Australian Banking System:
Australia has a very sound banking system, it is easy to access money and easy to open a Student Bank Account when studying in Australia.
If you are a student in Australia for an extended period of time, its worthwhile you understand banking in Australia as it will ultimately save you money and make your studies easier. Read on...
Banking Advice for Students:
The major Australian banks are: NAB, ANZ, St George and Commbank. There are also other smaller banks.
Bank hours are Monday to Thursday from 9.30am - 4.00pm, Fridays from 9.00am to 5.00pm. Some banks open Saturdays but not all their branches.
Automatic Teller Machines (ATMs) are situated throughout the city, offering 24-hour access to withdraw cash. The best ATMs to go to are those at Bank Branches, privately owned ATM's located in corner stores & petrol stations etc, often have additional withdrawal fees. All Australian banks also offer internet banking services so you can do your banking online.
Cash can also be withdrawn, and purchases made at shops & stores, using a debit or credit card via the Eftpos System. Additional charges may occur if you use an overseas card.
There are some advantages in being a student, when banking in Australia. Before opening an Australian Bank account we recommend you read: Australian Currency/Money, Student Bank Accounts, Student Loans or Student Credit Cards.
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