Your Business Account in Australia 🇦🇺

Q: Can I open a business bank account online in Australia?

Yes, it is possible to open a business bank account online in Australia. Many banks offer online account opening services that allow you to complete the application process remotely. However, some banks may require additional steps or verification depending on your circumstances. The good news is that you don't need an Australian bank to transact in AUD. MultiPass multi-currency IBAN lets you hold, receive and send Australian dollars and comes with 100% online onboarding.

Q: Can a foreigner open a business bank account in Australia?

Yes, foreigners can open a business bank account in Australia, however, the banks will require your business to be registered in Australia too. If you are not yet ready to set up a business in Australia, consider MultiPass multi-currency account for simple payments in AUD and over 30 other currencies.

Q: How long does it take to open a business bank account in Australia?

The timeline to open a business bank account in Australia can vary depending on the bank and the completeness of the required documentation. Generally, the process can take anywhere from a few days to a few weeks, but it's best to check with the specific bank for a more accurate estimate.

Q: What documents do I need to open a business bank account in Australia?

To open a business bank account in Australia, you typically need the following documents: business registration documents with ABN/ACN number, identification of business owners and signatories, proof of address, company profile, and potentially additional documents based on the bank's requirements.

Open a business account to operate in Australia without local presence. Get multi-currency IBAN to manage AUD, EUR, USD, GBP and other currencies with ease.

Open account

A single solution to bank overseas

Be where your clients and partners are - With MultiPass multi-currency account do business with partners, clients and contractors both globally and in local markets. Hold, send & receive money in multiple currencies and convert only when needed, at great FX rates.

Within Australia 🇦🇺

Account details:

IBAN (EU & global)

Currencies:

AUD

Supported payment networks:

SWIFT, AusPayNet*

Delivery time:

0-1 business day

*Available upon request on a case by case basis

The rest of the world 🌍

Account details:

IBAN (EU & global)

Account number & Sort code (UK)

Account & Routing numbers (US)

Currencies:

EUR, GBP, USD & 30+ currencies

Supported payment networks:

SWIFT, SEPA, SEPA Instant, Faster Payments, ACH, Fedwire, 10+ local networks

Delivery time:

0-2 business days

Reliable & transparent banking, designed for international business

Worldwide transactions

Transact in 30+ currencies across 180 countries. Get your own dedicated IBAN and local UK, EU & US accounts. Make fast multi-currency payments globally via SWIFT or local payment networks.

Wholesale FX rates

Perform live FX and move money between your own accounts with ease. MultiPass gives you access to wholesale exchange rates that guarantee significant savings versus traditional banks.

Business cards

Handle your daily corporate expenses easily with your own virtual and plastic payment cards. Order and manage your cards 100% online from your MultiPass business account.

Dedicated support

No bots or automated replies!
A dedicated banking expert that understands your business nature with help you out with any questions and ensure smooth delivery or your payments.

Digital onboarding

Onboard and manage your account entirely online, wherever you are. Our team will guide you through the onboarding so that you can be up and running within days, not weeks.

Trusted service

MultiPass is a UK-based FCA-authorised EMI. MultiPass is part of the Dyninno Group, an international holding with over 19 years of experience in the global market.

How to send money to
Australia 🇦🇺 with MultiPass

Convert your currency to AUD

Save on FX vs traditional banks. Hold AUD in your account and avoid unnecessary conversions.

Choose recipient in Australia

Make a payment to their IBAN

From 0.50 GBP per payment

Your beneficiary receives the exact amount, with no hidden FX charges along the way

Pricing

Account opening

29-450 GBP

Account maintenance

29-250 GBP/month

IBAN + local UK, US details issuing

Free

Please note that pricing may vary from case to case. For more information, visit the pricing page.

Get paid in the currency your clients are used to

free to 1 GBP

Share your multi-currency account details with your customers in Australia, allowing them to pay you in AUD.

Pay overseas staff cheaper & easier

from 0.50 GBP

Local payouts offer significant savings vs international SWIFT transfers, which is perfect for companies that regularly pay salaries to overseas contractors.