This guide covers everything international students on a student visa 500 in Australia need to know about managing money.
Financial Guide for Student Visa 500 Holders in Australia
This guide covers everything international students on a student visa 500 in Australia need to know about managing money.
Banking for Student Visa 500 Holders
Opening a local bank account in Australia is your first financial priority after arrival.
Top options:
- Wise: Open before arrival, no branch visit needed
- Local bank: Visit within first week with passport, visa, enrollment letter
Money Transfers to Australia
Transfer money internationally with real mid-market rates and low fees. Trusted by 16M+ customers.
Send Money with Wise →
Use Wise for the cheapest transfers — mid-market rate with fees of ~0.5-1%.
Working Rights on Student Visa 500
Most student visas in Australia allow 20 hours/week part-time work during term, full-time during breaks. Verify current rules with your university international office.
Taxes in Australia
Tax rules vary by country and residency status. Consult your university international office or a local tax advisor for specific guidance.
Cost of Living Overview
Budget carefully for:
- Accommodation: AUD 700–1,500/month
- Food: AUD 300–500/month
- Transport: AUD 50–150/month
- Health insurance: AUD 50–250/month
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