Before you leave home, it is a good idea to put together a budget for your time at Macquarie. This will help you determine how much money you need to bring with you, where you can afford to live, what you can buy and if you would like to apply for permission to work during your study. You will need to take into consideration the expenses below:
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Refunds and withdrawing from study
As an international student at Macquarie University, you are required to pay international student fees for your program of study. The amount to be paid is dependent upon your program of study and your enrolment load. The tuition fee is calculated and charged on a semester basis. To check what fee is applicable for your program, please visit our online course database.
Opening a Bank Account
It is recommended that you open a bank account as soon as possible after arriving in Sydney. Always make sure you understand the conditions of any account. Remember to ask about any special ‘Student Accounts’ the bank may be offering. Banks in Australia provide savings and cheque accounts, plus a range of other financial services including personal loans, bank drafts and transfer of funds.
To open an account, you need to meet the 100 points identification requirement. Some documents you can present to gain the 100 points requirement include:
Most students open an account that has access to an Automated Teller Machine (ATM) via a card. Cash is accessible 24 hours a day, seven days a week.
There are three Automated Teller Machines (ATMs) on-campus that allow you to withdraw cash from nearly any local bank using your card. In addition, the National Australia Bank has its own branch on-campus. The ANZ Bank, Commonwealth Bank, St George Bank and Westpac Bank can be found at the Macquarie Shopping Centre located across the road from Macquarie University. Most bank branches are open Monday to Friday from 9am to 4pm.
Macquarie Centre Bank Services information
Transferring Funds from Home
Money can be sent from your home country to Australia by bank drafts or cheques. Credit cards are also a convenient way of transferring funds. Check on the interest rates that will be charged. Bank drafts or cheques from overseas take a few days to arrive and can take up to 10 working days to clear through an Australian bank.