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 if you’re an Australian resident. However, while it used to be pretty easy to open an Australian bank account before you relocate there, this service isn’t as widely available these days.
Key points: Online Australian bank account opening overseas
- You may be able to start to open an Australian bank account up to 14 days before you move if you’re relocating there - but full access is only available on arrival
- You often can not open an Australian bank account fully online - you’ll need to visit a branch to show your ID and get your debit card
- Australia’s big 4 banks offer low cost AUD transaction accounts for everyday use which come with debit cards - multi-currency features are less common
- Australian everyday transaction accounts may have monthly fees but these are often waived if you meet eligibility criteria
- If you want to set up your AUD account online before you move, or use multi-currency account tools, a provider like Wise or Revolut may be a better choice
In four short steps, here’s the easiest way to open an Australian bank account online:
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1
Go to the website of the bank you've chosen to double check online applications are available based on your personal circumstances. From there you will be able to fill in the details they need.
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2
Have a permanent Aussie address, and proof of your legal right to be in the country. Banks require proof of residency and not all will accept an overseas one when you complete your application. Not all visa types are accepted by all banks.
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3
Scan and upload all of the requested documents including your passport and visa.
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4
If you’ve been approved online before arrival, you’ll need to head to your nearest branch on arrival to verify your documents and complete your application.
Banks and alternatives to apply to an Australian account from overseas
If you want to apply for an Australian bank account from abroad you have a few options. You can start the application process with a couple of Australian banks before you arrive in the country, and then complete the application on arrival. Or you could choose a specialist provider instead of a bank, which supports AUD holding and exchange, from your home country. Here’s a summary of some popular choices:
| Banks and alternatives | Application window | In-branch required | AU address required | AU visa required** |
|---|---|---|---|---|
| NAB | Apply on arrival | Yes | Yes | Yes |
| Commbank | 14 days before arrival | Required for full account access | Required for full account access | Yes |
| ANZ | Apply on arrival or before arrival for NZ residents | Yes | Not specified | Yes |
| Westpac | 14 days before arrival | Required for full account access | Required for full account access | Yes |
| Wise | Apply from supported country at any time | No | No | No |
| Revolut | Apply from supported country at any time | No | No | No |
Details correct at time of research - 6th March 2026
**May vary slightly based on your nationality - not all AU visas are accepted by all banks, so check the details carefully
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 from overseas?
There are four big banks in Australia. They are NAB, Commbank, ANZ and Westpac. All used to offer options for migrant banking services, so people planning on moving to Australia soon could apply for their accounts before arrival.
This service has gradually been reduced. At the time of writing the only options available to most people to start your application before you move are with Commbank and Westpac. You can start your application 14 days before you arrive in Australia - but you’ll still need to visit a branch on arrival to show your ID and get your debit card issued.
As an alternative you could consider opening an account with Wise, which is a multi-currency account provider that allows you to hold and transfer over 40 currencies. You can get AUD account details before you arrive in Australia, as well as ways to receive 20 other currencies with local or SWIFT account details.
Can I open a bank account in Australia only with my passport?
No. You’ll usually need to visit a branch of your preferred bank with documents including your passport, visa and a proof of local address.
Which account is best in Australia for foreigners?
There’s not one best account for foreigners in Australia - a lot will come down to your personal preferences and situation. Here’s a quick side by side comparison on some popular options to start your research.
| Service | Wise | Revolut | Westpac (Westpac Choice) | Commbank (Everyday Account Smart Access) |
| Multi-currency account options | Yes | Yes | Not in standard accounts | Not in standard accounts |
| Full account access before you arrive in Australia | Yes | Yes | No | No |
| Open online | Yes | Yes | No - complete application in branch on arrival | No - complete application in branch on arrival |
| Opening fee | None | None | None | None |
| Maintenance fee | None | Variable depending on location and account plan - Standard accounts usually have no maintenance fee | 5 AUD/month if you don’t meet waiver requirements | 4 AUD/month if you don’t meet waiver requirements |
| International transfers | From 0.48% | Variable depending on location and account plan | No fee online, 32 AUD in branch | No fee online, 30 AUD in branch |
| Close account fee | None | None | None | None |
Details correct at time of research - 6th March 2026
**Account information for Wise and Revolut may vary depending on your country of residence - check the details carefully before you apply About Wise pricing: Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.
Getting an account with an Australian bank can be a good idea if you’re a resident already and need to access a broad range of local financial services like a credit card or loan. However, if you’re not a resident yet - or if you want to be able to hold and exchange multiple currencies in one account - a specialist alternative may be a better fit. Check out options like Wise and Revolut which both let you hold and exchange AUD alongside other currencies, with accounts you can open from a good range of countries around the world.
NAB
The most popular NAB account - the NAB Classic Banking account - has no monthly fee and a choice of two different linked debit cards. The standard card has no ongoing fee to pay, while the more premium Platinum card has a 10 AUD monthly charge but waives international transaction fees when you spend in foreign currencies.
