Bank Australia Limited (formerly bankmecu) is a customer owned bank headquartered in Melbourne with national lending and contact centres in Gippsland. With approximately 340 full-time equivalent employees and 135,000 customers, it operates through 24 branches and 3,000 RediATMs across Australia. It focuses on retail banking and offers transaction and savings accounts, term deposits, consumer and commercial loans, car and home loans, credit cards, phone and online banking as well as personal and business insurance products including motor and pleasure craft insurance, home and contents insurance, landlord insurance, renter's insurance, health and travel insurance. Moreover, you can make deposits through Australia Post. The company was formerly known as bankmecu and changed its name to Bank Australia in August 2015. Bankmecu was previously known as Members and Education Credit Union. More than 50% customers consider Bank Australia to be their main financial institution. 86% customers are satisfied or extremely satisfied with Bank Australia. Less than 7% reported being dissatisfied. As of June 30, 2016, it had $4.039 billion in total assets, $3.4 billion in customer deposits, and $3.2 billion in customer loans. Bank Australia is trading name of mecu Limited.

Savings accounts Rates

Account Interest rate
Online Saver 1.65% p.a.
Christmas Saver 0.75% p.a.
Bonus Saver 2.60% p.a.
mySaver 2.60% p.a.

Credit Ratings (January 2017):
Standard and Poor’s:
Short-term: A-2
Long-term: BBB+, stable outlook

Head office address:
222 High Street Kew
Kew, Victoria 3101
Phone: 132 888
BSB number: 313 140
Opening Hours: Mon – Fri, 9 am – 5 pm
Website: bankaust.com.au

Bank Australia Branches

104 Little Collins Street
Melbourne VIC 3000

280 Brunswick Street
Fitzroy VIC 3065

235 Springvale Road
Glen Waverley VIC 3150

399 Melton Highway
Taylors Lakes VIC 3038

171-175 Maroondah Highway
Ringwood VIC 3134

104 Mollison Street
Kyneton VIC 3444

327 Sturt St
Ballarat VIC 3350

75 Mostyn Street
Castlemaine VIC 3450

50 Moore Street
Moe VIC 3825

4 Wills Street
Bendigo VIC 3550

248 Commercial Road
Morwell VIC 3840

186 High Street
Maryborough VIC 3465

90 Hotham Street
Traralgon VIC 3844

197 Hare Street
Echuca VIC 3564

42 McCallum Street
Swan Hill VIC 3585

Bunda Street
Canberra ACT 2601

129 Eighth Street
Mildura VIC 3500

102 Gawler Place
Adelaide SA 5000

14-16 York Street
Sydney NSW 2000

3 Julius Avenue
North Ryde NSW 2113

University Drive,
Southport QLD 4215

Staff House Road
St Lucia QLD 4067

239 George Street
Brisbane QLD 4000

James Cook University
Student Services Mall
Townsville QLD 4811