Top 20 Banks In Australia

Australia’s banking industry (Australia banks) is one of the most stable and highly regulated in the world, built on a foundation of trust, innovation, and strong consumer protection. From the globally recognized “ Big Four ” banks to fast-growing digital challengers, Australia offers a wide mix of banking choices for individuals, businesses, investors, migrants, and international corporations.

Whether you are opening your first account, planning to invest, applying for a loan, sending money abroad, or managing business finances, choosing the right bank matters. Each bank offers different strengths: some excel in savings rates, others in digital banking, customer service, international transactions, low-fee accounts, or competitive mortgages.

This article explores the Top 20 Banks in Australia, providing a clear overview of who they are, what they offer, and why they stand out. You’ll learn about their services, specialties, credit card Australia. best savings account Australia, online banks Australia, digital features, and how they fit into the broader Australian financial landscape.

The Top 20 Banks In Australia

1. Commonwealth Bank of Australia (CBA)

Commonwealth Bank often known as CommBank and top banks in Australia It is Australia’s largest bank and one of the most influential financial institutions in the Southern Hemisphere. They provide a good term deposits rates Australia, and It offers:

• Retail banking,
• Business banking,
• Institutional banking,
• Wealth management,
• Insurance,
• investment products.

Commonwealth Bank is known for its excellent mobile banking app, wide ATM network, and strong financial security systems. Its tech-driven solutions such as AI budgeting tools and contactless banking make it the preferred choice for millions of Australians.

Head office address: Commonwealth Bank Place, 11 Harbour Street (Commonwealth Bank Place / corporate addresses in Sydney CBD).

2. Westpac Banking Corporation

Westpac Banking Corporation is known as Westpac, is Australia’s oldest bank and a pioneer in financial innovation. It offers:

• Personal banking,
• Business solutions,
• Wealth management,
• Credit cards,
• Foreign currency services,
• Global remittance solutions.

Westpac is also known for its strong support of small and medium enterprises and extensive international banking partnerships. Offers credit card Australia. The bank maintains one of the country's broadest customer-support networks.

Head office: Level 18 / 275 Kent Street, Sydney NSW 2000.

3. National Australia Bank (NAB)

National Australia Bank (NAB) is a leading bank with deep roots in retail, business, commercial, and agribusiness banking. It is known for competitive home loan rates, business lending solutions, digital account opening, and strong customer service support. They offers best savings account rates Australia, and  fixed term deposits Australia.

NAB also operates one of the largest networks of rural and regional banking services, supporting farmers and agricultural enterprises across Australia.

• Transaction/current account
• Savings account
• Term deposits,
• Business accounts,
• Youth/student options account   

Head office: NAB House / major corporate centres in Melbourne and Sydney

4. Australia and New Zealand Banking Group (ANZ)

Australia and New Zealand Banking Group  is one of best bank in Australia and the most globally connected Australian banks, with branches across the Asia-Pacific region. It specializes in

• International banking,
• Trade finance,
• Wealth management,
• Personal banking.

ANZ is widely recognized for strong risk management and a highly secure digital banking system. They offer online bank account Australia.

Head office: ANZ Centre Melbourne — Level 9, 833 Collins Street, Docklands, VIC 3008 (ANZ Tower addresses also in Sydney).

5. Macquarie Bank

Macquarie Bank is Australia’s leading investment and financial advisory bank. While offering personal banking (savings, home loans, credit cards), Macquarie is best known for wealth management, asset finance, corporate advisory, and global investment banking. They offers business bank account Australia for Australian citizens.

Its savings accounts and term deposits are competitive, and its digital banking interface is clean, modern, and easy to use.

Head office: Macquarie Bank Group offices in Sydney (Macquarie Tower / corporate campus references on corporate site). Macquarie also publishes term deposit and savings rates online.

6. ING Australia

ING Australia is one of Australia’s most popular online-only banks. It offers high-interest savings accounts, low-fee everyday accounts, simple home loan packages, and competitive international transfer options.

Its “Save and Earn” approach and zero monthly account fees make it a Favorite among young professionals and frequent savers.

High-interest online savings, transaction accounts, term deposits, mortgage products (through ING).

Best interest-rate snapshot: ING’s term deposit and savings rates are often among market leaders for short-term fixed deposits (example: ING Term Deposit ~4.2% for 12 months in late 2025 on aggregator listings).

Head office: ING Australia offices in Sydney (address on ING contact pages). ING is a large online challenger.

7. Bendigo and Adelaide Bank

Bendigo and Adelaide Bank This bank is known for strong community banking values and excellent customer service. Bendigo Bank supports local communities through partnerships and grants while offering everyday banking, savings, loans, and business services. They are known for the best business bank accounts Australia.

It also operates community-owned banking branches across regional Australia.

Head office: Bendigo’s corporate centre in Bendigo / Adelaide (Group headquarters and contact pages list specific addresses).

8. Bank of Queensland (BOQ)

Bank of Queensland (BOQ)  is a customer-focused bank with a strong presence in Queensland and growing influence nationwide. One of the top  bank that offers best savings account interest rates Australia. It offers:

• Everyday banking,
• Savings accounts,
• Term deposits,
• Business banking
• home loans.

