Australian banks are financial institutions that provide a range of services, including savings and checking accounts, loans, and investment options. The banking sector in Australia is dominated by four major banks: Commonwealth Bank, Westpac, ANZ, and NAB. These banks are known for their stability and are regulated by the Australian Prudential Regulation Authority (APRA) to ensure they operate safely and soundly. In addition to the major banks, Australia has a variety of smaller banks, credit unions, and building societies that cater to specific customer needs. The banking system in Australia is characterized by a strong emphasis on customer service and digital banking, making it convenient for users to manage their finances online or through mobile apps.