If you want to work or live in Australia, sooner or later you would need to open a bank account. To understand which account is better, you first need to understand a little bit about different banks in Australia and what services they offer.
Big Four Banks
There are 4 major banks in Australia, also called “big four banks“.
Commonwealth Bank of Australia (also called CommBank or simply CBA)
Commbank is the largest bank in Australia. It has an extensive network of branches and nearly 4000 ATMs in Australia. CommBank also boasts of a very user-friendly online banking interface as well as a sophisticated mobile app.
National Australia Bank (NAB)
Though NAB provides similar features to the other big four banks, it is the only bank which provides an unconditionally free account. In other words, it is the only big bank,