QUOTE(LuviT @ Feb 10 2010, 09:34 PM)
hi..wanna ask again..still about money..hehe
my sponsor asks me to open an account at Commonwealth Bank
i've just browsed through its website and i'm so confused
i don't know which type of personal account will be the most appropriate for an international student
for those who use Commonwealth Bank, do enlighten me please...thanks in advance

Get a streamline access account and a netbank saver account. streamline access is your everyday account and netbank saver is a high interest rate savings account.
Most of your cash are stored in the netbank saver account which the cash is only accessible via the internet. You can transfer the amount of cash you require to your streamline access account for daily usage. This is so that you can earn good interest rates from commonwealth bank though there are some other institutions other than commbank provide better rates but lets just stick to commbank for now
Things that you will need to bring if you are unsure are
1. Passport
2. Proof of residential address in australia - i think they do accept non perm address as well and u can change at a later date
3. COE/ student ID card from Uni (so that you can waive the monthly account fees)
If you want but not required to but handy is
Apply for a Tax File Number (TFN). This is useful because any interest you earn will be taxed. By providing the bank your TFN, they won't tax you up front on any interest earned from your savings account
hope this helps
cheers