One of the first things that I did before leaving for Australia to study medicine was to open up a checking account with Scotiabank here in Canada.  Scotiabank is a part of the Global ATM Alliance along with Westpac Bank in Australia, Bank of America, Barclays Woolwich in the UK, and Deutsche Bank.  As an overseas medical student I’ve been saving so much money on ATM fees.  I can basically use my Scotiabank debit card at any Westpac bank without paying any fees.  My Canadian money is converted automatically to Australian dollar. It’s fast, easy, and convenient.