Where should I setup a bank account in Australia?

We asked expats in Australia what banks they use and there advice about banking. They advised...

"Not really, most banks in Australia offer services tailored to individual needs," commented one expat who made the move to Sydney, Australia.

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"A retirement in Australia can be an exciting and fulfilling experience. Before making such a big move it is important to understand the local laws, culture and healthcare system. Consider researching Australian visa regulations as well as potential tax implications depending on personal circumstances. Most importantly, familiarize oneself with the medical benefits and support available, to ensure a safe and comfortable retirement. One should also contemplate finding a suitable home to rent or buy, as well as investigating the cost of living in a variety of cities and towns. Finally, familiarize oneself with the local culture; explore renowned attractions, find out about the weather, plan a budget and make the most of Australia’s unique offerings," remarked another expat in Australia.

Where should I setup a bank account in Australia?

If you live in Australia, newcomers to Australia would love to hear your answer to this question.

About the Author

Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.