What will I need to take for ID when I open my Australian Bank Account?
Opening an Australian Bank Account from Overseas (Australian Bank Accounts Explained) - Part 4
You will definitely need to take your passport and the details of your bank account at home (to transfer the bulk of your money across if you haven't already). They are going to ask for proof of your account at home in the form of an original bank statement (see section Bank Documents for Backpacking Around Australia).
Other than that, when you make your appointment ask the clerk/teller if there is anything else you will need to bring with you and write it all down in your Personal Organiser. Obviously you should include the time/date/location of your appointment, the name of the person you're going to be dealing with and the amount they require you to deposit when you open your account.
Anything else I should be aware of?
They are going to ask you for an Australian address but don't worry if you don't have one. Be polite and explain to them that you're a backpacker who has just arrived in Australia and that you would like them to use the address of the bank branch you're in until you get a place sorted.
Of course as a backpacker, the chances are that you won't ever have a permanent address. So you may decide just to leave things as they are without providing a new address, this way you know your statements will not be sent anywhere which could compromise your security. If you opt for paperless statements it will increase your security and you can check your statements online anyway.
Read more Articles Managing your money while Backpacking around Australia!!!
Money Management Tips For Backpacking In Australia
In this section you can learn how to set up an Australian Bank Account (Australian bank account), read about transferring your money to Australia, see how to create a financial contingency plan for emergency situations and find some helpful tips on budgeting.
The Backpacker's Budget (Cost Of living In Australia)
Budgeting for backpacking in Australia is all about getting the most out of your trip with the funds you have available. In this article we outline how to budget for backpacking around Australia including getting up to date prices for accommodation, transport, essential shopping items and day-to-day living expenses so you can budget your trip with confidence before you go.
Contingency Funds (Savings when you need them)
Anything can happen when you're backpacking around Australia and if something goes wrong, having a contingency fund will enable you to act quickly when you need to get things sorted out. In the case of an emergency (i.e, your money gets lost or stolen) or even if you simply over spend and just wind up broke, you will need access to money, accommodation, food, transport & identification documents to get everything back on track.
Transferring Money To An Australian Bank Account (E.F.T)
If you're on a Working Holiday Visa or are travelling for extended periods the largest part of your holiday funds will be paid into your Australian bank account (Australian bank account). There are a few ways you can transfer your holiday funds...
Carrying Cash Safely While Backpacking Around Australia
Whatever plans you have made for backpacking in Australia you will need to take some cash with you. The amount you take will depend on what you have managed to do in the planning phase (i.e, prebooked accommodation, shuttle, opened an Australian bank account, etc...). Learn how much cash you will need to take to Australia to see you through the first 2 weeks.
Currency Conversion Guide for Backpackers in Australia
Knowing how to convert currencies will be a definite advantage to backpackers in Australia and all over the world. This calculation is a simple but very useful tool which will help you compare costs in Australia.
A Guide to Travellers Cheques for Backpackers in Australia
Travellers cheques can be used to safely transport your money to Australia where they can be 'encashed' at some stage during your trip. They can be ordered in a shop front (bank, post office, etc...) or online which are delivered to you in the post.Learn how to use travellers cheques and why they are good for backpacking in Australia.