Variable loan interest rate decrease: Bank Australia will decrease variable home loan and commercial rates in response the RBA’s recent decision to cut the official cash rate. Learn more.
Alert: scammers impersonating Bank Australia staff - Scammers are posing as Bank Australia via phone, attempting to gain information from customers to access their accounts or internet banking. Learn more
The bank
Australia needs
Our vision
We share a belief with our customers that money can be used to create a world where people and the planet thrive.
How we do banking is what sets us apart
As a customer-owned bank with B Corporation credentials, we do things a little differently to your typical bank. Guided by our responsible banking policy, we put our customers at the centre of the bank, balance purpose and profit, and make decisions that have a positive impact on people, communities and the planet.
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Together we’re funding the solutions. Not the problems.
Our customers
Clean energy transition
Not-for-profits
Affordable and accessible housing
Green and sustainable investments
Fossil fuels
Live animal export
Arms industry
Gambling
Tobacco
Australia’s first
customer-owned bank
Your share
Every customer is an equal part-owner of our bank.
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Your vote
Customers get voting rights at our Annual General Meetings.
Your growth
Our profits go into our customer owned reserves to help us grow.
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Your impact
Customers guide what we fund in, and what we advocate for.
Your guidance
As we’re not listed on the stock exchange, we answer to you.
Banking done differently
Creating positive impact
Taking bold climate action
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Protecting natural habitat
Our people
Our staff really do care about making a positive difference in the world. Working for Bank Australia comes with a huge responsibility to try our best for our customers.
Meet our customers
"It's nice to know that your money isn't being used to fund the fossil fuel industry that's causing damage to our planet."
We have been serving customers and influencing the industry for over 60 years.
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1957
We started life as the CSIRO Co-operative Credit Society.
2008
We purchased the first of the four properties included in our world-first conservation reserve. Our partners Greening Australia and Trust for Nature manage the reserve.
2011
We became Australia's first customer-owned bank under the name bankmecu.
2015
We changed our name to become
Bank Australia.
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2019
Bank Australia switched to
purchasing 100% renewable electricity from its suppliers. We were the first bank in Australia to do so.
2020
Bank Australia became a certified B
Corp, meaning we’re a for-profit
corporation certified by B Lab for its
social impact.
