Opening a Bank Account in Australia as a New Migrant: Complete Guide
Opening a Bank Account in Australia as a New Migrant: Complete Guide 7 September 2025 • Updated for 2025 Start here: ID, TFN, and the steps to open your account. Moving to Australia? This guide explains how to open an everyday bank account in 2025, what identification you need, whether you can start the process from overseas, how to avoid common fees, and how to use PayID/Osko for instant payments. Account types overview Eligibility and documents Open before you arrive? Step-by-step setup Fees and how to avoid them PayID, Osko and daily payments Notes for students Security and fraud tips FAQs Account Types Overview Most newcomers start with an everyday transaction account for salary and bills, plus an optional online saver for cash you don’t spend. You’ll receive a debit card (Visa/Mastercard) for EFTPOS, contactless, and onl...