Why it could be harder for neobanks to launch in Australia Following Xinja's exit, NAB's planned purchase of 86 400, and Volt still not having a publicly live product, requirements for new bank launches have tightened. By Harrison Astbury ● March 19, 2021
Xinja says farewell as all customer deposits returned Neobank Xinja has completed its return of all customer deposits, ahead of returning its banking license in a few weeks' time.
Neobank Xinja to hand back banking licence, will no longer offer bank accounts Embattled neobank Xinja has decided to pull the plug on its bank account products, meaning it will no longer offer savings and transaction accounts.
Xinja to limit its maximum interest rate to $50,000 Xinja will soon cut the maximum interest-earning balance limit on its savings account by two-thirds.
Xinja to cut savings rate to 1.50% p.a Neobank Xinja is the latest bank to announce an interest rate cut, slashing its 'Stash' interest rate by 15 basis points next week.
86 400 to halve savings account deposit limit for its maximum interest rate Neobank 86 400 has made a significant change to its savings account, cutting in half the maximum deposit limit.
Xinja to expand product suite with US share trading Xinja Bank is expanding its product suite, launching a US share trading service called "Dabble" for existing customers.
Neobanks' profiles drop in wake of COVID-19 Analysis released today revealed neobanks have had their media mentions drop by three quarters in the COVID-19 period. By Harrison Astbury ● June 24, 2020
RAMS shears 45 basis points off "high-interest" savings account Popular bank RAMS has cut its once highly-competitive savings account rate by a significant amount.
Neobank Xinja cutting Stash savings account rate to 1.80% Xinja will drop its Stash savings account rate from 2.25% p.a. to 1.80% p.a.