Country hub / Australia
Financial apps and digital money services in Australia.
Nine approved records span personal and business bank deposits, a limited purchased-payment-facility ADI, bank-guarantee wallets, a pooled payment facility and a crypto platform. Start with the legal holder of the money, not the app label.
Direct answer
Up and Ubank are the direct personal bank-deposit records in this approved set.
Their accounts are issued by Bendigo and Adelaide Bank and NAB respectively, so FCS aggregation follows those licences. Wise has a limited PPF authorisation; Revolut and Airwallex use bank guarantees; PayPal is FCS-exempt; Coinbase's fiat and crypto are outside FCS.
Product classification
ADI deposit, PPF, bank guarantee and crypto custody are different records.
Australia coverage resolves the issuing entity and protection mechanism before comparing features.
Direct ADI deposit
Up and Ubank deposits sit with Bendigo and Adelaide Bank and NAB under their respective licences.
Limited PPF ADI
Wise's authorisation is limited to purchased payment facilities; its multicurrency product is not presented as classic banking.
Guaranteed or pooled wallet
Revolut and Airwallex use bank guarantees; PayPal pools funds but explicitly remains FCS-exempt.
Crypto platform
Coinbase's agreement explicitly excludes both fiat and digital assets from the FCS.
Verified AU comparison
Change the job, not the evidence.
These controls only reorder approved market records. Legal entity, product class, protection wording, source date and confidence stay fixed.
Personal deposits: Prioritises direct ADI-issued deposits and retains licence-level aggregation.
| Provider | Product type | Market status | Legal entity | Protection model | Evidence | Compare |
|---|---|---|---|---|---|---|
| UpMobile-first personal transaction and savings accounts issued by an Australian ADI. | australian bank digital personal account | available with personal eligibility and product conditions | Bendigo and Adelaide Bank Limited | Eligible deposits are held directly with Bendigo and Adelaide Bank Limited.The FCS limit aggregates Up with eligible Bendigo Bank, Adelaide Bank, Rural Bank and related deposits under the same licence. | 5 source records | |
| UbankPersonal spending and conditional bonus-interest savings within the NAB licence. | australian bank digital personal account | available with personal eligibility and product conditions | National Australia Bank Limited | Eligible deposits are held directly with National Australia Bank Limited.The FCS limit aggregates Ubank and all other eligible NAB deposits; the advertised interest cap is not a protection limit. | 5 source records | |
| CommBankDirect Australian business deposits, electronic banking and conditional cash or branch use. | australian adi bank business transaction and foreign currency accounts | available with business structure registration identity authority channel fee and acceptance conditions | Commonwealth Bank of Australia | Eligible deposits are held directly with Commonwealth Bank of Australia.FCS activation, depositor, capacity, product and same-ADI aggregation conditions apply. | 7 source records | |
| NABDirect Australian business deposits with electronic, assisted, cash and cheque channels. | australian adi bank business and personal foreign currency account | available with business structure registration residency identity authority channel fee and acceptance conditions | National Australia Bank Limited | Eligible deposits are held directly with National Australia Bank Limited.The FCS limit aggregates Ubank and other eligible NAB deposits under the same licence. | 7 source records | |
| RevolutPersonal e-wallet, card and currency tools under the current Australian product. | afsl e wallet with bank guarantee | available as e wallet with pending bank licence application | Revolut Payments Australia Pty Ltd | An Australian ADI bank guarantee is held through GLAS for account holders.The current product is an e-wallet; a pending APRA licence application does not make it a bank deposit. | 3 source records | |
| WisePersonal or business multicurrency holding, receiving, card and transfer workflows. | limited adi purchased payment facility and multicurrency account | available for eligible personal and business customers with product and route conditions | Wise Australia Pty Ltd | Purchased-payment-facility money uses Wise's safeguarding model.Wise has a limited PPF ADI authorisation, not an unrestricted bank account; Interest is a separate capital-at-risk investment. | 7 source records | |
