Which bank is best for joint account in Australia?
Our analysts have analyzed the Australian market and selected the best accounts with competitive rates and convenient account management applications for your consideration.
Can a couple open a joint account?
Yes, joint accounts allow them to deposit, withdraw, and manage funds collectively, for example, pay household bills, purchase groceries, and make mortgage payments.
You can also place free funds on a savings account.
Calculate your future income on a savings account (example):
| Amount, $ | Rate, % | Accrued %, $ |
| 20,000 | 2.90% | 580 |
| 20,000 | 2.95% | 590 |
| 20,000 | 3.00% | 600 |
| 50,000 | 3.05% | 1,525 |
| 50,000 | 3.10% | 1,550 |
| 50,000 | 3.15% | 1,575 |
| 100,000 | 3.20% | 3,200 |
| 100,000 | 3.25% | 3,250 |
| 100,000 | 3.30% | 3,300 |
| 200,000 | 3.35% | 6,700 |
| 200,000 | 3.40% | 6,800 |
| 200,000 | 3.45% | 6,900 |
You can also get more detailed calculations by using our financial calculators.
How to open a joint bank account?
Opening an account usually requires the participation of all its owners:
- Choose the Bank, consider fees, interest rates, and network of branches and ATMs.
- Gather Required Documents: passports, driver's licenses, utility bills or rental agreements
- Visit the Bank with your partner
- Complete the application forms
- Sign Documents and Deposit Initial Funds
- Receive Account Details
- Follow the instructions to activate your account
You can also be interested in popular FAQ on similar banking products:
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Details of companies offering the financial services:
Bank Australia
Head office’s address: 222 High Street
Contact center: 61-132888
Phone: 61-3-9854-4666
Mail address: Bank Australia Locked Bag 2035, Collingwood VIC 3066 Australia
Web-site: https://bankaust.com.au/personal
ABN: 21 087 651 607
BSB: 313 140
Bank of Queensland
Head office’s address: 100 Skyring Ter
Contact center: 61-1300-557-272
Mail address: 100 Skyring Ter L 6, Newstead, Queensland, 4006
Web-site: http://www.boq.com.au/
Stock code: BOQ
ABN: 32 009 656 740
BSB: 124-001
CommBank
Head office’s address: 201 Sussex Street
Contact center: 13-22-21
Phone: 61-2-8055-4001
Mail address: Level 10, Tower One, Darling Park, 201 Sussex Street
Web-site: https://www.commbank.com.au/
Swift code: CTBAAU2S
Stock code: CBA
ABN: 48 123 123 124
NAB
Head office’s address: 800 Bourke Street
Contact center: 13-22-65
Phone: 61-3-8566-7023
Mail address: Level 4, 800 Bourke Street, Docklands, VIC
Web-site: http://www.nab.com.au/
Swift code: NATAAU3303M
Financial institution code: NAB
Stock code: NAB
BSB: 086-027