace of mind.

The new name, Citi Strata Premier, evokes a sense of ambition and adventure, empowering cardmembers to reach new heights and unlock their passions. Accompanying the new name is a sleek, modern card design featuring distinctive treatments and sweeping wave lines, welcoming cardmembers into the new Citi Strata Premier experience.

“We heard from our cardmembers that they want be rewarded for their travels as well as their everyday spending,” said Anthony Merola, Head of Proprietary Products for U.S. Branded Cards at Citi. “The Citi Strata Premier Card now offers extra ways for cardmembers to earn on travel and turn their purchases into future experiences.”

The refreshed Citi Strata Premier Card offers new benefits including:

• Now as an ongoing benefit, 10 ThankYou® Points for each $1 spent on Hotels, Car Rentals and Attractions when booking through the Citi Travel site 2
• Trip Cancellation and Trip Interruption (Common Carrier) 4
• Trip Delay 3
• Lost or Damaged Luggage 3
• Car Rental (MasterRental Coverage) 5
• 3 ThankYou Points for each $1 spent at EV Charging Stations 

In addition to the new benefits, Citi Strata Premier cardmembers will continue to enjoy access to all existing benefits including:

• 3 ThankYou Points for each $1 spent on Air Travel and Other Hotel Purchases
• 3 ThankYou Points for each $1 spent on Restaurants
• 3 ThankYou Points for each $1 spent on Supermarkets
• 3 ThankYou Points for each $1 spent on Gas Stations
• 1 ThankYou Point for each $1 spent on all other purchases
• A $100 Annual Hotel Benefit 6  - once per calendar year, enjoy $100 off a single hotel stay of $500 or more (excluding taxes and fees) when booked through the Citi Travel site
• Complimentary breakfast for two
• $100 resort credit 7
• Early check-in, late check-out and room upgrades upon availability. 
• Access to Mastercard World Elite benefits, with offers on ride-sharing, food delivery, streaming, online shopping and more as well as access to Priceless® Experiences
• No foreign transaction fees 1

With the ThankYou Rewards program, cardmembers can make every moment and every point count. ThankYou Points do not expire and there is no limit on the number of points cardmembers can earn with this card. Additionally, cardmembers can access valuable redemption options such as transferring ThankYou Points to participating airline and hotel partners.

Starting today and for a limited time, customers who apply for the Citi Strata Premier Card on CitiCards.com and are approved can earn 75,000 bonus ThankYou Points after spending $4,000 within the first three months of account opening. 8

“Over three quarters of American consumers are likely to leverage credit card travel benefits, so we partnered with Citi to refresh a card product that enhances their traveler experiences,” said Jason Lane, Executive Vice President, Global Account Management at Mastercard. “We’ve focused on essential benefits that travelers value, by adding protections that help make sure every journey is plain-sailing.”

For more information the Citi Strata Premier Card, visit citicards.com .

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | Twitter: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

Media Contact:

Gabrielle Baum  908-930-6320  [email protected]

1 The variable APR for purchases and balance transfers is 21.24% - 29.24%, based on your creditworthiness. For Citi Flex Plans subject to an APR, the variable APR is 21.24% - 29.24%, based on creditworthiness. For Citi Flex Pay Plans subject to a Plan Fee, a monthly fee of up to 1.72% will apply, based on the Citi Flex Plan duration, the APR that would otherwise apply to the Transaction, and other factors. The variable APR for cash advances is 29.99%. The variable penalty APR is up to 29.99%. Minimum interest charge - $0.50. Annual fee - $95. Fee for foreign purchases - None. Cash advance fee - 5% of  each cash advance (min. $10). Balance transfer fee - 5% of each transfer (min. $5). Rates as of 05/13/2024.

2 Citi Travel Site: You will earn 10 ThankYou Points for each $1 spent on hotels, car rentals, and attractions when you use your Citi Strata Premier Card to book them through the Citi Travel site via CitiTravel.com or 1-833-737-1288 (TTY:711).   For bookings made with a combination of points and your Citi Strata Premier Card, only the portion paid with your card will earn points.  Points are not earned on cancelled bookings.  If your account is closed for any reason, including if you convert to another card product, you will no longer be eligible for this offer.  Citi Travel is powered by Rocket Travel Inc., part of the Booking Holdings Inc. group of companies together with Booking.com.

3 Should you apply and be approved for the Citi Strata Premier Card more information will be provided in the Guide to Protection Benefits you receive with your card.  Benefits are subject to terms, conditions, and limitations, including limitations on the amount of coverage. Coverage is provided by New Hampshire Insurance Company, an AIG company.

4 Policy provides secondary coverage only

5 Coverage is secondary within the Eligible Renter’s country of residence.

6 Once per calendar year, enjoy $100 off a single hotel stay of $500 or more, excluding taxes and fees, when booked through the Citi Travel site via CitiTravel.com (Citi Travel is powered by Rocket Travel Inc., part of the Booking Holdings Inc. group of companies together with Booking.com) or 1-833-737-1288 (TTY:711).

7 Eligible experiences for the $100 resort credit varies by property

8 Bonus ThankYou® Points are not available if you have received a new account bonus for a Citi Premier® or Citi Strata Premier℠ account in the past 48 months. This offer is available if you apply through the method(s) provided in this document today. Offers may vary and this offer may not be available in other places where the card is offered.

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