# List of banks in Australia

The following is the list of banks in Australia, as well as restricted authorised deposit-taking institutions (ADI), 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.

## Central bank

The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the Reserve Bank Act 1959 removed the central banking functions from the Commonwealth Bank. The bank's main policy role is to control inflation levels within a target range of 2–3%, by controlling the unemployment rate according to the 'non-accelerating inflation rate of unemployment' (NAIRU) by controlling the official cash rate.

## Australian-owned ADIs (e.g. banks and building societies)

The following is a list of authorised deposit-taking institutions.
| Bank | Headquarters | Established | Owned by / Subsidiary of | Certified B Corporation | Crypto Friendly |
| Alex Bank | Brisbane | 2018 | | | |
| AMP Bank | Sydney | 1849 | | | |
| ANZ Bank | Melbourne | 1835 | | | |
| Australian Military Bank (previously Australian Defence Credit Union) | Sydney | 1959 | | | |
| Australian Mutual Bank (previously Sydney Credit Union & Endeavour Mutual Bank) | Sydney | 1953 | Customer-Owned | Certified 2022 | |
| Australian Settlements Limited | Sydney | 1993 | | | |
| Australian Unity Bank | Melbourne | 1840 | Subsidiary of Australian Unity Limited | | |
| Auswide Bank (formerly Wide Bay Building Society) | Bundaberg | 1966 | | | |
| Avenue Bank | Sydney | 2021 | | | |
| Bank Australia (previously Members and Education Credit Union & Bankmecu) | Melbourne | 1957 | Customer-Owned | Certified 2020 | |
| 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 | Customer-Owned | Certified 2020 | |
| Bankwest | Perth | 1895 | Subsidiary of the Commonwealth Bank | | |
| Bendigo & Adelaide Bank | Bendigo | 1858 | | | No |
| Beyond Bank Australia | Adelaide | 2008 | Customer-Owned | Certified 2015 | |
| Challenger Bank (previously MyLife MyFinance) | Melbourne | 1971 | Subsidiary of the Heartland Bank | | |
| Commonwealth Bank | Sydney | 1911 | | | |
| Gateway Bank | Sydney | 1955 | Customer-Owned | | |
| G&C Mutual Bank | Sydney | 1959 | Customer-Owned | | |
| Greater Bank | Newcastle | 1945 | Division of Newcastle Greater Mutual Group (NGM Group) | | |
| Heritage Bank | Toowoomba | 1875 | Customer-Owned | | |
| Hume Bank | Albury | 1955 | Customer-Owned | | |
| IMB Bank | Wollongong | 1880 | | | |
| IN1Bank | Sydney | 2019 | | | |
| Macquarie Bank | Sydney | 1969 | | | |
| ME Bank | Melbourne | 1994 | Subsidiary of the Bank of Queensland | | |
| MOVE Bank | Brisbane | 1968 | Customer-Owned | | |
| MyState | Hobart | 2009 | | | |
| National Australia Bank | Melbourne | 1982 | | | |
| Newcastle Permanent Building Society | Newcastle | 1903 | Division of Newcastle Greater Mutual Group (NGM Group) | | |
| P&N Bank | Perth | 1990 | | | |
| Police Bank | Sydney | 1964 | Customer-Owned | | |
| QBank | Brisbane | 1964 | Customer-Owned | | |
| Qudos Bank | Sydney | 1959 | Customer-Owned | | |
| RACQ Bank | Brisbane | 1965 | Owned by Royal Automobile Club of Queensland | | |
| Regional Australia Bank | Armidale | 1969 | | | |
| Rural Bank (previously Elders Rural Bank) | Melbourne | 2000 | Subsidiary of Bendigo & Adelaide Bank | | |
| St George Bank | Sydney | 1992 | Subsidiary of Westpac | | |
| Suncorp Bank | Brisbane | 1902 | Subsidiary of ANZ | | |
| Teachers Mutual Bank | Sydney | 1966 | Customer-Owned | Certified 2022 | |
| Tyro Payments | Sydney | 2003 | | | |
| UBank (previously 86 400) | Melbourne | 2008 | Division of National Australia Bank | | |
| Unity Bank Aust | Sydney | 1970 | Previously Maritime, Mining & Power Credit Union | | |
| Up | Melbourne | 2018 | Subsidiary of Bendigo & Adelaide Bank | | |
| Westpac (previously Bank of New South Wales) | Sydney | 1817 | | | |

## 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.
The following is a list of restricted ADIs.
| Restricted ADIs | Headquarters | Licensing date | Licensing ceased |
| International Bank of Australia | Sydney | 2 November 2022 | 2 November 2024 |
| Islamic Bank Australia | Sydney | 5 July 2022 | 1 March 2024 |

