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Overseas students

If you’ve come to Australia from overseas to study, we can help you set up a new bank account, transfer your money from overseas and so much more.

  • Get access to Australia’s largest banking network with over 1,000 branches and 4,000 ATMs nationwide, including more on university campuses than any other bank in Australia
  • Transfer money to and from overseas
  • Receive a debit card to use in ATMs and EFTPOS terminals
  • Access your accounts anytime worldwide with NetBank, Mobile Banking and telephone banking
  • Access your money at more than 35 million locations around the world wherever MasterCard® is accepted, and shop online without needing a credit card

Our team of professional, multilingual service officers can help you set up your new student banking in Australia from your home country.

  • Apply for a student bank account online from your home country
  • Our Migrant Financial Service team will process your application and contact you with:
    • Your bank account details
    • The location of the bank branch you’ll need to visit when you arrive in Australia to provide your identification and access your account

  • Exchange money from other countries at any CommBank branch
  • We accept and exchange traveller’s cheques and over half of all foreign currencies in cash
  • When you visit a branch for the first time, bring in your passport and proof of enrolment in your study course

  • If you’ve been in Australia for less than six weeks, your passport is the only identification we need to open a transaction account for you
  • To waive the normal monthly account keeping and withdrawal fees on your transaction account, bring in your proof of enrolment as a student (including your course start and end dates)
  • We can open your transaction account for you immediately, and you will be able to deposit and withdraw money from the account straight away
  • Receive your account number so you can arrange for transfers of money to or from your home country
  • You may also be interested in a high interest online savings account such as NetBank Saver

  • Australian currency is the only legal tender in Australia
  • Australia uses a system of decimal currency with 100 cents in the dollar
  • The notes in use are $5, $10, $20, $50 and $100
  • Coins used are the silver 5 cent, 10 cent, 20 cent and 50 cent and the gold $1 and $2

Automated Teller Machines (ATMs)

  • Australian banks generally charge fees for using the ATMs (automatic teller machines) of another bank, so it is wise to choose a bank that operates a lot of ATMs of its own
  • We operate more ATMs and branches than any other Australian bank 

Electronic Funds Transfer Point of Sale (EFTPOS)

  • Most department stores, supermarkets, specialist shops and restaurants have electronic transfer terminals (EFTPOS) where, at the merchant's discretion, cash withdrawals can also be made in addition to purchasing goods when using your Commonwealth Bank keycard 

Internet banking

We also offer internet banking and telephone banking 24 hours a day, seven days a week from anywhere in the world.

For more help, please contact our Migrant Financial Services team:

  • Email us
  • Call toll free from your home country 8am – 8pm Sydney, Australia, time. We can speak English, Mandarin, Cantonese, Indonesian Bahasa, Hindi, Urdu, Fijian Hindi, Korean and Vietnamese
  • Visit a Commonwealth Bank International branch in:
    • Asia (China, Hong Kong, India, Indonesia, Japan, Singapore, Vietnam)
    • New Zealand
    • Europe (London, Malta)
    • North America (New York)

Phone: +612 9762 0920

Fax: +612 9151 8399

Free call from:

Australia: 1800 188 888
Canada: 1866 547 0817
China: 00 800 3368 8866
Fiji: 00 800 2526
Hong Kong: 001 800 3368 8866
India: 000 800 610 3122
Indonesia: 001 803 0612 128
Malaysia: 1800 181 018
New Zealand: 0800 229 888
Philippines: 1800 1612 0131
Singapore: 800 6162 219
South Africa: 0800 980 339
South Korea: 0079 8612 1062
Taiwan: 0080 1232 429
UK: 0808 234 8969
United States: 1800 793 4199
Vietnam: 1800 1507

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Surviving on your own

University or TAFE is an amazing experience. You’ll meet new people, be exposed to new ideas, and there’s so much more freedom than in high school. But it also means a lot of new expenses, which can make managing your money tough.

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Understanding HECS-HELP

HECS-HELP is designed to help students at university who don’t have the money upfront to pay the fees, by allowing them to study for a degree and deferring payment until they are earning money in the workforce.

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Related products

The all-in-one bank account that provides flexibility, with unlimited electronic transactions.

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Pay for everything from pizzas to laptops with a CommBank MasterCard® and pay no annual fee as a student.

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Reach your savings goals faster thanks to a great variable rate.

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Whether you're looking to buy a car, manage debt or take care of an emergency, we have a personal loan to suit.

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Important information

*Access fees apply to all transactions (including balance enquiries) using non-Commonwealth Bank and non-Bankwest ATMs here and all ATMs overseas and EFTPOS transactions overseas.

The advice on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the advice, consider its appropriateness to your circumstances. Please view our Financial Services Guide (PDF 69KB).

You must have an Everyday Account to open a NetBank Saver Account.

Terms and conditions for an Everyday Account and NetBank Saver account issued by the Commonwealth Bank of Australia are available online or from any branch of the Commonwealth Bank and should be considered before making any decision about these products. Fees and charges apply.

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