Australia has a modern, safe banking system which is international and easy to use.

The Australian dollar is a worldwide currency and is available in most countries. Most Australian banks can cash travelers cheques or exchange currencies of most countries if you bring cash.

Shopping is usually done by Electronic Fund Transfer (EFTPOS) and nearly all shops and restaurants have EFTPOS or credit card facilities. Cash is not so popular and it is not suitable to carry or use large amounts of cash for transactions.

Here are the most common banks that international students use after arriving in Australia:

Commonwealth Bank of Australia
National Bank of Australia
Westpac
ANZ Bank

Your AIS Education Centre counsellor can assist you with any detailed enquiries about establishing a bank account or transferring funds from overseas.