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BANK ACCOUNTS/TAX NUMBER

Travel Forums Australia / New Zealand & The Pacific BANK ACCOUNTS/TAX NUMBER

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1. Posted by sammyjayne (Full Member 39 posts) 11y

IM GOING TO OZ IN JUNE TO DO 12 MONTHS WHV, AS I WILL BE WORKING I WILL NEED TO OPEN A BANK ACCOUNT.
I HAVE RESEARCHED LOADS ON WHAT BANK ACCOUNT IS BEST TO OPEN, I HAVE LOOKED AT CITIBANK ETC BUT I KEEP GETTING MIXED REVIEWS ON CITIBANK! HSBC IS A WORLDWIDE BANK, SO IS IT EASIER TO OPEN AN HSBC ACCOUNT OR GO FOR AN OZ BANK??
WHAT DOES EVERYONE THINK? WHO HAVE YOU GUYS OPENED BANK ACCOUNTS WITH WHILST ON YOUR WHV?

WHATS THE BEST WAY TO GET MY TAX NUMBER, ON INTERNET ATO.GOV.AU OR SORT IT OUT ONCE IM IN OZ AT THE ACTUAL TAX OFFICE?
DO THEY CHARGE YOU TO GET TAX NUMBER, HOW EASY IS IT?

THANKS FOR HELP XX ;)

2. Posted by finesilver (Full Member 63 posts) 11y

I've been advised to go through www.workoz.com. I've got my Visa through them but would like to know if there is a cheaper way to do it!

I'll keep my ear to the ground and let you know what I find out! Ideally I'd like to not have to queue in an Australian bank and get it sorted first!

3. Posted by sammyjayne (Full Member 39 posts) 11y

i dont think you have to pay to set up bank account/TFN but i think if comapnies can get away with it they will charge you..
i think you can get TFN on internet and also set up bank account through citibank etc, but i just dont know what banks are good. i feel completely lost in what bank account to open!
im the same as you, id rather have it sorted before i get to OZ. if you here any recommendations on the best bank account to use please let me know.... thankyou

4. Posted by vicki80 (Full Member 42 posts) 11y

I got a citibank account before I left the UK - you can get a travellers account before you leave and then you can transfer money over to it as well before leavingthe UK so don't spend all your travel money on the leaving drinks. Then you just pick up your cards when you get here and you are away. The downside to citibank is there are not very many of their ATMs around and everything is done either via telephone or internet banking. Other banks that I know people use and haven't had problems with are Commonwealth and St George's. You'll need to have an Oz bank account if planning to work so can get wages paid in.
As for your TFN it is really easy to get online and takes about 14 days to come through if you get it done once you get here

Hope this helps a bit
Vic

5. Posted by bronvn (Budding Member 6 posts) 11y

Try ANZ - visa first tried to sell a bank account to me and I found out that you can apply by filling out the application form and sending it back to them. They post you back your account number which you can put funds into but can only take out once you get there and are identified at a branch. Apparently they are quite popular and there are alot of ATMs. I am with HSBC now and they suggested not going with them as there aren't as many ATMs as other banks!

6. Posted by sammyjayne (Full Member 39 posts) 11y

did HSBC suggest not going with ANZ? or did you mean HSBC suggested not using HSBC whilst in OZ?

Sorry i must seem really silly, i have been researching the bank accounts for a while.
ive looked at ANZ website, i cant seem to work out how to apply, i got to a certain bit on there website about opening accounts but it said that i wasnt eligable to open account as i am outside OZ etc... this cant be right, as other people have opened accounts with them...
also checked out commonwealth bank website and again just cant find out actually how to open the bank account!
the only banks website that is pretty straight forward is citibank, but i am not sure about setting up a bank account with them as i have heard bad reviews! PLEASE HELP......!!

7. Posted by bronvn (Budding Member 6 posts) 11y

Sorry I wasnt very clear! HSBC said not to go with HSBC as there are more popular banks over there. They suggested Westpac, Citibank and Commonwealth but I found ANZ to be the easiest to get an account with. If you log onto ANZs website click on Apply for a bank account and select the ANZ Access Select Account. Where it says do you reside in Australia click on the show me the special requirements, it should then say Are you a new ANZ customer (I think thats just above where it says about being in Australia – it is to make sure you are actually going to Australia, which you are so you can click on that bit) click on open an ANZ account, a page comes up which tells you what they do and how to apply, at the bottom of that page you need tick the box that says you are cool with their terms and then click on open a joint or sole account. Download the application form and post it into the address they give you. You should get your account number back in about a week or so. When you get to Australia you need to take your passport in to a branch so they can identify you.

This is roughly what you need to do, go through the website and check it all out again. Let me know how you go!

8. Posted by notarealme (Full Member 49 posts) 11y

Hi, ill be travelling to Australia around Nov 05, do you know if they charge for withdrawals? I know HSBC doesnt so i was thinking of going with them.

9. Posted by bronvn (Budding Member 6 posts) 11y

I think they do charge...but I've heard that most of them charge.....HSBC doesn't have many cash machines in Australia (that's what they said to me anyway) so you will probably get charged for using other cash machines anyway....You can also only open an account once you get there which is why I went with ANZ

10. Posted by happy1 (Full Member 63 posts) 11y

Hi Guys. Do any of you know if you can open a ANZ account for New Zealand too. Do you know how much you get charged to take money out each time? It would work out cheaper than taking money out on your credit card from home each time wouldnt it