Written By Educonnect on November 03, 2022
One of the most important things international students need to do is setting up a bank account upon arriving in Australia. It will take quite a while (even up to a month!) for banks to process your application and issue a card, so you need to start ASAP!
Opening a bank account sounds like "adulting duties", doesn't it? If it's your first time - Don't worry, we got you! Here's the breakdown of everything you need to do & know in 3 steps, and some tips at the very end.
The four main banks in Australia are:
Do some research on these banks and find out which suits you the most. For example, which bank has more ATMs or branches near your residential address or campus? Are there special offers for students? What do online reviews say about them?
There are three types of accounts you can choose from:
You can open an account before or after you arrive in Australia:
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