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Banking

You can open an Australian bank account at a local bank or credit union branch once you arrive in Australia. There are Bankwest and UniBank local bank branches and several automated banking machines conveniently located on the Perth Campus.


Choosing a bank

You may decide to open a bank account in Australia so that you can pay for your items using Australian dollars and minimise foreign currency exchange fees on daily transactions.

You can choose to open an account with a credit union or one of the larger banks. Credit unions are member-owned; they tend to be smaller and more community-oriented than banks.

There are a number of banking institutions to choose from in Australia:

Bankwest and UniBank both have branches located on the Perth Campus.

Opening a bank account

Before you open a bank account or start part-time work, you should apply for a tax file number from the Australian Taxation Office (ATO).

You can open a bank account once you have arrived in Australia by visiting a local bank or credit union branch with the following documents:

  • your passport plus one other form of identification
  • funds to make an initial deposit.

Transferring money from overseas

You can transfer money from an overseas account into your Australian account using a money transfer service such as Western Union.

ATMs

ATM is the Australian word for an automatic banking machine, where you can withdraw cash, deposit money or check your account balance at any time of day. There are ATMs conveniently located on the Perth Campus, representing Bankwest, UniBank and ANZ.

“Perth offers a lot of things. You can travel around Western Australia. You can visit places and interact with animals, you can go to the city centre. Sometimes my wife and I like to go there to eat. There are a lot of restaurants and a lot of parks. Security is not a concern here. Perth offers a high level of security and Australians are friendly – I like that.”

Gonzalo Ceron, Master of Petroleum Engineering Equador