Australia (AU)
Australia is the world's sixth-largest country by area and one of the most urbanised nations on Earth, with over 85% of its 27 million people living in coastal cities.
Currency & Money
Practical money tips for living in Australia.
Denominations
Coins: 5c, 10c, 20c, 50c, $1, $2. Notes: $5, $10, $20, $50, $100. Australia was the first country to issue polymer (plastic) banknotes — virtually indestructible and difficult to counterfeit.
Payment Culture
Australia is increasingly cashless — tap-and-go (contactless card payment) is near-universal, including on public transport, cafés, and markets. Most Australians carry minimal cash. Apple Pay and Google Pay are widely accepted. EFTPOS (the national card network) is used in virtually every retail establishment.
ATM Tips
Use bank ATMs (Commonwealth Bank, Westpac, ANZ, NAB) to avoid third-party fees. Foreign cards typically incur a $2–$5 ATM fee. 7-Eleven ATMs charge fees; bank branch ATMs are free for card holders. Wise and Revolut cards work well and minimise conversion fees.
Exchange Tips
Avoid airport and hotel exchange booths. Use Wise, Revolut, or a bank transfer for international money. The AUD can be volatile against USD and GBP — consider timing large transfers. Travelex and post office currency exchange booths in city centres are cheaper than airports.
Pro tip: Best apps for expats
- • Wise — Send money internationally at near-interbank rates
- • Revolut — Multi-currency account, free ATM withdrawals (limits apply)
- • N26 — German IBAN, free account, good for EU residents