Volt Bank announced it was closing its deposit taking business on Wednesday The 140 staff will be left without a job once business shuts next Tuesday Customers of the neobank have been urged to transfer their funds by July 5 Neobanks operate.
Neolender Volt Bank is handing bank customer deposits and will exit the banking industry, it has been revealed. In an announcement on its website, the neobank - which was the first Australian RADI
Australia's first fully-licenced neobank Volt is to shut down - giving customers barely a week to withdraw their deposits - after failing to pick up sufficient funding to support the business as a going concern.