Xinja is now a bank!

Xinja is now a bank!

We are stoked to announce that the Australian Prudential Regulation Authority (APRA), has granted Xinja Restricted Authorised Deposit-Taking Institution status. In shorthand, that means we are a bank, operating under a restricted licence. This is a bit like an ‘L plates’ system for new banks, but to find out more about what a RADI or restricted banking licence is, do click here. And you can read our full press release here.

We hope to be inviting people to open an account in Q2 2019. Exact timing is dependent on the regulator.

Meanwhile, if you haven’t already, do join us (click the button above or below) to join the waitlist for a bank account and to get our prepaid card, which is a great travel card incidentally and a great way to try out Xinja and our app. And we’d love to hear your thoughts on how you’d like to see Xinja built and what you think about money, life and banks. In fact, you can go straight to our community forum here if you want to chat, ask questions or contribute ideas. And you can always drop us a line at [email protected].

More soon! 

For further information, please contact:

Michelle Innis

P&L Corporate Communications

61 2 9231 5411

61 414 999 693

XINJA™ (Xinja Bank Limited ACN 618 937 054) is authorised by the Australian Prudential Regulation Authority (APRA) to operate under a Restricted Authorised Deposit-taking Institution (RADI) licence until 16th December 2020.  Under this licence we are not required to meet the full ADI prudential framework. We will only offer bank accounts to the general public when we become a full ADI. You can still apply for other Xinja products.  More information about Xinja’s RADI licence is available at

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