Monday 18 May - Delay to limit changes: Previously communicated limit changes expected to take effect on Monday 18 May have been delayed until August. Customers will be provided with more information closer to the new effective date.
Monday 18 May - Delay to limit changes: Previously communicated limit changes expected to take effect on Monday 18 May have been delayed until August. Customers will be provided with more information closer to the new effective date.
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Qudos Bank and Bank Australia join together for the first day of operations as one entity.
Together, we are one of the largest customer-owned banks in the country, supporting 300,000 customers with nearly $17.5 billion in assets served by almost 900 employees.
Our merger is built on a foundation of shared values, and a commitment to people and planet. As one, we’re creating a stronger, more sustainable bank that puts customers at the centre of everything we do.
Damien Walsh | Managing Director
Access a larger branch network - 15 branch locations
Banking products, including Qantas Points products retained
Wider range of products and a number of reduced fees and charges
We remain 100% customer-owned
Your account details and how you bank with us stay the same
Our employees and contact centre is still 100% Australian based
Bank Australia and Qudos Bank announced the proposed merger with the Boards of both banks citing the strong values alignment, commitment to customer ownership and opportunity to scale their impact as the basis for exploring the merger.
Following due diligence, Bank Australia and Qudos Bank have agreed to continue to explore a proposed merger and seek regulatory approval to merge before asking members to vote in 2025.
APRA application lodged for regulatory approval.
Members were asked to vote on the proposed merger.
Our Special General Meeting was held on Monday 14 April 2025, both in person and online. The Merger Resolution received 78.43% of votes in favour and was carried.
Merge date. Bank Australia and Qudos Bank merged on 1 July 2025 offering stronger, more connected banking services to our members.
Thank you to all our members that joined us for our Special General Meeting on Monday 14th April 2025, both in person and online. We received a very high level of participation, with 17.27% of members voting on the Special Resolution.
The Merger Resolution received 78.43% of votes in favour and was carried.
The resolution required a minimum threshold of 75% of voting members to vote in favour of the resolution for it be carried.
THAT the members of Qudos Mutual Limited approve the total transfer of the business of Qudos Mutual Limited to Bank Australia Limited, to take effect on 1 July 2025 or on such other date as may be specified by the Australian Prudential Regulation Authority.
We couldn’t be prouder to bring our two strong customer-owned banks together and we’d like to thank all of our members who took the time to vote. Everyone who voted has played an important role in shaping the future of our customer-owned bank.
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From our shared history credit unions supporting key industry sectors and communities since the 1950s, to our current status as two of Australia's leading customer-owned banks, a successful merger will bring together our combined legacies and ongoing commitment to customer ownership.
Like Qudos Bank, Bank Australia:
We respectfully acknowledge the Traditional Custodians of all the lands on which we live and work, and we pay our respects to Elders past and present. We recognise their continued connection to the land, waters and culture and we acknowledge that sovereignty has never been ceded. Our head offices are located on the land of the Wurundjeri Woi Wurrung people of the Kulin Nation in Victoria, and the land of the Gadigal people of the Eora Nation in New South Wales.
We are an equal opportunity employer that celebrates the diversity, equity and inclusion of all people.
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