We need to think beyond the traditional and benchmark banks before diving into this topic.
Australia has a diverse range of banking options that provide a range of services to suit different needs. Banks in Australia vary in size, with some offering branches across the country and others offering online banking only.
The best bank in Australia is different from person to person, but some features you can expect include:
- – A bank that offers ATM withdrawal fees, no surcharge
- – A bank that offers no fees for withdrawing cash at an ATM
- – A bank with mobile or digital banking apps
- – A bank with a dedicated mortgage team
The Tops Banks in Australia are:
Australia’s top banks are a diverse set. They’re not all the same size, they’re not all in the same industry, and they have different philosophies on how to run their banking business. However, there are some common traits among each of these banks that have contributed to their success.
1.National Australian Bank (NAB)
National Australian Bank is one of Australia’s leading financial institutions. Founded in 1945, they have offices across the country and are listed on the Australian Stock Exchange (ASX)
National Australian Bank has been a sponsor of local football club, Sydney FC, since 2009
Westpac is the oldest bank in Australia. In 1982, Westpac merged with the Commercial Bank of Australia and became Westpac Banking CorporationWestpac employs around 32,620 staff in five divisions that offer financial services in Australia. They also offer banking products and work abroad with five subsidiaries. Headquartered in Sydney, Westpac has branches across the country.
The bank reached an impressive $8, 100 billion in earnings, with a net asset value of $64.3 billion
Commonwealth Bank is a multinational bank with presence across Fiji, New Zealand, the US, and Asia. It was founded in 1911, they are headquartered in Sydney and employ around 51,800 people. Their branches operate more than 11,000 branches
Commonwealth Bank is the biggest bank in Australia. It offers retail, enterprise, institutional banking & wealth management products and services to roughly 16.6 million people across the country
4.Bank of Queensland
Founded more than 150 years ago, Bank of Queensland is one of the oldest banks in Australia. It was established in Brisbane, Queensland The bank has over 48,000 employees and operates 200 branches across Australia.
Bankers have been able to focus on other aspects of their business with this help. The bank has had tremendous success since they started & they now provide services to millions all over the world.
Founded in 1969, Macquarie Bank is the largest investment bank in Australia. Macquarie Bank invests in assets like stocks, bonds, & commodities, offers banking services to businesses and consumers across the globe, and provides advisory services in a variety of fields including finance. The company has 13,597 employees at its Sydney office. The company’s revenue and earnings grew by 17% last year, and it has US$145 billion in assets.
In November 2007, on the 20th anniversary of its establishment, Bendigo Bank merged with Adelaide Bank. Australia’s largest retail bank, the Bank, has over 7,200 employees in it. It is a long-standing Australian company and has been in operation for a long time. Headquartered in Bendigo, it operates in Adelaide and South Australia, and maintains regional offices in Docklands, Melbourne, and Ipswich.
As of 2016, the total income of the bank was $1.23 billion and total assets were $327.3 billion
7.AMP Bank Ltd
A digital bank in Sydney, AMP Bank provides prepaid cards and financing to customers. It employs around 6,000 employees.Today, AMP Bank provides a range of services that can help you save time & effort. These services include deposits, residential mortgages, self-managed superannuation fund products, practice finance loans and also loan balance transfers. The bank is one of the leading independent wealth management companies in Australia and New Zealand.
AMP Bank serves over five million retail customers and 400 institutional clients across Australia and New Zealand. They predominantly operate in North America, Asia, Europe and the Middle East.
As of 2016, the total income of the bank was $4,923 million and total assets were $5,984 million.
Suncorp provides insurance products, banking & investment services in Australia and New Zealand. Founded in 1902, the bank has been around for more than 100 years.The bank that I am talking about is called Suncorp Bank and it has 12,000 employees.McDonald’s serves nine million customers in Australia and New Zealand
The bank posted an income of $13.8 billion and reported assets of $77.06 billion
Bankwest, which is the most recent entrant on to the list of Australia’s top 10 banks, was founded in 1895 as a lender for rural businesses in 1945, Agricultural Bank was founded in Australia. In 1990, it changed its name to Bankwest and started developing branches in the rest of Australia. The bank also has offices located in Adelaide, Brisbane, Canberra, Melbourne, and Sydney
926 employees in various sectors of banking, specializing in personal, business, commercial, corporate and private banking.
As of 2016, Banco Santander’s total income was US$1.42 billion
10.Bank of Queensland
Founded in 1874, Bank of Queensland is one of the oldest banks in Australia. Headquartered in Queensland, it offers retail banking services.. The bank employs over 48,556 individuals with over 200 locations spread across the country
As of 2016, the bank’s total income was US$394 million and total assets were US$40.1 billion, making it one of the top Australian bank.
11. Macquarie Bank
Headquartered in Sydney, Macquarie Bank is the largest investment bank in Australia. It was founded in 1969., the bank provides services in asset management and finance, banking, advisory, risk, and capital solutions across debt, equity.d commodities markets. Headquartered in Sydney, Macquarie Bank employs 13,597 staff.
As of 2017, the total income of the bank reached $8.3 billion with assets amounting to nearly US$20 billion.
Here you have it Best Banks in Australia help share this write-up with your social media network.