Banking

The four major banks in Australia are ANZ, Commonwealth Bank, NAB and Westpac. There are other local and international banks.

When considering which bank is right for you, be sure to consider factors such as fees (some banks do not charge students fees), ATM locations, services offered as well any affiliations with your home banking institution.

In Australia, you can often use a debit or credit card to electronically pay (EFTPOS) for goods and services instead of cash. This reduces the need to carry a large amount of money, however there is usually a daily withdrawal limit.

Most Australian banks will give you access to internet banking, which can be a good way to manage your money.

Check with your bank about fees for using EFTPOS and internet banking.

Tax File Number (TFN)

Having a TFN will reduce your tax. To apply for a TFN, visit the Australian Taxation Office website.