Setting up your finances properly from the start makes everything else easier. Australia's banking system is well-developed and straightforward for newcomers.

You can open an Australian bank account before you arrive. Many banks allow online opening and then in-person identity verification within 3 months of arrival.

• Commonwealth Bank (CommBank) has a specific new arrivals program, easiest for newcomers
• ANZ major bank, good app
• Westpac is good for everyday banking
• NAB (National Australia Bank) is strong for business banking
• ING, Ubank, Macquarie digital banks with competitive rates and no monthly fees

• Wise (formerly TransferWise) mid-market exchange rate, low fees, highly recommended
• OFX is good for larger international transfers
• Bank international transfers convenient but costly, can lose 3 to 4% to poor rates and fees

Your Canadian credit history does not transfer to Australia. You start from zero. This can be frustrating, but it is manageable:

• Start with a basic low-limit credit card to begin building Australian credit history
• Pay it in full every month interest rates on Australian cards run 16 to 22%
• After 6 to 12 months of good history, apply for better products
• Australian credit bureaus: Equifax, Experian, illion you get a free annual report from each.