A new online banking account in Australia can reportedly be set up in five minutes.
The National Australia Bank (NAB) has released the online bank account through its internet business, UBank.
According to iTWire, the savings account can be set up in the short space of time with a few personal details such as a driving licence.
UBank's general manager Gerd Schenkel said that the bank expected a "high proportion" of applicants to be able to set up an account without the need for paperwork.
He said that information is checked against various reliable databases to protect against fraud but refused to comment further for security reasons.
NAB is part of the National Australia Group, whose UK brands are Yorkshire Bank and Clydesdale Bank.
It also includes the Great Western Bank in America and the Bank of New Zealand.
As well as international capital markets, the group is set up around wealth management and banking on regional levels.
