Customer owned banking

We're committed to best practice standards that serve and protect our customers.

Qudos Bank exists for the benefit of our customers. Built by customers for customers, we’ve always been customer-first.

Customer Owned Banking Code of Practice

Qudos Bank is a division of Bank Australia Ltd, a customer-owned bank and member of the Customer Owned Banking Association (COBA).

We support the Customer Owned Banking Code of Practice (the Code), a set of ethical standards for customer owned banks, credit unions and mutual building societies which focus on customer benefits, community involvement, fairer fees and quality service.

The Code is a public expression of the level of support that subscribers will provide to its customers and the community, and the standards by which they be held accountable. It outlines clearly and transparently what a customer can expect when dealing with a Code subscriber.

COBA works closely with their members, consumer groups, and other stakeholders in developing the code of practice. For more than 150 years, customer owned banks have a long and proud history of helping Australians achieve their financial dream.

The primary areas of focus for the Code include:

  • A renewal of the key promises
  • Accessible banking services
  • Categories of vulnerable customers
  • Directing eligible customers to relevant products (e.g Commonwealth concession cards)
  • Small business definitions
  • Lending obligations
  • Guarantor protections
  • Staff training
  • Commitments to your privacy and security

Further information about the Customer Owed Banking Code of Practice is available at the Customer Owned Banking Association website.

The Customer Owned Banking Code Compliance Committee monitors compliance with the Customer Owned Banking Code of Practice and promotes good industry practice; supporting customer owned banks to achieve service standards Australians can trust.

You can obtain a copy of the Customer Owned Banking Code here.

Banking Code of Practice

Qudos Bank is a division of Bank Australia Ltd, a member of the Australian Banking Association, which represents the Australian banking industry. As a member of the ABA, we subscribe to the Banking Code of Practice.

The ABA Code sets out a range of ethical and customer focused standards and behaviours that protect and serve individual and small businesses customers, and their guarantors as defined by the code. These are underpinned by four core principles:

  • Trust and confidence
  • Integrity
  • Service
  • Transparency and accountability

Further information about the Banking Code of Practice is available at the Australian Banking Association website.

The Banking Code Compliance Committee monitors compliance with the Banking Code of Practice.

You can obtain a copy of the Banking Code of Practice here.

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