In Australia, many banks offer good deposit and loan rates. The best banks vary in terms of customer service and overall satisfaction. It is important to do your research before choosing a bank.
The best banks in Australia often offer competitive rates on loans and deposits. Some banks also provide good customer service, making the experience more pleasant. It is important to consider what you need the bank for before selecting one.
There are many different types of banks in Australia, each offering its own benefits. Some of the best banks in Australia include Commonwealth Bank, ANZ, and NAB. Each bank has its strengths and can help you meet your financial goals. Before choosing a bank, it is important to compare the features offered by the various institutions.
List of the best banks in Australia
- Commonwealth Bank of Australia
- ANZ
- NAB
- Westpac
- Bank of Queensland
- Macquarie Bank
- Suncorp Bank
- Bankwest
#1. Commonwealth Bank of Australia:
It is a multinational bank in New Zealand, Fiji Islands, Asia, the US, and the UK. This bank was formed in the year 1911 and is based in Sydney. It has more than 11,000 branches, and the number of employees is 42,548 (Dec 2019). It is Australia’s largest bank providing a diverse range of services and a basket of financial products. It offers retail, commercial, institutional and wealth management banking services.
#2. ANZ:
ANZ bank was formed in 1835 and is known as one of Australia’s best banks operating in the US, Europe, Australia, New Zealand, Asia-Pacific, and the Middle East. The bank provides financial services to retail clients, HNI, SMEs, and corporate and commercial clients. It is headquartered in Melbourne and has about 38,479 employees.
#3. NAB:
The merger between the National Bank of Australasia and the Sydney Commercial Banking Company formed this bank. Based in Docklands, it is present in New Zealand, the US, Asia, and Europe.
#4. Westpac:
Westpac was known as the Bank of New South Wales and resulted from the merger
Between BNSW and the Commercial Bank of Australia. It offers services through its five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac NZ.
#5. Bank of Queensland:
This bank is based in Queensland. It only offers retail banking services.
#6. Macquarie Bank:
The headquarters of this bank in Sydney offers asset management, finance, banking, advisory, and risk and capital solutions.
#7. Suncorp Bank:
Suncorp Bank provides general insurance, banking, life insurance, and wealth management services in Australia and New Zealand. This bank is based in Brisbane.
#8 Bankwest:
Bankwest comenzó como un prestamista rural, pero se convirtió en un banco comercial de pleno derecho en 1945. Con sede en Perth, este banco también tiene oficinas en Adelaide, Brisbane, Canberra, Melbourne y Sydney. Ofrece banca personal, banca de negocios, banca comercial, financiamiento de agronegocios, etc.
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