There are four major banks in Australia, namely ANZ, Commonwealth Bank of Australia (CBA), National Australia Bank (NAB) and Westpac. The Big Four banks are common on Australian streets. Deposit money in the bank, and you can easily find ATM machines or branches in various shopping malls or public places to handle transactions. As for which of these four is suitable, it is actually better to choose one that is more convenient, such as one with a branch on campus, or one at your doorstep. Australian banks charge a $2.5 handling fee for inter-bank withdrawals.

>>>>Open an account

You need to bring your passport when you go to open an account. When you enter the bank, someone will come up to you and ask you what business you want to handle. You can say "I am a new starter in Australia, I want to open a bank account and put money in", and they will guide you to the right place. . The reason why you tell people that you are a newcomer is because the bank can introduce you more information based on your situation. Xiaoju said this when I first went there. The bank staff also enthusiastically introduced me to the interest rates and interest rates of Australian banks. Special services. After you open an account, the bank will give you an account number. It's very long and you don't need to remember it. The bank will write/type it on a small card and put it in your wallet. If you find a job in the future and your workplace pays you wages without receiving cash, it will be put on the card through your account number, and you need to give this account number to your workplace.

>>>>Online banking

All banks in Australia have online banking. Which banks in Australia recommend opening one? You can check your account information at any time from your mobile phone or online. Or perform some transfer services. Many times, you don’t need to go to the bank, you can do it online, which saves a lot of time. Bank savings, Australian bank savings are generally demand deposits with relatively low interest rates. Some banks also have time deposits with higher interest rates and a term of about one year. Unless otherwise requested, it is all current. Cash deposits are also more convenient for international students.

>>>>Credit Card

Credit card is very important in Australia. It can help you pay for water, electricity and coal network. Many bills require a credit card when paying online. If If you use your credit card to a certain stage, you can exchange it for various gifts or shopping vouchers, which is quite affordable.

The accounts currently opened in Australia are basically credit and savings cards. That is, ordinary savings cards will have VISA or MASTER CARD labels on them, and you can directly use the account card for online transactions. For students arriving in Australia for the first time, banks will also provide an appropriate overdraft limit, usually AUD 500. In the future, as your work income increases, you can apply for other types of credit cards.

>>>>Domestic Remittance

Considering the convenience of remittance from home, many people want to choose a domestic bank with branches in China and Australia - mainly Bank of China, but Bank of China There are still relatively few branches in Australia. If it is far from your doorstep, it is more convenient for you. If your family and friends want to remit money to you from China, you need to go to an Australian bank to get a SWIFT Code and give it to your family along with your bank account number, and then they can remit money to you in a domestic bank. According to the exchange rate (USD) of the day, a handling fee of twenty or thirty yuan will be charged, and the money will be transferred to your account in two or three working days. Of course, there are other options for sending money. Bank transfers take a long time, the exchange rate is not favorable enough, and there are also handling fees. Many people choose financial institutions that specialize in currency exchange. To remit money from within the country, you only need to transfer the money to a domestic account, and then send the remittance receipt, the recipient's account, name and other information to the designated email or fax, and then you can choose a time when the exchange rate is the most favorable. Make a local phone call in Australia and request a transfer to your Australian account. There are no handling fees, the account will arrive on the same day, and the exchange rate is more favorable than that of banks. However, some students are not reassured. Although it is legal in Australia, after all, such financial institutions are not legal in China. Some people also launder money abroad in this way without going through banks and leaving no traces.

>>>>Australian banks also queue up

Australian banks also queue up. Sometimes the wait is quite long. If you can do it online, we won’t bother the bank. Water, electricity, coal and electricity network The payment bank does not handle it. If you do not pay it online, you have to go to the post office to pay it. Generally, bank business hours are from 9 am to 4 pm, Monday to Friday. Busier banks may be open for half the day on Saturdays, and almost no banks are open on Sundays. If you want to go to the bank for business, you should arrange your time reasonably according to the bank's business.

>>>>I like the service attitude

The general environment and services of Australian banks are very good. There are also banks in Chinatown that can speak Chinese. If you are a newly immigrated family whose English is not very good, or a student studying abroad, if you go to an Australian bank, you must be brave enough to ask questions you don’t understand. You are new here, and it is normal to have some confusion.