Australia’s most awarded private bank (2024)

Consistently recognised as Australia’s best private bank, we’ve built relationships of confidence and trust with high net worth individuals and their families over generations. We are committed to providing outstanding personalised service and innovative global investment solutions to our clients.

We are proud to have received significant global recognition over the past decade, having earned 67 private banking awards since 2012.

This year, we have been awarded Best Digital Innovator of the Year in Australasia by Financial Times’ publication Professional Wealth Management (PWM) andagain named Best Private Bank Australia at the Global Private Banking Innovation Awards by Global Private Banker. Considered accolades of excellence and distinction, these awards celebrate elite levels of bespoke solutions, including the most innovative products and services for high net worth individuals and their families.

What makes an award-winning private bank?

At Westpac Private Bank, it is a number of factors:

Exceptional client experience delivered by a dedicated private banking team
A dedicated onshore team of lending specialists who are experts in the unique and often complex needs of high net worth clients
A high net worth investment proposition, providing clients with access to unique institutional and wholesale investment opportunities that are typically out of reach for individual investors due to their offshore location or investment minimums
A dedicated Chief Investment Officer and highly experienced investment team, to identify local and global market events and the impacts for investors, identifying key themes within these markets and filtering the noise to provide insights and actionable investment ideas
Creating a team of the best people in the industry, in a high performing and client centric culture

Why choose Westpac Private Bank?

What sets Westpac Private Bank apart is our highly personalised approach to helping Australian high net worth clients and their families succeed.

We offer clients a flexible model of engagement where they choose how they would like to be supported, and provide a range of personal, business and investment products and services, tailored to their preferences and goals.

Our clients work with a dedicated private banker for their banking and wealth needs and are supported by an extended team of specialists to assist with investments, lending, foreign exchange and transactional banking requirements.

When you collaborate with Westpac Private Bank, we help you manage your banking and wealth needs by focusing on what is most important to you.

We're here to help you succeed

We welcome the opportunity to discuss how Westpac Private Bank can help you build on your success.Leave your detailsand our team will be in touch.

Recent highlights:

2024:Australia's Best Domestic Private Bank,Euromoney Global Private Banking Awards
2024:Australia's Best for High-Net-Worth, Euromoney Global Private Banking Awards
2024:Australia's Best for Digital Solutions,Euromoney Global Private Banking Awards
2024:Australia's Best for Investment Research,Euromoney Global Private Banking Awards
2024:Best Private Bank for Digital Client Experience,Wealth Tech Awards (Global Private Banker)
2024:Best Global Private Bank for Self-Directed Investment,Wealth Tech Awards (Global Private Banker)
2024: Best Private Bank for Sustainable Investing in Asia Pacific, World’s Best Private Banks Awards (Global Finance)
2024: Best Private Bank for Women Clients globally, World’s Best Private Banks Awards (Global Finance)
2023: Best Private Bank for Customer Service - Australasia, Professional Wealth Management / The Banker Global Private Banking Awards (Financial Times)
2023:Best Digital Innovator of the Year in Australasia, PWM Wealth Tech Awards (Financial Times)
2023:Best Private Bank Australia, Global Private Banking Innovation Awards (Global Private Banker)
2022: Best Private Bank Australia, Global Private Banking Innovation Awards (Global Private Banker)
2022: Best Performing Private Bank – Australasia, Professional Wealth Management / The Banker Global Private Banking Awards
2021, 2020, 2019, 2018, 2017, 2016, 2015: Best Private Bank Australia, Professional Wealth Management /The Banker Global Private Banking Awards
2019: Wealth Management Experts of the Year, Australian Enterprise Awards
2019: Best Private Bank in Australia, Global Finance Awards
2019: Best Private Bank in Australia, International Business Magazine
2018: Wealth Management Firm of the Year, AI International Finance Awards
2018: Private Bank of the Year, Asia Pacific, Wealth and Finance Awards
2018: Leading Experts in Financial Planning, Wealth and Finance Awards
2018: Best Private Bank in Australia, Global Finance Awards
2018: Best Private Bank for UNHW Clients, Euromoney Private Banking and Wealth Management
2018: Best Wealth and Management Company, Australian Enterprise Awards

FAQs

What is the best private bank in Australia? ›

6 Best Private Banks in Australia

Commonwealth Private.
ANZ Private Bank.
Westpac Private Bank.
National Australia Bank Private Wealth.
Macquarie Private Bank.
HSBC Global Private Banking.

