List of banks in Australia

From Wikipedia, the free encyclopedia

The Oriental Bank, one of Australia's earliest bank buildings, located in Melbourne, circa 1870s. The bank went out of business in around 1884 and was demolished shortly afterwards.

The following is the list of banks in Australia, as well as restricted ADIs,[1] 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.[2]

Central bank[edit]

Australian-owned ADIs (e.g. banks and building societies)[edit]

Bank Headquarters Established Owned by / Subsidiary of
UBank (previously 86400) Sydney 2019 Subsidiary of UBank a division of National Australia Bank[3]
AMP Bank Sydney 1849
Australia & New Zealand Banking Group (ANZ) Melbourne 1835
Australian Military Bank (previously Australian Defence Credit Union)[4] Sydney 1959
Australian Mutual Bank (previously Sydney Credit Union & Endeavour Mutual Bank)[5] Sydney 1953
Australian Settlements Limited (ASL)[6] Sydney 1993
Australian Unity Bank Ltd Melbourne 2012
Auswide Bank formerly Wide Bay Building Society Bundaberg 1966
Bank Australia (previously Members and Education Credit Union & Bankmecu) Melbourne 1957
BankFirst Melbourne 1972
Bank of Melbourne Melbourne 2011 Subsidiary of Westpac
Bank of Queensland Brisbane 1863
BankSA Adelaide 1848 Subsidiary of Westpac
BankVic Melbourne 1974
Bankwest Perth 1895 Subsidiary of the Commonwealth Bank
Bendigo & Adelaide Bank Bendigo 1858
Beyond Bank Australia Adelaide 2008
Challenger Bank (prev MyLife MyFinance)[7] Melbourne 2022
Clean Energy Finance Corporation Sydney 2012 Owned by the Australian Government
Commonwealth Bank Sydney 1911
Delphi Bank (previously Bank of Cyprus Australia)[8] Melbourne 2000 Division of Bendigo & Adelaide Bank
Gateway Bank Sydney 1955
G&C Mutual Bank Sydney 1959
Greater Bank Newcastle 1945
Heritage Bank Toowoomba 1875
Hume Bank Albury 1955
IMB Bank Wollongong 1880
Macquarie Bank Sydney 1969
ME Bank Melbourne 1994 Subsidiary of the Bank of Queensland
MyState Bank Hobart 2009
National Australia Bank Melbourne 1982
Newcastle Permanent Building Society Newcastle 1903
P&N Bank Perth 1990
Police Bank Sydney 1964
QBank[9] Brisbane 1964
Qudos Bank Sydney 1959
RACQ Bank[10] Brisbane 1965 Owned by Royal Automobile Club of Queensland
Regional Australia Bank Armidale 1969
Rural Bank (previously Elders Rural Bank)[11] Melbourne 2000 Subsidiary of Bendigo & Adelaide Bank
St George Bank Sydney 1992 Subsidiary of Westpac
Suncorp Bank Brisbane 1902
Teachers Mutual Bank Sydney 1966
Tyro Payments Sydney 2003
UBank Melbourne 2008 Division of National Australia Bank
Unity Bank Sydney 1970
Up[12] Melbourne 2018 Subsidiary of Bendigo & Adelaide Bank
Westpac (previously Bank of New South Wales) Sydney 1817

Restricted ADIs (Restricted Authorised Deposit-taking Institutions)[edit]

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 Unions[edit]

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)[13] 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[edit]

Friendly society
Austock Life
Australian Friendly Society
Australian Scholarships Group Friendly Society
Australia Unity (parent of Lifeplan Australia Friendly Society)
Centuria Life
Foresters Friendly Society
Friendly Society Medical Association (t/a National Pharmacies)
NobleOak Life
Maryvale Friendly Society
Queensland Irish Association Friendly Society
Sureplan Friendly Society
Transport Friendly Society
Victorian Friendly Societies Pharmacies Association

Foreign-owned subsidiary banks[edit]

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.[14]

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.

Bank Headquarters
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[edit]

See also[edit]


  1. ^ APRA finalises new Restricted Authorised Deposit-taking Institution licensing framework
  2. ^ APRA, "List of Authorised Deposit-taking Institutions", as at 2 August 2017
  3. ^ "86 400 to combine with UBank to accelerate growth" (PDF). 86 400. 29 January 2021. Retrieved 4 July 2021.
  4. ^ "Home".
  5. ^ "About us | Australian Mutual Bank". Retrieved 30 November 2021.
  6. ^ "Home".
  7. ^ "Home".
  8. ^ "Home".
  9. ^ "Home".
  10. ^ "RACQ Bank – Personal Banking, Loans, Accounts - RACQ".
  11. ^ "Our history".
  12. ^ "Digital bank up turns, well, up".
  13. ^ "Reforms for cooperatives, mutuals and member-owned firms". Retrieved 13 January 2023.
  14. ^ "".

External links[edit]