Bank Accounts for Australian Companies

Banking for Australian Companies

Australia’s banking sector is one of the most stable in the world, dominated by the Big Four banks. Opening a corporate account is essential for any Australian company, and ShelfCompanies24 assists international clients in navigating the requirements.

Major Banks

• Commonwealth Bank of Australia (CBA): Australia’s largest bank by market capitalisation. Comprehensive business accounts, excellent digital banking, and experience with foreign-owned companies.
• Westpac: One of Australia’s oldest banks, offering strong corporate banking services and international trade finance.
• ANZ (Australia and New Zealand Banking Group): Strong presence across Australia and the Asia-Pacific region. Particularly suitable for companies with regional trade activities.
• NAB (National Australia Bank): Focused on business banking, offering dedicated relationship managers for corporate clients.

Account Opening Requirements

Standard requirements include: ASIC certificate of registration, company constitution, director and shareholder identification (certified passport copies), proof of business address, and a description of business activities. Non-resident directors should expect enhanced due diligence and potentially longer processing times.

Our Banking Service

ShelfCompanies24 provides banking introductions and document preparation assistance for Australian company accounts. We work with specific relationship managers at each bank who have experience with internationally-owned Pty Ltd companies.

Get banking assistance for your Australian company | Back to Australia Overview