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Student Guides



Finance


To start a bank account in Australia you will need to provide evidence of your visa and residency (eg. proof of address). All major banks have branches in cities and regional centres around Australia, which operate from 9am – 4pm Monday to Friday. Some do open on Saturday mornings. 24 Hour Automatic Teller Machines (ATMs) are also available throughout Australia for your convenience. Many department stores, supermarkets and specialist shops have Electronic Funds Transfer at Point Of Sale (EFTPOS) terminals where cash withdrawals can also be made in addition to purchasing goods.

For further information about banking in Australia, visit websites such as the following: Australia New Zealand (ANZ) , Bendigo Bank , Commonwealth Bank , National Australia Bank (NAB) , Westpac


Currency


Australia uses the decimal system of currency (100 cents = $1.00.) Coins come in denominations of 5 cents, 10 cents, 20 cents, 50 cents, $1 and $2. Notes are in denominations of $5, $10, $20, $50 and $100 as listed.


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