Breaking Volt has urged all customers to withdraw their funds from their Volt bank accounts before July 5.
Volt said on Wednesday it had executed a transaction to sell its mortgage portfolio and started returning all deposits to customers in full.
“APRA is closely monitoring the return of funds and all customer deposits held with Volt remain safe and are guaranteed by the government up to $250,000 per account holder under the Financial Claims Scheme.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Neobank Volt to shut down, return deposits to customers after funding strugglesOn its website on Wednesday morning, the digital bank was urging all customers to withdraw their funds from their Volt bank accounts before July 5.
Read more »
The Breakdown | Rugby’s battle of the hemispheres: south can turn the tide in July TestsThe north won bragging rights in 2021 but with 12 Tests over the next three weekends things could soon look very different
Read more »
CWP Renewables keeps suitors warm, auction due early JulyAustralian renewable energy investor CWP Renewables and its owner Partners Group have been warming up suitors in a round of pre-auction meetings.
Read more »
Neobank Volt to shut down, return deposits to customers after funding strugglesOn its website on Wednesday morning, the digital bank was urging all customers to withdraw their funds from their Volt bank accounts before July 5.
Read more »
The 'real' aviation crisis threatening to shut down vital linksAircraft operators in WA are struggling to fill key jobs, which could result in smaller businesses going under and remote parts of the state being cut off.
Read more »
‘Next five years’: Beijing deletes discussion of COVID controlsDigital censors quickly shut down online discussion after Beijing’s Communist Party secretary said the capital city would normalise pandemic prevention controls over coming years.
Read more »