Tasmania is currently the largest island in Australia
, spanning more than 60,000 square kilometres. Second on the list is nearly 10x smaller, with Melville Island covering around 5,500 square kilometres off the coast of the Northern Territory.
Most of the banks situated in Tasmania are also found on the mainland, such as Westpac, Bendigo Bank and ANZs
. However, there is a single bank that solely operates in Tasmania, being MyState Bank
As Tasmania is still in Australia, the Reserve Bank of Australia (RBA)
still governs the cash rate on the island.
Banks in Tasmania provide financial services including:
- Insurance policies including home, travel, and health insurance
- Home loans for first home buyers, investments, and renovations
- Credit cards for both personal and business use
- Bank accounts such as savings, term deposits, and offset
- Personal loans for travelling, cars, or debt consolidation
- Merchant services for small and large business
- International money transfers using SWIFT codes
SWIFT codes, initially developed by the SWIFT organisation
, are a wonderous piece of technology. To sum is up, without SWIFT/BIC codes, it would be near impossible to transfer money from overseas into a bank account in Tasmania.
The most popular SWIFT codes in Tasmania
belong to the following banks:
Below, you'll find an accurate list of all the operational banks in Tasmania. Clicking on their logo/name will take you to another page detailing various information including head office locations, branch addresses, opening hours, and contact information.
We are continuously looking to improve this website, so if you think we've made a mistake on one, feel free to contact us!
ANZ Bank Tasmania have a modest market share, with 20 branches total around the island. 14 of them in Hobart and Launceston.
B&E Bank Tasmania are another bank that solely operates in Tasmania instead of the mainland, with 8 branches around the island.
Bank of Queensland (BOQ) Tasmania opened its first branch in the state back in 2006. Surprisingly it chose Launceston ahead of Hobart initially.
Bendigo Bank Tasmania currently operate 20 branches across the state, with locations in St Helens, Hobart, Sorell, and much more.
Commonwealth Bank Tasmania are on of the largest banks, not only on the mainland, but in Tasmania as well.
MyState Bank Tasmania is one of the banks that solely operates on the island, and not anywhere on the mainland itself.
NAB Tasmania staff eight operational branches around the island, with the majority situated south side, near Hobart and its surrounds.
Rabobank Tasmania focuses on servicing the rural areas of the state with their four branches around the island.
Suncorp Bank Tasmania operates just a single branch in the state, located in the city of Hobart with a population of 210,000.
Westpac Bank Tasmania operate 12 branches around the island. Four in and around the area of Hobart, with most of the others further north.
Every so often there are some news regarding certain banks in Tasmania that's so interesting, we'll take the time to inform you below.
Looking for a specific piece of information? Let us know and we'll see what we can do!
ANZ have cited changes in customer behaviours as the reason the bank if being forced to close its only New Norfolk branch.
B&E Bank in Tasmania are currently running an awesome competition where you can win a Toyota Corolla!