APRA: in1Bank Completes Return of Deposits Process

APRA News & Publications

Published March 18th, 2026

Detected March 18th, 2026

Summary

APRA notes that in1Bank Limited has successfully completed its return of deposits process, transferring the final 14 accounts totaling approximately $14,500 to Commonwealth Bank of Australia (CBA). in1Bank is expected to formally relinquish its banking license in the coming weeks.

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What changed

APRA has announced the successful completion of in1Bank Limited's process to return customer deposits. The final remaining 14 accounts, with a total value of approximately $14,500, were voluntarily transferred to Commonwealth Bank of Australia (CBA) on March 18, 2026. This marks the conclusion of in1Bank's efforts to return deposits after announcing its intention to cease being a bank and hand back its authorized deposit-taking institution (ADI) license. APRA approved this final transfer under the Financial Sector (Transfer and Restructure) Act 1999 and Banking Act 1959.

Affected customers have been contacted by both in1Bank and CBA. Those whose deposits were transferred to CBA can choose to leave their funds with CBA or move them to another bank after account verification. in1Bank is expected to formally relinquish its license to APRA shortly. No further immediate actions are required from regulated entities, as this notice pertains to the completion of a specific bank's exit from the market.

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Media Releases

in1Bank completes return of deposits process

Wednesday 18 March 2026

Print Email The Australian Prudential Regulation Authority (APRA) notes the successful completion of in1Bank Limited’s (in1Bank) return of deposits process, following the transfer of the remaining tail of deposits today to Commonwealth Bank of Australia (CBA).

in1Bank began returning deposits to its customers in January, after announcing it intended to cease being a bank and hand back its authorised deposit-taking institution (ADI) licence to APRA. At the time of its announcement, in1Bank had more than 1,150 customer deposit accounts with deposits totalling approximately $15.9 million.

APRA has closely monitored the return of deposits process, which involved all but a small percentage of in1Bank deposits being transferred to other banking institutions.

Today, in1Bank completed the return of deposits process by voluntarily transferring the remaining 14 accounts with a total deposit value of approximately $14,500 to CBA. CBA has created new accounts for each depositor. Both in1Bank and CBA have contacted affected customers to advise them of the transfer.

APRA formally approved the transfer of deposits to CBA using its powers under the Financial Sector (Transfer and Restructure) Act 1999 and Banking Act 1959. in1Bank is expected to relinquish its licence formally to APRA in the next few weeks.

in1Bank customers that have had deposits transferred to CBA can elect to leave their funds with CBA or transfer them to another bank of their choice once account verification is completed. Customers seeking more information about their deposits or the transfer of deposits process should contact CBA.

Media enquiries

Contact APRA Media Unit, on +61 2 9210 3636

All other enquiries

For more information contact APRA on 1300 558 849.
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $9.8 trillion in assets for Australian depositors, policyholders and superannuation fund members.