Banking · 은행

• In Australia Your Credit Starts at Zero — It's a Matter of 'Records', Not Just a Bank Account

  You can open an Australian bank account fairly quickly, but a credit history takes time. Your Korean credit score rarely carries over, and 'no Australian record' can come back as a cost when you apply for rent, a phone plan, electricity or a card. In your early months, the goal is not a great card but a clean financial record.

• A Sloppy Address Can Bounce Your Transfer — the 2026 Remittance Rule Change

  The days of 'name, account, BSB and you're fine' are changing. As SWIFT moves to ISO 20022, recipient addresses must be structured (town and country), and incomplete details raise the bounce risk. In an era where an info error beats FX as the common transfer mishap — prepare with a checklist.

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