One of the most common pieces of feedback we hear from our clients at MOR. Relocation is how much smoother their transition was because they arranged their banking before stepping foot in Australia. While it might seem like something you can deal with once you arrive, having your bank account ready to go can save you time, stress, and even money.
1. Immediate Access to Your Money
When you arrive in Australia, you’ll have plenty of expenses right away—transport, accommodation, groceries, school fees, or even just grabbing a coffee. Having a local bank account ready means you can transfer funds from overseas in advance and access your money straight away without relying on costly international cards.
2. Smoother Employment Setup
Most employers in Australia will require your bank account details on day one to pay your wages. Having your account set up ahead of time removes delays and ensures you can start working (and getting paid) without administrative hold-ups.
3. Better Currency Exchange
By opening your account early, you can transfer funds from overseas at times when the exchange rate is most favourable. This flexibility can save you a significant amount of money compared to last-minute transfers after you’ve already arrived.
4. Less Stress on Arrival
Moving countries comes with enough to think about—immigration paperwork, housing, schools, transport, and adjusting to a new lifestyle. Sorting out your banking before you land means one less thing to worry about during those first busy weeks.
5. A Head Start on Financial Organisation
From setting up direct debits to paying bills, life in Australia often runs on seamless online banking. Having your account in place gives you a head start in managing everyday expenses and setting up your financial life smoothly.
Who Gets Superannuation?
Employees: Most employees over 18, and some under 18 who work a certain number of hours, are entitled to employer contributions.
Contractors: In some cases, contractors may also be entitled to super if they are working mainly for one company and paid mostly for their labour.
Temporary Residents: If you’re in Australia on a temporary visa and you work, you’ll likely receive super contributions. When you leave Australia permanently, you may be able to claim your super back through the Departing Australia Superannuation Payment (DASP).
How MOR. Relocation Supports You
At MOR. Relocation, we work with trusted banking partners to help our clients start the onboarding and set up of accounts before they arrive. Our bank account partners have a dedicated team to guide you through the paperwork, coordinate with the bank branch, and make sure you have everything ready to go. Many of our clients say this simple step made them feel far more confident and settled from day one.
Final Thoughts
Relocating to Australia is a big move, but small preparations can make all the difference. Setting up your bank account in advance means less stress, better financial control, and a smoother start to your new life.
At MOR Relocation, we’re here to make your transition as seamless as possible—from banking and health insurance to housing and beyond.
