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Xinja Bank
Australia
21 May 2017 (8 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Xinja Bank
Company Information
Get to know Xinja Bank
Xinja is an Australian Neobank. They received their full banking licence in 2019 and launched their bank account at the same time and savings account (Stash) in January 2020. Xinja is designed to be easy, and even fun. You can set up accounts in seconds, with zero paperwork, all on your phone and we offer friendly fast support with in-app chat. Security is a major priority and not only is our bank account covered by the Government guarantee, but being 100% digital with the latest technology means we’ve built state of the art security in from day 1. It also means low costs for us & competitive rates & low or no fees for you.
Industry
- Financial BankingPRIMARY
- Financial Other Service
- Financial Payment
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