- No ongoing account fees, no ATM fees at network ATMs in Australia
- No fee to make digital overseas transfers (exchange rate markups may apply)
- Get personalised cash back offers through the NAB reward system
Commbank
Commbank’s recommended account for new arrivals in Australia is the Everyday Smart Access account which also has a dedicated account type for international students going to Australia to study. This account has no monthly fee if you meet various different criteria including holding a minimum balance, with the monthly fee waived in year one for new migrants.
- Start your account application before you arrive in Australia
- Lots of ways to waive monthly fees on your everyday account
- Get a physical and digital Debit Mastercard and Combank’s Yello reward perks
ANZ
While ANZ doesn’t specify exactly the account opening process for arrivals from most countries, you can get your account up and running before you move if you’re a New Zealand resident. ANZ offers support in multiple languages and through interpreters if you ever need help, and has an everyday easy access account which costs 5 AUD a month.
- Easy to use ANZ Access Advantage accounts offer a linked debit card for spending and withdrawals
- Hold 2,000 AUD in your account to waive monthly fees
- Strong range of savings products and digital services available
Westpac
The most popular account from Westpac is the Westpac Choice everyday account, which has a 5 AUD monthly fee that’s waived for new arrivals for a year, for people under 30, and for anyone holding 2,000 AUD or more. Your account has both physical and digital debit cards and offers budgeting tools to help you track your spending and find ways to reduce your outgoings if you choose to.
- Everyday account with a broad range of ways to waive monthly fees
- No international transfer fee for digital payments in a foreign currency (exchange rate markups may apply)
- Full range of additional products and services from a large regional bank
Wise
Open a Wise account to hold AUD alongside 40+ other currencies, with ways to get paid in 20+ currencies to your account conveniently. You can also send international transfers to 150+ countries in 50+ currencies, from just 0.48%, and spend with your linked debit card in 150+ countries when you travel.
- Open your account from supported countries, including Australia, the US, UK, EEA, New Zealand, and many other countries
- No account opening fee, no ongoing fee, and mid-market exchange rates
- Get ways to receive AUD payments with local account information, and spend your AUD balance with no additional fees
About Wise pricing: Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.
Revolut
Revolut offers multi-currency accounts which generally support 25+ currencies including AUD. The exact account options available to you depend on where you live but most supported countries and regions have a selection of account plans including Standard plans with no monthly fees. All accounts offer a debit card for spending and you can usually get some no fee transactions and currency conversion monthly, too.
- Open on arrival in Australia or from another supported country, including the UK, US, EEA and more
- Choose from different account plans depending on your specific needs
- Accounts often offer some no fee ATM use and weekday currency conversion monthly
Best online option if I live overseas?
If you need ways to manage your money in AUD before you arrive in Australia, take a look at the Wise multi-currency account.
The Wise Account
The multi-currency Wise account has no set up fees, no monthly fees and no receiving fees for payments in AUD received using local account information.
With broad availability to people in countries and regions including Europe, the UK, USA, Singapore, Canada, Australia and New Zealand, this account allows you to get local account details for anything up to 20 currencies. Plus it holds over 40 currencies and also comes with an optional debit card so you can withdraw money from your account. The exact services and features available can vary based on where in the world you are, but the option to hold, send, receive and spend AUD is offered in most Wise accounts.
Although you’ll probably still want to get a bank account if you’re in Australia for an extended time, this is an option if you’re looking for something to temporarily hold your currencies while you settle in.
For more information on the Wise Debit Card, read our review.
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
- Your visa
- 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)
What do I need to know before opening a bank account in Australia?
It used to be very easy to open an Australian bank account before you moved there - but these days you’ll struggle to get a bank account without being able to call into a branch in person. If you need an account to manage AUD payments before you have an Australian residential address and visa you’ll likely need to look at specialist alternatives like Wise and Revolut instead.
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.
Everyday, Savings or Credit?
Australia’s banking system uses EFTPOS (Electronic Funds Transfer as Point of Sale) as part of its debit card system. EFTPOS is native to Australia and New Zealand and is similar to the debit card payment networks offered by services like Visa and Mastercard. Most Australian banks offer dual network debit cards which can operate on either EFTPOS or other card networks - you may need to select the transaction type you prefer when you pay.
There are three main types of accounts available to you in Australia, and it’s important to know the difference. Here's our take on them:
Everyday or transaction accounts – A standard account for everyday purchases. Linked to your EFTPOS or debit card.
Savings accounts – A savings account is an option to put some money aside and is usually opened together with a transaction account. This account allows you to earn some interest on the money you're holding in your account.
Credit accounts – A credit card will be harder to get in Australia and dependent on more factors than a transaction account 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 and need your account ahead of arrival, then you’ll probably be best off looking for multi-currency accounts with providers like Wise and Revolut.