| PayPalOnline checkout, personal transfers and merchant payment workflows. | purchased payment facility wallet | available with account and transaction conditions | PayPal Australia Pty Ltd | Pooled balances are deposited with a licensed Australian bank.PayPal's disclosure says its purchased payment facility is exempt from the Financial Claims Scheme. | 4 source records | |
| AirwallexEligible Australian businesses managing multicurrency collections, spend and transfers. | business finance platform with bank guarantee | available for eligible australian businesses | Airwallex Pty Ltd and Airwallex SVF Pty Ltd | APRA-regulated bank guarantees over wallet balances are held through GLAS.Airwallex is not a bank; the guarantee model and separate Yield investment are not direct FCS-covered deposits. | 4 source records | |
| CoinbaseBuying, selling, holding and transferring supported digital assets. | afsl virtual asset and remittance platform | available with product asset and payment method conditions | Coinbase Australia Pty Ltd | Custody and platform terms apply without an FCS deposit-insurance label.Coinbase states that Australian fiat and digital assets are not protected by the Financial Claims Scheme. | 3 source records |
Up
australian bank digital personal account- Market status
- available with personal eligibility and product conditions
- Legal entity
- Bendigo and Adelaide Bank Limited
- Product note
- Up is a brand of Bendigo and Adelaide Bank Limited, which issues the Up Everyday and Saver deposit accounts. The cited personal products are for individuals aged over 16 and are not available for business use.
- Protection model
- Eligible deposits are held directly with Bendigo and Adelaide Bank Limited.The FCS limit aggregates Up with eligible Bendigo Bank, Adelaide Bank, Rural Bank and related deposits under the same licence.
View legal and product sources
Ubank
australian bank digital personal account- Market status
- available with personal eligibility and product conditions
- Legal entity
- National Australia Bank Limited
- Product note
- Ubank is part of National Australia Bank Limited, which issues the cited Spend and Save accounts. Deposits aggregate with other NAB deposits for the Financial Claims Scheme and rates remain conditional.
- Protection model
- Eligible deposits are held directly with National Australia Bank Limited.The FCS limit aggregates Ubank and all other eligible NAB deposits; the advertised interest cap is not a protection limit.
View legal and product sources
CommBank
australian adi bank business transaction and foreign currency accounts- Market status
- available with business structure registration identity authority channel fee and acceptance conditions
- Legal entity
- Commonwealth Bank of Australia
- Product note
- Commonwealth Bank of Australia directly provides the cited Business Transaction Account and Business Foreign Currency Account. Eligible AUD deposits can enter the FCS framework if activated, but APRA excludes foreign-currency deposits; currencies, interest, fees, authorities and payment services retain separate conditions.
- Protection model
- Eligible deposits are held directly with Commonwealth Bank of Australia.FCS activation, depositor, capacity, product and same-ADI aggregation conditions apply.
View legal and product sources
NAB
australian adi bank business and personal foreign currency account- Market status
- available with business structure registration residency identity authority channel fee and acceptance conditions
- Legal entity
- National Australia Bank Limited
- Product note
- National Australia Bank Limited directly provides the cited Business Everyday Account and a 16-currency Foreign Currency Account for eligible personal and business customers. Eligible AUD deposits aggregate for FCS purposes, but APRA excludes foreign-currency deposits; currencies, fees, authorities and payment services retain separate conditions.
- Protection model
- Eligible deposits are held directly with National Australia Bank Limited.The FCS limit aggregates Ubank and other eligible NAB deposits under the same licence.
View legal and product sources
Revolut
afsl e wallet with bank guarantee- Market status
- available as e wallet with pending bank licence application
- Legal entity
- Revolut Payments Australia Pty Ltd
- Product note
- The current personal product is a multicurrency e-wallet that can hold electronic money in different currencies and is protected by a bank guarantee held through GLAS. Revolut's APRA bank-licence application does not make the current account a bank deposit.
