Judo Bank is an online challenger bank that offers lending solutions for Australian businesses. It currently offers a range of financing options for businesses, with its products enabled by new technology and backed by traditional relationship banking. This guide will outline the products and services Judo Bank offers, the features and interest rates nd charges of those products, and how to decide if Judo Bank is right for you.
Judo Bank is a new challenger bank that specialises in business lending for small to medium sized local businesses. Judo Bank has a full Australian Deposit-Taking Institution (ADI) license, so deposits up to $250,000 with Judo are guaranteed by the Australian government.
While it's a technology-led bank, Judo also has a focus on offering traditional relationship banking and aims to deliver its products with "certainty and speed".
Judo Bank offers a range of business finance solutions. It currently only offers the one personal deposit product, however it does plan to launch an SMSF and business term deposit in the future, too.
6 ways to get the best term deposit rate
The Judo Bank term deposit is for personal customers with deposits of $1000 or more. It offers market-leading fixed interest rates on term lengths from six months to five years at a time, with a 0.10% loyalty bonus if you roll over your maturing term into a new one.
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.
When you apply for a product such as a loan with Judo Capital, you will have a dedicated relationship manager that you can easily contact whenever you need to.
This is a business bank account with no monthly account keeping fees and a free ANZ Business Visa Debit card.
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Whether you’re travelling overseas or just want easy access to your funds, here’s how to find the best debit card to suit your needs.
With convenient access to your funds and a host of flexible features, Bendigo Bank’s Everyday Account can help you manage your day-to-day finances with ease.
The Access account offers bcu customers accessibility, flexibility and convenience when conducting everyday banking transactions.
Online-only banks do not operate any physical branches resulting in reduced expenses and more affordable banking solutions for their customers.
For foreigners opening a bank account in Australia, the process is easy and user-friendly, and often comes with attractive deals and discounts on transaction fees.
You can meet the 100 points of ID requirement when opening a bank account by showing your passport, birth certificate or driver's license. If you don't have these, there are a few other things you can use as ID.
Any funds in your Bank Australia Mortgage Offset are subtracted from your home loan principle and reduces your interest repayments while giving you on-call access to your funds.
International transaction fees can add up to a lot of wasted money. These debit cards are great for travelling and online shopping and will save you money by waiving this annoying fee.
Can you give me details of banks that offer a cash bonus for signing up?
Hi Ben,
These offers change frequently, but here is our current list:
https://www.finder.com.au/cashback
Hope this helps!