Australian Bank Accounts for New Arrivals
Compare everyday and savings accounts from 6 major banks — fees, interest rates, and features side by side. No credit history required. Whether you're arriving on a skilled visa, student visa, or working holiday — start here.
Apply online
Most major banks let you open an account online up to 12 months before you arrive. You'll need your passport, visa details, and an Australian address (a hostel or friend's address works).
Verify your identity
Visit a branch within 6 weeks of arrival with your passport and visa grant letter. Some banks also accept online verification via the app.
Get your card & start banking
Your debit card arrives by post within 5-10 business days. In the meantime, use digital wallets (Apple Pay, Google Pay) for contactless payments.
Documents you'll need
Have these ready before you apply
- Passport — valid and not expiring soon
- Visa grant letter — or visa label in your passport
- Australian address — temporary is fine (hostel, friend)
- Tax File Number — can be added later
- Australian phone number — for SMS verification
Tips for new arrivals
Practical advice from people who've done it
- 1 Open your account before you arrive — transfer funds early to avoid exchange rate surprises
- 2 Start with a Big 4 bank (CBA, ANZ, NAB, Westpac) for the widest branch and ATM network
- 3 Look for accounts with no monthly fees and no foreign transaction fees
- 4 Set up PayID with your phone number for instant free transfers
- 5 You don't need a credit history to open a transaction or savings account