BankCollapsedEst. 2017
Volt Bank
AU · Sydney · APRA (license revoked Sept 2022)
Volt Bank is a Bank based in AU (Sydney), regulated by APRA (license revoked Sept 2022). The institution's BaaS program is currently collapsed, launched in 2017.
Volt Bank supports the following products and services: Formerly: Accounts, Payments. The bank serves customers across Australia.
Notable fintech partners include BTC Markets (former).
Profile
- Products Supported
- Formerly: AccountsPayments
- Geographies Served
- Australia
- Charter / Regulator
- APRA (license revoked Sept 2022)
- API Standards
- REST API
- Minimum Deal Size
- Not publicly disclosed
- Year Program Launched
- 2017
Notable Fintech Partners
BTC Markets (former)
Regulatory Actions Summary
APRA revoked ADI license (Sept 2022) following voluntary closure
Notes
WARNING: Collapsed June 2022. Returned all $107M deposits to ~5,730 customers. First entity to receive APRA Restricted ADI license (2018).
Unable to secure funding amid 2022 market disruption. Entered solvent liquidation.
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