I didn’t mention this step first on purpose. This is because you’re still able to use your international credit card, and pay for everything you need. But this should still be a priority anyway, because your bank will charge you $3 per withdrawal. And it can quickly cost you a lot.
As with the phone operators, we have the same question : which one to choose ? This time, there is not really a correct answer, except that most backpackers choose Westpac. The administration is particulary easy in Australia, you just have to go to the closest branch of your choice, and ask for a new account. 20 minutes later everything’s done, and you just have to wait to receive your new credit card.
Some banks in Australia have partnerships with banks in other countries. Check if your bank has any partnership, it could save you bank fees. A partnership exist between BNP and Westpac. This allows you to draw money whitout paying any fees.
Also, international money transfers can be very expensive. That’s why I advise you to use TransferWise, this application is fully secured and very simple to use. Most of the travellers are using it, and it’s much cheaper than a normal transfer. I’ve given you the link on the image below.