Product snapshot

Transaction accountYes
Savings accountYes
Share tradingComing
Personal loansComing
Home loansComing

About Xinja

Part of the new wave of digital banking that is grabbing the attention of Aussies across the country, Xinja Bank is one of the newest, independent neobanks changing the way people manage their money and do their everyday banking. 

Founded in 2017 and located in Sydney, Xinja Bank is 100% app-based and offers the latest features and benefits to suit the banking needs of young and tech-savvy Aussies. These include new and secure payments options to receive and transfer money and a simple interactive app design that makes mobile banking a breeze.  

Aside from Xinja’s high level of security within their app, they also hold an Authorised Deposit-taking Institution (ADI) licence which means they are governed by exactly the same rules as other Aussie banks when it comes to your money, including the deposit guarantee scheme which guarantees funds up to $250,000 per person.

Xinja have already launched both a transaction account and savings account and they also have grand ambitions for the future, including offering products like home loans, personal loans and term deposits, a share trading platform named 'Dabble', plus a whole range of new and exciting app features.

xinja app

Xinja's products

Xinja Bank Account

Account fee$0
Australian ATM feeMajor banks free
Foreign transaction fee0%
Overseas ATM fee$0

In September 2019, Xinja was granted its full licence as an Authorised Deposit-taking Institution and the neobank wasted no time in launching a transaction account. The account is fully accessible through the Xinja app which is available on both Apple and Android smartphones, plus users won’t need to worry about paying a range of fees - either at home or abroad. Check out our Xinja Bank Account Review for more details, including why it took out the title of Best New Transaction Account at the 2020 Mozo Experts Choice Awards.

Xinja Savings Account

Interest Rate
1.50% on balances up to $150,000
Account fee
Minimum deposit and withdrawal conditions

The Xinja ‘Stash’ savings account has no strings attached, which means you won't need to meet any requirements to be rewarded with the maximum rate. You can earn up to 1.50% interest on balances up to $150k. Instant account set up is done via the Xinja app and the account must be linked to the Xinja Bank Account. For more details, including why it took out a 2020 Mozo Experts Choice Award for Best New Savings Account, read our full Xinja Stash review.

Xinja Home Loans and Personal Loans

Xinja Bank has no plans to pause and reflect now that their transaction and savings accounts are in market. On the contrary, they are already planning on launching lending products such as Xinja Home Loans and Xinja Personal Loans sometime in 2020. In fact, Xinja’s home loans and personal loans are already being tested in-house and, like their savings accounts, they’ve promised simplicity, great rates and some innovative features when they do make them available.

Dabble - Xinja's share trading platform

In July 2020, Xinja announced its intention to launch its very own sharing trading platform named Dabble. Set to be released sometime in the near future, Dabble will provide Xinja users with brokerage-free access to US shares and ETFs for an $8 monthly subscription fee plus a 1% FX fee.

Xinja's app features

While Xinja are still pretty new and are yet to fully release many of their planned products, the Xinja mobile app has, and is going to have, some standout features that are certainly worth a mention.


Innovative app experience

Xinja’s app has really been designed for the next generation of banking customers, aka. millennials. The app has a live chat feature so that users have instant access to in-app support whenever they need it and Xinja also has a tonne of emojis and animations within the app to make the usually boring banking experience more enjoyable. Plus (according to Xinja) it only takes minutes to open an account in the app, so you’ll be able to start banking in no time.


Spend categorisation and smart notifications

Xinja Bank are all about simplifying the banking experience while giving their users the tools to make smarter financial decisions. That’s why Xinja are in the process of developing some super handy features like automatic spending categorisation which labels your spending under sections like travel expenses, food or entertainment, merchant logos so you can see exactly where you’re money’s going and spending notifications to keep your budget on track. These are set to be released in the app sometime in 2021. 


Digital wallets and instant payments

If you’re ready to embrace app-only banking then chances are you might also like the option of being able to pay with your smartphone. That’s why Xinja Bank users are able to leave their physical cards at home after setting up their Xinja Debit Mastercards with mobile payment options like Apple Pay or Google Pay. While Samsung Pay isn't currently available, it's also likely to be added down the track. 

Speaking of the latest in payment technology, Xinja are also working on getting set up with the New Payments Platform (NPP) and Osko so their customers can make near-instant transfers to other Australian bank accounts over the platform. According to Xinja's own roadmap, this could come as early as October 2020. 


Enhanced security

Xinja appreciate that Aussies may be a little apprehensive about relying on an app to do all of their banking, which is why they’re giving their users the latest security features so they can make Xinja the Fort Knox of banking apps. While users can use a regular passcode, they will also have the option of setting up biometric security (think a fingerprint scan) when logging in and using two-factor authentication when making payments. 

Is Xinja right for you?

With competitive transaction and savings accounts already launched and even more products to come in the future, Xinja Bank could be a great option for a whole range of people. 

Firstly, its commitment to keeping customer costs low could make Xinja a great choice for Australians looking for a bank that doesn’t charge excessive fees - whether that's bank account fees at home or while they’re travelling abroad, or via brokerage-free sharing trading on the Dabble share trading platform.

Secondly, with many of the latest mobile payment options, security features and other handy insights and tools, the app-based neobank could be a top fit for millennials or tech lovers who love the idea of doing their banking and making everyday payments all from a smartphone. 

However, Xinja’s not going to be for everyone. As a brand new digital bank it doesn’t currently offer all of the standard banking products you may be used to, including credit cards and home loans (though home loans are certainly an addition Xinja are planning to release soon).  

Xinja also has no branches or phone banking as an option, so it may not suit people still wanting a more traditional banking experience. It’s worth noting that you will still be able to contact Xinja over the phone in emergencies though - for example, if you lose your phone and card and need your card locked.

How do I sign up for Xinja?

Signing up to Xinja can be done via their app once you've downloaded it.

As Xinja say themselves, it’s pretty easy to get on board because you can open an account in a matter of minutes all from the palm of your hand. All you need to do is provide some personal details such as your name, date of birth, email, mobile number and address, although you’ll need to be over the age of 14 to sign up with Xinja.