Readers ask: Which Australian Bank Is Best?

TOP-5 Best Banks of Australia

  1. Commonwealth Bank. This is the largest bank in terms of assets, deposits, market capitalization and a number of branches and ATMs, headquartered in Darling Harbour, Sydney, New South Wales.
  2. ANZ Banking Group.
  3. Westpac.
  4. National Australian Bank (NAB)
  5. Macquarie Group.

What is the best bank to go with in Australia?

The top 10 banks in Australia are:

  • National Australian Bank (NAB)
  • Westpac Bank.
  • Bank of Queensland.
  • Macquarie Bank.
  • Bendigo Bank.
  • AMP Bank Ltd.
  • Suncorp Bank.
  • Bankwest.

Which is the most trusted bank in Australia?

Bendigo Bank, which continued to be Australia’s most trusted bank, registered a score of 29 (+7). P&N Bank scored 28 (+6) while Bank of Sydney got a trust rating of 27 (+7).

Why is Commonwealth Bank the best?

Funding: CBA is 70% funded by customer deposits, which are typically more stable and less expensive. The balance is funded by capital and more expensive/more volatile wholesale debt. ANZ is only 52% funded by customer deposits, NAB is 57% and Westpac is 63%;

Which bank is best overall?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

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How do I choose a bank in Australia?

Look after your money Look for accounts with no or low fees. Choose accounts with higher interest rates. Compare bank accounts and consider switching if you find a better one. Check your bank statements and contact your bank if you find something wrong.

Which banks are owned by Westpac?

Our business comprises four key customer-facing divisions which operate a unique portfolio of brands including Westpac, St. George, Bank of Melbourne, BankSA, BT and RAMS. Through these brands we serve over 13 million customers.

Is bank of Queensland Safe?

However, all deposits and loans approved by an Owner Managed Branch are actually with BOQ. So if you deposit your money at an Owner Managed Branch, it is as safe as it would be with a corporately-owned branch, a service or transaction centre, Private Bank or a Business Banking Centre.

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