With Thomas Cook you can open a bank account in Australia right here at any of our branches even before you travel.

Commonwealth Bank is one of Australia’s leading financial institutions with a long history in the Australian banking industry. With over 1,000 branches and more than 3,100 ATMs Commonwealth Bank has the largest branch and ATM network in Australia.

Why Commonwealth Bank

Largest branch & ATM network

With over 1,000 branches and more than 3,100 ATMs the Commonwealth Bank has the largest branch and ATM (Automatic Teller Machines) network in Australia. Australian banks generally charge fees for using the ATMs of another bank, so it is wise to choose a bank that operates a lot of ATMs of its own.

Security

With one of the largest customer bases in Australia, the Commonwealth Bank can be relied upon.

24 hours, 7 day a week access

Via internet and telephone banking, customers can access their accounts 24 hours a day, 7 days a week.

Access around the world

Customers can access their funds through ATMs around the world via the Cirrus network.

Exchanging currency

 Money from other countries can be exchanged at any one of 1,000 Commonwealth Bank branches across the country.

Benefit to Students

For full-time tertiary students, including international students, opening an account with the Commonwealth Bank offers a number of compelling benefits.

Save on Bank Fees

Banks in Australia generally charge monthly account keeping fees and transaction fees on their bank accounts - these fees can add up to $10 or more per month.

With the Commonwealth Bank students can open a Streamline account with zero monthly account keeping and withdrawal fees (not valid on other bank ATMs) for a full time tertiary student.

What Students don't pay for?

            • NO transaction and account keeping fees on everyday account when you use commonwealth bank network. Streamline is an all-in-one everyday account that gives you 24 hour worldwide access to your money with a Keycard. The use of non Commonwealth Bank ATMs to withdraw cash or to make a balance enquiry will attract fees.

            • NO credit card annual fee - save up to $59 a year. Choose from a Standard Commonwealth Bank Visa or MasterCard with up to 55 days' interest free and optional membership to Commonwealth Awards.

            • NO establishment fee Personal loans

Commonwealth Bank on Campus

The Commonwealth Bank has more branches and ATMs within university campuses than any other bank.

Salient features

·          One-stop shop for international students. The students can now open bank accounts in Australia and transfer money before they arrive from any of the Thomas Cook Branches.

·          Process to open a bank account is quick and simple - the client will be advised of their account details within 24-48 hours.

·          Thomas Cook team will take the client through the details of their account, how to transfer funds and what to do on arrival in Australia.

To find out more about the procedure for opening a Commonwealth Bank account in Australia, send us a query