What is the local currency?
The Australian dollar is the local currency. Each dollar is worth 100 cents.
What denominations does it come in?
Coins come in denominations of 5, 10, 20 and 50 cents, as well as $1 and $2. Notes are $5, $10, $20, $50 and $100.
What is the best way to exchange currency?
Banks are probably your best bet for currency exchange. Some hotels will exchange major currencies for guests. In addition, there is a 24-hour agency at the airport.
What are commonly-used forms of payment for everyday purchases (such as groceries)?
Cash, debit card (Electronic Funds Transfer at Point of Sale - EFTPOS) and credit cards. (Major cards are Visa, American Express and MasterCard.)
Will I be able to use my credit card around town? If not, list when I’ll need cash.
The majority of places will accept credit cards, but smaller shops may require cash or EFTPOS for purchases.
By what method are bills (such as rent and utilities) paid?
Bills can be paid with direct debit (arranged through your bank), phone payment with BPay and Internet banking. Some bills can be paid at the local post office.
What are the requirements for opening a bank account? At what stage of the settling-in process should I open it?
When coming from overseas, you can open an account with only your passport within six weeks of your arrival but it is recommended that you inquire with your chosen financial institution for its policy.
Will foreign residents be able to find banking services in their native languages?
Certain banks can provide migrant facilities; this will depend on the individual banking institution.
Are there any restrictions on services for those who are new to your country?
No restrictions that are known.
What are typical banking hours?
Monday through Thursday: 9:30 a.m. to 4:00 p.m.
Friday: 9:30 a.m. to 5:00 p.m.
Some major banks are open on for limited hours on a Saturday
Are automatic teller machines (ATMs) available around the clock?
Yes, ATMs are available 24 hours a day.
Is there any other money information that might help me?
Visa, MasterCard and American Express are the most commonly-used cards. Many credit cards are also linked to loyalty systems where you accrue frequent flyer points and other rewards.
Crown Relocations has made every effort to present accurate information. However, regulations, rates and other variables are subject to change and Crown Relocations cannot accept responsibility for the errors that might result. Should you have any questions or need additional information, please contact your local Crown representative.