It is very simple for the international student to open a bank account in Australia. You will need to take your passport and a letter from the school showing that you are studying in Australia and the duration of your course or your student card, which is also obtained at school. Once you have your documents ready, you just need to go to a bank and say that you would like to have an account and make a deposit of some money. You will receive a card that you can use in any 24 hours ATMs in all Australia but pay attention because if the ATM it is not from the same bank you have your account there is a charge that varies from bank to bank but it is around $2 per transaction. A tip to avoid paying this fee is asking for cash out when you are buying something.
The biggest banks in Australia are ANZ, BANK WEST, COMMONWEALTH, NAB and WESTPAC.
Australian currency: Australian Dollars
You will find $100, $50, $20, $10 and $ 5 dollars notes and $2, $1, $0.50, $0.20, $0.10 and $0.05 coins.