Understand banking in Australia

When you arrive in Australia, we recommended that you have access to approximately AU$3,000 to cover any immediate costs. In the long term, the easiest and most affordable way to access your money in Australia is to set up an Australian bank account.

The Australian Government requires you to have access to AU$20,890 per year to meet living costs. Visit our Finance page for more information.

When you first arrive

You will be able to withdraw money at Australian automatic teller machines (ATMs) if your debit card is a part of the Plus, Cirrus or Visa networks. Please ensure you check with your bank before you arrive in Australia as you may need an updated card or pin to access this service.

Cards

The following cards are accepted in Australia.

Exchange rates

View the exchange rate between the Australian dollar and your local currency.

MAJOR BANKS

Australia has four major banks, called the Big Four, and access to many other international banks.

Banking in Australia

Contact us

Do you have a question? Get in touch with us