Tyro payments is an Australian neobank that is aimed entirely to the Small and Medium Business market, offering their customers the following products:

• EFTPOS: Businesses can accept electronic fund transfers, through a point of sale, for any transactions, also supporting contactless payments for the hospitality industry.
• Support for e-commerce platforms for internet sales, including fraud protection
• An app for accessing the customer’s account from mobile devices
• Loans for businesses, of up to AUD 100,000 for first-time borrowers and up to AUD 120,000 if this is a second-time loan.

For further information, please log on to https://www.tyro.com/

What exactly is Up Bank?

Up Bank is a Melbourne-based neobank, whose sole focus as of today is the individual Aussie segment, especially aiming to those customers who are willing to enter an only smartphone-based banking model. This means, in other words, that Up will not be having any physical branches nor telephone support. 

Up's spending account has no maintenance fees or additional fees for foreign transactions (in case of making or receiving payments overseas) and gives customers detailed reports about their transactions.

Up offers, besides, a checking account for customers’ normal spending and an additional savings account for long-term investments. The checking account is managed through a mobile platform (available on iOS and Android), as this neobank offers a variety of tools that let customers manage their money and expenses.

For further information, please log on to https://up.com.au/

What exactly is Volt Bank?

Volt Bank is a neobank, whose sole focus as of today is the individual Aussie segment, especially aiming to those customers who are willing to enter an only smartphone-based banking model. This means, in other words, that Volt will not be having any physical branches nor telephone support. 

As customers join Volt Bank’s waiting list (as Volt is currently in Beta phase), they will be able to register for the Volt Savings Account and Volt App, but not in a straight-forward way: have t log on to to Volt’s website and enter data such as name and email address, for Volt to send them an email with a link to download the app, whether these customers use iOS or Android.

Once customers have downloaded the app, they will be able to sign up to an account, but still they are required to supply a few additional personal details including, for example, their tax file number.   

For further information, please log on to https://www.voltbank.com.au/

What exactly is Xinja Bank?

Xinja Bank is a neobank, whose sole focus as of today is the individual Aussie segment, especially aiming to those customers who are willing to enter an only smartphone-based banking model. This means, in other words, that Xinja will not be having any physical branches nor telephone support. 

As customers join Xinja, they will be able to access a bank account and a savings account; as stated in their Product Roadmap, Xinja will be offering Personal Loans, Home Loans and the chance to send and receive international payments during Q4, 2020.

For further information, please log on to https://xinja.com.au/

What exactly is 86400?

86400, apart from being the amount of seconds a day has, is a neobank that lets customers operate directly from their smartphone, and it offers two accounts, named Pay and Save. 

86400 promises customers to be able to sign up for an account immediately, because of the claimed overall simplicity and ease of use while welcoming new customers, who will be operating with almost no associated charges (just a card replacement fee of AUD 50). Another good feature of 86400 is the wide variety of payment options available: customers can pay using alternative methods, such as Apple Pay, Google Pay, or Samsung Pay – they can even use Fitbit Pay and Garmin Pay.

For further information, please log on to https://www.86400.com.au/

Judo is an Australian-based challenger bank which is aimed to the small and medium business and entrepreneurial market, whose focus is not only to provide with savings options (Personal and Business-related deposits), but also this bank offers to support these businesses through loans for diverse purposes, such as repayable loans, credit lines, loans for purchasing vehicles and/or equipment or, if required, leasing options for such vehicles and/or equipment are also available.

One of Judo’s offers is the availability of physical branches (for accounts opening and customer support) in three main cities across Australia, such as Sydney, Brisbane, Perth and Melbourne.

For further information, please log on to https://www.judo.bank/