Variety of financial instruments and markets are available in Australia. Australia ranks among the developed countries. Read the CIA's World Factbook page on Australia's economy (link).
Please navigate using the menu on the right-hand side, or the links below.
Transaction accounts in Australia usually charge a monthly fee but the transactions within Australia are not charged for.
The one transactional account that is currently fee-free is offered by HSBC Bank Australia.
A few banks in Australia offer migrant banking to new migrants. Migrant banking means one can open an account in Australia from overseas and transfer funds to that account. At a later day, after arrival to Australia and upon identification, the funds are available for use. Banks that offer this service are:
For Interest and dividend tax deductions see the page on Australian Taxes.
For anti-money laundering issues, visit Austrac e-learning web site (link).
Peer-to-peer lending is available in Australia. For more information, read the related blog post.