Open An Australian Bank Account From Overseas Easily
How to open an Australian bank account from overseas
Australia benefits from one of the strongest currencies and most robust banking systems there is. According to every available source, Australian banks rank among the best capitalized banks in the West. Not since 1931, when depositors in the Primary Producers Bank of Australia lost what was an inconsequential amount of their deposits in The Great Depression, has there been any bank failures in the country.
In over one hundred years not a single dollar of Australian tax payer's money has been needed to compensate any depositors in an Australian bank. Unlike in many other countries, the Australian Government gives a $1 million, per customer, per bank deposit guarantee that is backed by a well capitalized insurance fund supported by a financially stable state economy. This insurance fund, unlike others, would almost certainly pay out should the unlikely circumstances arise where it was deemed necessary to do so.
Even compared to countries with similar strong currencies, Australia's debt-to-GDP ratio is one of the lowest in the West. The country is blessed with a rich supply of natural resources. It's top three exports are iron ore, coal, and gold. It's also one of a very few stable, low inflation economies in the world, where you can earn competitive rates of interest on bank deposits in today's global financial climate.
The Reserve Bank Of Australia, regularly has interest rates which are well above the official rate of inflation. The Reserve Bank Of Australia is capitalized with a level of around 8% of it's total asset base rather than 1.5% which is the level for the US Federal Reserve. As the Government has low debt the long term financial forecast for the country is also very good. All this helps support the kind of bank you would be interested in getting an account at.
Most accounts in Australia deal in Australian dollars and are not appropriate for customers wishing to work with multiple currencies such as US Dollars, the Euro, or Pounds Sterling. This is something that should be remembered when choosing a bank to open an account at. In terms of the global markets, however, the Australian Dollar is much more competitive than just about every other currency in the West. It is one currency that is good for your portfolio.
It's not easy these days to find a bank that will allow non-residents of Australia to open a bank account in the country, without visiting a branch. Moreover, if you are trying to open an Australian bank account from overseas without intending to move to Australia, it is sometimes possible to open an account using an intermediary who is familiar with a bank's procedures and can contact the relevant departments for you.
That's why we at Global Financial Protection Services™ invest a great deal of time developing global connections with agents who can offer advice and act as go-betweens on your behalf. If you are unable to visit a branch in Australia but would prefer to deal directly with us, you can purchase from us a special informational package so you can open a bank account in one of the most popular banking systems in the World.
Non-residents wishing to open an account with an Australian bank will find an assortment of policies from each of the different banks that concern non-resident account opening in Australia. Some banks are very happy to open accounts for such customers, and a number will refuse. The number of banks who will refuse to open accounts for non-residents by remote means is even greater unfortunately than the banks that will. The banks that will are getting rarer.
Account minimums are low, and opening an account, even for non-residents, is extremely easy when you find a bank to work with. I definitely recommend reviewing the material and, should you be looking for a convenient place to deposit some long-term savings, consider the bank we have chosen. My suggestion is that this account would be much more of a long-term savings account.....not really an account where you would pay your monthly electric bill.
Please remember Australia passed legislation last year to reduce the threshold on seizing dormant accounts from seven years down to just THREE. And in the last 12-months since the legislation was passed, the Australian
government has seized a whopping 80,000 accounts totaling A$360 million… more than has been seized in the previous five decades COMBINED. But it is easy to avoid having your account seized. Just send a small check to your account once every two years to avoid going over three years, and your account should be just fine.
The bank we have chosen for you to open an Australian bank account from overseas is owned by one of the top ten banks in the world. You heard it correctly: One of the strongest banks in the world owns this bank. How is that for safety! Using the instructions you can get in our informational package, you will be able to open up this Australian bank account quite easy. The instructions are basically A,B,C,1,2,3 with no guess work. Just follow them and you will get the account opened provided you are not from North Korea, Iran, and a few other countries. Order pkg.< Click
U.S. Citizens and residents click here for a special package designed specially for you.
Warning: We do not sell any international bank account opening package to U.S. citizens or U.S. residents. Sorry for these restrictions.