Bank of Queensland (BOQ) is well regarded for personalized service and local-branch relationships.

Head office: Brisbane-based head office (BOQ corporate pages list address).

9. Suncorp Bank

Suncorp Bank combines banking, insurance, and financial services under one umbrella. It is known for competitive home loans, attractive savings products, and multi-product bundles. Suncorp’s strength lies in its hybrid model, offering both banking and insurance to consumers. One of the best  banks in Australia that allow overdraft Australia.

Head office: Brisbane corporate offices (Suncorp corporate contact pages).

10. Bankwest

Bankwest A division of the Commonwealth Bank, Bankwest is known for flexible

• home loans,
• easy savings accounts,
• business banking solutions.

Its online platform is user-friendly, making it popular among digital-first customers.

11. HSBC Australia

HSBC Australia excels in international banking, expatriate services, foreign currency accounts, and global credit cards. visa debit card Australia .It’s ideal for travelers, migrants, global investors, and international students. One of the top 5 banks in Australia

Its global reach sets it apart from most local banks.

Head office: HSBC Australia maintains Sydney offices for its Australian operations (contact details on HSBC AU site).

12. Citibank Australia

Citibank offers premium financial services, including wealth management, credit cards, global transfers, and investment products.

It is particularly popular for fee-free international ATM withdrawals and worldwide

Accounts: Premium transaction accounts, wealth services, high-net-worth banking, credit cards, savings and term deposit products for selected customers.

Best interest-rate snapshot: Citibank focuses more on credit & wealth products; compare term deposits on Finder.

Head office: Citigroup Australian offices in Sydney (corporate pages with address).

13. Rabobank Australia

Rabobank Australia is the world’s largest agricultural bank and Australia’s leading agribusiness lender. It also offers high-interest savings accounts and term deposits to retail customers. Farmers and rural businesses trust Rabobank for its agriculture specialization. One of  the major banks in Australia

Head office: Rabobank Australia & NZ offices (Brisbane/Sydney contact pages). Strong in agribusiness and specialist retail savings.

14. AMP Bank

AMP Bank is well known for its superannuation, life insurance, and wealth solutions. AMP Bank also offers savings accounts, deposits, and competitive home loans.

It remains a strong choice for customers managing retirement funds or property investments.

Head office: AMP corporate offices (Sydney / Melbourne listings on AMP site).

15. Judo Bank

Judo Bank is a challenger bank built to support Australian small and medium businesses. It provides business loans, equipment finance, line-of-credit solutions, and business term deposits.

Head office: Sydney-based challenger bank (corporate contact pages). Judo specializes in SME/business lending.

Its hands-on approach and dedicated relationship managers make it a rising star.

16. St.George Bank

St.George Bank A division of Westpac, St.George Bank offers reliable personal and business banking services. It is known for excellent home loan packages, low-fee accounts, and broad branch access.

The bank maintains a strong brand presence, especially in New South Wales.

Head office: Sydney metro branches / Westpac Group corporate addresses. (St.George is a Westpac division.)

17. UBank

Formerly UBank and now part of NAB, UBank is a fully digital bank offering high-interest savings, low-fee everyday accounts, and easy-to-access home loans.

It’s especially favored by tech-savvy users who prefer fast mobile banking over in-branch services.

Accounts: UBank Save (high introductory rates), term deposits, online-only savings.

Best interest-rate snapshot: UBank promotions can include strong introductory bonus rates (e.g., early 2025 promotions up to ~5.10% on short-term offers). Check aggregator results.

Head office: Digital brand operated by NAB (NAB corporate addresses apply).

18. ME Bank

Now under the Bank of Queensland group, ME Bank offers simple banking products with low fees and strong digital services. One of the  best bank in Australia

Its savings accounts and home loans are straightforward and designed for everyday Australians.

Head office: Corporate contact pages (ME banking operations). ME offers consumer savings and home loans.

19. Bank of China (Australia)

Bank of China (Australia) provides international banking, foreign currency products, trade finance, personal accounts, and property loans geared toward migrants and international students. It has a strong reputation among customers dealing with cross-border transactions.

Head office: Australian branches (Sydney/Melbourne), contact pages on each bank site.

20. Teachers Mutual Bank  These mutual banks focus on specific community groups teachers, defense personnel, environmental-conscious consumers, and public-service workers. It is the one of the international banks in Australia.

They offer excellent customer service, competitive term deposits, and ethical banking options. All banks in Australia have the best exceptional customer service.

Mutual banks are owned by their members, which helps keep fees low and benefits high.

Conclusion The Future of Banking in Australia. As Australia continues to innovate in financial technology, digital banking, and customer experience, the future of banking is becoming faster, smarter, and more personalized. The top 20 banks listed above represent a mix of tradition, innovation, stability, and disruptive energy.

Whether you're searching for high-interest savings, low-fee everyday banking, strong home loan packages, or international banking services, there is a bank in Australia perfectly suited to your financial needs.

The key to making the right choice is understanding what matters most to you, whether it's convenience, customer service, interest rates, loan options, or global access. With this guide, you'll have a solid foundation to confidently compare and select the bank that best aligns with your goals