## Credit Unions

| Credit Union | Headquarters | Owned by / Subsidiary of |
| Australian Central Credit Union (t/a People's Choice Credit Union) | Adelaide | |
| Australian Military Bank | Sydney | |
| B&E (t/a Bank of us) | Launceston | |
| Bank Australia | Kew | |
| Bank of Heritage Isle | Surry Hills | Division of Police Bank |
| Bananacoast Community Credit Union (t/a BCU Bank) | Coffs Harbour | Division of Police & Nurses |
| Bankstown City Unity Bank | Bankstown | Subsidiary of Unity Bank |
| Broken Hill Community Credit Union (t/a BHCCU) | Broken Hill | |
| Cairns Bank | Cairns | |
| Catalyst Money | Sydney | Division of Community Alliance Credit Union |
| Central Murray Credit Union | Yarrawonga | |
| Central West Credit Union | Parkes | |
| Coastline Credit Union | West Kempsey | |
| Community Alliance Credit Union | Wollongong | |
| Community CPS Australia (t/a Beyond Bank Australia) | Adelaide | |
| Community First Credit Union (t/a Community First Bank & EasyStreet) | Sydney | |
| Credit Union Australia (t/a Great Southern Bank) | Brisbane | |
| Credit Union SA | Adelaide | |
| Defence Force Credit Union (t/a Defence Bank) | Melbourne | |
| DNISTER Ukrainian Credit Co-operative | Essendon | |
| EECU (Esso Employees' Credit Union) (t/a Nexus Mutual) | Melbourne | Division of Beyond Bank Australia |
| Family First Credit Union | Lithgow | |
| Fire Brigades Employees' Credit Union | Surry Hills | |
| Fire Service Credit Union | Adelaide | |
| Firefighters Mutual Bank | Homebush | Division of Teachers Mutual Bank |
| First Choice Credit Union | Orange | |
| First Option Credit Union | Melbourne | |
| Ford Co-operative Credit Society (t/a Geelong Bank) | Geelong | |
| G&C Mutual Bank | Sydney | |
| Goulburn Murray Credit Union Cooperative (t/a gmcu) | Shepparton | |
| Greater Bank | Hamilton | Division of Newcastle Greater Mutual Group (NGM Group) |
| Health Professionals Bank | Homebush | Division of Teachers Mutual Bank |
| Heritage Bank | Toowoomba | Division of Heritage and People's Choice |
| Horizon Credit Union (t/a Horizon Bank) | Wollongong | |
| Hume Bank | Albury | |
| Illawarra Credit Union | Wollongong | Division of Community Alliance Credit Union |
| IMB Bank) | Wollongong | |
| Intech Bank | St Leonards | Division of Bank Australia |
| Laboratories Credit Union (t/a LCU) | North Ryde | |
| Lysaght Credit Union | Wollongong | |
| Macarthur Credit Union (t/a The Mac) | Camden | |
| Macquarie Credit Union | Dubbo | |
| Maitland Mutual Building Society (t/a The Mutual Bank) | East Maitland | |
| Northern Inland Credit Union | Tamworth | |
| NOVA Mutual | Newcastle | Agent of Bendigo & Adelaide Bank |
| Orange Credit Union | Orange | |
| People's Choice Credit Union | Adelaide | |
| Police Bank | Sydney | |
| P&N Bank | Perth | |
| Police Credit Union | Adelaide | |
| QPCU (t/a QBANK) | Brisbane | |
| Queensland Country Bank | Brisbane | |
| Railways Credit Union (t/a MOVE Bank) | Brisbane | |
| Regional Australia Bank | Armidale | |
| Shoalhaven Community Credit Union | Nowra | Division of Community Alliance Credit Union |
| South West Slopes Credit Union | Young | |
| Southern Cross Credit Union | Kingscliff | |
| South-West Credit Union Co-Operative | Warrnambool | Division of Beyond Bank Australia |
| Summerland Credit Union | Lismore | |
| Teachers Mutual Bank | Homebush | |
| The Capricornian | Rockhampton | |
| Traditional Credit Union | Casuarina | |
| Transport Mutual Credit Union | Surry Hills | |
| UniBank | Homebush | Division of Teachers Mutual Bank |
| Unity Bank | Sydney | |
| Victoria Teachers (t/a Bank First) | Hawthorn East | |
| Warwick Credit Union (t/a Warwick Credit Union, Gympie Credit Union, Dalby Credit Union) | Warwick | |
| WAW Credit Union Co-Operative (t/a BankWAW) | Wodonga | |
| Woolworths Team Bank | Mulgrave | |

## Australian friendly societies

* 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)
* KeyInvest
* 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

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.
| Bank | Headquarters | Crypto Friendly |
| Arab Bank Australia | Sydney | |
| Bank of China (Australia) | Sydney | |
| Bank of Sydney, subsidiary of Bank of Beirut | Sydney | |
| Citibank Australia, subsidiary of National Australia Bank | Sydney | |
| HSBC Bank Australia | Sydney | No |
| ING Bank (Australia) a subsidiary of ING Group, Netherlands | Sydney | |
| Rabobank Australia (a subsidiary of Rabobank Nederland from October 1994) | Sydney | |
| Industrial and Commercial Bank of China (ICBC) | Sydney | |

## Branches of foreign banks

* ABN AMRO
* Bank of America
* Bank of Baroda
* Bank of China
* Bank of Communications
* Barclays Capital (the trading name of Barclays)
* BNP Paribas
* China Construction Bank Corporation
* China Everbright Bank
* Credit Suisse
* DBS Bank
* Deutsche Bank
* HBOS Treasury Services
* HSBC
* ING Bank
* JPMorgan Chase
* Mega International Commercial Bank
* Mizuho Corporate Bank
* MUFG Bank
* National Bank of Greece
* Northern Trust
* Oversea-Chinese Banking Corporation
* Rabobank
* Royal Bank of Canada
* Société Générale
* Standard Chartered Bank
* State Bank of India
* State Street Bank & Trust Company
* Sumitomo Mitsui Banking Corporation
* Royal Bank of Scotland
* Taishin International Bank
* Taiwan Business Bank
* Taiwan Cooperative Bank
* UBS
* Union Bank of India
* United Overseas Bank
* Woori Bank