Complete Guide to Australia's Visa-Free Travel: Countries, Requirements & Policies (2025)
Discover Australia's visa-free travel policies: we cover the eligible countries and requirements in our guide to hassle-free travel to Australia.
Australia is a highly desirable destination, attracting visitors and new residents alike with its stunning natural landscapes, vibrant cities, and relaxed lifestyle.
Whether you're visiting Australia for a holiday or planning a permanent move, you'll need Australian dollars (AUD). This guide provides an overview of the Australian currency and banking system, explaining how to access and manage your money while in "Oz." We'll also introduce how Wise can help save you money on your currency exchange.
The official currency of Australia is the Australian Dollar (AUD). It's also used in several independent Pacific Island nations, such as Kiribati, Nauru, and Tuvalu.
Dollar Symbols | AUD, A$ (The A$ is used to differentiate from other dollar-based currencies) |
---|---|
1 AUD | Each dollar is divided into 100 cents. |
AUD Coins | Coins are available in denominations of 5, 10, 20, and 50 cents, as well as 1 and 2 dollar coins. Note that many vending machines may not accept the 5-cent coin due to its low value. |
AUD Banknotes | Banknotes are issued in denominations of 5, 10, 20, 50, and 100 dollars. They are brightly colored and increase in length with their value. |
Australia was a pioneer in currency technology, being the first country to switch from paper banknotes to polymer (plastic) notes. These polymer notes are more durable, secure against counterfeiting, and waterproof. However, new notes can sometimes stick together, so be careful when counting them.
The Australian dollar is a major global currency and is readily available for exchange worldwide. Whether you exchange your money before you leave or after you arrive in Australia, the exchange rates shouldn't fluctuate dramatically.
Many travelers prefer to minimize the amount of cash they carry for security reasons. If you choose this approach, you can rely on credit/debit cards and ATM withdrawals upon arrival.
If you need Australian dollars immediately upon arrival, it's best to exchange only a small amount at the airport. Airport and hotel exchange rates are typically unfavorable. For a better deal, use an ATM to withdraw AUD directly, or wait until you can reach a currency exchange provider in a more competitive area (like a city center).
Before exchanging any money, understand the mid-market rate (also called the interbank rate). This is the "real" exchange rate – the one you see on Google – and it's the benchmark against which you should compare any offered rates. A convenient way to keep track of the mid-market rate is by using an online currency converter, like Wise's currency converter.
Be wary of hidden fees. Even exchange services that advertise "Zero Commission" often make their profit by offering a less favorable exchange rate. Always compare the offered rate to the mid-market rate to determine the true cost of the exchange.
If you're exchanging cash, ensure your banknotes are clean, undamaged, and in good condition. Exchange bureaus are often reluctant to accept damaged or heavily worn notes.
Traveller's Checks are largely obsolete and are rarely accepted by Australian businesses. You would need to cash them at a bank, which often involves high fees and inconvenient banking hours. For most travelers, using ATMs and debit/credit cards is a far more practical and cost-effective option.
Major credit and debit cards (Visa, Mastercard, American Express) are widely accepted throughout Australia, particularly in urban areas and tourist destinations. However, it's always wise to carry some cash for smaller businesses, markets, or situations where cards might not be accepted. Use the ATM locators below to find nearby ATMs if you need to withdraw cash.
Inform your bank of your travel dates before you leave. This will help prevent your card from being blocked due to suspected fraudulent activity.
Always decline Dynamic Currency Conversion (DCC). When using your card, you might be asked if you want to be charged in your home currency. This is DCC, and it allows the merchant's bank to set the exchange rate, which is almost always worse than your own bank's rate. Always choose to be charged in the local currency (AUD).
ATMs are plentiful in Australia, found in banks, shopping centers, convenience stores, and even pubs and restaurants. Use these locator tools to find nearby ATMs:
Withdrawing cash from ATMs is often the most convenient way to access your money in Australia. Check with your home bank about their fees for international withdrawals and foreign transactions. Some banks have partnerships with Australian banks or belong to global ATM networks that may offer reduced or waived fees.
Again, always decline Dynamic Currency Conversion (DCC) at ATMs. You'll be offered the choice to be charged in your home currency or the local currency (AUD). Always choose to be charged in AUD to get the best exchange rate from your bank.
Australia has a well-developed banking system, with a mix of domestic and international banks. Many Australian banks are part of global networks, which can be advantageous if your home bank is a member. For example, Westpac has partnerships with banks like Barclays and Bank of America, potentially offering fee-free ATM withdrawals.
Before your trip, research whether your home bank has any partnerships with Australian banks to minimize ATM fees.
Australia's retail banking sector is dominated by the "Big Four" banks:
While traditional methods like ATMs and exchange bureaus are available, they can come with hidden fees and unfavorable exchange rates. For a transparent and cost-effective way to manage your money in Australia, consider Wise.
Here's why Wise is a great option:
Using Wise can help you save money on currency exchange and international money transfers, making your Australian adventure more affordable.
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
Discover Australia's visa-free travel policies: we cover the eligible countries and requirements in our guide to hassle-free travel to Australia.
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