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Best Australian Bank Accounts for Working Holiday Visa

Are you an Australian working visa holder? To get a successful and enjoyable experience on your working visa, open an Australian bank account for your amount safety. It no longer needs a lengthy procedure, just simple signup using a digital banking app.Opening a bank account tailored to the specific needs of being a visa holder can help you access your funds quickly, make transactions and save on unnecessary fees. You might take a look at this article to get a list of the best Australian bank accounts:

Summary:

NAB: Best Overall

Revolut : Best Runner-Up

Wise.com : Best High-end

Disclaimer: All the following Advertised Products have been Physically Tested & Inspected by our Editorial Team prior publishing this Review article.

Editorial Picks

Best for Indoor and Outdoor

NAB

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Why We Picked It

National Australia Bank is one of the largest business banks that create huge capitalization in the financial market. It offers a wide range of banking services to customers with Australian working visas. Having NAB at your side, you don’t to worry about finding the best accounts for working holiday visa.

As NAB provides a user-friendly online banking platform with a mobile banking application. It facilitates customers to make transactions and pay bills conveniently. If you have an Australian banking visa, you can apply for a migrant banking account before you arrive in Australia.

Pros & Cons

Offers variable rate home loan
No monthly account fees for eligible customers.
Provides an option for joint accounts for couples/friends.

International money transfers can involve additional charges.

Best for Weather Resistance

Revolut

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Why We Picked It

Revolut is an authorized financial bank account that records the money exchanged and issued to you. Opening a Revolut account is just one click away through the online banking Reolut app. It offers you the best bank accounts for working holiday visa without much hassle.

Revolut makes its users send and receive money conveniently from Revolut accounts. The process of funds adjustment would be automatic to Revolut’s account for the load and top-up payments.

Pros & Cons

Hold the capacity to exchange multiple currencies.
Get on-time notifications via the online banking app.
Make transactions instantly at both levels: domestic and international.

You will not find physical branches for real-time cash deposits and withdrawals.

Best for Waterproof Ability

Wise.com

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Why We Picked It

Wise.com, formerly known as Transferwise, is a popular international money transfer service to provide Australian work visa holders with the most effective and transparent way to send and receive money across borders.

An online platform that specializes in international money transfer and currency exchanges. Wise.com has gained much popularity among overseas visa holders for its transparent fee structure and competitive exchange rates.

Pros & Cons

Save up to 9x times money when sending anyone abroad
Super Secure
Wise eliminates unnecessary markups or hidden fees.

Its availability varies depending on the specific currency regions.

Reliable and Durable

Hay.com

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Why We Picked It

Stop your research for Aussie online banking as Hay has got your back. Hay is a fee-free digital transaction account with the best-performing digital application. This digital account brings 100% benefits for Australian work visa holders by managing the budget and saving money during the whole travel.

You can easily manage this digital account through an online banking app. The card associated with Hay is a prepaid card, not a debit that all ATMs and card scanners can accept.