Your Business Account 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.

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 70 other currencies.

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.

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.