Apr 9, 2024

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What bank do millionaires use in Australia? ›

The Macquarie difference – and the reason we are consistently considered Australia's most outstanding Private Bank – is that we deeply understand the expectations and aspirations of high net worth Australians. And we know how to work with you.

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Which bank was voted best in Australia? ›

What are the Best Banks in Australia?

Commonwealth Bank of Australia (CBA) ...
Westpac Banking Corporation. ...
Australia and New Zealand Banking Group (ANZ) ...
National Australia Bank (NAB) ...
Bendigo and Adelaide Bank. ...
Macquarie Bank. ...
ING Australia.

Which is the most powerful private bank? ›

HDFC Bank, formed in 1994 as a subsidiary of Housing Development Finance Corporation (HDFC), ranks first among the top private banks in India. Also, based on market capitalisation and assets, it is the largest private bank in India. HDFC Bank offers multiple personal banking services.

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Which Australian bank is the richest? ›

Commonwealth Bank of Australia (CBA)

It is the largest of the banks in Australia and offers a diversified range of financial products and services. It currently provides retail, business, institutional banking, and wealth management products and services to its 16.6 million customers.

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What is the biggest privately owned bank? ›

MidFirst Bank is the largest privately owned bank in the United States with $36.9 billion in assets. We offer our customers personal, commercial, trust, private banking, wealth management and mortgage products backed by $3.6 billion in capital and reserves, and more than $16 billion in available liquidity.

What are the Tier 1 banks in Australia? ›

Ranking the Big Four Banks

Rank	Big Four Bank	Market capitalisation (billions)
1	CBA	$201.53
2	NAB	$107.57
3	Westpac	$90.80
4	ANZ	$88.42

Apr 22, 2024

Which bank is most secure in Australia? ›

Global Finance used ratings from Moody's, Standard and Poor's (S&P) and Fitch to come up with the rankings. According to Global Finance, the safest bank in Australia in 2023 was Commonwealth Bank. This list was unchanged from 2022.

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What banks do millionaires use in Australia? ›

But in terms of having the greatest proportion of customers which fall into the top 10 per cent of wealthiest Aussies, Macquarie Bank leads the pack. Also read: Should accounting firms face the royal commission? Citibank, St George and ING follow close behind.

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What is the best Private Bank for wealthy people? ›

Citibank's Citigold Private Client (CPC) program has been named the "Best Bank for High-Net-Worth Families" by Kiplinger's for five consecutive years. This prestigious recognition highlights Citibank's commitment to providing exceptional service and comprehensive wealth management solutions to affluent clients.

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Where do millionaires keep their money if banks only insure 250k? ›

Millionaires can insure their money by depositing funds in FDIC-insured accounts, NCUA-insured accounts, through IntraFi Network Deposits, or through cash management accounts. They may also allocate some of their cash to low-risk investments, such as Treasury securities or government bonds.

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What bank has the best private banking? ›

J.P. Morgan Private Bank has once again been named “Best Private Bank in the World” as well as “Best Private Bank in North America.” Thomas Monteiro, writing for Global Finance Magazine, commented: “This year's volatile macroeconomic backdrop did not phase our back-to-back award winner, J.P. Morgan.

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Which bank is best for foreigners in Australia? ›

National Australia Bank (NAB)

NAB has a special bank account tailored for foreigners and expatriates in Australia, known as the NAB Classic Banking Account. It has no minimum monthly deposits, no overdrawn fees and no ATM withdrawal fees at over 4,000 ATMs across Australia.

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What is the most secure bank account in Australia? ›

Which Australian Bank is the safest by credit risk?

Rank	Bank name	Fitch Rating
1st	Commonwealth Bank of Australia	A+
2nd	ANZ Group	A+
3rd	National Australia Bank (NAB)	A+
4th	Westpac	A+

5 more rows

Mar 15, 2024

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What are the top 4 banks in Australia? ›

Australia's banking sector is dominated by four major banks collectively known as the 'Big Four' – Commonwealth Bank of Australia (CBA), Westpac, National Australia Bank (NAB), and Australia and New Zealand Banking Group (ANZ).

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