Banking in Australia is dominated by four major Banks: Commonwealth Bank of Australia, Westpac Banking Corporation, Australia and New Zealand Banking Group, and National Australia Bank.
There are several smaller banks with a presence throughout the country, and a large number of other financial institutions, such as credit unions, building societies, and mutual banks, which provide limited banking-type services and are described as authorised deposit-taking institutions (ADIs).
List of Banks in Australia
ANZ – Australia and New Zealand Banking Group
ME – Members Equity Bank
NAB – National Australia Bank
St George Bank
Beyond Bank Australia
G&C Mutual Bank
Teachers Mutual Bank
Bank of Sydney
Bank of Melbourne
Bank of Queensland
Foreign-owned Subsidiary Banks in Australia
Foreign banks wishing to carry on a banking business in Australia must obtain a banking authority issued by APRA under the Banking Act, either to operate as a wholesale bank through an Australian branch or to conduct business through an Australian-incorporated subsidiary.
Foreign banks engaging in retail banking require a full banking licence.