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Bank Account Opening Service


Location: Southeast of Asia, Between the Pacific and Indian oceans

Capital: Canberra

Population (2022): 26,071,102

Status: member of the United Nations, G20, Commonwealth of Nations, ANZUS, Organization for Economic Co-operation and Development (OECD), World Trade Organization, Asia-Pacific Economic Cooperation, Pacific Islands Forum and the ASEAN Plus Six mechanism.

Currency: AUD (Australian Dollar)

Official languages: English

Deposit guarantee:  250,000 USD

Did you know?

Australia has one of the world’s most highly urbanized populations with the majority living in metropolitan cities on the coast.

It is home to the world’s largest living structure on earth – the Great Barrier Reef.

Australia has the best coffee in the world, which has influenced coffee culture all over the world.

If you visit one new beach in Australia every day, it would take over 27 years to see them all.

Australia was the second country in the world to give women the right to vote in 1902.

Australians spend more money on gambling than any other nation (over 80 percent of Australian adults engage in gambling of some kind). And 20 percent of the world’s poker machines are found in Australia.

Australia, officially the Commonwealth of Australia, is the world’s smallest continent, a sovereign country comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands.

Australia is a land of diversity, food, history and some well-loved weirdness. It is the largest country in Oceania and the world’s sixth-largest country by total area.

A wealthy country, Australia has a market economy, a high GDP per capita, and a relatively low rate of poverty. In terms of average wealth, Australia ranked second in the world after Switzerland from 2013 until 2018. In 2018, Australia overtook Switzerland and become the country with the highest average wealth.

The Australian banking system is dominated by four major banks – the “big four”- Australia and New Zealand Banking Group, Commonwealth Bank, National Australia Bank and Westpac Banking Corporation – all have tailored banking facilities that make it possible to open a bank account online up to 12 months before you arrive. There are also several smaller banks and financial institutions, and a few number of foreign subsidiary banks.

Key features

Muticurrency accounts

Online internet banking and mobile application

VISA and Mastercard Debit cards

Some banks may ask for minimum deposit

Loans and finance banking services

Merchant services

Starting fee: