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WebIs UBank covered by government guarantee? The Australian Government guarantees deposits up to $250,000 per person per Authorised Deposit-taking Institution (ADI) including UBank. This means that your deposit up to $250,000 with a financial institution is guaranteed by the government to be paid back to you in case that financial institution fails. Web2 de fev. de 2024 · Setting up a bank account in Australia in person will require some more specific documents, but as long as you have a passport, your Australian visa (if needed), proof of address and a driving licence, you should be able to manage. Extra documents like your birth certificate, utility bills or bank statements will help too. f is for frog template