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Help Volt Bank supercharge your banking experience

There was great news last week for Australians craving for more competition in our banking sector with the announcement that Australia’s first digital bank had been granted a full, unrestricted banking license by the regulator, APRA.

This is a huge milestone and has been a long time in the making. Volt Bank can now accelerate its plans to launch products direct to consumers, starting with transactions accounts and term deposits and then building up to loan products including home loans.

In the interim, they have launched Volt Labs – an app which allows people to register their interest in signing up in the future and connecting up to the growing Volt Bank community.

The community features are a great way to get involved and be a part of shaping the bank’s products and services. You can “have your voice heard, submit ideas and be the first to test features and products.”

The full-banking license has been well earned by Volt – they have had to work hard to prove to APRA that they can operate as a proper bank – which is a good thing, as increased competition should not compromise our robust financial services sector.

Volt is led by an experienced team of banking executives including their CEO Steve Weston, who have been spurred on by the findings from the Banking Royal Commission: “Our mission is simple; to empower people and make financial services easier. It’s about giving Australians a fundamentally different banking experience, one that is honest and fair.”

So get involved, download Volt Labs on iOS or Android and help shape the future of banking in Australia.

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1 comments on Help Volt Bank supercharge your banking experience
David Trevor
  • Jan 29 2019
Australia needs a bank which can provide mortgage holders with simple straight forward products, such as a low interest rate loans with no confusing comparison rates ,and offsett accounts with no extra fees and charges . The bank makes it's profit from it's interest rates not fees and charges! Australians shouldn't be charged to save their own money in bank accounts , once again the bank uses that money to make money through loans and investments not fees and charges.Also credit card rates need to be brought down dramatically they are way to high. If banks want to be responsible lenders give their clients the best products and advice on how to pay off their loans as qucikly as possible , this will lead to clients then having higher amounts in their savings accounts or term deposits, this can only be a good thing that would more then likely lead to repeat business for the bank through existing clients or new business through word of mouth which is the best and most cost effective advertising any business can have.

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