Three ways to set up an Australian bank account

Three ways to set up an Australian bank account

Banking, Money Transfer, Work Essentials
Now that you've signed up to TransferWise and have a fantastic international debit Mastercard as a backup, it's time to get an official Australian bank account.Why do you need an Australian bank account?If you want to work in Australia, most employers will only pay into an Australian bank account. I highly recommend you set one up before you leave so all you need to do when you land is a quick identity check.Here are seven other important reasons:It’s a great way to keep a record of your pay while you’re working towards your second-year Working Holiday Visa.Makes your tax refund easier because you need to track the interest you get on your income.It will save you money using TransferWise to send a large amount of money over rather than small…
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How to use your Australian bank account efficiently

How to use your Australian bank account efficiently

Banking, Money Transfer, Work Essentials
Using your Australian bank account efficiently starts with preparing for your Bank ID check when you land. When you set up a bank account from overseas, once you land in Australia you will need to do an ID check to officially activate your account. You cannot withdraw money if your account is not activated.ID Check Checklist:Checklist of information you should prepare. Make sure you do your ID check within two weeks of landing in Australia and no later than six weeks after. The sooner you do it the easier it is.Banking app: Download the bank app and log in. Get it all set up and ready to use from day one. This will be used to verify your account and you want to make sure you can access your statements…
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