Who Owns My Bank?

Are you with a smaller bank or financial institution? Chances are it’s owned by another. Check out our complete guide to who owns who in the world of banking.

According to a consumer survey of more than 1,500 people undertaken by People?s Choice Credit Union, and released recently, 84% of respondents believed banks should have to disclose who owns them when they advertise, instead of it being buried in the fine print. The survey found some two-thirds of people thought multi-branding was used to trick customers about ownership, while only 30% of people saw it as fair.

The findings echo the results of an Essential Research survey of 1000 Australians conducted earlier this year, which found consumer confusion about multi-branding by the big banks. Just 52% of those surveyed were aware that St George was owned by a big four bank, and only 29% were aware that RAMS is likewise owned.

So – who owns your bank?

Some of the Australian brands owned by a Big Four bank are as follows.

Who does National Australia Bank (NAB) own?

The table below shows a selection of NAB variable home loans, sorted by current rate(lowest to highest). This table is based on a loan amount of $500,000 for a principle and interest loan in NSW. 

Who does Westpac own?

The table below shows a selection of Westpac variable home loans, sorted by current rate (lowest to highest). This table is based on a loan amount of $500,000 for a principle and interest loan in NSW. 

Who does Commonwealth Bank own?

The table below shows a selection of CBA variable home loans, sorted by current rate (lowest to highest). This table is based on a loan amount of $500,000 for a principle and interest loan in NSW. 

Who does ANZ own?

  • Esanda

The table below shows a selection of ANZ variable home loans, sorted by current rate (lowest to highest). This table is based on a loan amount of $500,000 for a principle and interest loan in NSW. 

What other banks own

The big four aren’t the only banks in Australia that have ownership over other smaller institutions. The list below shows who owns who at the time of writing.

Australian Military Bank 

  • RSL Money

Auswide Bank

  • Queensland Professional Credit Union Ltd

Bank of Queensland Ltd

Bendigo and Adelaide Bank Ltd

Community Alliance Credit Union

Community First Credit Union

Community Mutual Ltd

Firefighters & Affiliates Credit Co-operative Ltd

  • Emergency Services Credit Union
  • Firefighters Credit Union
  • Fireys CU
  • IMG Credit Union

IMB Ltd

  • The Shire

Intech Credit Union

  • Telstra Credit Union

Maritime, Mining & Power Credit Union

  • Collie Miners Credit Union
  • Reliance Bank

MCU Ltd

  • Maleny Credit Union

MyState Bank Ltd

  • The Rock

Police Bank

  • Customs Bank

Sydney Credit Union

  • Comtax Credit Union
  • Karpaty Ukrainian Credit Union
  • Security Credit Union

Teachers Mutual Bank

Transport Mutual Credit Union

  • RTA Credit Union

Of course, there is a great deal of vertical integration within insurance and other wealth management businesses as well. When it comes to banking though, a great way to check who owns your financial institution is to check your institution’s website and read the “about us” section carefully. If you?re still not sure, try ASIC’s list of Authorised Deposit-taking Institutions.

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