Directory of neobanks in Australia

86400

Status: Live

86400 banking products

  1. Transaction account
  2. Savings account

86400 features

  1. Financial dashboard to track all your financial products
  2. Reminds you of upcoming bill payments

Read more about 86400


Douugh

Status: Not yet launched

Douugh features

  1. Will provide a financial dashboard.
  2. Will provide savings and spending automation.
  3. Will have a “personal financial assistant”
  4. Looking like a solid SaaS product.

Read more about Douugh


Revolut

Status: Limited release

  1. Personal accounts with international transactions
  2. Budgeting tool
  3. Currency conversion
  4. Crypto wallet

Read more about Revolut


Up Bank

Status: Live

Up Bank banking products

  1. Transaction account
  2. Sub-accounts/Buckets linked to the main account

Up Bank features:

  1. Lots of emojis
  2. Spare change roundup to save to your buckets
  3. Free international currency transactions
  4. Strong foreign exchange rate game

Read more about Up Bank


Volt Bank

Status: Not yet launched

Volt Bank features:

Nothing concrete mentioned yet

Read more about Volt Bank


Xinja

Status: Not yet launched

Xinja bank products:

  1. Prepaid international travel card

Xinja bank features

Nothing really stands out

Read more about Xinja



Neobank Current status Standout feature
86400 Live Reminds you of upcoming bills
Douugh Not yet launched Could be the first-of-its-kind banking Saas product
Revolut Limited release Experienced player with 3 million European customers. Expect them to launch with a slick product while the others are fine-tuning theirs.
Up Bank Live "Millennial friendly" aka we have GIFs and memes
volt bank Not yet launched Nothing yet
Xinja Not yet launched Nothing yet

What did you think?