List of banks in Australia
This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)
The following is the list of banks in Australia, as well as restricted ADIs, credit unions, friendly societies and subsidiaries and branches of foreign banks in Australia. Financial institutions in Australia are supervised by the Australian Prudential Regulation Authority (APRA) as authorised deposit-taking institutions (ADI) under the Banking Act 1959 (Cth), as at 2 August 2017.
Australian-owned ADIs (e.g. banks and building societies)
Restricted ADIs (Restricted Authorised Deposit-taking Institutions)
Restricted ADIs are newly licensed ADIs within Australia. Restricted ADIs have the same obligations as full ADIs, but are restricted to only taking a total of $2 million of customer deposits during their restricted period. To protect these deposits, Restricted ADIs are required to hold a minimum of $3 million of prudential capital, as well as a $1 million resolution reserve to resolving any legal matters (or government costs for invoking the Financial Claims Scheme).
Restricted ADIs have a two-year period to transition to being an unrestricted ADI (e.g. a full bank). This two-year period is designed to allow Restricted ADIs to build their systems and test them with a limited number of customers (less than 100). Once ready, the Restricted ADI can apply to APRA for the removal of restrictions, with the ADI then allowed to offer services to the general public.
|Restricted ADIs||Headquarters||Licensing date|
|Alex Bank||Brisbane||7 Jul 2021|
|Avenue Bank||Sydney||7 Sep 2021|
|IN1Bank||Sydney||12 Dec 2019; RADI extension to 12 Dec 2022|
|International Bank of Australia||Sydney||3 Nov 2022|
|Islamic Bank Australia||Sydney||5 July 2022|
|Credit Union||Headquarters||Owned by / Subsidiary of|
|Australian Central Credit Union Ltd (t/a People's Choice Credit Union)||Adelaide, SA|
|Australian Military Bank Ltd||Sydney, NSW|
|B&E Ltd (t/a Bank of us)||Launceston, TAS|
|Bank Australia||Kew, VIC|
|Bank of Heritage Isle||Surry Hills, NSW||Division of Police Bank Ltd|
|Bananacoast Community Credit Union Ltd (t/a bcu)||Coffs Harbour, NSW||Division of Police & Nurses Ltd|
|Bankstown City Unity Bank||Bankstown, NSW||Subsidiary of Unity Bank Ltd|
|Broken Hill Community Credit Union Ltd (t/a BHCCU)||Broken Hill, NSW|
|Cairns Penny Savings & Loans Ltd (t/a Cairns Bank)||Cairns, QLD|
|Catalyst Money||Sydney, NSW||Division of Community Alliance Credit Union Ltd|
|Central Murray Credit Union Ltd||Yarrawonga, VIC|
|Central West Credit Union Ltd||Parkes, NSW|
|Coastline Credit Union Ltd||West Kempsey, NSW|
|Community Alliance Credit Union Ltd||Wollongong, NSW|
|Community CPS Australia Ltd (t/a Beyond Bank Australia)||Adelaide, SA|
|Community First Credit Union Ltd||Sydney, NSW|
|Credit Union Australia Ltd (t/a Great Southern Bank)||Brisbane, QLD|
|Credit Union SA||Adelaide, SA|
|Defence Force Credit Union (t/a Defence Bank)||Melbourne, VIC|
|DNISTER Ukrainian Credit Co-operative Ltd||Essendon, VIC|
|EECU Ltd (Esso Employees' Credit Union) (t/a Nexus Mutual)||Melbourne, VIC||Division of Beyond Bank Australia|
|Family First Credit Union Ltd||Lithgow, NSW|
|Fire Brigades Employees' Credit Union Ltd||Surry Hills, NSW|
|Fire Service Credit Union Ltd||Adelaide, SA|
|Firefighters Mutual Bank||Homebush, NSW||Division of Teachers Mutual Bank Ltd|
|First Choice Credit Union Ltd||Orange, NSW|
|First Option Credit Union Ltd||Melbourne, VIC|
|Ford Co-operative Credit Society Ltd (t/a Geelong Bank)||Geelong, VIC|
|G&C Mutual Bank Ltd||Sydney, NSW|
|Goulburn Murray Credit Union Cooperative Ltd (t/a gmcu)||Shepparton, VIC|
|Greater Bank||Hamilton, NSW|
|Heritage Bank||Toowoomba, QLD|
|Horizon Credit Union Ltd (t/a Horizon Bank)||Wollongong, NSW|
|Hume Bank||Albury, NSW|
|Illawarra Credit Union||Wollongong, NSW||Division of Community Alliance Credit Union Ltd|
|IMB Limited (t/a IMB Bank)||Wollongong, NSW|
|Intech Bank||St Leonards, NSW||Division of Bank Australia Ltd|
|Laboratories Credit Union Ltd (t/a LCU)||North Ryde, NSW|
|Lysaght Credit Union Ltd||Wollongong, NSW|
|Macarthur Credit Union Ltd (t/a The Mac)||Camden, NSW|
|Macquarie Credit Union Ltd||Dubbo, NSW|
|Maitland Mutual Building Society Ltd (t/a The Mutual Bank)||East Maitland, NSW|
|Northern Inland Credit Union Ltd||Tamworth, NSW|
|NOVA Mutual Ltd||Newcastle, NSW||Agent of Bendigo & Adelaide Bank|
|Orange Credit Union Ltd||Orange, NSW|
|Police Financial Services Limited (t/a BankVic)||Melbourne, VIC|
|Police Bank Ltd||Sydney, NSW|
|Police & Nurses Ltd (t/a P&N Bank)||Perth, WA|
|Police Credit Union Ltd||Adelaide, SA|
|QPCU Ltd (t/a QBANK)||Brisbane, QLD|
