As an education consultant, we understand that managing finances can be a concern for students studying abroad, especially in countries like Australia. But you don't have to worry as there are various banking options available to make your financial transactions hassle-free.
Most of the major banks in Australia, such as Commonwealth Bank, ANZ, Westpac, and NAB, have specific banking services tailored for international students. These services include easy-to-open bank accounts, online banking, and credit card facilities. You can also avail of student-specific benefits such as waived monthly account fees, no minimum deposit requirements, and discounts on international money transfers. PFEC team will help you have an Australian bank account prior to your arrival in Australia.You will have time to reach Australia, visit the nearest branch and activate your account just by informing your address.
In addition, there are several online banking services like TransferWise, WorldRemit, and PayPal that allow you to transfer money back home at a lower cost than traditional banking methods. You can also use mobile payment options such as Apple Pay and Google Pay to make contactless transactions in stores or online.
As an education consulting firm, we recommend that you research and compare the banking options available to find the one that best suits your needs. Don't forget to also keep track of your spending and maintain a budget to ensure that you can make the most out of your time studying abroad.
So, if you're planning to study in Australia and are worried about managing your finances, rest assured that there are several banking options available to make your experience stress-free.
Since the establishment of PFEC Global in 2006, we have been offering higher education consultancy services to students who are dreaming of a quality life abroad
