Home » Know Your Money
 How much will studying in Australia cost?
According to the Department of Immigration and Citizenships (DIACs) estimation, the minimum annual cost of living is about AU$ 18.000 per year and can vary depending on where you study, where you live and the lifestyle you lead. The average living cost for a student is approximately AU$360 per week....  Read more
 Do I need a bank account in Australia?
Yes. Before you go, you should set up an Australian bank account whilst you’re in Vietnam. Setting up a bank account is crucial because you will need a bank account to safely keep your money, pay for tuition, and also for your employers to pay you if you decide to work.  As the Australia’s...  Read more
 How do I access my money in Australia?
It’s best for you to setup a VND account as well as an AUD account for safe and easy banking. VND Account Opening a VND bank account with Commonwealth Bank branch in Vietnam will allow your parents to deposit money into your account, which you can instantly access your money from Australia. With...  Read more
 How can my parents send me money?
If your parents want to transfer money to you while you are in Australia, they can do so simply by depositing or transferring money to your VND Commonwealth Bank account. Once the transaction is processed, you can directly access your money from Australia without any hassles. Moreover,...  Read more
 Are there branches of Vietnam banks in Australia?
There are currently no branches of Vietnamese banks in Australia. However, Commonwealth Bank –the biggest retail bank in Australia - has a branch in Vietnam to make it easier for students who are going to study in Australia to deal with their finances.  As Australia’s leading bank,...  Read more
 Can I get a credit card?
When you’re strapped for cash and need to buy textbooks for the new semester or need to pay for bills, a student credit card can come in handy. A credit card allows you to pay for things in advance when you don’t have cash on you or waiting for your money to be transferred from Vietnam....  Read more
 How can I save money while abroad?
Managing your finance is just as important as managing your studies. Studying overseas means being independent, and with independence comes responsibility in managing your finances. You will have many opportunities to socialise and meet new people, but remember that socialising can strain your finance.Make...  Read more
 Can I take out a Loan?
Yes. Commonwealth Bank in Vietnam recognises the importance of education and provides education loans to help you finance both local and overseas education. If eligibile you can get a student loan for up to 60 months once you have proven your need for a loan and have qualified. Eligilbility...  Read more
 
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