Why the transition?

About Bank Australia

As Australia's first customer-owned bank with B Corporation credentials, they do things a little differently to your typical bank. Guided by their responsible banking policy, they put their 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.

They avoid lending to harmful industries like fossil fuels, arms industry, or gambling - and instead focus on impact lending that supports climate action, biodiversity, First Nations Recognition and Respect, and affordable housing. Their ethical approach means their customers money helps fund solutions, not problems.

Bank Australia is also the first Australian bank to have a conservation reserve. As a Bank Australia customer, you can proudly say you help care for a 2,117 hectare reserve in Western Victoria that that is home to 251 native plant and 283 native animal species.

On 1 July 2025, Bank Australia merged with Qudos Bank, a move that reflects growing momentum in customer-owned banking. The merger strengthens their ability to deliver ethical, responsible banking and highlights that other values-driven institutions see Bank Australia as a natural partner.

Together with their customers, Bank Australia is building a world where people and the planet thrive. We’re thrilled to be able to place you in such good hands.