The Australian Prudential Regulation Authority (APRA) has noted in1Bank Limited’s announcement that it intends to return all funds to depositors and relinquish its licence to operate as an authorised deposit-taking institution (ADI). APRA will monitor the return of deposits to ensure it occurs in an orderly and timely manner. The decision to relinquish the ADI licence was taken by in1Bank. During the deposit-return process, in1Bank depositors remain protected by the Financial Claims Scheme (FCS), and customers with questions about deposits or accounts are directed to contact in1Bank.
Australian Prudential Regulation Authority 2026-01-22
Australian Prudential Regulation Authority to monitor in1Bank’s return of deposits as it relinquishes its ADI licence
The Australian Prudential Regulation Authority (APRA) will oversee in1Bank Limited's process of returning all funds to depositors as it relinquishes its authorised deposit-taking institution licence, ensuring an orderly and timely return. Depositors remain protected by the Financial Claims Scheme during this process.