Bank Index
BANK AUSTRALIA LIMITED
Bank · COLLINGWOOD, Australia · overall 5.2 / 10
How this 5.2 is built
Average of 6 scored needs: 5.2. Regulation in Australia: 95/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. 3 scores backed by filings or its own pages.
BANK AUSTRALIA LIMITED is recorded in the global register as a bank in COLLINGWOOD, Australia. The register names Australian Prudential Regulation Authority as its regulator and shows the licence as active. Established 2003. Collected from open registers.
- Legal name
- BANK AUSTRALIA LIMITED
- Regulated by
- Australian Prudential Regulation Authority
- Licence confirmed
- yes, on a regulator's own list
- Established
- 2003
- LEI
- 261700A2UMQ3YAG2T616
- Website
- www.bankaust.com.au
Scores, 0 to 10
7.5Financial strength & stability
· source
6.0Asia-Pacific (SG, HK, AU, JP, KR)
Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source
5.0Lowest fees
The bank's own page names the monthly account charge. Transfer and card prices were not read on that page, so this score speaks only for the monthly charge. It reads: “) Any balance 0.00 % Fees and charges The $8 account monthly fee will be waived for: Are a school or not-for-profit entity and own the account Have a Bank Australia Offse” · source
5.0Best interest on business balances
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.0Trade, manufacturing & import-export
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
4.5Fast digital onboarding
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
4.0Cross-border payments, FX and multi-currency accounts
Its own business page names SWIFT, so payments can leave the country. The score stops at 4.0 because the page did not give the currencies the account holds or the margin on the exchange rate, and the rubric needs both to go higher. · source
Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.