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Volt Bank information


Volt Bank Limited
Company typeUnlisted public company
Traded as
Volt Bank
IndustryBanking, Financial services
Founded2017
Defunct2022
HeadquartersSydney, Australia
Area served
Worldwide
Key people
Steve Weston (CEO)
Number of employees
100[1]
Website
  • voltbank.com.au

Volt Bank was an Australian consumer neobank, the first such bank to be issued with a restricted ADI licence by APRA.[2][3] In June 2022, the bank announced it would permanently close its deposit-taking business and voluntarily return its banking licence, citing funding issues.[4]

Headquartered in Sydney, Australia, the bank was founded in 2017 and was granted a full licence to operate as an authorised deposit-taking institution (ADI) on 21 January 2019. Volt used BSB 517000.[5][6][7]

  1. ^ "Meet the Team". Volt Bank. Retrieved 22 January 2019.
  2. ^ Moullakis, Joyce (8 May 2018). "APRA grants first local digital licence to volt bank". AFR. Retrieved 10 May 2018.
  3. ^ Duran, Paulina. "Australia grants first banking license to online startup". Reuters. Retrieved 11 May 2018.
  4. ^ "ROD - Home page - Volt Bank". voltbank.com.au. 9 June 2022. Retrieved 28 June 2022.
  5. ^ McLean, Ben. "APRA grants new authorised deposit-taking institution licence to volt bank". APRA. Retrieved 22 January 2019.
  6. ^ Yates, Clancy (22 January 2019). "Volt Bank first neo-bank to get full banking licence". SMH. Retrieved 22 January 2019.
  7. ^ Banney, Alison (22 January 2019). "It's official: Volt Bank receives full banking licence, becoming Australia's first neobank". Finder.com.au. Retrieved 22 January 2019.

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