How to Open a Bank Account in Australia for Workers: Step-by-Step Guide

Moving to Australia for work means you will need a reliable bank account to receive your salary, pay bills, and manage daily expenses. This guide outlines the documents required, when and how to apply (even before you arrive), activation steps, and practical tips to set up payroll quickly and avoid fees.

At a glance: the steps #

1. Choose a bank and everyday (transaction) account suited to newcomers.
2. Check eligibility and gather documents: passport, visa details, Australian address (if available), and Tax File Number (TFN) if you have it.
3. Apply online before arrival or in-branch after arriving in Australia.
4. Verify your identity (bring original documents) and activate your debit card and mobile banking.
5. Add your TFN to the account, set up salary deposit with your employer (BSB and account number), and enable security features.

Choose the right bank and account type #

Most workers start with an everyday transaction account to receive wages and make payments. Major banks offer newcomer programs with simplified onboarding and debit card access:

• Westpac – Moving to Australia
• Commonwealth Bank – Moving to Australia
• NAB – Banking for Newcomers

Compare monthly account fees, ATM access, foreign card fees, international transfer options, and app features. For general guidance, see Moneysmart: Bank accounts.

What you need to apply (documents and eligibility) #

Australian banks must verify your identity under anti-money laundering laws. Expect to provide:

• Valid passport (mandatory)
• Visa grant notice or Australian visa details (for non-citizens/residents)
• Australian address (temporary or permanent, if available)
• Tax File Number (TFN) – optional at opening but recommended to avoid higher withholding tax on interest

Identity verification obligations are set by AUSTRAC; read more at AUSTRAC customer identification.

When and how to apply (before and after arrival) #

Before you arrive: Many banks allow you to apply and open an account online up to 3–12 months prior to arrival. Your account can be created and ready to receive funds, but you will typically need to visit a branch with your passport to fully verify your identity and access all features after you land.

After you arrive: You can apply in-branch or online. If you apply within the first several weeks of arriving, banks may accept your passport and visa details while you finalise your local address. Bring originals of all documents to your first branch visit.

Step-by-step: opening and activating your account #

1. Compare and choose a bank: Review fees, ATM access, and newcomer-friendly onboarding.
2. Complete the online application: Enter your personal details, passport information, and visa category. If applying offshore, keep your application reference and email confirmations.
3. Deposit funds (optional): Some banks allow an initial deposit. You can also wait until after activation.
4. Visit a branch to verify ID: Present your passport and visa grant/arrival information. This step activates your account and removes any initial limits.
5. Collect/activate your debit card: Activate in-app, via phone, or at an ATM.
6. Set up digital banking: Install the bank’s app, register, and enable multi-factor authentication.
7. Add your TFN: Provide your TFN to the bank to avoid higher tax withholding on interest.
8. Provide payroll details to your employer: Share your BSB (6-digit bank code) and account number so your salary can be deposited.

Tax File Number (TFN) and payroll setup #

You can open an account without a TFN, but the bank may withhold tax at a higher rate on any interest paid until you provide it. Apply for a TFN online with the Australian Taxation Office: ATO – Apply for a TFN. Once received, update your bank via app, secure message, or in-branch.

For payroll, give your employer your BSB and account number. You can find these in your banking app or on your debit card. If you change banks, provide updated details promptly to avoid salary delays.

Fees, transfers, and security tips #

• Account fees: Some accounts charge monthly fees; many waive them if you deposit a minimum amount each month or meet student/newcomer criteria.
• International transfers: Compare exchange rates and transfer fees. Consider whether you need a separate international money transfer service for better rates.
• ATM access: Using your bank’s ATM network usually avoids fees. Out-of-network ATMs may charge.
• Security: Enable biometric login and multi-factor authentication. Beware of phishing; your bank will not ask for your password or full card details by email or SMS.

Frequently asked questions #

Can I open an account without an Australian address? Many banks let newcomers start the process before they have a permanent address, but you must complete in-person ID verification after arrival.

How long does activation take? If you visit a branch with the correct documents, activation is often same-day. Debit cards can be issued instantly in-branch or mailed to your address.

Which bank is “best” for workers? It depends on your location, employer preferences, ATM access, and fee structure. Compare newcomer offerings from major banks and choose the features you value most.

Useful official resources #

• Moneysmart – Bank accounts
• ATO – Apply for a TFN
• AUSTRAC – Customer identification (Know Your Customer)

Expert help for newcomers #

If you want tailored guidance—choosing the right bank, understanding fees, and preparing documents—our consultants can help you set up smoothly alongside your study, work, or Recognition of Prior Learning goals. Speak with Skills Campus for personalised support.

Get one-on-one help: Contact Skills Campus