Top 10 Best Banks in Melbourne Australia
Melbourne, Australia is home to a wide range of banks and financial institutions that provide top-notch services to its customers. With so many options available, it can be difficult to know which bank is the best choice for your needs. To help make navigating this decision easier, we’ve compiled a list of the top 10 best banks in Melbourne based on customer satisfaction ratings, range of services, accessibility, and other factors.
Table of Contents
#1 – Westpac Branch
Introduction:
Westpac is Australia’s first bank and oldest company, one of four major banking organisations in Australia and one of the largest banks in New Zealand. Westpac provides a broad range of consumer, business and institutional banking and wealth management services through a portfolio of financial services brands and businesses.
Established in 1817 as the Bank of New South Wales, the company changed its name to Westpac Banking Corporation in 1982. For over 200 years they have played an important role in the economic and social fabric of Australia. Westpac Group’s purpose is creating better futures together – it’s what they do, who they are and why they come to work every day.
Type of Services:
- Remittance of Funds
- Westpac Online Investing
- Bank Account Registration
- Invoice Finance
- Corporate Online
- Foreign Currency Exchange
- Loans
Location:
360 Elizabeth St, Melbourne VIC 3000, Australia
Contact: +61 3 9678 5300
Website: Website Link Here
#2 – Commonwealth Bank DP1 Office
Introduction:
Commonwealth Bank is Australia’s leading provider of integrated financial services. Their executive team ensures the business is able to achieve profitable growth and support and encourage employees.
The Commonwealth Bank of Australia (Bank) and its related bodies corporate (collectively, Group) are committed to continuously improving their governance practices and ensuring that they are aligned with their business and stakeholders’ needs. Effective corporate governance is key to the Bank’s ability to deliver on their purpose and strategy. Strong corporate governance ensures they maintain the highest professional standards and act with integrity during the course of their business activities.
With branches in China, Hong Kong, Japan and Singapore, the Bank offers a range of financial services to both Australian clients with interests in Asia and clients within the region who have business interests in Australia. The Bank also has representative offices in China.
Type of Services:
- Bank Account Registration
- Loans
- Insurance
- Business Banking
- Investing in Shares
- Institutional Banking and Markets
Location:
Level 19, Tower One, Collins Square, 727 Collins Street, Docklands VIC 3000
Contact: 1300 362 081
Website: Website Link Here
#3 – Standard Chartered Bank
Introduction:
They offer specialised banking products in Asia, Africa and the Middle East to Australia wholesale clients. Standard Chartered Bank has nearly 50 years of banking experience in Australia. It entered the market in 1964. and holds an Australian Financial Services licence and is authorised by the Australian Prudential Regulation Authority as a Foreign Authorised Deposit-taking Institution.
Standard Chartered was recently mandated as lead arranger and joint sustainability loan coordinator of a AUD1.1 billion facility for the redevelopment of Frankston Hospital in Melbourne. This financing will transform services at the hospital and deliver a new 12-storey clinical services tower and main entrance, 130 more beds, new spaces for mental health and oncology services and 15 new operating theatres.
Standard Chartered Bank provides proactive business development services focused on emerging markets. Across all regions, Field Account Managers (FAMs) work alongside product specialists to rapidly respond to the wide-ranging needs of client’s subsidiary operations.
Type of Services:
- Corporate and Institutional Banking
- Loans and mortgages
- Credit cards
- Current and savings accounts
- Wealth management
Location:
GEORGE STREET, 345, LANDMARK BUILDING AUSTRALIA
Contact: +61 2 9232 9315
Website: Website Link Here
#4 – Barclays Bank
Introduction:
Barclays was built over centuries. Their longevity is an extraordinary achievement, especially against the backdrop of multiple financial crises, international conflicts, and the agricultural, industrial and now technological revolutions.
