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Share accounts

There are changes to the shares in your membership

Qudos Bank will merge with Bank Australia on 1 July 2025. As a result, members’ shares in Qudos Bank will be cancelled and they will be issued with a share in Bank Australia. Bank Australia does not charge a subscription for shares and accordingly if members hold paid shares in Qudos Bank, they will be refunded the $10 subscription.

What this means for you

If you are a paid Qudos Bank shareholder your share payment will be returned.

To ensure we can process your $10 return to your account by 31 July, please email us at enquiries@qudosbank.com.au by 15 July 2025.

Please include the following details in your email:

  • Qudos Bank member number (this can located at the top of communications you've received from Qudos Bank)
  • Full name on the account (please note, the account provided must be in your name)
  • BSB
  • Account Number

If we do not receive your account details by 15 July 2025, your $10 will be held in accordance with our unclaimed monies process.

Have a question or need help?

If you have any questions or need further assistance with our products and/or services, feel free to contact us on 1300 747 747, Monday to Friday from 7am to 7pm, or Saturday from 9am to 5pm (AEST).

Frequently Asked Questions

What are paid shares?

Prior to April 2010 members paid a $10 subscription for shares when they joined.

Why do we need to transfer paid shares to another account?

Qudos Bank will merge with Bank Australia on 1 July 2025. As a result, members’ shares in Qudos Bank will be cancelled and they will be issued with a share in Bank Australia. Bank Australia does not charge a subscription for shares and accordingly if members hold Paid Shares in Qudos Bank, they will be returned the $10 subscription.

Does this share accrue interest?

No, the subscription paid for member shares does not accrue interest. These shares are for membership purposes only and do not earn any return or interest.