The top five banks in Australia (2024)

FAQs

The top five banks in Australia? ›

What are the top banks in Australia? Commonwealth Bank (CBA) , Westpac, National Australia Bank (NAB) , and Australia and New Zealand Banking Group (ANZ) are known as Australia's Big Four banks by their market share and market value.

What are the top banks in Australia? Commonwealth Bank (CBA) , Westpac, National Australia Bank (NAB) , and Australia and New Zealand Banking Group (ANZ) are known as Australia's Big Four banks by their market share and market value.

The five largest banks in America are JPMorgan Chase, Bank of America, Wells Fargo, Citibank and U.S. Bank.

Global Finance used ratings from Moody's, Standard and Poor's (S&P) and Fitch to come up with the rankings. According to Global Finance, the safest bank in Australia in 2023 was Commonwealth Bank. This list was unchanged from 2022.

JPMorgan Chase Bank NA of Sydney operates as a bank. The Company offers investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance services. JPMorgan Chase Bank serves customers worldwide.

“Bendigo Bank is consistently recognised as Australia's most trusted bank because we continue to put our customers at the centre of everything we do. We are dedicated to building even stronger relationships with our 2.6 million customers by prioritising integrity, reliability, and customer-centricity,” Ms Baker said.

A 2nd tier lender, also known as a non-bank lender, is a lender who doesn't hold a banking licence. They usually come in the form of a building society or credit union. While the absence of a banking licence might seem scary, it just means they source their own wholesale funding from other sources.

Which bank is best in the USA? ›

A poll of bank customers has found AMP, Bank of China and Westpac are among Australia's least-trusted banks while Bendigo Bank, ING and RACQ Bank are some of the most trusted.

Also, “large domestic investment bank” Macquarie tends to rank well, often above the international bulge brackets. The Big 4 Australian banks – ANZ, Commonwealth, NAB, and Westpac – are also very active, but primarily in debt capital markets, where they do more volume than the international banks mentioned above.