Curency name: Australian dollar. Denominations: 100, 50, 20, 10, 5, 1, 2, 0.50, 0.20 and 0.05. The banknotes are made of plastic.
Beside the local banks, you can find in the Capital Cities of Australia
many foreign banks as well. Before you travel to Australia
make sure that your bank is doing retail banking in Australia
or what arrangements are in place for its customers.
Banking hours are in general 9:30am - 4.00pm Monday to Friday and they are closed during the weekend and public holiday. If you can avoid over the counter transactions is best. The Australian banks are into making a profit and not in serving you. As a result you can expect queues, they do not have the denominations you ask for, they don't offer services in remote areas and so on.
Avoid cash as much as possible. Traveller's cheques issued by Thomas Cook or American Express are usually accepted by the major stores. You need your passport for identification.
Tip: in general the banks will have lower fees for exchanging the cheques to cash.
For convenience try also your hotel.
The credit cards are largely accepted in Australia
if are: Master Card, Visa, Diners Club and American Express. Keep in mind, that are stores not accepting credit cards at all and stores that can ask you for a minimum purchase of 10 to 20 dollars to accept the credit card payment. Credit cards are my preferred option here and overseas.
Exchange Offices or Bureaux de Change can be easily found in large cities. Usually are opened Monday to Saturday 9am-5pm. Convenient but expensive. See our Exchange Rates