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Adelaide is one of Australia’s most affordable cities.

With a lower cost of living than most other Australian cities, you have more money to enjoy your time in Adelaide.

Australian Currency

Australia's national currency is the Australian dollar ($, A$ or AUD). Our colourful banknotes depict famous Australians.

Australian coins feature Queen Elizabeth II on one side and Australian imagery on the other.Infographic of Australian currency - $5 note, $10 note, $20 note, $50 note, $100 note

If you need to exchange your home currency, there are many options in the city, including the ANZ Bank in Rundle Mall.

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Setting up your bank account

Having an Australian bank account gives you easy access to your money whilst you are enjoying your student life in Adelaide.

If you're looking for a trusted local bank, we recommend visiting ANZ Bank to speak to their friendly staff about your banking needs. Find your nearest ANZ branch here.

Documents you'll need

If you want to open a bank account in Australia, you need to pass the ‘100 points’ system to prove your identification. Your passport, combined with your Australian student ID card, or Confirmation of Enrolment (CoE) may give enough identification. However, you’ll need to check this with your bank.

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Money Terms




Automatic teller machine


A service that allows you to pay your bills using internet baking or phone banking


A point of sale electronic payment system used widely in Australian businesses. You can use your debit or credit card to pay for things using an EFTPOS facility.

Debit card

Also known as an ATM card. This allows you to directly access the money in your bank account through ATMs and EFTPOS.


The Goods and Services Tax put on the supply of most goods and services in Australia. Prices displayed in shops usually include the GST.

payWave / PayPass

payWave (Visa) or PayPass (MasterCard) are contactless payments and accepted at most shops in Australia. Contactless payment allows you to pay for purchases under $100 by tapping your card against the reader. There is no need to sign or enter your PIN.


Your Personal Identification Number (PIN) is a four to six-digit number used as a security code to access your bank accounts when you use phone banking, ATMs or EFTPOS.

Savings account

A day-to-day bank account which gives easy access to your money.

Student Stories

Hear from international students about living and studying in Adelaide.

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