Opening a bank account in Australia

In Australia, most income including salary or wages and government benefits are paid directly into a bank account. You should open up a bank account within six weeks of your arrival, as you will only need your passport as identification. After six weeks you will need extra identification to open an account.

Banks offer all sorts of financial products and services to customers. When you are shopping around for a bank account, sometimes the range and complexity of choices can be overwhelming. Making the right choice about your bank account is important. Each account has its own pros and cons, and these depend on the account and the bank.

To find out more information on bank accounts that are available to you in Australia, view the Australian Bankers' Association website.

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