Australia continues to build a reputation as a diverse country where people from various different cultures live side by side.
This is increasingly apparent in the education sector, as the nation's universities are keen to offer opportunities to foreign students.
Indeed, a growing number of clever Chinese youngsters will be reviewing their student banking options in the coming years thanks to a new approach adopted by the University of Sydney.
Speaking to China Daily, professor and acting dean at the institution Tyrone Carlin said the university was relaxing admission requirements for Chinese students, who can now secure a place on a course as long as they achieve a Tier-1 grade in the China National College Entrance Examination and have a good grasp of the English language.
A recent global study showed that Sydney is one of the most expensive places to live on the planet, so people who are planning to move to the city will be wise to ensure they have a student bank account that has a decent, low interest overdraft package.
This will give academics an extra buffer to ensure they don't fall on hard times as they study.
Have a question about student banking? Ask the money gurus at Mozo Answers.