Once you’ve arrived in Australia you can apply for an account with one of the big 4 banks we mentioned earlier - usually you’ll have to plan on staying in the country for a fixed length of time, so which account suits you might depend on how long you’ll be there.
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. This can also be handy if you need to access additional features like credit or loans, which specialist providers may not be able to help with. In this case you can’t get your account set up until you arrive in the country - but by preparing all your paperwork in advance you can hit the ground running on arrival.
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 reduces the risk of 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 not usually completely free of charges. Here is a list of the common fees attached to the standard transaction accounts of all of Australia’s big four banks:
ANZ (Australia and New Zealand Bank)
ANZ provides everyday banking with their Access Advantage transaction account.
- Monthly fee:
$5/month
- Overdraft fee:
$100 upfront for an overdraft of <$20,000
For other account fees, click here for more information.
Commbank (Commonwealth Bank)
Commbank offers an Everyday Account Smart Access transaction account for shopping, paying bills, withdrawing cash and more.
- Monthly fee:
$4/month, 12 months free with new account
- Overdraft fee:
$15 per account per day overdrawn
For other account fees, click here for more information.
NAB (National Australia Bank)
NAB offers a Classic Banking transaction account. Once you have an Australian working visa you can check out the options on the NAB migrant banking channel before you arrive in Australia. However, you won't be able to fully set up your accounts until you get to Australia and visit a branch.
- Monthly fee:
$0
- Overdraft fee:
Variable based on overdrawn amount
For other account fees, click here for more information.
Westpac
Westpac has a Choice transaction account for everyday banking.
They are a strong option as they have a separate migrant banking section designated to help foreigners get set up ahead of their move to Australia.
- Monthly fee:
$5/month
- Overdraft fee:
$15 per account per day overdrawn
For other account fees, click here for more information.
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 transaction 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
ATM fees can vary depending on who you bank with, but as major banks operate networks of ATMs with no fees you should find it relatively easy to locate an ATM nearby which has no charge to pay. This also means 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, overseas withdrawals are likely to cost you so do check your account terms and conditions before you withdraw abroad.
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 everyday 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.
A transfer through your bank will always have multiple fees which can include;
- An upfront fee
- Third party fees (correspondent charges)
- 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 bank account there. Although there are many benefits of opening a bank account, your circumstances may not suit doing so. If you’re thinking of opening an international account for easy transfers to and from AUD, check out these alternatives to the big four banks:
Wise
Wise accounts allow you to hold, send, spend and receive AUD, and can be opened from many countries and regions globally. If you need to send or receive AUD payments, Wise is worth considering as you’ll get the mid-market exchange rate with low conversion fees from 0.48% whenever you need to exchange currencies to send a payment, or make a withdrawal.
Plus, you can hold and exchange 40+ currencies in your Wise account online and in-app, and get a linked Wise debit card for spending and withdrawals in 150+ countries around the world.
Revolut
Revolut offers a range of different accounts which can vary a bit based on where in the world you are - but which usually includes the Standard account which has no monthly fee to pay. For other account types you’ll pay a monthly charge to unlock more features.
Accounts usually let you hold and spend AUD alongside 25+ currencies and get some weekday no fee currency conversion and ATM use every month. Once you exhaust your plan limit you may pay a fair usage fee. Out of hours charges may also apply if you exchange currencies when global markets are closed.
Conclusion: Open a bank account online in Australia
If you want an account with an Australian bank you’ll almost certainly have to wait until you live here and can show your visa and proof of address in a branch. Once you’re a resident there’s a great selection of account options and services from major banks - but if you’re looking to open an account as a non-resident or before your planned move, you may prefer a specialist alternative like Wise or Revolut. Both let you hold and exchange many different currencies including AUD, with accounts you can open before you have an Australian address.
Open a Australian bank account online FAQs
Can a foreigner non-resident open an account in Australia?
You’re not likely to be able to open your account with a bank until you’re a resident in Australia - but you can still open an account with a specialist provider like Wise or Revolut, to hold, spend and exchange AUD before you move.
How much do I need to open a bank account in Australia?
There’s not usually a fee to open a bank account in Australia - but to avoid the maintenance fees of major bank accounts you may need to have a set minimum balance of 2,000 AUD or more
Can I open an Australian bank account online?
As a foreigner you may not be able to open your Australian bank account online. Even where banks let you start the application online, you’ll normally have to visit a branch with your ID, address documents and Visa to get full access.
How to apply for a bank account online in Australia?
If you’re able to apply online for a bank account you can do so easily on your preferred bank’s website or app. Or, check out services like Wise and Revolut. They’re not banks - but they do offer AUD accounts with a fully online or in app application process.
Can I open a bank account in Australia before landing?
You can not usually open a bank account in Australia before you’re physically there. Instead, consider a specialist multi-currency account which supports AUD and which you can open from your home country instead - check out Wise and Revolut as starting points for your research.
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