Who Is Judo Bank?

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.

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 legitimate?

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.

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.

How many customers does 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.

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.

You might be interested:  Often asked: How Is Bank Interest Calculated On Savings?

Is Judo a public bank?

“ The company is now in the public market and in theory anyone can buy stock in the company,” he said. 21

How can I open a term deposit in judo?

To open an account with Judo, you’ll need the following documents and personal information:

  1. A minimum of two of the following: Australian drivers license, passport and Medicare card.
  2. The details of your nominated bank account (BSB, account number etc.)
  3. Your tax file number (TFN)
  4. Your mobile number and email address.

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.

When did Judo Bank start?

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top