Banana Wings has won the Nova Award for Best Fanzine five times. It has also won the FAAn Award for Best Fanzine twice, in 2007 and 2010. It has been published from the 1990s and throughout the 2000s.
While many of the contributors are British, such as Tanya Brown, Graham Charnock, Dave Langford (Ansible), Max, Catherine Pickersgill, Greg Pickersgill (Rastus Johnson's Cakewalk), and Maureen Kincaid Speller, Banana Wings enjoys a readership on both sides of the Atlantic and in Australia.
Other contributors include Michael Abbott, James Bacon, Sandra Bond (QuasiQuote), rich brown (crifanac), Cardinal Cox, Chris Garcia (The Drink Tank, Journey Planet), John Hertz, Irwin Hirsh (Thyme), Tony Keen, Paul Kincaid (Vector), Robert Lichtman (Trap Door), Curt Philips, David Redd, Ang Rosin, Yvonne Rousseau (Australian Science Fiction Review (second series)) Andy Sawyer, James Shields, Steve Stiles, Shelby Vick (Confusion), Taral Wayne (DNQ), and Pete Young (Zoo Nation).