Banking

Banking

You should bring enough Australian currency in cash for your first few days and have access to $1,500 to $3,500 in bank draft/travellers' cheques (in your own name) to get established.

To pay your bills, receive income from work and to receive international money transfers, you will need an Australian bank account. To help get you started, we have listed the ‘big 4’ banks that most people in Australia have an account with, and they are:

  • Australia and New Zealand Banking Group (ANZ)
  • Commonwealth Bank (Commbank)
  • National Australia Bank (NAB)
  • Westpac Banking Corporation

It is important that you compare what each bank has to offer before choosing one that’s right for you.

You may be able to apply for an account online before heading to the bank to finalise your account. When you head over to the bank, you will need to bring with you your personal identification (such as a passport), proof of your current address and contact details, some money to deposit and your student visa or Confirmation of Enrolment (if you are applying for a student account).

Once you have opened your bank account, you will be provided with a debit card. You can use this card to purchase things in-store or online using your own money. You can also use this card to withdraw cash by visiting an Automated Teller Machine (ATM).