On this page you’ll find an updated list of all the banks, credit unions and building societies that operate in Australia.
The list above includes different types of Australian banks, but they all serve the same broad function of holding customer deposits, and access to money (savings and credit) via loans, debit cards and credit cards.
Banks provide a wide range of financial products and services to Australian customers, including transaction and savings accounts, home loans, personal loans and credit cards.
In Australia most people bank with one of the Big Four:
But there are so many other banks in Australia. This includes a second or mid-tier of major banks below the Big Four. There are also many smaller banks, some of them entirely digital. These banks are often owned by a larger bank.
A foreign subsidiary bank is a subsidiary of a foreign-owned bank that is incorporated in Australia. These institutions must hold capital locally and must also meet the same prudential standards and undergo the same supervision as Australian-owned banks.
A building society is a mutual organisation that is owned by its members and offers a wide range of financial products and services. These organisations tend to be located in rural and regional Australia and they offer deposit accounts, loans and payment services.
Like building societies, credit unions are also owned by their members. Rather than being run to provide profits for shareholders, credit unions are run to benefit members. Credit unions operate right across Australia and offer a wide range of banking and financial products and services.
While all banks serve the same basic function there are a few ways to decide what kind of bank you're looking for:
Click on the product or service you're interested in below to view our comparison tables.
When you choose a transaction account that has modernised features, you are keeping your money secure yet still in the palm of your hand.
When you choose a transaction account that has modernised features, you are keeping your money secure yet still in the palm of your hand.
PayID allows you to transfer money in real-time without entering your recipients BSB and account number. Read this guide to learn about the benefits of PayID and how to set it up.
Does your bank offer real-time payments using Osko and PayID? Find out below.
This handy step-by-step guide explains how to transfer money from one Australian bank account to another as quickly as possible.
Want to open a trust account to provide for your child or grandchild’s financial future? Here’s what you need to know.
What happens to a bank account after someone in Australia dies depends on what their will states. If the person didn't have a will, the money will often go to the next of kin. Here's how it works.
Debit card declined? Here are 9 of the most common reasons for your debit card declining and how to fix it.
Now is the best time to start looking at the new bank account offers and promotions available. There is fierce competition between banks for your business so you should take advantage of this opportunity and get yourself a deal.
When used wisely, a debit card provides you with great flexibility when it comes to handling your everyday financial needs.