Opening a bank account in Australia typically requires you to provide identification documents to verify your identity.

One common method used by banks and financial institutions is the “100 point check” or “100 point of ID” system.

In this comprehensive guide, we’ll explore what the 100 point of ID is, why it’s important, and what documents you can use to satisfy the requirements.


Understanding the 100 Point of ID

The 100 point of ID is a method used by banks and other financial institutions in Australia to verify the identity of individuals applying for financial products and services, such as opening a bank account, applying for a credit card, or obtaining a loan.

The system assigns a point value to various forms of identification, and applicants must provide documents that collectively add up to at least 100 points to establish their identity.

Each type of identification document is assigned a different point value based on its reliability and authenticity.


Higher point values are typically assigned to documents that are more difficult to obtain and less susceptible to fraud, while lower point values are assigned to documents that are more readily available or easier to fake.

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Why is the 100 Point of ID Important?

The 100 point of ID system is important for several reasons:

1. Preventing Identity Theft and Fraud

Verifying the identity of customers helps banks and financial institutions prevent identity theft and fraudulent activity.

By requiring multiple forms of identification that collectively add up to 100 points, institutions can ensure that applicants are who they claim to be and reduce the risk of unauthorized account openings or transactions.

2. Compliance with Regulations

The 100 point of ID system helps banks and financial institutions comply with regulatory requirements, such as the Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF Act).

These regulations mandate that financial institutions implement robust identity verification procedures to prevent money laundering, terrorism financing, and other illicit activities.

3. Protecting Customers and Institutions

Ensuring the identity of customers helps protect both individuals and financial institutions from potential harm.

By confirming the identity of account holders, banks can safeguard customer funds, prevent unauthorized access to accounts, and maintain the integrity of the financial system.

Documents Accepted for the 100 Point of ID

While specific requirements may vary slightly between banks and financial institutions, the following types of identification documents are commonly accepted and assigned point values under the 100 point of ID system:

Primary Identification Documents (Worth 70 Points or More)

  • Birth certificate (70 points)
  • Australian passport (70 points)
  • Australian citizenship certificate (70 points)

Secondary Identification Documents (Worth 40 Points or Less)

  • Driver’s license or learner’s permit issued by an Australian state or territory (40 points)
  • Passport issued by a foreign government (40 points)
  • Proof of age card (40 points)
  • Medicare card (25 points)
  • Utility bill or council rates notice issued within the last three months (25 points)
  • Bank statement or financial institution card statement issued within the last three months (25 points)
  • Credit card or debit card issued by a financial institution (25 points)

Additional Identification Documents (Worth 25 Points or Less)

  • Student identification card (25 points)
  • Medicare card (25 points)
  • Certificate of identity issued by the Australian Department of Foreign Affairs and Trade (25 points)
  • Working with Children Check card (25 points)

Exceptions and Additional Requirements

While the 100 point of ID system is commonly used by banks and financial institutions in Australia, there may be exceptions and additional requirements depending on the specific circumstances and the institution’s policies.

For example, applicants who are non-residents or temporary visa holders may need to provide additional documentation, such as a valid visa or residency permit, to satisfy identification requirements.100 point identification for bank accounts in Australia. What's this? - Wise

Furthermore, individuals with limited access to primary identification documents may face challenges in meeting the 100 point threshold.

In such cases, banks and financial institutions may accept a combination of secondary and additional identification documents, provided they collectively demonstrate the applicant’s identity and are deemed reliable and authentic.

Importance of Accuracy and Compliance

Accuracy and compliance are paramount when it comes to the 100 point of ID system. Banks and financial institutions must ensure that identification documents are thoroughly reviewed and verified to prevent identity fraud and comply with regulatory requirements.

Failure to adhere to these standards can result in serious consequences, including financial penalties and reputational damage.

It is incumbent upon both financial institutions and customers to uphold the integrity of the ID verification process.

By working together to maintain rigorous standards and protocols, banks and customers can contribute to a safe and secure banking environment for all.


The 100 point of ID system is a critical component of identity verification processes for opening bank accounts and accessing financial services in Australia.

By requiring applicants to provide identification documents that collectively add up to at least 100 points, banks and financial institutions can verify the identity of customers, comply with regulatory requirements, and protect against fraud and illicit activities.

Understanding the types of documents accepted and their corresponding point values can help individuals navigate the ID verification process smoothly and efficiently.

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