🚨 Aussie Banking Alert: in1Bank is closing down! Recent update that could affect you, your business or someone you know: 📍 in1Bank, a local Australian neobank just announced it’s discontinuing its banking business. Accounts will be shut down and the app will be turned off by 5 Feb 2026. � Here’s what you need to know 👇 💥 Why is this happening? The bank started in 2019, got a full licence in 2023, but remained very small - $3M in loans out ~$19M in deposits by late 2025. The bank hasn’t given a full reason but the reality is that challenger banks in Australia have been having a really tough time scaling and staying profitable in a market dominated by the big players, and some have had to exit the industry, most recent are Volt Bank & Xinja. 🚨 Your money is safe … but action is needed! ✔ Your deposits are protected under Australia’s Financial Claims Scheme (up to $250,000 per person). ✔ BUT you must confirm where you want your money 👉 Starting 23 Jan, in1Bank will autom...