Australia
activeFeaturedNeobank
- HQ
- Melbourne
- Fee
- Free
AMP Bank
Australian ADI. APRA. FCS $250k. Wealth parent, digital skin.
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6.6Mixed
AlternativesFive questions
At a glance
Is it a bank?
Yes — Authorised deposit-taking institution (AMP Bank Limited) (APRA). Still read the entity on the statement.
If it fails?
Financial Claims Scheme up to $250,000 per account holder per ADI
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
Product-dependent
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
6.6
/10 · Mixed
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.
What it is
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.
Best for: Australian residents who want an ADI that is not a Big Four branch, with FCS.
Last checked 2026-08-28. Not advice.
What it does well
- +APRA ADI
- +FCS
- +Mortgage + deposit
- +Named bank
What to watch
- −Not Up’s consumer polish
- −Wealth-group baggage
- −Not a travel FX app
- −Australia-only
Who holds the money
The account
- 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 money actually moves
- Who holds the cash
- Bank balance
- How money moves
- In-app ledger
- Built for
- Personal · Business
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Bank-grade; still not freeze-proof
- Card
- AMP Bank lists a physical card and a virtual card on visa, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
Financial Claims Scheme up to $250,000 per account holder per ADI
Who holds the money: 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
Straight answers
FAQ
01Is AMP Bank a bank?
AMP Bank holds a banking-style licence (APRA). Still read the legal entity on the statement, not the app icon.
02How is money protected?
Financial Claims Scheme up to $250,000 per account holder per ADI
03Where is AMP Bank available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with AMP Bank.
04Card and wallets?
AMP Bank lists a physical card and a virtual card on visa, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.
05Can I open AMP Bank remotely?
Residency and KYC are gated. An App Store listing is not proof you can onboard from your country.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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