Table of Contents
Establishing a Bank Account #
Your group must have access to a suitable bank account to manage funds used to support the newcomer household.
At a glance #
- Every group needs access to a bank account.
- The best option depends on your group’s structure.
- Most CRSA groups are not incorporated.
Bank account options #
| Option | Best suited for |
|---|---|
| Bank account in the name of the group | Incorporated groups, or unincorporated groups where the bank allows this type of account. |
| Bank account in the name of three group members | Unincorporated groups. |
| Bank account of an affiliated community organisation | Groups supported or auspiced by a community organisation. |
Banks that support unincorporated groups #
Useful banking resources:
Australian Business Number (ABN) #
f your chosen bank requires your group to have an Australian Business Number (ABN), you can apply through the Australian Business Register.
Australian Business Register:
“Choose the banking option that best matches your group’s structure and allows funds to be managed transparently.”
