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Commonwealth Bank eyes Indonesian students in Australia
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Australia is said to be one of the three most popular destinations for Indonesian students planning to study abroad. (Shutterstock/File)
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T Bank Commonwealth, a subsidiary of Commonwealth Bank of Australia, launched a new program on Thursday to make life easier for Indonesians looking to study in Australia.
The AusStudent Study Package allows students to open an account with Commonwealth Bank of Australia before they leave for Australia, which means they would not need to carry huge amounts of cash or checks to cover their living costs. It also cooperates with SUN Education Group to offer other benefits, such as free education consulting, IELTS English proficiency tests and medical check-ups.
"Together with their parents, many prospective students who are preparing to study overseas, including in Australia, face a lot of hurdles. With this package, access to financial transactions between the parents in Indonesia and the children in Australia will be more accessible and easier," said Commonwealth Bank retail banking director Rustini Dewi.
(Read also: Indonesian students head abroad due to complicated state university enrollment)
The package is available in two options: Premium and Platinum. The former requires customers to deposit Rp 1 billion (US$74,889) in funds and the latter Rp 1.5 billion.
Australia is said to be one of the three most popular destinations for Indonesian students planning to study abroad. Throughout 2015, more than 19,300 Indonesians enrolled at Australian universities, colleges and schools, marking a 7.9 percent increase over the previous year. In 2016, 95 percent of visa applications from Indonesian students were reportedly approved and issued by the Australian Embassy. (nik/kes)
