Bank Australia
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:
(Long-term/Short-term)
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
Website: bankaust.com.au
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