Bank Australia

Bank Australia Ltd
Responsible Banking

Bank Australia Limited (formerly Bankmecu) is one of the largest mutual banks in Australia with approximately 150,000 members, 400 full-time equivalent employees and 14 branches across the country. It provides high-quality banking services including transaction and savings accounts, term deposits, consumer and commercial loans, car loans, mortgage lending, refinancing, low rate and rewards credit cards, Visa debit cards, phone and online banking, mobile banking app, foreign exchange, international money transfers as well as home, travel and car insurance. Moreover, you can make deposits through Australia Post. More than 50% customers consider Bank Australia to be their main financial institution. 86% customers are satisfied or extremely satisfied with Bank Australia. Less than 7% reported being dissatisfied. The company was formerly known as Bankmecu and changed its name to Bank Australia in August 2015. Bankmecu (previously Members and Education Credit Union) became first customer-owned bank in Australia in 2011. For the year ended 30 June 2020, Bank Australia reported total revenue of $131.4 million, profit after tax of $19.6 million, total assets of $7.2 billion, deposits of $5.9 billion and customer loans of $5.6 billion.

 Savings Accounts Rates

Savings Account Interest rate
Online Saver 0.20% p.a.
Christmas Saver 0.20% p.a.
Bonus Saver 0.50% p.a.
MySaver 0.70% p.a.

Rates are valid as of February 26, 2021

Credit Ratings:
Standard & Poor’s: BBB/A-2/Stable
Moody's: Baa1/P-2/Stable

Head office address:
222 High Street Kew
Victoria 3101, Australia
Phone number: 132 888
BSB number: 313 140
ABN: 21 087 651 607
Opening Hours: Mon – Fri, 9 am – 5 pm

Bank Australia Branches and ATMs

104 Little Collins Street
Melbourne VIC 3000

280 Brunswick Street
Fitzroy VIC 3065

235 Springvale Road
Glen Waverley VIC 3150

399 Melton Highway
Taylors Lakes VIC 3038

171-175 Maroondah Highway
Ringwood VIC 3134

104 Mollison Street
Kyneton VIC 3444

327 Sturt St
Ballarat VIC 3350

75 Mostyn Street
Castlemaine VIC 3450

50 Moore Street
Moe VIC 3825

4 Wills Street
Bendigo VIC 3550

248 Commercial Road
Morwell VIC 3840

186 High Street
Maryborough VIC 3465

90 Hotham Street
Traralgon VIC 3844

197 Hare Street
Echuca VIC 3564

42 McCallum Street
Swan Hill VIC 3585

Bunda Street
Canberra ACT 2601

129 Eighth Street
Mildura VIC 3500

102 Gawler Place
Adelaide SA 5000

14-16 York Street
Sydney NSW 2000

3 Julius Avenue
North Ryde NSW 2113

University Drive,
Southport QLD 4215

Staff House Road
St Lucia QLD 4067

239 George Street
Brisbane QLD 4000

James Cook University
Student Services Mall
Townsville QLD 4811