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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.
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:
If we do not receive your account details by 15 July 2025, your $10 will be held in accordance with our unclaimed monies process.
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).
Prior to April 2010 members paid a $10 subscription for shares when they joined.
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.
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.