Judo Bank is an Australian bank focused on small and medium-sized enterprise lending but also offers a range of personal term deposit products to consumers.
|Founded||16 October 2016|
- 1 Who is Judo Bank backed by?
- 2 Is Judo Bank reputable?
- 3 How many customers do Judo Bank have?
- 4 How do I open an account with Judo Bank?
- 5 Why is it called judo bank?
- 6 Do you lose your money if a Bank closes?
- 7 Is judo bank listed on the ASX?
- 8 Does judo bank have savings account?
- 9 Who owns Bank Vic?
- 10 Is Judo a neo bank?
- 11 What makes Judo Bank different?
- 12 Why is judo bank a good term deposit?
- 13 When was Judo bank founded?
Who is Judo Bank backed by?
A: Yes, all deposits with Judo Bank are guaranteed up to $250,000 per account holder by the Australian Government, under the Financial Claims Scheme.
Is Judo Bank reputable?
Is Judo Bank safe? Judo Bank has been granted a full banking licence by industry regulator APRA. This means Judo is approved to hold consumer and business deposits, and deposits up to $250,000 per customer are protected under the Australian Government Guarantee Scheme.
How many customers do Judo Bank have?
Judo has 55 bankers serving 650 customers, and has made $1.6 billion in loans and taken $1.5 billion of deposits.
How do I open an account with Judo Bank?
To open an account with Judo, you’ll need the following documents and personal information:
- A minimum of two of the following: Australian drivers license, passport and Medicare card.
- The details of your nominated bank account (BSB, account number etc.)
- Your tax file number (TFN)
- Your mobile number and email address.
Why is it called judo bank?
Despite their critical importance to the economy, some SME businesses aren’t getting the support they deserve. The Judo team, with experience at the highest levels of some of the world’s largest banks, saw an opportunity to do better. Their name comes from ‘Judo Strategy,’ the art of defeating larger opponents.
Do you lose your money if a Bank closes?
If your bank is insured by the Federal Deposit Insurance Corporation (FDIC) or your credit union is insured by the National Credit Union Administration (NCUA), your money is protected up to legal limits in case that institution fails. This means you won’t lose your money if your bank goes out of business.
Is judo bank listed on the ASX?
LISTINGJudo Bank gets its ASX black belt 4:28 AM David RossAustralia’s newest listed bank has run in a rise in its share price after hitting the ASX boards on Monday. 22
Does judo bank have savings account?
Not only does the account feature a 3-month introductory rate of 1.50%, savers will be able to continue to score an ongoing maximum rate of 1.20% p.a. if they’re able to meet some monthly requirements: for over 25’s these include depositing $2,000+ from an external account and making five settled purchases or direct
Who owns Bank Vic?
In 2014, BankVic celebrated its 40th anniversary and is one of Victoria’s largest Mutual Banks with assets in excess of $1.3B and over 97,000 members. The bank is wholly owned by its members, who are all equal shareholders. As a co-operative, it is not focused on profits or paying dividends to shareholders.
Is Judo a neo bank?
Meanwhile Judo, which calls itself a challenger bank and not a neobank, is still going strong, boasting a loan book and deposit book of $2.6 billion and $2 billion by the end of 2020 respectively.
What makes Judo Bank different?
What makes Judo different to the major banks. The best people, underpinned by leading technology and category breaking processes. Judo Bank’s unique, ‘high-touch, high-tech’ model provides Australian SME businesses with an industry leading offering big banks just can’t deliver.
Why is judo bank a good term deposit?
Judo Bank offers customers a “loyalty bonus” when you roll over your maturing term deposit into a new term deposit with the bank. Customers can earn additional bonus interest on top of the standard term deposit rates for the new term.
When was Judo bank founded?
A term deposit ensures your money will earn interest at a fixed rate, for a fixed term. There’s little to no chance of losing your money, so it’s a good option for cautious savers. It’s low maintenance. Once you lock your cash away in a term deposit, there’s not a lot you can do with it until the term is up.