- Protection model
- An Australian ADI bank guarantee is held through GLAS for account holders.The current product is an e-wallet; a pending APRA licence application does not make it a bank deposit.
View legal and product sources
Wise
limited adi purchased payment facility and multicurrency account- Market status
- available for eligible personal and business customers with product and route conditions
- Legal entity
- Wise Australia Pty Ltd
- Product note
- Wise Australia is an APRA-authorised limited ADI for purchased payment facilities and holds AFSL 513764. Eligible personal and business customers can hold 40 or more currencies and obtain conditional receiving details in 22; ordinary balances and the separate capital-at-risk Interest investment retain different protection states.
- Protection model
- Purchased-payment-facility money uses Wise's safeguarding model.Wise has a limited PPF ADI authorisation, not an unrestricted bank account; Interest is a separate capital-at-risk investment.
View legal and product sources
PayPal
purchased payment facility wallet- Market status
- available with account and transaction conditions
- Legal entity
- PayPal Australia Pty Ltd
- Product note
- PayPal Australia may let personal and business customers hold and convert multiple currency balances. Customer balances are pooled at a licensed bank, but PayPal states that its purchased payment facility is exempt from the Financial Claims Scheme.
- Protection model
- Pooled balances are deposited with a licensed Australian bank.PayPal's disclosure says its purchased payment facility is exempt from the Financial Claims Scheme.
View legal and product sources
Airwallex
business finance platform with bank guarantee- Market status
- available for eligible australian businesses
- Legal entity
- Airwallex Pty Ltd and Airwallex SVF Pty Ltd
- Product note
- Airwallex Pty Ltd provides eligible Australian businesses with Global Account details and wallet collection and holding in 20 or more currencies under AFSL 487221, while Airwallex SVF arranges bank guarantees over wallet balances. Yield is a separate investment product.
- Protection model
- APRA-regulated bank guarantees over wallet balances are held through GLAS.Airwallex is not a bank; the guarantee model and separate Yield investment are not direct FCS-covered deposits.
View legal and product sources
Coinbase
afsl virtual asset and remittance platform- Market status
- available with product asset and payment method conditions
- Legal entity
- Coinbase Australia Pty Ltd
- Product note
- Coinbase Australia holds AFSL 569752 and AUSTRAC registrations for virtual-asset and remittance services. Its agreement states that digital assets and fiat are not protected by the Australian Financial Claims Scheme.
- Protection model
- Custody and platform terms apply without an FCS deposit-insurance label.Coinbase states that Australian fiat and digital assets are not protected by the Financial Claims Scheme.
View legal and product sources
0 selected locally.No matching comparison is published
Protection boundary
The FCS limit follows each account holder and ADI licence.
If activated by the Australian Government, the FCS protects eligible deposits up to AUD 250,000 for each account holder at each Australian-incorporated ADI. Deposits across brands operating under one licence must be added together.
That framework applies to eligible Up/Bendigo and Ubank/NAB deposits. This page does not attach the same label to Revolut or Airwallex guarantees, Wise safeguarding, PayPal balances, Coinbase assets or separate investment products.
Eligible ADI deposit
Verify the issuing ADI, account holder, product eligibility and all deposits under that licence.
Bank guarantee
A trustee-held guarantee supports a wallet claim but is not the customer's direct bank deposit.
PPF or pooled wallet
Authorisation and bank placement do not automatically create an FCS-covered balance.
Investment or crypto
Capital, custody and market risks remain separate from deposit protection.
Eligibility
Age, residence, business type and verification change access.
Up's cited accounts are personal-only for individuals over 16. PayPal and Coinbase require Australian customer scope and adult eligibility. Airwallex is business-only. Wise, Revolut and Ubank retain customer, product and verification conditions.
Read the Revolut reviewRead the Wise reviewFees and rates
Snapshots need the condition beside the number.
