Australian Banking Setup

Setting up banking in a new country can be one of the trickiest parts of establishing your business.

In Australia, the subsequent policy and procedure changes from the respective banks and evolving Know Your Customer (KYC) and Anti-Money Laundering (AML) rules have made the process even more complex. That is where we step in.

ABN Australia can help you open an Australian business bank account remotely, without your directors or shareholders needing to fly in. Through our established relationships with major and alternative banks, we simplify what can otherwise be a slow and frustrating experience.

Here are the essential details you need to know:

1. A service fee applies.

2. This service is only available to clients who are using our company formation and/or resident director services.

3. Clients must still provide certified identification and other documents to meet the bank’s regulatory requirements.

The banking world is changing fast, and there are now smarter, more flexible alternatives to traditional banking. If you are looking for global banking options that support cross-border business, we can point you in the right direction.

These fintech solutions are ideal for businesses that operate internationally and need fast, efficient ways to move money, manage currencies, and make global payments.

Airwallex
Airwallex offers global accounts and FX services at rates up to 90% cheaper than traditional banks. You can open local AUD, USD, GBP, and EUR accounts online in minutes, with no paperwork and no branch visits. It is a great option for companies needing to collect payments in multiple currencies and transfer funds between global entities quickly and cost-effectively. 

Payoneer
Founded in 2005, Payoneer is a financial services company that provides online money transfers, digital payment services, and working capital solutions. It has grown into a global fintech leader, serving businesses and freelancers across 200+ countries and territories. Payoneer simplifies cross-border transactions, allowing users to send and receive payments in multiple currencies.

Ebury
Ebury provides a modern, streamlined alternative to traditional banking for global businesses. With local currency accounts available across 20+ jurisdictions, you can receive and move funds overseas easily, make fast and secure international payments, and manage global cash flow, all from a single platform.

Whether you choose to go with a traditional bank or explore fintech alternatives, we are here to help you make the right choice for your business. Let us get your Aussie banking sorted, quickly, securely, and with less stress.