Banks in Queensland
Queensland is Australia's third-largest state, with a fast-growing population and a banking market served by the big four plus strong regional mutuals.
How to use this page. Information is compiled from national banking regulators and deposit guarantee schemes. Banking rules and product availability change — always confirm details with the bank itself before acting. This is educational information, not a recommendation of any provider.
| Item | Detail |
|---|---|
| Country | Australia |
| Region | Queensland (Queensland) — East |
| Capital | Brisbane |
| Currency | AUD |
| Regulator | APRA / ASIC (national) |
| Deposit protection | 250,000 AUD per depositor, per ADI (Financial Claims Scheme) |
| Identity needed | TFN (Tax File Number) |
Banks based in or prominent in Queensland
These institutions have a meaningful presence in the region, whether headquartered there or operating a substantial local network.
Suncorp Bank
Regional presence
An Australian bank based in Brisbane, Queensland, formerly part of the Suncorp Group insurance business. Suncorp Bank provides retail and business banking and was acquired by ANZ in 2024, making it part of one of the four major banking groups. It is an authorised deposit-taking institution supervised by APRA, with deposits protected under the Financial Claims Scheme.
Bank of Queensland
Regional presence
An Australian bank headquartered in Brisbane, Queensland. BOQ operates through owner-managed branch franchises as well as company-owned branches, and acquired ME Bank to broaden its reach into the mortgage market. It is an authorised deposit-taking institution supervised by APRA, with deposits protected under the Financial Claims Scheme. It is supervised by APRA / ASIC.
Commonwealth Bank
Regional presence
The largest bank in Australia by assets, headquartered in Sydney, New South Wales. It operates the country's largest branch and ATM network and the most widely used banking app, across retail, business and institutional banking. It is an authorised deposit-taking institution supervised by the Australian Prudential Regulation Authority, and deposits are protected under the Financial Claims Scheme.
Queensland Country Bank
Regional presence
Queensland Country Bank is a commercial bank in Australia. Our directory records its head office in Queensland. It is supervised by APRA / ASIC. Deposits are protected up to 250,000 AUD per depositor, per ADI through the Financial Claims Scheme. It operates as a commercial bank, taking deposits and lending to consumers and businesses.
Credit unions and mutuals in Queensland
Member-owned institutions usually offer higher savings rates and lower fees than shareholder-owned banks. Membership eligibility varies, so check before applying.
Queensland Country Bank
Member-owned
Queensland Country Bank is a commercial bank in Australia. Our directory records its head office in Queensland. It is supervised by APRA / ASIC. Deposits are protected up to 250,000 AUD per depositor, per ADI through the Financial Claims Scheme. It operates as a commercial bank, taking deposits and lending to consumers and businesses.
RACQ Bank
Member-owned
RACQ Bank is a commercial bank operating in Australia. It operates as a commercial bank, taking deposits and lending to consumers and businesses. It is supervised by APRA / ASIC. Deposits are protected up to 250,000 AUD per depositor, per ADI through the Financial Claims Scheme. Our directory indexes it under Queensland.
Great Southern Bank
Member-owned
An Australian customer-owned bank headquartered in Brisbane, Queensland, formerly known as Credit Union Australia. As a mutual, it has no external shareholders and operates branches across Australia alongside digital channels, offering home loans, savings and insurance. It is an authorised deposit-taking institution supervised by APRA, with deposits protected under the Financial Claims Scheme. It is supervised by APRA / ASIC.
Available in Queensland from anywhere
National banks and digital banks operate across Australia, so your region does not restrict access to them.
National banks
Commonwealth Bank
National bank
The largest bank in Australia by assets, headquartered in Sydney, New South Wales. It operates the country's largest branch and ATM network and the most widely used banking app, across retail, business and institutional banking. It is an authorised deposit-taking institution supervised by the Australian Prudential Regulation Authority, and deposits are protected under the Financial Claims Scheme.
Westpac
National bank
One of Australia's four largest banks, headquartered in Sydney, New South Wales. Westpac operates across consumer, business and institutional banking, and its group includes the St George, BankSA and Bank of Melbourne brands alongside the main Westpac network. It is an authorised deposit-taking institution supervised by APRA, and deposits are protected under the Financial Claims Scheme.
