It is recommended that you open a bank account soon after arriving. Banks in Australia provide savings and cheque accounts plus a range of other financial services including personal loans, bank drafts and transfer of funds. Exchange of currencies and the purchase of foreign currencies can also be conducted at banks. Travellers cheques can be cashed at banks but you will need to show your passport for identification.

Here are banks which are located near Future Education Group:

Commonwealth Bank (CBA)
546 George Street
www.commbank.com.au

Westpac Bank
591 George Street
www.westpac.com.au

Opening a Bank Account

If you have been in Australia for less than six weeks, your passport will be enough identification to open a bank account. If you have been in Australia for more than six weeks, you will need some further identification such as your student identity card. Before choosing a bank and a particular account, you should compare interest rates, bank fees, etc. Some banks do provide student account where only government fees are charged

Most students open an account that has access to an automated teller machine (ATM) via a card. Cash is then accessible 24 hours a day, seven days a week.
Most supermarkets and shopping places have facilities to purchase goods with your ATM card known as EFTPOS facilities.

Banking Hours

Banking hours vary but these are the general banking hours of most banks:

Monday to Thursday:
9.00am to 4.00pm

Friday:
9.00am to 5.00pm

Saturday and Sunday closed. Some banks may open Saturday mornings.