Volt Bank Review


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TYPE: Debit 





APP: iOS & Android

CUSTOMER SUPPORT: Email, Telephone or Live Chat




LOADING OPTIONS: Bank transfer, Debit Card , Direct Debit & Apple Pay



About Volt Bank

As a Fintech start-up founded in 2017, Volt Bank is part of the first new wave of digital banks. Based in Australia it has a full banking licence to operate as a cloud-based bank. Volt will have no physical branches and it will concentrate on providing banking experiences that offer products solely online.

What is Volt Bank and how does it work?

Volt’s bank account is only available by means of joining its waiting list. Volt is currently in the midst of on boarding 40,000 trial customers on its waiting list to its new savings account. This will be the initial product that will be launched by this new neobank but expect to find other banking facilities being offered in the coming months. Volt Bank will most likely offer products such as a fully functional bank account and a high-tech Volt app. As Volt is at this time in beta-testing, there are at present no products on offer to those not on the waiting list.

If you are fascinated in what this digital bank will be offering, it is possible to sign up to Volt Labs where you can play a role in shaping the future of the services that Volt may offer. It is expected that Volt will provide traditional accounts with saving and borrowing facilities. The savings account being tested now will probably be the first product offered by Volt, and it is believed that it will offer customers an interest rate of 2.15%. Volt will launch in 2020 with other features to offer their online services to all. Just sign up to the waiting list and try Volt when it formally launches.

The Volt Bank App

As yet there is not app available. However there have been discussions about possible features in the Volt Labs app which may consist of things like brand-new payment alternatives and an array of online money management tools. Volt are expected to offer both Apple and Google Pay, letting their customers make fast and convenient transactions. The app will most likely offer a categorisation tool too which will help to break down customer spending into separate categories like bills, clothes, food. This will permit customers to come to be more mindful of where their money is going. It is likewise feasible that Volt will make use of push notifications to keep customers up to date on various aspects such as giving spending insights and saving ideas.

Volt Bank Safety and Security

Volt Bank has been granted a full ADI license, which means that it is now an authorised Australian deposit-taking body. This in addition means that all financial deposits up to $250,000 will be officially guaranteed safe by the government.

Volt Bank is going to be a trusted online supplier of digital banking facilities.

Volt Bank Key Features

Volt bank is expected offer more features online due to its flexibility, more than traditional banks usually do. This will allow customers to eventually feel much more in control of their own money.

Volt is likely to run most of its services via an easy to use smartphone app. This will make it a straightforward task for new customers to follow the sign-up process. Day-to-day usage of the app ought to make it easy to gain access to your money.

One of the biggest draws is the possibility of the high interest rate that Volt are intending to offer on their new savings account. This will make saving easier for many customers.

Advantages of Volt Bank

It is expected that Volt will be offering a wide selection of ground breaking feature-rich banking products. It is anticipated that this will be rolled out for business customers too. The aim is to offer tools that create a clearer and easier way for customers to look after their cash.

Volt Bank will be using the latest cloud technologies from Microsoft Azure and Temenos, which will help the bank to offer speedy banking software. The bank will run software to take advantage of modern cloud environments and will be configured for plug and play integration to make banking easy.

Disadvantages of Volt Bank

The bank is not let live and its full range of eventual services make take a little longer to show up. Other disadvantages will become clearer as soon as Volt has been unveiled to the general public.


Essentially, until it is properly launched Volt is keeping its products under wraps as they work on formulating their services for general release. What is certain that it does seem to be promising customers a new digital banking alternative. The best part is the offer of a 2.15% interest rate for people taking out a new savings account. This has attracted enough interest to ensure 40,000 potential customers have already signed up to the banks waiting list. Volt is expected to be launched soon and it may be worth expecting the unexpected.

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Volt Bank
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iOS, Android
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