I have been doing some research on opening an Australian bank account before I leave for Australia. They all seem to be fairly similar in terms of the charges etc, the only question I have remaining to ask is regarding the number of branches and number of cash machines. Who is the biggest in terms of both these criteria?
ie I dont want to have an account with one bank only to find they have very few cash machines and I'm constantly having to use another banks cash machine etc
Your best bet overall would be a Commonwealth Bank. In the major cities you'll find ATM's for all of the major banks, but outside of them they tend to rarely have ATM's except in the larger towns and they always tend to be Commonwealth Bank or ANZ. If you found yourself someone without an ATM, you could always go to a supermarket or somewhere like that and get cash out with your ATM card through EFTPOS. Some places will require you to make a minimum purchase of say $10 for this, but other places like a Target Store or a supermarket would allow you to get cash out without any purchase (assuming you didn't go at like 9.00am-10.00am when they most likely don't have enough money in the register to give you more than about $50 cash out).
[ Edit: Edited on Sep 14, 2007, at 7:28 PM by aharrold45 ]
Yep, Commonwealth Bank of Australia (otherwise known as CBA).
However in the major cities, there are plenty of ATMs from the large banks.
Thanks for the replies, Will check out the Commonwealth Banks website today and see what I can get set up before I leave!
Check out HSBC. Now it doesnt have many of its own ATM machines, but i think unlike the other banks, they don't charge fees if you use ATMs from other banks. BUt i think you are limited to 5 free withdrawals a month. Eftpos is free. Check it out