Foreign Exchange Resources
Determining how to send wire transfers, purchase foreign currencies, and understanding what causes exchange rates to fluctuate can be overwhelming. With so much information out there, how do you know where to begin? The NorthStar Currency Resource Center was designed with you in mind. The articles below are designed to give you a greater understanding of currency markets and FX solutions.
Foreign Exchange is a volatile business... which is why we are here to help you navigate it.
We have the tools. What do you want to do?
Opening A Bank Account in Australia
If you are going to be studying in Australia, you will need an Australian Bank Account!
Do it the easy way: open a bank account before you leave home and get the following benefits:
- Avoid the hassle of opening a bank account in Australia. Do the boring stuff at home before you leave!
- Transfer your funds into your Australian bank account before you leave home.
This way your funds will be available for use in your Australian bank account when you arrive! You won't have to waste time opening an account, transferring funds, waiting for them to clear...all the while saving on transaction costs by not using your Canadian bank card!
- You will not have to deal with carrying large amounts of cash or travellers cheques when you go to Australia. If you transfer your money before you leave home, your cash will be waiting safely for you in your Australian bank account.
Opening a bank account in Australia is quite easy and most accounts are not subject to any service fees. Many banks allow international students the option of opening the bank account prior to arrival in Australia. Below are links to 3 of Australia's major banks international student account application forms:
Please contact the bank directly with any questions regarding opening a bank account in Australia.
Currency Converter - Get Up To The Minute Rates
Foreign Exchange 101 - Helping You Understand The Currency Market
We know it is tough to determine the best way to make international currency payments, navigating the foreign exchange market and deciphering all the terms can be pretty overwhelming - so we created a comprehensive guide to foreign exchange basics with you in mind.