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Australian banks vary from state to state, although cards for most banks will be accepted nationally.
The first Australian bank was established in 1817 in Sydney. For many years the number of banks in Australia remained small, staying with one bank for each state and a central Reserve Bank. The recent development of internet-based banking has changed the banking market dramatically in Australia, and now consumers have a number of banking options regardless of what area they live in.
Dissatisfaction with the large banks has led to some communities founding their own banking co-operatives, with the help of middle-sized Bendigo Bank. New immigrants to Austraia may be surprised at the tiny interest returns and multiple fees most banks offer. It is possible to deposit money into an account and return a month later to find it has all been used up in bank fees.