Australian Banking System (1)

this one will talk something about Australian Banking System
first of all, there are four big banks, all we can call it big four, of course, not the same as big four relates to accouting firm. the big four banks are ANZ (australian and new zealand bank), CBA (commonwealth bank), NAB (natioanal australian bank) and WEP (wespac bank). i have appied for all these banks debit card. but i have canceled NAB nad WEP. and ANZ card is my primary card. CBA is debit master card, so i can use it buy some stuff online, such as eBay.
these four banks are really huge, they all listed on the Fortune 500. they all the listed on the top 10 companies of australia. but the ranking order sometime changes, some years ago, NAB is the largest bank of Australia, but two years ago, CBA was the largest one, last year, ANZ was on the top. WEP's moto is the first bank of Australia, I think here first is means in timeline.
my first card in OZ is WEP card, then ANZ, after that is NAB, the last one is CBA.
australian banking system is a little different from China, there is a reserve bank in both China and OZ, but the different is, when reserve bank publishs the standard interest rate, the banks in China must follow it, but the banks in OZ don't. australian banks can adjust the interest rate reference to the reserve bank's interest rate, but not to follow it. and in most time, the banks' interest rate is higher that the standard rate. concequently, the interest rates are different among the australian banks. according to my own experience, maybe not accurate, in the term deposit aspect, ANZ is higher than the other 3 banks. 
and the services provided by the big four banks are almost the same, i think. debit card, credit card, term deposit, online banking, private banking, home loan, business loan and so on.
more details will be introduced tomorrow, i want to sleep now.....