Bank Accounts in Australia

Bank Accounts in Australia no good waving an English bank card at your employer – if you want to get paid over here, it’s essential you apply for an Australian bank account before you start work. It’s easy to set up – you’ll just need to visit a branch and supply all the usual details, and hey presto, you’ve got another money bag to control. The main banks in Oz are Commonwealth, National, ANZ, St George and Westpac, and you’ll need to shop around in order to get the best deal.

Bank Accounts in Australia Watch out for transaction fees – some banks limit the number of free withdrawals you can have per month – and monthly account-keeping fees, which are the Aussie’s way of charging you for looking after your money. Also note you’ll probably be charged for making withdrawals from other banks’ ATMs (‘foreign’ ATMs) and that over-the-counter withdrawals will cost you. Don’t panic if you lose your pin number, unlike back home when you have to wait a zillion working days before you can get a new one, out here you can simply reset the number in your nearest branch.