Banking in Australia
We recommend that you set up an Australian bank account, especially if you plan to work at a job or have money paid to you from overseas while you live in Australia.
Australia has a few major banks (e.g. ANZ, Commonwealth Bank, NAB and Westpac) and many smaller, independent banks. You should compare banks to see which is best for your personal needs before choosing where to open your account.
To open a bank account, generally you will need to bring:
- Confirmation of Enrolment (eCoE) and Letter of Offer from Swinburne
- personal identification (e.g. passport, student visa and birth certificate)
- proof of your current address and contact details
- some money to deposit.
If you intend to work in a paid job while you study in Australia, you will also need an Australian Tax File Number (TFN).
Accessing your money
You can withdraw your money from automatic teller machines (ATMs) all over Australia. It is usually free from an ATM associated with your bank, but if you use another bank's ATM, you may be charged a fee.
Most ATMs in Australia also accept international cards, so you can withdraw money using your credit or debit card from your home country. You may be charged fees to withdraw money from your home country account, so check with your home country bank before you arrive in Australia.
Transferring money overseas or to Australia
You can have money electronically transferred into your Australian bank account from overseas banks.
To send money to another country, you will need to provide the banking details of the person you are sending the money to. Your Australian bank will electronically transfer the money from your account to their account.
Fees and charges may apply for these services, so contact your bank for more information.