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About Bano

Bano is a "super app" that was developed in Australia to enable easier money management and payment processing.

Using Bano you are able to access a number of financial services, including multi-currency accounts, international money transfers, bill splitting, a customisable Visa card, payment requests, and more.

The Bano app also offers a range of features, including weekly promotions and cashback offers.

Fees may apply - visit the website for full details.

Bano's app features

So why opt for Bano, with so many banking apps on the scene? The Bano Superapp offers a range of features that make it an appealing option for managing your money. Some of the standouts are highlighted below:

Visa card

One of the main perks on hand with Bano is their Visa card. 

This is a Visa prepaid card, and not a credit card. It is linked to the money in your account, and can be used online, via mobile wallet, and issued as a physical card.

Should you choose to order a physical card, you will also be able to use in-app personalisation to customise your card and add images.

Purchases made using the Bano prepaid Visa will earn you up to 1.8% cashback into your Bano account. Terms and conditions apply.

The card carries a $20 replacement fee, and small fees for ATM withdrawals ($3 domestic/$5 international). 

Bill splitting

Bano brings your bill-splitting into one place, enabling you to send and receive money in the app - which can make that end-of-meal shuffle for payment a whole lot easier.

There is also a promotion running which can enable you to earn up to 20% cashback on split bills when they are paid for in the Bano app.

To be eligible, all bill-splitters involved must pay via the Bano app. The actual percentage cashback is randomised, and may be between 0-20%. Make sure to check the terms and conditions for full details.

Multiple currency accounts

Bano supports up to 37 currencies including AUD, GBP, USD, EUR, CAD, AED, and more are being added. You can also carry multiple currencies at once, perfect for travel.

Exchanges between currencies are fee-free in the app, and subject only the the relevant exchange rate. 

Bano is connected to banks in 180 countries, allowing you to send and receive money with ease. 

Is Bano right for you?

There are many reasons you might like the look of Bano, particularly those enticing cashback promotions! It's important to consider all of the information available when you look at what is right for you, as this is a personal decision that only you can make based on your financial information.

Bano is not a lender, so this may not be the option for you if you're looking for a neobank offering a credit card or loan product. 

There are also fees to keep in mind when making any withdrawals, SWIFT transfers, or holding an account in USD - review the full details on Bano's website.

However, if you're looking for an app that can put all of your everyday banking needs in one place, this could be a great option. 

Positive account balances will attract 2% interest (subject to change), and cashback can make this a rewarding option for everyday spending, bill splitting, and more. With the ability to carry multiple currencies, Bano could also be an ideal option for travellers.

How do I sign up?

To sign up for Bano, the first step is to download the app from the Google Play or Apple store.

You are eligible to apply for a Bano account if you are an Australian citizen or living in Australia.

The application process takes place in the app and involves the following steps:

Applications aim to be approved within 1 business day, although you may be contacted if there is a delay. You will be contacted if your application has been denied or more documentation is needed. Your approval will be notified in the app, and sent via email.

You will need to make an additional application for extra products, like the Bano visa. This will be done in app.