Australia
activeFeaturedNeobank
- HQ
- Melbourne
- Fee
- Free
AMP Bank
Australian ADI. APRA. FCS $250k. Wealth parent, digital skin.
Rate this app
6.6Mixed
AlternativesOur take
Desk verdict
AMP Bank is an ADI. FCS applies. Put it next to Up as a different object: wealth-bank deposits versus a Bendigo-issued consumer app. Neither is Revolut.
AMP Bank Limited is the authorised deposit-taking institution in the AMP Limited group. Sydney. APRA. It shows up on digital-bank lists because the everyday account is app-led. The charter is old-school ADI.
AMP Bank lists Authorised deposit-taking institution (AMP Bank Limited) under APRA in Australia. On safeguarding we currently write: Financial Claims Scheme up to $250,000 per account holder per ADI. Holder / issuer line: AMP Bank Limited. An AML programme is claimed. There is no IBAN-class local rail on the flags we store. We list 1 live markets on the product. As we score the sticker: monthly Product-dependent; FX Bank FX; ATM Network; interest Savings / offset — confirm live. This desk would open it for: Australian residents who want an ADI that is not a Big Four branch, with FCS.
What it does well: APRA ADI; FCS; Mortgage + deposit. What to watch: Not Up’s consumer polish; Wealth-group baggage; Not a travel FX app. Desk score 6.6 / 10 (safety 8.4, fees 6.6, features 6.8, app 6.6). Last verified 2026-08-28. Headquartered in Sydney, Australia; founded 1998. None of this is advice — it is a file so you can read the entity before the card colour.
Best for: Australian residents who want an ADI that is not a Big Four branch, with FCS.
Pros
- +APRA ADI
- +FCS
- +Mortgage + deposit
- +Named bank
Cons
- −Not Up’s consumer polish
- −Wealth-group baggage
- −Not a travel FX app
- −Australia-only
Account facts
- Platforms
- iOS · Android · Web
- Account types
- AUD transaction · savings · home loan
- Partner bank
- AMP Bank Limited
- Minimum balance
- A$0
- Lowest monthly fee
- Product-dependent
- Who can open
- Australian residents
- Availability
- Australia
How it actually works
- Custody
- Bank balance
- Local rails
- In-app ledger
- Built for
- Personal · Business
- Settlement
- App-ledger instant; bank rails per corridor
- Review risk
- Bank-grade; still not freeze-proof
- Pay surface
- visa · physical · virtual · Apple Pay · Google Pay
Safety
Financial Claims Scheme up to $250,000 per account holder per ADI
Holder / issuer: AMP Bank Limited
- APRAAuthorised deposit-taking institution (AMP Bank Limited) · Australia
Fees
- Monthly
- Product-dependent
- FX markup
- Bank FX
- ATM
- Network
- Interest
- Savings / offset — confirm live
Features
- –IBAN
- –Fee-free core
- –Multi-currency
- ✓Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- ✓Business
- –Kids
- –Halal
- AUD transaction + savings
- Home loans
- Offset
- App + phone
- ADI
Score
- Safety25%
- 8.4
- Fees20%
- 6.6
- Features15%
- 6.8
- App15%
- 6.6
- Global15%
- 3.2
- Support10%
- 6.8
Change log
Full logLicence
AMP Bank Limited remains an APRA ADI
FCS $250k. Wealth parent, digital skin. Not Up, not Revolut.
Available in
FAQ
Is AMP Bank a bank?+–
AMP Bank holds a banking-style licence (APRA). Still read the legal entity on the statement, not the app icon.
How is money protected?+–
Financial Claims Scheme up to $250,000 per account holder per ADI
Where is AMP Bank available?+–
We list 1 market desk on the desk. Residency and onboarding rules still sit with AMP Bank.
Card and wallets?+–
visa · physical · virtual · Apple Pay · Google Pay
Ratings and reviews
No published user reviews yet. The desk score still comes from licence, fees, and the product — not from a empty star average.
Alternatives
Full alternatives page
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- HQ
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