Supporting founders from over 50+ countries. Whether you are an Australian resident or an international founder expanding down under, we streamline corporate banking, KYC compliance, and account opening.
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Australian financial institutions enforce strict Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regulations overseen by AUSTRAC. Opening a business account requires detailed corporate records, proof of Australian business activity, and stringent identity checks.
We verify your Australian Company Number (ACN), Australian Business Number (ABN), ASIC company extract, and shareholder registers to ensure full alignment with local KYC standards.
We match your business profile—whether domestic proprietary limited (Pty Ltd) or foreign-owned entity—with institutions whose risk appetite aligns with your sector and residency profile.
Where allowed by the institution, we prepare and lodge compliance dossiers directly on your behalf. For institutions requiring personal onboarding, we provide complete, step-by-step guidance.
We resolve bank compliance inquiries regarding source of funds, ultimate beneficial owners (UBOs), and transactional projections to prevent onboarding bottlenecks.
Australia's traditional financial sector is anchored by the 'Big Four' banks (Commonwealth Bank, Westpac, ANZ, and NAB), alongside established mid-tier institutions like Macquarie Bank and Bank of Queensland. These institutions provide comprehensive business banking packages, including domestic payment integration (BECS, NPP, Osko), merchant facilities, multi-currency corporate accounts, and commercial credit.
For foreign entrepreneurs, e-commerce brands, and global trading companies, digital business account platforms such as Airwallex, Wise Business, Revolut Business, and OFX provide flexible alternatives to traditional institutions.
| Provider | Non-resident accepted? | Remote onboarding? | Local address/company requirements | Typical timeline |
|---|---|---|---|---|
| Commonwealth Bank of Australia (CBA) | Yes (Subject to strict enhanced due diligence) | Requires provider confirmation (Branch visit generally required for non-residents) | Registered Australian Pty Ltd (ACN/ABN) and registered office address in Australia required | 2 to 5 weeks |
| National Australia Bank (NAB) | Yes (Enhanced due diligence for offshore UBOs) | No (Resident director can complete locally; offshore directors often need certified branch/consular verification) | Australian registered entity (Pty Ltd/Branch) and Australian principal place of business | 2 to 4 weeks |
| Westpac | Yes (Requires resident director to hold signatory authority) | Requires provider confirmation (Limited remote pathways via overseas representative offices) | Active ACN/ABN, Australian operational nexus, and local registered address | 3 to 6 weeks |
| ANZ Banking Group | Case-by-case basis (Primary focus on domestic nexus) | Requires provider confirmation (Branch ID check standard for signatories) | Australian incorporation or foreign registration with ASIC; registered office address | 3 to 6 weeks |
| Macquarie Bank | Case-by-case basis (Strict commercial criteria) | Yes (For Australian residents; non-resident verification requires provider confirmation) | Australian company structure; strong domestic trading presence expected | 1 to 3 weeks |
| Airwallex | Yes (Well-suited for cross-border businesses) | Yes (100% digital KYC process) | Australian registered company (ACN/ABN) or accepted overseas corporate entity | 3 to 7 business days |
| Wise Business (Australia) | Yes (Accepts international directors) | Yes (100% remote identity verification) | Australian entity or eligible foreign entity; local operations not strictly mandatory | 2 to 5 business days |
| Revolut Business Australia | Yes (Must have an Australian registered entity) | Yes (Digital app-based onboarding) | Active Australian ACN/ABN and authorized Australian administrative contact | 3 to 10 business days |
Foreign founders expanding their e-commerce or SaaS operations into Australia.
Non-resident shareholders establishing an Australian proprietary limited (Pty Ltd) company.
Australian resident directors seeking guidance with complex multi-shareholder corporate accounts.
Cross-border enterprises requiring local AUD collection via BSB/Account numbers and NPP infrastructure.
International companies needing full document preparation, ASIC alignment, and AML/CTF compliance support.
Individuals seeking personal savings, transaction, or student bank accounts.
Businesses operating in prohibited industries (e.g., unlicensed gambling, adult entertainment, unregulated financial schemes).
Founders seeking guaranteed approvals—banks make the final decision under AUSTRAC regulations.
Companies lacking verifiable source of wealth or clear beneficial ownership documents.
Applicants unwilling to complete statutory identity verification requirements.
To open an Australian business bank account, you must hold an active company registered with the Australian Securities and Investments Commission (ASIC), along with an Australian Company Number (ACN) and an Australian Business Number (ABN). Under Australian corporate law, a Proprietary Limited (Pty Ltd) company must have at least one director who ordinarily resides in Australia.
We analyze your ACN, ABN, share register, and director residency status to identify financial institutions with high onboarding compatibility for your profile.
We prepare your AML/CTF dossier, business activity plan, proof of local operating nexus, and certified identity records according to target provider requirements.
We submit your application package where intermediary representation is accepted, or provide structured self-submission guidance if the bank requires direct director lodgment.
We manage subsequent bank requests regarding source of funds, operating counterparties, and UBO verification until your AUD account details and BSB are issued.
Operating an Australian company as an overseas founder is viable, but opening a traditional bank account presents specific compliance requirements. Australian regulations mandate that every Australian Pty Ltd company have at least one Australian resident director. Non-resident owners frequently separate company ownership from directorship using professional nominee or management arrangements.
Supporting founders from over 50+ countries. We help businesses adapt their domestic corporate credentials into formats accepted by Australian compliance teams.
Entrepreneurs based in Singapore, Hong Kong, New Zealand, and Japan establishing local Australian subsidiaries for cross-border trade, software distribution, and regional expansion.
United States and Canadian Delaware C-Corps setting up Australian subsidiaries to accept domestic AUD payments, integrate with local clearing systems (Osko/NPP), and service local enterprise clients.
Founders from the UK, Germany, the Netherlands, and Scandinavia expanding e-commerce, green energy, and technology businesses into the Australian market.
Importers, logistics groups, and IT consulting providers based in the UAE, Saudi Arabia, and India opening Australian operations with foreign ownership.
Everything you need to know about opening a corporate business bank account in Australia.
