What is the best local bank in Sydney?

Question

I want to open a bank account that makes it easy for me to withdraw money, and rent an apartment in Sydney, it must have a lot of ATMs, least fees and least opening minimum amount (I dont have to deposit a million dollars to open an account, as few as 1000 would be great) and with least penalty... how can i get a list of banks in Sydney in general?
Is it true that withdrawing from ATMs is NOT free in sydney?

Answer 1

Australia's banks are different from American banks. We don't have local banks but large nationals. The big four, the ANZ, the NAB, Westpac and the Commonwealth have branches and ATMs everywhere. Any of them will suit you. You can use any ATM with your card but you are charged for using an ATM that does not belong to your bank. You will also be charged if the number of ATM transactions exceeds a set limit. There are smaller banks and credit unions that might serve your purposes better but if I were you, I would open an account with one of the Big Four to start with. Once you have settled you can look at other banks and perhaps change your account.

To open an account you will need 100 points of identification.
There is a lot of information about banks and opening accounts here:
http://www.yesaustralia.com/Estilo-bancosing.htm

Answer 2

Best Bank In Sydney

Answer 3

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Answer 4

Banks in Australia will only convert the major currencies (the ones listed on the table at exchange booths). Other countries (any african currency apart from Sth Africa, European currencies apart from Euro and pound) you will be hard pressed finding any place to convert them. I had some Polish Zoltas that I had to wait until my next UK trip to convert.

Answer 5

i would say National Bank