This story is best told through their rich archive of photographs, ledgers, letters, minute books, equipment and a range of, in some cases unexpected, curiosities housed in the Barclays Group Archives in Manchester, UK. The material in these archives is unique, irreplaceable and priceless. They don’t just tell the story of Barclays’ businesses around the world, they also communicate the strength and depth of the Values that have underpinned Barclays from the very beginning.
The bank serves a wide range of customers including individuals, businesses, and institutions. Its services include retail banking, wealth management, investment banking, corporate banking, and credit cards. In addition to traditional banking products, Barclays also offers digital banking services through its mobile app and online banking platforms.
Recently, Barclays has been undergoing a restructuring plan, which involves reducing costs, simplifying the business, and focusing on its profitable areas. The bank is also investing in technology to enhance its digital banking services and better serve its customers.
Type of Services:
- Retail banking, wealth management
- Investment banking
- corporate banking
- credit cards
- Investing
Location:
Level 37, Chifley Square, Sydney NSW 2000, Australia
Contact: +61 02 8364 3300
Website: Website Link Here
#5 – State Bank of India
Introduction:
The State Bank of India started its operations on the 23rd November, 1998 when it opened a Representative Office in Sydney. Effective from the 21st April, 2004, the Representative Office was transformed into a Australian Bank. The branch was opened with the objectives of fostering trade between India and Australia through trade finance products and helping Indian corporates access and contribute to the Australian economy. The Reserve Bank of India regulates the Global Bank and the Australian Banking operations are also authorized and regulated by Australian Prudential Regulation Authority (APRA) and other local Australian regulators. SBI Australia offers a wide range of services such as deposits, remittances, trade finance solutions, syndicated loans etc. Synergy of the SBI Global Group and its specialized subsidiaries make SBI Australia the ideal partner for your India Related business. SBI Austalia also holds an Australian Financial Services License (AFSL).
Type of Services:
- Accounts
- Investments & Deposits
- Loans
- Credit Cards
- Digital- Online Banking
Location:
Level 9/416-420 Collins St, Melbourne VIC 3000, Australia
Contact: +61 3 8637 7930
Website: Website Link Here
#6 – Industrial and Commercial Bank of China
Introduction:
The Industrial and Commercial Bank of China (ICBC) is one of the largest financial institutions in the world, with headquarters in Beijing, China. The bank operates in more than 40 countries around the globe, offering a wide range of financial services to clients. One of ICBC’s branches is located in Melbourne, Australia, and provides banking services to individuals, corporations, and institutions.
The Melbourne branch of ICBC offers a variety of banking services, including personal banking, corporate banking, investment banking, and cross-border trade financing. Customers can access the bank’s products and services through its online and mobile platforms, ATMs, and in-person at its branch location. The bank’s well-trained and friendly staff provides personalized services to customers, including assistance with account opening, loan applications, and foreign exchange transactions.
ICBC is committed to supporting local businesses in Melbourne’s thriving commercial industry while improving customer’s financial well-being. The Melbourne branch closely follows ICBC’s values of professionalism, efficiency, and innovation, making it a trusted and reliable banking partner for individual and commercial clients in Australia.
Type of Services:
- Personal Banking
- Corporate Banking
- Investment banking
- Credit Cards
Location:
3/379 Collins St, Melbourne VIC 3000, Australia
Contact: +61 3 9618 5588
Website: Website Link Here
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#7 – Virgin Money Australia
Introduction:
You probably know the Virgin brand – trusted globally and well-known for shaking things up and providing real alternatives when they think people deserve a fairer go. It’s in our DNA to challenge the norm and do things differently.
As well as being proudly part of the global Virgin brand and network, Virgin Money is 100% owned by the Bank of Queensland (BOQ) Group. Their home loans, credit cards, insurances and superannuation are all backed by long-standing partnerships with leading organisations like BOQ, NAB, Mercer, TAL, Auto & General and Allianz Worldwide Partners. Their business is strong and we’re well-positioned to help you manage your family budget, purchase or refinance your home and protect your most important assets.
