Instead, you can focus on adjusting to your new environment. You won’t have to worry about finances once you get there. It’s sensible to take care of your banking needs before you move to Australia. Why open a bank account in Australia before relocating? Take care of it now and make it easy on yourself later. You don’t need to wait to open a bank account after you move to Australia. Running around the city and trying to get used to your new life is stressful enough. That’s why opening a bank account before you arrive is so important. You may end up using your old credit card and losing money on currency conversion fees. During this time, you won't be able to withdraw money from the ATM you'll have to go into the bank to make withdrawals.īanks close earlier in Australia and some don't open on weekends. If you open a new bank account after you arrive in Australia, you may have to wait for a few days for your bank card to arrive. You have to look for an apartment in the city, get a tax file number, and open a bank account you can transfer money to for your first month's rent and deposit-and other expenses. You’ve just moved to Australia! Amidst all of the excitement, there are probably quite a few items on your to-do list.
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