Banking and Money
The Australian currency (AUD) is Australian dollars and cents. 100 cents equals one dollar. Notes come in $100, $50, $20, $10 and $5 denominations. Coins are available as $2, $1, 50c, 20c, 10c and 5c denominations.
Overseas currency and travellers’ cheques may be exchanged at most banks and foreign currency exchanges. Some large hotels will also exchange major currencies.
You can access your money at automatic teller machines (ATMs), which are readily available throughout the Northern Territory. You may be charged a fee for using an ATM that is not from your own bank.
You should also be able to use your bank card from your home country at most ATMs, although there will probably be fees charged for this.
Opening an Australian Bank Account
Most bank branches are generally open from 9.30 am to 4.00 pm on weekdays, but have secure online banking facilities accessible 24 hours a day.
As a student, try to look for a local bank that offers low-fee accounts or specials for students.
To open a bank account you will need to have:
- Your Electronic Confirmation of Enrolment (eCoE) Passport
- Letter of Offer from your school or university
- Other forms of identification if you have them
- You may also need an Australian Tax File Number