Get a bank card after emigration. Do you have to pay a monthly fee to apply for a card in Sydney Bank?

1. You need to apply for a bank card after immigration. It is not always necessary to pay a monthly fee for a bank card in Sydney. Australian bank accounts are divided into deposit accounts and daily accounts. The deposit account has a high interest rate, and no matter whether there is a card or not, there is generally no monthly fee. Daily accounts generally have debit cards with no interest, but most banks will charge a certain fee, ranging from 2- 10 Australian dollars a month. However, there are also free ones. For example, NAB Bank's debit card Visa debit card says that there is no monthly rent for life.

2. Banks are legally established financial institutions engaged in monetary and credit business. Banks are the product of the development of commodity currency economy to a certain stage. Banks are one of the financial institutions. Banks are divided into central banks, commercial banks, investment banks, policy banks and the World Bank. Their duties are different.