|Queensland Country Bank Ltd||Brisbane, QLD|
|Railways Credit Union Ltd (t/a MOVE Bank)||Brisbane, QLD|
|Regional Australia Bank||Armidale, NSW|
|Shoalhaven Community Credit Union||Nowra, NSW||Division of Community Alliance Credit Union Ltd|
|South West Slopes Credit Union Ltd||Young, NSW|
|Southern Cross Credit Union Ltd||Kingscliff, NSW|
|South-West Credit Union Co-Operative Ltd||Warrnambool, VIC||Division of Beyond Bank Australia|
|Summerland Credit Union Ltd||Lismore, NSW|
|Teachers Mutual Bank Ltd||Homebush, NSW|
|The Capricornian Ltd||Rockhampton, QLD|
|Traditional Credit Union Ltd||Casuarina, NT|
|Transport Mutual Credit Union Ltd||Surry Hills, NSW|
|UniBank||Homebush, NSW||Division of Teachers Mutual Bank Ltd|
|Unity Bank Ltd||Sydney, NSW|
|Victoria Teachers Ltd (t/a Bank First)||Hawthorn East, VIC|
|Warwick Credit Union Ltd (t/a Warwick Credit Union, Gympie Credit Union, Dalby Credit Union)||Warwick, QLD|
|WAW Credit Union Co-Operative Ltd (t/a BankWAW)||Wodonga, VIC|
|Woolworths Team Bank Ltd||Mulgrave, VIC|
Australian friendly societies
|Australian Friendly Society|
|Australian Scholarships Group Friendly Society|
|Australia Unity (parent of Lifeplan Australia Friendly Society)|
|Foresters Friendly Society|
|Friendly Society Medical Association (t/a National Pharmacies)|
|Maryvale Friendly Society|
|Queensland Irish Association Friendly Society|
|Sureplan Friendly Society|
|Transport Friendly Society|
|Victorian Friendly Societies Pharmacies Association|
Foreign-owned subsidiary banks
Foreign banks wishing to carry on a banking business in Australia must obtain a banking authority under the Banking Act 1959 issued by APRA, either to operate as a wholesale bank through an Australian branch or to conduct business through an Australian-incorporated subsidiary. Foreign banks which do not wish to obtain a banking authority may operate a representative office for liaison purposes, but the activities of that office are restricted.
There are a number of foreign subsidiary banks; however, only a few have a retail banking presence — HSBC Bank Australia, Bank of Sydney and Citibank Australia have a small number of branches. Foreign banks have a more significant presence in the Australian merchant banking sector.
|Arab Bank Australia||Sydney|
|Bank of China (Australia)||Sydney|
|Bank of Sydney, subsidiary of Bank of Beirut||Sydney|
|Citibank Australia, subsidiary of nab||Sydney|
|HSBC Bank Australia||Sydney|
|ING Bank (Australia) a subsidiary of ING Group, Netherlands||Sydney|
|Rabobank Australia (a subsidiary of Rabobank Nederland from October 1994)||Sydney|
Branches of foreign banks
- ABN AMRO Bank N.V.
- Bank of America, National Association
- Bank of Baroda
- Bank of China Limited
- Bank of Communications Co., Ltd.
- Barclays Capital (the trading name of Barclays Bank plc)
- BNP Paribas
- China Construction Bank Corporation
- China Everbright Bank Co. Ltd.
- Credit Suisse
- DBS Bank Limited
- Deutsche Bank AG
- HBOS Treasury Services plc
- HSBC Bank plc
- ING Bank NV
- JPMorgan Chase Bank, National Association
- Mega International Commercial Bank Co., Ltd.
- Mizuho Corporate Bank, Ltd
- National Bank of Greece
- Oversea-Chinese Banking Corporation Limited
- Rabobank Nederland (the trading name of Co-operative Central Raiffeisen-Boerenleenbank B.A.)
- Royal Bank of Canada
- Société Générale
- Standard Chartered Bank
- State Bank of India
- State Street Bank and Trust Company (SSBATC)
- Sumitomo Mitsui Banking Corporation
- The Bank of Tokyo-Mitsubishi UFJ, Ltd
- The Hongkong and Shanghai Banking Corporation Limited
- The Northern Trust Company
- The Royal Bank of Scotland Plc
- Taishin International Bank
- Taiwan Business Bank
- Taiwan Cooperative Bank
- UBS AG
- Union Bank of India
- United Overseas Bank Limited
- Woori Bank
- ^ APRA finalises new Restricted Authorised Deposit-taking Institution licensing framework
- ^ APRA, "List of Authorised Deposit-taking Institutions", as at 2 August 2017
- ^ "86 400 to combine with UBank to accelerate growth" (PDF). 86 400. 29 January 2021. Retrieved 4 July 2021.
- ^ "Home". australianmilitarybank.com.au.
- ^ "About us | Australian Mutual Bank". australianmutual.bank. Retrieved 30 November 2021.
- ^ "Home". asl.com.au.
- ^ "Home". www.bankchallenger.com.au/.
- ^ "Home". delphibank.com.au.
- ^ "Home". qbank.com.au.
- ^ "RACQ Bank – Personal Banking, Loans, Accounts - RACQ".
- ^ "Our history".
- ^ "Digital bank up turns, well, up".
- ^ "Reforms for cooperatives, mutuals and member-owned firms". treasury.com.au. Retrieved 13 January 2023.
- ^ "foreignbanks.ch".
- Australia's Banking History, ABC
- History of Banks, Australian Banking Association