Join Us

Learn about our customer-owned structure, the benefits of Regional Australia Bank membership and find out how you can join us!

What is a customer-owned bank?

Most banks exist purely to generate profits that increase share prices and dividends for their investors. Unfortunately, that usually comes at the cost of their customers.

Unlike the big banks, our customer-owned structure means our customers are our shareholders. When you join us and open an account you also buy a share in Regional Australia Bank and become a member. Its called mutual banking.

It works too: Roy Morgan Research has found that customer satisfaction in the mutual banking sector was 91.0% (as of October 2016), well above the big four’s average of 79.5%.1


What are the benefits of membership?

Every one of our members is both a customer and a shareholder, so we aren't concerned about share prices and dividends. We exist for the financial well-being of our members and the sustainability of our communities.

Our profits are reinvested back into delivering value for you, including:

  • competitive rates
  • fairer fees
  • outstanding customer service
  • and a commitment to invest at least 5% of our profits back into the grassroots of our communities

Being 100% customer-owned means we're 100% focused on you.


How do I become a member?

When your application is approved we'll open your membership for you. As part of your membership we'll also open you an eFree everyday transaction account and waive the usual under 25 age restriction. The funds from your loan will be made available in this account.

Your eFree account offers unlimited transactions by Eftpos, ATMs, Internet Banking and our Mobile App with no monthly account keeping fees.2


How do I pay for my share?

When your membership is opened we'll debit your eFree account $10 to pay for your share in Regional Australia Bank. This debit will be covered when the funds from your loan are made available in the eFree account. Your share isn't a fee, it's fully refunded if you decide to close your membership with us.

You can request to close your membership at any time. Just let us know and your membership and accounts will be closed and the cost of your share will be refunded to you.



1 Source: Roy Morgan Research "Satisfaction with big four banks declines in October"

2 No withdrawal fees at Regional Australia Bank ATMs and ATMs that are a part of the Westpac Network within Australia. Transactions at other institutions' ATMs may incur a fee. A Staff Assisted Fee may apply for transactions undertaken in branch or over the phone. Excludes third party charges from other institutions.