Company Information

Get to know The Bank of South Australia

Originally founded in 1848 as The Savings Bank of South Australia, the institution has a long history in the region. It later became the State Bank of South Australia, which collapsed in 1991 and was subsequently rescued. The sound assets were acquired by Advance Bank, which was then acquired by St.George Bank in 1997. In 2008, St.George Bank merged with Westpac Banking Corporation. Today, BankSA operates as a distinct brand and division of Westpac, maintaining its strong local identity and focus on serving customers in South Australia and the Northern Territory with personal, business, and corporate banking solutions.

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Financial BankingPRIMARY
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The Bank of South Australia

Australia

Founded in

11 3月 1848 (178 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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FSCA

FSC

ASIC

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.