Online International Banking Account in Australia12 min read

Online International Banking Account in Australia12 min read

In this article, we’ll explore how to do offshore international banking in Australia and look at one of the best options – The Kingdom Bank.

Moving to a new country is an exciting adventure filled with opportunity and change. However, it also comes with practical challenges like setting up essential financial services. As an international relocating to Australia, you’ll need a local bank account to handle everyday transactions and receive income. But did you know it’s now possible to open an international bank account entirely online from abroad? 

How to Do Offshore International Banking in Australia?

Traditionally, opening a bank account in Australia as a non-resident meant visiting a branch in person with documentation. However, times have changed and several online international banks now let you open an account digitally before arriving. This offshore process allows establishing essential financial services from your home country.

The first step is researching which Australian banks cater to international clients. Once you’ve selected a bank, gather the required identification documentation. This usually consists of a valid passport, proof of overseas address, and other ID totalling 100 points according to Australia’s verification system. You may also need your international visa documents and details of employment or studies in Australia.

During the application, you’ll provide personal information and upload scans of your documentation. The bank will verify everything and may ask additional questions via secure online chat. Allow 1-2 weeks for processing.

Approval means your new international bank account is ready to use remotely via online and mobile banking. But as a non-resident, you’ll need to validate the account in-person at an Australian branch within a set timeframe of arrival (usually 3-6 months). This final step activates full account functionality.

How to Open an Online International Bank Account in Australia?

One of the best digital banks catering to international clients opening accounts from abroad is The Kingdom Bank. A fully licensed international bank, The Kingdom Bank enables account opening entirely online without branch visits. Let’s explore the process.

First, visit The Kingdom Bank and select “Open an Account.” Fill in the application form providing personal details, contact information, and intended use of the account. As part of the Know Your Customer (KYC) process, upload photos of your valid passport and a utility bill for ID verification totalling 100+ points.

The Kingdom Bank accepts applications remotely and can verify most documents electronically. Allow 1-3 business days for review. Upon approval, you’ll receive login details to access the online banking portal from any device.

From the portal, link a debit card to the account for making online purchases and ATM withdrawals worldwide. You can also deposit international cheques or transfer funds from other banks. The Kingdom Bank’s multi-currency account supports major global currencies like AUD, USD, EUR for easy international payments and exchanges.

With The Kingdom Bank, validation in an Australian branch is not required before or after arrival. This means your international account is immediately usable from day one in Australia or abroad, securely managing finances from anywhere with an internet connection. A true digital offshore international banking solution.

What is Required to Open an Account in Australia?

No matter the bank, there are general requirements international applicants must satisfy for opening a bank account in Australia. Chief among these is validating your identity, known as the 100-point check. This verification process was created by the Australian government to prevent fraud while facilitating account access.

Under the 100-point check, you’ll need to provide documentation from an approved list worth a minimum of 100 points total. Primary identification like a current passport scores 70 points, while secondary IDs add up to the remainder. Common options include drivers licenses, birth certificates, credit cards, utility bills, and employment records.

Most online banks accept either digital copies or scanned images of IDs for remote account opening. But it’s wise to carry original, certified versions when travelling to Australia as some banks may request to physically sight sensitive docs during validation visits.

In addition, non-resident applicants typically must present proof of your Australian visa, especially if relocating for work or education. Supporting visa documents demonstrate your authorization and immigration status are compliant for establishing long-term financial accounts.

Meeting these identity requirements unlocks the ability to open transactional and savings accounts, access online banking portals, request debit cards, and enjoy full account functionality – both domestically within Australia and globally via online international banking.

Can an Australian International Bank Account Be Opened Online?

The short answer is yes – an Australian international bank account can absolutely be opened online without visiting the country first. As discussed, reputable digital-first institutions let foreigners securely create offshore accounts entirely via remote digital procedures. This provides flexibility for managing finances from any location internationally while establishing local Australian services in preparation for relocation.

The Kingdom Bank delivers this full online experience as a top choice for international account openings. By obtaining only basic Know Your Customer information and documentation electronically, The Kingdom Bank can establish accounts, verify applicants, and deliver banking access immediately through secure online and mobile portals worldwide.

Approval takes around three business days, after which new customers gain instant access to The Kingdom Bank’s multi-currency accounts, payment tools, debit cards, and more – without needing to ever step inside an Australian branch office. Funds are securely held offshore yet easily transferable to and from Australia using associated accounts.

For international clients, this makes The Kingdom Bank by far the most convenient digital bank. You can gain financial footing in Australia from abroad while maintaining full global banking access until physically arriving Down Under. No rushed branch visits required to validate in-person later either. Digital at every step defines today’s easiest way to open an Australian international bank account online.

Best Digital Bank to Open an International Account in Australia

When it comes to finding the premier online international bank for non-residents opening accounts remotely to Australia, one name stands out above the rest – The Kingdom Bank. As a fully digital private and corporate bank licensed offshore in Dominica, The Kingdom Bank pioneered online account openings, verification, and use without needing to ever visit Australia.

Key advantages over competitors for international clients include:

• 100% online account applications, eligibility screening, approvals, and activation within days. No branch visits required at any stage.
• Multi-currency accounts supporting AUD, USD, EUR, Bitcoin and 50+ other currencies for easy overseas transactions and conversions globally.
• Instant IBAN account numbers assigned upon application approval for wire transfers from international employers or academies.
• Worldwide ATM access and purchases using debit Mastercard issued to the account within 1-3 days.
• Advanced security measures and online/mobile banking portals allowing 24/7 account management from any device internationally.
• Outstanding customer service available online or by phone 7 days per week in multiple languages.

For migrating to Australia, The Kingdom Bank offers unrivalled convenience and functionality. With the strongest digital experience, The Kingdom Bank truly delivers the easiest international banking experience, giving Australians and international clients equal footing in Australia’s financial system from abroad or within the country. If you only need to open one account, The Kingdom Bank is the clear premier choice.

For premier offshore online international banking geared towards those coming to live and work in Australia, The Kingdom Bank stands out as the optimal choice to establish essential financial services before physically arriving Down Under.