Volt Bank — deposit business closed, banking licence returned
closed 2022-07-25
Volt announced in June 2022 that it would close its deposit-taking business and return its Australian banking licence, citing an inability to raise funding.
Documented timeline
- Announcement
- APRA records that Volt announced on 29 June 2022 its intention to cease deposit-taking and return its ADI licence www.apra.gov.au · 2026-07-20 · regulator
- Deposits returned
- APRA states that "most of the Volt deposits were transferred by customers to other banking institutions", with 441 residual accounts totalling AUD 113,073 transferred to National Australia Bank www.apra.gov.au · 2026-07-20 · regulator
- Current site
- voltbank.com.au now redirects to termdeposit.market, an unrelated business www.voltbank.com.au · 2026-07-20 · official