Australia has a decimal system with 100 cents to the dollar ($AUD). Coins have values of 5, 10, 20 and 50 cents, $1 and $2 dollars. Notes have values of $5, $10, $20, $50, and $100 AUD.
Banks and foreign exchange
Usual banking hours are Monday to Thursday 9am–4pm, Friday 9am–5pm. Major banks ANZ, Commonwealth, NAB and Westpac have offices in Melbourne and in many towns in regional Victoria. In smaller centres, you may withdraw money at a post office or newsagent.
Major city branches can exchange foreign currency. Foreign currency exchange bureaus are also available at the airport and in Melbourne's central business district. ATMs (automatic teller machines) are widely available in the city and regional areas. Bitcoin ATMs are less common in Melbourne, but travellers can check with concierge at major department stores and hotels for locations.
Credit cards and travellers cheques
Major credit cards – Visa, MasterCard, American Express, Bankcard, UnionPay, Diners Club and affiliates – are widely accepted across Victoria. Some retailers in larger centres also accept JCB cards.
Traveller's cheques are not as widely accepted in Australia compared to other countries and it is recommended you use a travel money card or international debit card instead. American Express Travellers Cheques can be exchanged at a limited number of foreign exchange bureaus in Melbourne and regional Victoria. Larger hotels and some car rental agents may also accept traveller's cheques, but it is highly advised you check ahead for updated information. Passport ID is required when cashing travellers cheques. Service fees vary.
Tipping is not customary in Australia and is at your discretion.
Goods and Services Tax (GST)
Australia has a Goods and Services Tax (GST) of 10 per cent on most goods and services such as accommodation, day tours, guides, translators, food, transport (coach, rail and cruise) and other tourism services. Prices quoted for an Australian holiday will include the 10 per cent GST, payable at the time of ticketing. International airfares are the exception and do not attract GST.