Australian Bank Account
#1
BE Enthusiast
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Joined: Apr 2007
Posts: 623
Australian Bank Account
Does anyone know if it is possible to set up a bank account in Australia as a tourist? My son is thinking of spending about 9 months visiting family and travelling and has a tourist visa. He won't be working and has already had one working holiday visa and isn't eligble for another. He has saved up money for the trip, but obviously doesn't want to have to take all the cash/traveller's cheques with him and ATM withdrawls would be too expensive. Any suggestions?
#2
Forum Regular
Joined: Sep 2008
Location: Adelaide
Posts: 104
Re: Australian Bank Account
Does anyone know if it is possible to set up a bank account in Australia as a tourist? My son is thinking of spending about 9 months visiting family and travelling and has a tourist visa. He won't be working and has already had one working holiday visa and isn't eligble for another. He has saved up money for the trip, but obviously doesn't want to have to take all the cash/traveller's cheques with him and ATM withdrawls would be too expensive. Any suggestions?
You can withdraw money for 'free' at the current exchange rates and it saves on all the other associated costs and hassles of travellers cheques and cash.
#3
Re: Australian Bank Account
went over last year on a tourist visa and beforehand set up an account with NAB via internet.You can deposit as much as you want but cannot withdraw or transfer until you activate it in person.Very simple...just go into any branch of whatever bank you have chosen and take in your passport,sign some docs.and it's sorted...it's too easy.
#4
Forum Regular
Joined: Nov 2008
Posts: 48
Re: Australian Bank Account
f you want to open a bank or credit union account in Australia, you need to pass the '100 point' system to prove your identification.
http://www.australia-migration.com/p..._Australia/190
http://www.australia-migration.com/p..._Australia/190
#5
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Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 93,809
Re: Australian Bank Account
f you want to open a bank or credit union account in Australia, you need to pass the '100 point' system to prove your identification.
http://www.australia-migration.com/p..._Australia/190
http://www.australia-migration.com/p..._Australia/190
#6
Forum Regular
Joined: Aug 2008
Posts: 83
Re: Australian Bank Account
Is there any benefit to me opening a bank account now while I'm here in Oz for an interview in case its offered and I accept? Or should I just leave it until we (hopefully!) arrive to start work?
If the answer's yes, any suggestions for a good bank to choose (we'd be based in Adelaide)?
Thanks
Alistair
If the answer's yes, any suggestions for a good bank to choose (we'd be based in Adelaide)?
Thanks
Alistair
#7
BE Enthusiast
Thread Starter
Joined: Apr 2007
Posts: 623
Re: Australian Bank Account
Thanks everyone for their input. Seems pretty straightforward.
#8
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Joined: Jan 2008
Location: Sydney AUS - Leeds/Selby/York UK - Sydney AUS (April 2011)
Posts: 797
Re: Australian Bank Account
As long as you take your passport in in the first six weeks you are there that shuld be all you need, all the banks should accept you otherwise passport is only 40 points out of 100.