Ubank and Up rates are variable and conditional. Revolut and Wise fees change with plan, currency, timing and route. Airwallex plan waivers and Yield are separate. PayPal merchant and Coinbase trading costs depend on the exact transaction.
Payment rails
NPP, BECS, PayID and cards are market systems—not universal provider features.
RBA and AP+ records establish Australian infrastructure. Exact product, direction, limits, holds and fees still require provider evidence.
NPP
Australia market context. Confirm participation, product support, direction, security holds and current pricing.
BECS
Australia market context. Confirm participation, product support, direction, security holds and current pricing.
PayID
Australia market context. Confirm participation, product support, direction, security holds and current pricing.
card
Australia market context. Confirm participation, product support, direction, security holds and current pricing.
Source ledger
Every material Australia claim keeps its entity, source and date.
Sources were observed on 12 July 2026 and require launch-time and material-change reverification.
Up Australia source drawer
Up is displayed as australian bank digital personal account in Australia.
- Up identifies itself as a brand of Bendigo and Adelaide Bank Limited, which holds AFSL and Australian Credit Licence 237879.
- The page states that deposits with Up are protected under the Financial Claims Scheme, subject to the scheme and product terms.
- The terms were last modified 29 January 2026 when observed.
- Bendigo and Adelaide Bank Limited is the issuer of the Up Everyday, Saver and related cited deposit products.
- The cited personal accounts are for individuals over 16 for private or domestic use and exclude business use.
- The terms define NPP, Osko, PayID, BPAY and card functions but preserve product limits, holds, fees and security conditions.
- The observed schedule lists free unlimited direct debits, no Up international-transaction fee and a free digital debit card for the cited account features.
- The page lists variable Grow and Flow rates with balance caps and conditions; rates can change and are not universal account returns.
- It reiterates that eligible Up deposits aggregate with Bendigo and Adelaide Bank deposits under the FCS limit.
- APRA states that eligible deposits are protected up to AUD 250,000 for each account holder at each Australian-incorporated authorised deposit-taking institution if the Australian Government activates the Financial Claims Scheme.
- Coverage depends on the exact ADI, account holder, eligible account and aggregation across banking businesses operated under the same licence.
- Foreign-currency deposits and funds at non-ADI institutions are not covered by the general deposit statement.
- The register updated 1 July 2026 lists Bendigo and Adelaide Bank Limited, National Australia Bank Limited and Wise Australia Pty Ltd among Australian ADIs.
- Wise's authorisation is a purchased-payment-facility ADI authorisation and must not be rewritten as an unrestricted retail-bank licence.
- A trading name or product inherits no separate licence; the exact issuing entity and protection conditions remain required.
Ubank Australia source drawer
Ubank is displayed as australian bank digital personal account in Australia.
- Ubank identifies itself as part of National Australia Bank Limited, which issues the products and is an APRA-authorised ADI.
- Eligible Ubank deposits aggregate with other NAB accounts for the Financial Claims Scheme limit.
- The general terms preserve exact product, account, payment, set-off, eligibility and fee conditions.
- Ubank lists no monthly fees for the cited Spend accounts and no Ubank fee for domestic card purchases or ATM withdrawals.
- Merchants, ATM operators and other third parties may charge fees, and exact limits and payment conditions apply.
- The Spend account is a personal transaction account issued through the NAB entity rather than a separate Ubank licence.
- The observed schedule lists a 5.10 percent ongoing variable bonus rate from 12 May 2026 on eligible combined balances up to AUD 1 million when the monthly growth condition is met.
- An eligible new-customer welcome rate, account-count rules, offsets and balances above the cap use separate conditions.
- FCS coverage remains capped and aggregated at NAB; the interest-bearing balance cap is not a protection limit.
- APRA states that eligible deposits are protected up to AUD 250,000 for each account holder at each Australian-incorporated authorised deposit-taking institution if the Australian Government activates the Financial Claims Scheme.
- Coverage depends on the exact ADI, account holder, eligible account and aggregation across banking businesses operated under the same licence.
