Personal accounts: Australia
An honest assessment before work starts, the quote is fixed in writing.
We assess your chances against your profile, prepare the compliance file, help you present your source of funds properly and handle communication with the bank until it decides. The final decision always rests with the bank, and careful preparation improves the odds.
We quote the exact cost for this country after a short consultation: it depends on the bank and your residency. The quote is fixed in writing before work starts.
Taxes for a personal account holder in Australia
| Resident taxable income, AUD | Rate 2026-27 |
|---|---|
| up to 18,200, ~$12,700 | 0% |
| 18,201-45,000 | 15% |
| 45,001-135,000 | 30% |
| 135,001-190,000 | 37% |
| over 190,000, ~$132,300 | 45% |
On top, a resident pays the 2% Medicare levy. A non-resident pays from 30% from the first dollar, and temporary residents are not taxed on foreign income. Australia has no inheritance tax. The tax year runs from 1 July to 30 June, and returns are due by 31 October.
We will calculate online the cost of opening a personal account and maintaining it for a year.
Tax file number and deposit protection
- The first thing to do after arrival is get a tax file number: without it the bank and employer withhold tax at the top rate.
- Deposits in Australian banks are guaranteed by the government up to AUD 250,000, about $174,100, per customer per bank.
- The bank checks identity, an Australian address, visa and source of funds.
More on our Australia taxes page.
What else matters when moving
The employer pays 12% on top of salary into the employee's pension fund. Temporary residents pay no Australian tax on foreign income, so accounts and deposits abroad stay outside Australian tax on a temporary visa.
Why a bank may refuse
- No visa or address in Australia.
- No tax file number, so the bank withholds tax at the top rate.
- Large inflows from abroad without source documents.
What we do
- We choose a bank and prepare documents before arrival.
- We help obtain a tax file number.
- We calculate taxes with temporary resident status in mind.
What we do
- Personal account - opening assistance
See also
Company formation · Business account · Investment property · Country taxes · All country programs
FAQ
Can a non-resident open a bank account in Australia?
Do I need a visa to open an Australian bank account?
Do I need a TFN for an Australian bank account?
Does Australia report bank accounts under CRS?
What is Australia's income tax in 2026-27?
Are deposits insured in Australian banks?
Why do you need a tax file number for an Australian account?
Do temporary residents of Australia pay tax on foreign income?
Does Australia have inheritance tax?
What tax does an Australian non-resident pay?
When is the Australian tax return due?
What Medicare levy is paid in Australia?
Opening a personal account in Australia?
We explain whether you can open an Australian bank account before the move, prepare the documents and tax number and follow it through to activation. Every country is in the searchable catalogue.
The Murblz consultant replies straight away in the chat on this page. Describe your situation and we will work it out together.
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