.jpg)
Bank Australia customers will benefit from reduced fees and charges across our range of products and services.
.webp)
A new chapter begins - Bank Australia and Qudos Bank
Coming together with purpose
Following our recent successful merger vote with Qudos Bank, our two customer owned banks came together on 1 July 2025. We're committed to build a better, stronger and more resilient bank while keeping you at the centre of everything we do.We’re ready to offer even better services and banking experiences. We’re excited to now be able to provide to you new benefits like reduced fees and expanded customer service as a result of our successful merger.
Building a better banking experience for you
Set up your account with Bank Australia
New to Bank Australia?
Open in less than 5 Minutes
Already a customer
Log in to internet banking
Open in less than 1 Minutes
Reduced fees and charges
Access to more branchesExpanded in-person services, with access to 15 shared branches across New South Wales, Victoria, Queensland and the ACT. Read more about our branches services.
Expanded Bank@Post servicesCustomers will have access to expanded Bank@Post services, including cash withdrawals, through Australia Post outlets from 1 July.
SGM 2025 Vote Results
After a fantastic voting period and Special General Meeting, our customers have overwhelmingly voted in support of the proposed merger Qudos Bank.
We received a very high level of participation, with 7.1% of our total customer base voting on the Special Resolution. This follows Qudos Bank's Special General Meeting and successful member vote, with 78% voting in support of the merger.
The merger resolution received 91.00% of votes in favour and was carried. View our results below.
Number
%
Votes cast for the motion
11,434
91.00%
Votes cast 'AGAINST' the motion
1,131
9.00%
TOTAL VOTES CAST
12,649
100%
Votes abstained
84
Carried
Chair and Managing Director voting announcement
Hear from our Managing Director, Damien Walsh and Chair Steve Ferguson reflect on a successful member vote.
.svg)
Merger timeline
.jpg)
1 July 2025
Merge date. Bank Australia and Qudos Bank merged on July 1 2025 to offer stronger, more connected banking services and experiences for our members.
21 March - 16 April 2025
Member voting period. The merger resolution received 91.00% of votes in favour and was carried.
October 2024
APRA application lodged.
May 2024
From February to May both banks conducted due diligence and each Board agreed to continue to explore the merger.
1 Feb 2024
In February 2024 we signed a Memorandum of Understanding (MOU) with Qudos Bank to formalise our intent to merge.
Latest news and key information on the proposed merger
LiamNeal-00245-1500x516-27f8f2a.webp)
Busting myths about our merger with Qudos Bank
Greater impact for people and planet
Understanding your right to vote
Bank Australia and Qudos Bank to proceed with proposed merger following initial due diligence
Bank Australia and Qudos Bank to explore merger to create Australia’s leading purpose driven bank
Frequently asked questions
Will we still be Bank Australia?
The merged bank will operate as Bank Australia Ltd and maintain both Bank Australia and Qudos Bank brands in the period following the merger, with an intention to review the future brand strategy in due course.
Will the merger affect the customer ownership structure?
No, the merged entity will continue to be 100% customer owned.
Will this affect Bank Australia’s public commitments like its 2035 net zero target?
Key to the proposed merger is the values alignment between the two banks. The merged entity will maintain the public commitments of Bank Australia including:
- Retaining B Corp status
- Continuing with key parts of our impact strategies, including climate action and our net zero by 2035 target, nature and biodiversity and First Nations Recognition and Respect
- Maintaining other existing public commitments including the responsible banking policy to guide what where we lend and invest
Will any branches be closed as a result?
No, all 15 current branches will be retained and reviewed by the merged entity to support customer service requirements. Head office operations will be split between Collingwood (VIC) and Mascot (NSW).
What does a merger mean for products and services
Customers will benefit from the merged bank’s approach to products and services, which will leave customers better off overall.
Over time as our systems are integrated, customers will gain access to a wider range of products and services as a result of the merger.
Once combined, how big would the merged bank be?
Bringing Bank Australia and Qudos Bank together would create an entity supporting 300,000 customers with total assets approaching $20 billion and served by almost 900 employees.
How will the merger affect employees?
This is an exciting time for employees of both banks. We need our people more than ever, and everyone has a role to play now and in the merged entity.
Who will be Chief Executive Officer (CEO)?
Damien Walsh (Bank Australia) is the Chief Executive Officer and Managing Director.
Who will be the Board Chair?
The Board is composed of Jennifer Dalitz (Qudos Bank) as inaugural Chair and Steve Ferguson (Bank Australia) as inaugural Deputy Chair of the merged entity. The merged Board has equal representation from both banks and will ensure retention of the required skills and experience.
We want to hear from you
As a customer-owned bank, your feedback is important to us. Send us a message so we know what you think.