- Foreign-currency deposits and funds at non-ADI institutions are not covered by the general deposit statement.
- The register updated 1 July 2026 lists Bendigo and Adelaide Bank Limited, National Australia Bank Limited and Wise Australia Pty Ltd among Australian ADIs.
- Wise's authorisation is a purchased-payment-facility ADI authorisation and must not be rewritten as an unrestricted retail-bank licence.
- A trading name or product inherits no separate licence; the exact issuing entity and protection conditions remain required.
Revolut Australia source drawer
Revolut is displayed as afsl e wallet with bank guarantee in Australia.
- The current agreement is with Revolut Payments Australia Pty Ltd, which holds AFSL 517589.
- The account holds electronic money protected by a bank guarantee from an unnamed Australian ADI, with GLAS holding the benefit on trust for account holders.
- Revolut's APRA application for an ADI licence is pending; notification terms for a possible future bank product are not currently effective.
- The schedule lists AUD transfers to Australian bank accounts without a Revolut fee for the Standard plan.
- Exchange pricing changes after fair-use limits and outside market hours; crypto, metals, cards and third-party charges remain separate.
- The transaction preview and current plan terms must be checked before use.
- Revolut markets personal holding and exchange in 30 or more currencies together with local AUD receipt, international transfer and card features.
- The current legal terms, not the marketing account label, establish that the product is a virtual e-money wallet protected by the cited bank-guarantee trust structure.
- Plan, fair-use, weekend, transfer, card, ATM and third-party charges or limits remain separate and are controlled by the live plan and transaction preview.
Wise Australia source drawer
Wise is displayed as limited adi purchased payment facility and multicurrency account in Australia.
- Wise identifies Wise Australia Pty Ltd as ASIC-regulated under AFSL 513764 and APRA-authorised as a limited ADI for purchased payment facilities.
- Wise Australia is also an AUSTRAC reporting entity; Wise Australia Investments Pty Ltd is a separate AFSL entity for investment products.
- The limited PPF authorisation and a separate investment affiliate must not be rewritten as an unrestricted bank-deposit product.
- Wise lists personal and business transfers, currency holding, receiving details, card access and a separate Interest feature for eligible Australian customers.
- Availability counts and global coverage claims do not establish every currency, route, payment method or customer as eligible.
- Interest is an investment option with capital at risk and growth not guaranteed.
- Wise describes one multicurrency account with card and receiving-detail features rather than multiple bank accounts.
- It says customer money is protected through safeguarding rather than classic bank-account compensation schemes.
- Australian AUD receiving details are not described as a bank account and product-specific receiving restrictions apply.
- Wise Business supports conditional multicurrency receiving, holding, conversion, payments, cards, batch payments and team workflows for eligible Australian businesses.
- Wise Australia Pty Ltd provides the payment facility under its Australian regulatory permissions rather than as an unrestricted direct business bank account.
- Business verification, currencies, receiving details, cards, recipients, limits, investment features and support remain product- and customer-specific.
- The current page lists AUD 65 for all business features and receiving details, with sending and conversion fees starting from 0.63% on eligible routes.
- Holding ordinary supported currencies and eligible domestic receiving are listed without a fee; Swift, card, ATM and external-wallet actions retain separate pricing.
- Wise Interest is a separate capital-at-risk investment with its own annual fee and must not be presented as a guaranteed business deposit return.
- Wise lists ordinary holding in 40 or more supported currencies without a holding fee for eligible Australian customers.
- Conversion, sending, receiving, card and investment actions use separate pricing and eligibility rules; a supported holding currency does not imply local receiving details.
- The ordinary Wise balance is a purchased-payment-facility balance under Wise Australia's limited-ADI scope, not a conventional customer bank deposit.
- Wise lists account details for receiving 22 currencies, with eligible domestic receipts free in listed currencies and separate fixed fees for certain Swift receipts.
- A receiving detail's rail, supported sender, reference, intermediary fee and route depend on the currency-specific instructions shown in the account.
