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Commonwealth Bank

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Open Comm Bank Account

About Commonwealth Bank

"The Commonwealth Bank is the most recognized brand in the Australian financial services industry. It provides a full range of retail banking services, including home loans, credit cards, personal loans, transaction accounts, and term deposits. CommBank lets you open a bank account up to 14 days before you arrive. You can easily open an Everyday Account with Student Options online. "

Why Commonwealth(Comm) bank for an International student ?

  1. A transaction account with $0 monthly fee.
  2. Australia's No.1 banking app.
  3. Track your everyday spending with Spend Tracker in the CommBank ap
  4. Get cashback from big brands like Menulog and JB Hi-Fi when you activate and shop with CommBank Rewards.
  5. Receive cashback from major brands when you activate and shop with CommBank Rewards.
  6. Use Cardless Cash3 in the CommBank app to get money out of any CommBank ATM, fee-free.

Am I eligible?

Make sure you:

  1. Are aged 14 years and over.
  2. Will arrive in Australia in the next 14 days or;
  3. Have arrived in Australia in the past three months.
  4. Are a tertiary student at an educational institution located in Australia or are undertaking an Australian Apprenticeship.

Documents required to open a Commonwealth(Comm) bank account ?

  1. Passport of your home country.
  2. Visa grant papers or student ID.
  3. Australian mobile number.
  4. An email address and residential address.

How to Apply for an International student bank account from your home country ?

Step 1:

Complete the online form: Provide us with your details, including your name (as it appears on your passport), your current address, email and phone number by filling an online form.

Step 2:

Visit a branch: Once you get to Australia, visit your chosen branch to identify yourself and order your debit Mastercard. We'll just need to see your passport, student ID and confirm the countries where you're a tax resident.

Step 3:

Access your money: After your identification check, you can start banking straight away. Download the CommBank app or log on to NetBank to manage your money securely. Withdraw cash from any CommBank ATM instantly using Cardless Cash.

FAQ's

To open a bank account in Australia as an international student, you will generally need to follow these steps: Choose a bank: Research and compare the various banks and their account options to determine which one suits your needs. Check the eligibility criteria: Ensure you meet the bank's eligibility criteria, such as being at least 18 years old and having the required identification documents. Apply online or in-person: Some banks may allow you to apply online, while others may require you to visit a branch in person to apply. Provide identification documents: You will typically need to provide identification documents such as your passport, student visa, and proof of address. Complete the application process: Depending on the bank, you may need to provide additional information or attend an interview. Activate your account: Once your application has been approved, you will receive your account details, which you can use to activate your account and start using it.

Yes, as an international student with a valid student visa, you can open an Australian bank account. In fact, it is often recommended that international students open a bank account in Australia as soon as possible after arrival to help with managing their finances, receiving payments, and making transactions.

Commonwealth Bank (also known as CommBank) is one of the largest banks in Australia, and it offers a range of bank accounts to suit different needs. CommBank offers various types of bank accounts, including transaction accounts, savings accounts, and term deposit accounts. CommBank transaction accounts are designed to be an everyday account for your day-to-day banking needs. They typically offer features such as online and mobile banking, access to ATMs, and the ability to make payments and transfers.

If you need to withdraw $5000 or more, it may be necessary to visit a bank branch and complete the transaction in person. However, you can check with your bank or the ATM operator to see if they offer higher withdrawal limits or other options for large withdrawals.

The deposit limit for Commonwealth Bank of Australia (CommBank) may vary depending on the type of account you have, the method of deposit, and other factors. Generally, CommBank has daily and monthly deposit limits for different types of accounts, which can range from a few thousand dollars to tens of thousands of dollars.