Having your own bank account is an important step in gaining financial independence and protecting your finances from your partner’s control. Ask your bank to take extra precautions and make no links to your partner’s shared accounts. Here’s how you can set up a new bank account safely and securely:
1. Choose a bank
- Staying with your current bank: If you decide to stay with your current bank, request that they open a new account in your name with a unique customer account number. Make sure to use a strong, new password that your partner won’t be able to guess. Ask the bank to take extra precautions to ensure there are no links between your new account and any shared accounts with your partner.
- Switching to a new bank: If you choose to move to a different bank, you’ll need to provide additional identification, and it may take a bit longer to set up your profile. Some banks offer online verification, allowing you to set up the account online and then visit a branch to verify your ID with your original documents. Check the specific requirements of the bank you choose.
2. Choose an account type
- Consult with bank representatives: Speak to bank representatives about the best account type for your situation. They can advise you on options that provide security and meet your financial needs.
3. Provide identification
- 100 points of ID: To open a bank account, you’ll need to provide 100 points of identification. This can include documents like your passport, driver’s licence, and medicare card.
4. Apply for the account
- Online or in-person: You can apply for an account online or by visiting a bank. When setting up your account, make sure to request that no communication is sent to your home address to prevent your partner from discovering your new account.
- Secure communication: Use a new email address your partner doesn’t know about to receive bank communications safely. This will help ensure that your account details remain private.
5. Get support
- Financial assistance: The Good Shepherd Financial Independence Hub can help you open and manage your own bank account. You can reach them by calling 1300 050 150 from Mon – Fri, 7am – 7pm (Sydney/Melbourne time). Interpreter services are available if needed.