- The receiving detail and Wise balance remain payment-facility features and must not be presented as a direct deposit at the bank that provides a rail.
PayPal Australia source drawer
PayPal is displayed as purchased payment facility wallet in Australia.
- The agreement, last updated 10 June 2026 when observed, is between Australian account holders and PayPal Australia Pty Ltd.
- Individuals must be Australian residents aged at least 18; business accounts require an Australian organisation, operation or residence.
- Account, transaction, conversion, withdrawal, protection and eligibility terms remain product-specific.
- PayPal states that customer balances are pooled and deposited with a licensed Australian bank.
- It explicitly says PayPal's purchased payment facility is exempt from the Australian Financial Claims Scheme.
- The pooled-bank arrangement must not be converted into a direct deposit or FCS claim for the PayPal balance.
- The schedule last updated 9 February 2026 lists a standard 2.90 percent plus fixed fee for domestic commercial receipts and an additional percentage for international commercial transactions.
- Currency conversion, card processing, QR, dispute, payout and other product fees use separate rows and eligibility conditions.
- The current disclosure and transaction context must be checked before publishing or relying on a fee.
- PayPal may allow an Australian customer to hold balances in currencies other than Australian dollars and convert between eligible balances subject to limits and its transaction exchange rate.
- Withdrawals are generally in Australian dollars, with a conditional US-dollar withdrawal path to a linked US bank account; other balances require conversion before or during withdrawal.
- PayPal assigns currency fluctuation risk to the customer and prohibits speculative currency activity; the balance remains an FCS-exempt purchased payment facility.
Airwallex Australia source drawer
Airwallex is displayed as business finance platform with bank guarantee in Australia.
- Airwallex describes a business-only platform for eligible Australian organisations with multicurrency collection, transfer, card, payment and accounting features.
- Onboarding, entity type, ABN, currencies, destinations and individual features remain subject to verification and product conditions.
- The business-account label does not make Airwallex a bank or make Yield a deposit.
- The Explore plan was listed at AUD 29 per month or AUD 0 when the cited deposit-flow or wallet-balance condition is met; Grow was AUD 99 per month when observed.
- FX, transfers, payment acceptance, spend users and other transaction or product charges remain separate.
- Yield return figures are investment snapshots net of cited fees, carry capital risk and are not bank-deposit rates.
- Airwallex SVF Pty Ltd arranges bank guarantees from unnamed APRA-regulated banks over wallet balances.
- GLAS is the independent trustee holding the benefit of the guarantees for customers and may receive claims if Airwallex cannot repay due to insolvency.
- The bank-guarantee structure is not presented as a direct customer bank deposit or a blanket Financial Claims Scheme claim.
- Airwallex lists business Global Accounts with local bank details and wallet collection and holding in 20 or more currencies, plus conversion, local payout, Swift and corporate-card capabilities.
- The observed Explore price is AUD 29 monthly or AUD 0 when the stated monthly deposit-flow or combined-balance condition is met; FX, Swift and other transaction charges are separate.
- Global Account details feed an Airwallex wallet protected under the separate cited bank-guarantee structure; the details are not direct customer deposits and Yield is a separate investment.
Coinbase Australia source drawer
Coinbase is displayed as afsl virtual asset and remittance platform in Australia.
- The agreement, last updated 15 June 2026 when observed, is with Coinbase Australia Pty Ltd.
- Coinbase Australia holds AFSL 569752 and AUSTRAC virtual-asset and remittance registrations.
- The agreement explicitly states that digital assets and fiat are not protected under the Australian Financial Claims Scheme.
- The Australian table lists debit-card purchases and PayID or BSB bank-account deposits and withdrawals with different capabilities.
- The first PayID or BSB deposit may take longer because of bank security measures, and ownership-name matching applies.
- The generic method table does not guarantee acceptance, timing, limits, fees, asset availability or a named bank route.