Type of Services:
- Banking
- Loans
- Superannuation
- Life, Car & Travel Insurance
- Income Protection
- Credit Cards
Location:
126 Phillip St, Sydney NSW 2000, Australia
Contact: +61 2 9060 5457
Website: Website Link Here
#8 – NAB on George
Introduction:
They’re here to serve customers well and help their communities prosper. They’re more than 32,000 colleagues, supporting more than eight and a half million customers in Australia and overseas across: personal accounts, small, medium and large businesses, private clients, government and institutional activities.
They became NAB when the National Bank of Australasia (est. 1858) merged with the Commercial Banking Company of Sydney (est. 1834) on October 1, 1981. Their scale and connectivity help us to tackle some of the biggest challenges facing our business and community. They’re focusing on taking climate action, supporting affordable and specialist housing and backing Indigenous bu
Type of Services:
- Corporate Banking
- Business Banking
- Personal Banking
- credit cards
- Loans and Finance
Location:
333 George St. Sydney NSW 2000 Australia
Contact: +61 3 8641 9083
Website: Website Link Here
#9 – China Merchants Bank
Introduction:
In 1987, China Merchants Bank (CMB) was founded in Shekou Shenzhen, the forefront of China’s reform and opening-up campaign. CMB is China’s first joint-stock commercial bank wholly owned by corporate legal entities and also the first pilot bank as China promoted banking industry reform with endeavors from outside of the government. After 35 years of growth, it has evolved into a banking group listed in both Shanghai and Hong Kong, with financial licenses covering commercial banking, financial leasing, fund management, life insurance, overseas investment banking, consumer finance, and wealth management subsidiary, etc. CMB has developed distinctive features and significant market influence from a global perspective.
As at the end of the first half of 2022, CMB had 143 branches (including Free Trade Zone branch, etc.) and 1,771 sub-branches, covering over 130 cities in Chinese mainland. For overseas markets, CMB had six branches and two representative offices. Total number of employees exceeded 100,000. In 2022, CMB ranked 174th on the Fortune Global 500 List, and 11th on the list of “Top 1,000 World Banks 2022” released by The Banker (UK), making top 20 for the fifth consecutive year. From 2019 to 2022, CMB was the “Best Bank in China” as selected by Euromoney, marking the first “4 Consecutive Championships” in Euromoney’s awarding history.
Type of Services:
- Mortgages & Loans
- Personal Banking
- Invest Banking
- Corporate Banking
- Credit Cards
Location:
333 George St. Sydney NSW 2000 Australia
Contact: +61 2 7909 5582.
Website: Website Link Here
#10 – Citibank Wealth Management Centre
Introduction:
Citibank Wealth Management Centre Australia is a department of Citibank Australia that offers a comprehensive range of wealth management services to its valued clients. With over five decades of experience and expertise, the centre caters to the needs of high net worth individuals and their families, providing them with tailored solutions and investment strategies that help attain their financial objectives.
The centre’s team of dedicated professionals works closely with clients to understand their unique requirements, and develops customized investment portfolios that incorporate a diversified range of asset classes, including equities, fixed-income products, alternative investments, and more. Additionally, the centre provides access to global investment opportunities and engages in active asset management to ensure that clients can achieve their investment goals.
Attracting a wide variety of clients, the Citibank Wealth Management Centre offers specialist services such as estate planning, tax-efficient investing, and philanthropic advice. With an unwavering commitment to delivering exceptional service, the centre focuses on building long-term relationships with clients, providing them with transparency and personalized solutions to achieve their financial aspirations.
Type of Services:
- Investment Planning
- Portfolio management
- Tax planning
- Wealth Management
- Banking
Location:
350 Collins Street, Ground Floor Melbourn
Contact: +61 2 8225 0615
Website: Website Link Here
Have a Place to Recommend?
Your contribution is valuable to us! Are there any outstanding businesses that you believe should be added to our list? If so, please send your recommendations to us at [email protected]. Tropika Club will review your suggestions and update the list accordingly. Thank you for your help in making our list of businesses as comprehensive and accurate as possible.
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