Australia has a range of banking options to help you manage, access and move your money. Learn more about the system and get the best solution for your needs.

Australia has a range of choices when it comes to managing your money, from banks that cover the whole country to local credit unions and building societies.  Here are some quick tips on setting up your bank accounts.

  • You can set up a bank account before or after you arrive. 
  • To open an account you will need to have your Electronic Confirmation of Enrolment (eCoE), passport, Letter of Offer and other forms of identification
  • You may also need an Australian Tax File Number (TFN). You can find information about getting a TFN at the Australian Tax Office website.
  • Financial or student support officers at your university or college will be able to give you information on how to set up a bank account. 
  • You can also read advice from the Australian Government’s Moneysmart website.

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