- Coinbase calculates trading fees from payment method, order size, market conditions, jurisdiction and asset and displays them in the preview.
- Simple trades can include a spread, while Advanced order-book trading has a separate fee model; network and staking charges are distinct.
- No single percentage is published as a universal Australian trading cost.
CommBank Australia source drawer
CommBank is displayed as australian adi bank business transaction and foreign currency accounts in Australia.
- Commonwealth Bank of Australia directly provides the cited business transaction deposit account with AUD 0 or AUD 10 monthly fee options.
- Electronic transactions are listed without a fee, while assisted transactions, cheques, Quick Deposits, cash handling and other services have separate inclusions or charges.
- Online opening requests business registration and identity information and can require directors, beneficial owners or trustees to verify; a public checklist does not guarantee approval.
- The AUD 0 option includes no assisted transaction, cheque or Quick Deposit allowance; the AUD 10 option includes five specified assisted actions.
- The current table lists free electronic transactions and Australian CommBank ATM cash withdrawals but separate cheque, Quick Deposit, assisted, cash-handling and international charges.
- Current terms, transaction channel, account option and customer state control instead of a generic fee-free description.
- The current terms distinguish transaction-account fee options, access methods, authorities, cash handling, cheques, overdrawing, statements and account operation.
- A business debit card, NetBank or CommBiz access does not change deposit ownership, authority or FCS eligibility.
- The live account terms, banking-service terms and current fee schedule must be read together before opening or transacting.
- CommBank documents a business-only direct foreign-currency account that can hold, send and receive most freely convertible currencies without converting each payment to Australian dollars.
- The current product page lists no monthly account fee and conditional interest for selected currencies; payment, cash, conversion, correspondent and wholesale credit-deposit charges remain separate.
- Eligibility includes business use, an eligible CommBank AUD account and applicable ABN, ACN, ASIC registration and entity conditions.
- The terms effective 6 March 2026 identify Commonwealth Bank of Australia as issuer and govern personal and business foreign-currency account operation.
- Account authorities, deposits, withdrawals, interest, debit balances, fees, conversion, statements, holds and closure remain subject to the exact account and instruction.
- The direct-ADI product label does not create FCS coverage for a foreign-currency balance because APRA excludes foreign-currency deposits from the scheme.
- APRA states that eligible deposits are protected up to AUD 250,000 for each account holder at each Australian-incorporated authorised deposit-taking institution if the Australian Government activates the Financial Claims Scheme.
- Coverage depends on the exact ADI, account holder, eligible account and aggregation across banking businesses operated under the same licence.
- Foreign-currency deposits and funds at non-ADI institutions are not covered by the general deposit statement.
- The register updated 1 July 2026 lists Bendigo and Adelaide Bank Limited, National Australia Bank Limited and Wise Australia Pty Ltd among Australian ADIs.
- Wise's authorisation is a purchased-payment-facility ADI authorisation and must not be rewritten as an unrestricted retail-bank licence.
- A trading name or product inherits no separate licence; the exact issuing entity and protection conditions remain required.
NAB Australia source drawer
NAB is displayed as australian adi bank business and personal foreign currency account in Australia.
- National Australia Bank Limited directly issues the cited Business Everyday deposit account with AUD 0 and AUD 10 monthly fee options.
- Both options list standard electronic and NAB ATM transactions without a fee; the AUD 10 option includes fifteen specified eligible assisted, deposit or cheque transactions.
- Online eligibility includes specified Australian business structures, residency or tax-residency, active registration and identity evidence, subject to verification and acceptance.
- The current guide separates monthly account service fees from banker-assisted, express deposit, coin, cheque, card, electronic, channel and international charges.
- The AUD 0 Business Everyday option has no monthly assisted-transaction allowance; the AUD 10 option provides fifteen specified eligible transactions before overages.
- NAB Connect, Direct Link, merchant, foreign-currency and other services can have additional schedules and are not inferred as included.