ANZ
National bank
One of Australia's four largest banks, headquartered in Melbourne, Victoria. It is an authorised deposit-taking institution supervised by APRA, and deposits are protected under the Financial Claims Scheme. ANZ operates in retail and commercial banking in Australia and New Zealand, and maintains an institutional banking presence across Asia-Pacific, the Middle East and Europe. It acquired Suncorp Bank in 2024.
NAB
National bank
National Australia Bank, headquartered in Melbourne, Victoria, and one of the country's four largest banks. NAB is weighted towards business and agribusiness lending alongside retail banking, and operates the ubank digital brand and a substantial UK and New Zealand presence. It is an authorised deposit-taking institution supervised by APRA, with deposits protected under the Financial Claims Scheme.
Macquarie Bank
National bank
An Australian bank headquartered in Sydney, New South Wales, and the principal banking entity of Macquarie Group. Macquarie is unusual among Australian banks in being weighted towards investment banking, asset management and infrastructure, with retail banking a smaller part of the group. It is an authorised deposit-taking institution supervised by APRA, with deposits protected under the Financial Claims Scheme.
Digital banks
ubank
Digital
A digital bank brand owned by National Australia Bank and headquartered in Melbourne, Victoria. ubank offers savings and everyday accounts with no branches and no monthly fees, and was formed from NAB's earlier UBank business combined with the 86 400 digital bank. It operates under NAB's banking licence, so deposits are covered by the Financial Claims Scheme through the parent.
ING Australia
Digital
The Australian banking arm of the Dutch ING Group, headquartered in Sydney, New South Wales. ING Australia operates without a branch network, offering savings accounts, everyday accounts, mortgages and personal loans through digital channels, and is known for fee waivers tied to card usage. It is an authorised deposit-taking institution supervised by APRA, with deposits protected under the Financial Claims Scheme.
Up
Digital
A digital bank brand owned by Bendigo and Adelaide Bank, headquartered in Melbourne, Victoria. Up offers an everyday account, savings accounts and a budgeting-focused app aimed at younger customers, and was developed in partnership with the technology firm Ferocia. It operates under the parent's banking licence, so deposits are covered by the Financial Claims Scheme.
Judo Bank
Digital
An Australian bank headquartered in Melbourne, Victoria, focused on lending to small and medium-sized businesses. Judo was founded by former National Australia Bank executives and holds one of the few new Australian banking licences issued in recent decades. It is an authorised deposit-taking institution supervised by APRA, with deposits protected under the Financial Claims Scheme.
Great Southern Bank
Digital
An Australian customer-owned bank headquartered in Brisbane, Queensland, formerly known as Credit Union Australia. As a mutual, it has no external shareholders and operates branches across Australia alongside digital channels, offering home loans, savings and insurance. It is an authorised deposit-taking institution supervised by APRA, with deposits protected under the Financial Claims Scheme. It is supervised by APRA / ASIC.
Opening a bank account in Queensland
The documents required are strict, even though the process itself is simple. Work through these in order.
- 1Provide primary ID — passport, birth certificate or citizenship certificate.
- 2Provide secondary ID — driver licence, Medicare card or utility bill.
- 3Supply your Tax File Number (TFN).
- 4Apply online or in branch.
- 5Fund the account to activate it.
Queensland banking rules worth knowing
- All Australian banks are regulated nationally by APRA.
- The Financial Claims Scheme protects 250,000 AUD per depositor, per ADI.
- Queensland has a strong mutual and customer-owned banking sector.
- The 100-point ID check applies to all account openings.
Other things to keep in mind
- Brisbane is a significant banking centre, with several banks headquartered there.
- Rural Queensland relies heavily on mutual banks and the big four.
- Population growth is driving new branch openings in the southeast.
Frequently asked questions
Which regulator supervises banks in Queensland?
How do I open a bank account in Queensland?
How much of my money is protected in Queensland?
Do I need to be a resident of Queensland to open an account?
Sources and verification
The regulatory details on this page come from the bodies that publish them, not from secondary summaries. Each was checked in September 2026.
- APRA / ASIC (national) — banking regulator for Queensland
- Financial Claims Scheme — deposit protection covering 250,000 AUD per depositor, per ADI
- National supervisory framework: APRA / ASIC
Banking rules and product availability change. Always confirm details with the institution itself before acting. This page is educational information, not a recommendation of any provider. Last reviewed: September 2026.
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