Startups in Australia usually want fast online onboarding, low running costs, multi user access with controls, and an account that scales as the team and the currencies grow. Several accounts cover this without a high monthly fee.
Suits Startups best
Early stage teams keeping costs low
Typical monthly fee
From no monthly fee to about A$149 a month by plan
Non resident position
Possible where the company is registered in Australia. Verify with the provider.
Providers that fit
Three reviewed here
Fees and features as of 13 February 2026Last reviewed 13 February 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Startups tend to want to open an account quickly, keep monthly costs low, and add controls as the team grows. As of 13 February 2026, Wise Business charges no monthly fee, Airwallex offers a waivable Explore plan and spend tools, and Revolut Business adds card controls on paid plans. Compare current fees and features before choosing.
What a startup in Australia needs from a business account
Early stage companies value a quick online application, a low or zero monthly fee while revenue is small, multi user access with approval steps, and the ability to handle foreign currency as customers and suppliers spread across borders. A no monthly fee account suits the first stage, while a paid plan can pay off once you need richer controls. Confirm current terms with the provider.
W
Wise Business
No monthly fee and quick online onboarding, but no lending, overdraft or branch network.
Best for
Pre revenue and lean startups
Monthly fee
No monthly fee, one off A$65 to enable local account details
These providers accept startups registered in Australia. Fees and eligibility shown as of 13 February 2026. Confirm current terms with the provider before applying.
What account suits an early stage startup in Australia?
A no monthly fee account often suits the first stage. As of 13 February 2026, Wise Business charges no monthly fee, and Airwallex can waive its A$29 Explore fee where deposit or balance conditions are met. As the team grows, paid plans add controls. Compare current terms with the provider.
How fast can a startup open one of these accounts?
Fintech accounts can often onboard online within a few business days once the company is registered and identity is verified, while major banks may take longer. As of 13 February 2026 timelines vary by provider and by how complete the application is. Confirm with the provider.
Do these accounts support multiple founders and staff?
Several plans offer multi user access with permissions and approval steps, though the detail and any added cost vary by provider and plan. As of 13 February 2026 you should check the current plan features with the provider.
Can a startup pay overseas contractors from these accounts?
Yes. Wise Business and Airwallex are built around international payments, with conversion margins shown as of 13 February 2026. Confirm current rates and supported countries with the provider.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 13 February 2026. Confirm current terms with the provider before applying.