How do I open a bank account in Australia as an international student?

Opening a bank account in Australia as an international student is straightforward. Here is what you need to know:

When can you open one?
You can open most Australian bank accounts before you arrive in Australia. The major banks (Commonwealth, ANZ, Westpac, NAB) all offer online pre-arrival applications for international students. You then activate the account within 3 months of arriving.

Documents required:
- Passport
- Australian student visa (or visa grant letter)
- Tax File Number (TFN) — apply for one online through the ATO; helps avoid extra tax withholding
- Australian address (your university accommodation or local address)

Best accounts for students:
- CommBank Student Account: No monthly fees, convenient app
- ANZ Access Advantage: Free with eligible deposits
- Westpac Choice Student: No monthly fees for students
- ING Orange Everyday: High-interest savings, no ATM fees worldwide

Digital banks (no branch needed):
- UP Bank, Wise, and Revolut are popular with international students for easy international transfers and low fees

Transferring money from home:
Avoid using your bank's international transfer service — fees are high. Use Wise, Remitly, or Western Union for cheaper transfers from your home country to your Australian account.

Tax File Number (TFN):
Apply online at ato.gov.au once you arrive. You need it to avoid paying the top tax rate (47%) on your bank interest and work income. Processing takes about 28 days.