Purpose– The purpose of this paper is to explore the financial habits and experience of culturally and linguistically diverse (CALD) migrants via a case study of first and second wave migrants from the Vietnamese community in Australia.Design/methodology/approach– This paper utilises a qualitative approach through semi-structured interviews. A thematic analysis was adopted when coding the interview data which led to the emergence of identified themes related to financial habits and experience.Findings– The findings reveal that first and second wave migrants shared similar views on seeking professional financial advice, but not on the use of community-based financial schemes. When asked about the potential benefits of attending financial education workshops to inform themselves of financial services, most were unwilling to attend.Research limitations/implications– Although the research targets first and second wave Vietnamese CALD migrants, no claims can be made regarding the representation of CALD migrants as a whole. The research has implications with respect to the perceived necessity of CALD migrants to utilise mainstream financial services. This paper provides recommendations for future research in this area.Originality/value– The paper provides one of the few studies of an Australian CALD migrant cohort with respect to financial habits. The paper also provides an understanding of the cultural barriers and challenges facing this specific cohort of the Vietnamese community in Australia with respect to potentially accessing financial services.