- The terms govern NAB Business Everyday and related business accounts, authorities, operation, payments, closure and product-specific conditions.
- Business structure, account authority, access channel and current disclosure determine who can operate the account and which service terms apply.
- A product label or online application path does not prove approval, authority, transaction support or protection for a customer-specific case.
- NAB documents a direct foreign-currency transaction account in 16 listed currencies that can receive and send supported foreign currencies without immediate conversion to Australian dollars.
- The page lists no opening fee, monthly account fee or minimum ongoing balance; holding, payment, conversion, correspondent and transaction charges remain subject to the current terms and fee guide.
- Personal customers apply through a branch and business customers through a banker; currency availability, identification and approval remain conditional.
- The terms effective April 2026 govern NAB's onshore Foreign Currency Account and explain account operation, instructions, interest, fees, exchange, changes, suspension and closure.
- Foreign-currency values can move against Australian dollars and transaction execution can depend on cut-off times, correspondents, sanctions, available balance and account authority.
- The product is a direct NAB account, but APRA states that foreign-currency deposits are outside the Financial Claims Scheme.
- APRA states that eligible deposits are protected up to AUD 250,000 for each account holder at each Australian-incorporated authorised deposit-taking institution if the Australian Government activates the Financial Claims Scheme.
- Coverage depends on the exact ADI, account holder, eligible account and aggregation across banking businesses operated under the same licence.
- Foreign-currency deposits and funds at non-ADI institutions are not covered by the general deposit statement.
- The register updated 1 July 2026 lists Bendigo and Adelaide Bank Limited, National Australia Bank Limited and Wise Australia Pty Ltd among Australian ADIs.
- Wise's authorisation is a purchased-payment-facility ADI authorisation and must not be rewritten as an unrestricted retail-bank licence.
- A trading name or product inherits no separate licence; the exact issuing entity and protection conditions remain required.
Australia regulator, protection and rail sources
- APRA states that eligible deposits are protected up to AUD 250,000 for each account holder at each Australian-incorporated authorised deposit-taking institution if the Australian Government activates the Financial Claims Scheme.
- Coverage depends on the exact ADI, account holder, eligible account and aggregation across banking businesses operated under the same licence.
- Foreign-currency deposits and funds at non-ADI institutions are not covered by the general deposit statement.
- The register updated 1 July 2026 lists Bendigo and Adelaide Bank Limited, National Australia Bank Limited and Wise Australia Pty Ltd among Australian ADIs.
- Wise's authorisation is a purchased-payment-facility ADI authorisation and must not be rewritten as an unrestricted retail-bank licence.
- A trading name or product inherits no separate licence; the exact issuing entity and protection conditions remain required.
- The RBA describes the NPP as open-access fast-payment infrastructure with near real-time availability, 24/7 operation and richer payment information.
- The RBA's Fast Settlement Service settles NPP transactions between participating institutions in central-bank funds.
- Market infrastructure does not establish that every provider, product, direction or account supports an NPP service.
- AP+ describes PayID as an identifier linked to an eligible account and managed through participating online banking services.
- PayID payments use the NPP and can be held for security checks; participating institutions set customer access and conditions.
- A country-level PayID record does not prove a provider feature, payment limit, fee or completion time.
- The RBA describes BECS as Australia's direct-entry system for salaries, welfare and pensions plus recurring direct debits.
- Industry has communicated a target to retire BECS in favour of modern infrastructure, subject to ongoing review.
- BECS market context does not establish that every provider supports direct credits, debits or a particular processing time.
Unavailable or deliberately not inferred
- A universal winner, approval outcome, document list or permanent fee/rate.
- FCS coverage for a guarantee, pooled wallet, safeguarded PPF, investment or crypto asset.
- Names of guarantee-issuing or pooled-fund banks where the approved record does not name them.
- Provider-level NPP, BECS, PayID or card support beyond cited product evidence.
- Yield or Wise Interest returns as bank-deposit rates or guarantees.