Big 4 banks, digital banking, superannuation, PayID, and managing your money in Australia.
• CBA (CommBank): Largest. Best app. #1 for newcomers.
•
Westpac: Oldest bank (1817). Good migrant programs.
•
NAB: Business-focused. Fee-free accounts.
• ANZ:
Asia-Pacific presence. Good international transfers.
• Up Bank: Best app/UX. 5% savings rate. Free.
• ING: No
fees, fee-free ATMs, cashback.
• Macquarie: High interest savings.
•
Bendigo/Suncorp: Regional banks.
• 86 400/ubank:
Digital-first.
• Documents: Passport + visa + address proof
• 100 points
ID: Passport (70) + driver's licence (40)
• TFN: Apply, add
to account to avoid extra tax on interest
• Can open before arriving:
CBA, NAB, ANZ offer pre-arrival
• BSB + Account number: Used for
transfers
• Tap & Pay: Everywhere! Even small amounts. Apple Pay/Google Pay.
•
PayID: Instant transfers via phone number or email
•
BPAY: Bill payment system (unique to Australia)
• Credit
Score: 0-1200 (good: 622+). Check free: CreditSavvy, ClearScore