Easiest Bank for Approval in Australia 2025: Top Low‑Requirement Options

Finding the easiest bank to get approved can feel like hunting for a needle in a haystack, especially when your credit score isn’t sparkling. The good news? In 2025 a handful of Australian banks and fintechs have trimmed the red‑tape, making it possible for people with limited credit history, low scores, or modest incomes to open an account quickly.

What makes approval easy?

Every Bank uses a handful of criteria to decide whether to say ‘yes’. The most common hurdles are:

• Credit Score - a numeric snapshot of your borrowing history.
• Income Verification - proof that you have a steady cash flow.
• Deposit Requirements - some institutions want a safety net before they hand over a card.
• Identification Checks - government‑issued ID, proof of address, etc.

If a bank relaxes one or more of these, the odds of approval jump dramatically. Below we break down where the leniency lives.

Top Aussie Banks and Fintechs That Say ‘Yes’ More Often

These four institutions have built a reputation in 2025 for low‑bar entry criteria. They’re not all traditional banks - a couple are pure‑digital fintechs that specialize in accessibility.

1. Kogan Money - an online‑only platform that advertises a "no credit check" checking account.
2. UBank - offers a basic transaction account with a modest 550 minimum credit score.
3. Bank of Queensland (BOQ) - EasyStart - a starter pack aimed at first‑time account holders, requiring only a $100 deposit.
4. ING - its Low‑Threshold Savings account accepts credit scores down to 600 and promises a 24‑hour approval turnaround.

How These Banks Keep the Process Simple

Each of the institutions above leans on one or two easy‑approval levers:

• No credit check - Kogan Money skips the credit bureau pull altogether. Instead it uses Australian Credit Bureau data only for fraud prevention.
• Low minimum score - UBank and ING accept scores in the mid‑500s, well below the 700+ many premium banks demand.
• Small deposit - BOQ’s EasyStart only asks for a $100 refundable security, making it attractive for students or recent migrants.
• Fast digital onboarding - all four let you verify identity using a smartphone selfie and a driver’s licence scan, cutting approval time to under a day.

Because they focus on a single or two of those factors, the overall process feels almost frictionless.

Key Approval Criteria Explained

Understanding the exact numbers helps you match your profile to the right provider.

Credit Score Range

Scores below 500 are considered high‑risk; many easy‑approval banks start at 540‑560.

Deposit Size

Deposits can be a full security (e.g., $500) or a refundable hold (e.g., $100). Some fintechs don’t need a deposit at all.

Income Verification

Proof of regular earnings - payslips, Centrelink statements, or freelance invoices - is often enough, even without a high score.

Identification Documents

Australian driver’s licence, passport, or Medicare card plus a utility bill for address proof.

When a bank says it only needs a No Credit Check Account, it’s essentially saying the first three criteria are optional.

Tips to Boost Your Chances of Getting Approved

Even with relaxed banks, a few tweaks can raise the odds from "maybe" to "definitely".

1. Check your credit report beforehand. Fix any glaring errors - a wrong missed payment can knock 30 points off your score.
2. Gather proof of income. Even a part‑time contract or a regular Centrelink payment shows you can sustain the account.
3. Start with a small deposit. If you have cash on hand, a $100 or $200 deposit signals responsibility without tying up funds.
4. Use a government‑issued ID that matches your address. Mismatched details can stall the verification step.
5. Apply online during business hours. Some banks run automated checks that finish quicker when the backing systems are fully staffed.

Following these steps not only smooths the current application but also builds a better credit foundation for future borrowing.

Quick Comparison of the Easiest‑Approval Banks (2025)

Pick the row that aligns with your credit score, cash on hand, and how fast you need the account. The table makes it easy to see trade‑offs at a glance.

Common Pitfalls and How to Avoid Them

Even the most forgiving banks can turn you down if you slip up on the basics.

• Incomplete ID - forgetting a utility bill or using an expired licence will stall verification.
• Outstanding debts - large, unpaid collections can flag fraud even without a credit pull.
• Mismatched personal details - ensure your name, address, and DOB match across all documents.
• Applying to too many banks at once - while many easy‑approval banks don’t perform hard pulls, some still do a soft check that can add a temporary ‘in‑progress’ flag on your record.

Double‑check all paperwork before you hit ‘submit’, and you’ll keep the process smooth.

Next Steps - Get Started Today

Ready to open that account? Here’s a simple 5‑step plan:

1. Pull your latest credit report from Equifax, illion, or Experian. Note any errors.
2. Gather a current payslip or Centrelink statement as Income Verification proof.
3. Choose the bank that matches your score and cash situation from the table above.
4. Visit the bank’s website or app, fill in the digital form, and upload a photo of your driver’s licence and a recent utility bill.
5. Deposit the required amount (if any) using BPAY or a linked debit card, and wait for the confirmation email.

Within a day you’ll have a fully‑functional account ready for everyday spending, saving, or even building credit with a Secured Credit Card linked to your new account.