The update concerns revocation of a bank's deposit-taking licence, which relates to bank account operations and regulatory oversight, though the enforcement action itself is prudential rather than payments-specific.
Low confidence — requires human review. While this is a licence revocation by a prudential regulator, it does not clearly constitute enforcement for breach of payments regulations and lacks the specificity of a payments-focused enforcement action.
Specialism
APRA revoked in1Bank's ADI licence, which is a formal enforcement action involving permanent withdrawal of authorisation for a regulated deposit-taking institution.
Low confidence — requires human review. While the update involves a prudential regulator and deposit-taking institutions, the content focuses on licence revocation rather than prudential standards themselves.
2026-05-05 09:54:11·kgurnani@vixio.com
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APRA has revoked in1Bank Limited’s (in1Bank) authorised deposit-taking institution (ADI) licence under the Banking Act 1959.
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TITLE: Australian Prudential Regulation Authority Revokes in1Bank's Authorised Deposit-Taking Institution Licence
BODY:
On Monday, May 4, 2026, the Australian Prudential Regulation Authority (APRA) revoked in1Bank Limited's authorised deposit-taking institution (ADI) licence under the Banking Act 1959.
The licence revocation followed in1Bank's completion of its deposit return process in March 2026. in1Bank had announced in January 2026 that it intended to exit the banking industry. The revocation represents the formal conclusion of in1Bank's operations as a regulated deposit-taking institution in Australia. APRA, as the prudential regulator of Australia's financial services industry, oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. The authority currently supervises institutions holding $9.8 trillion in assets for Australian depositors, policyholders and superannuation fund members.
An updated list of authorised deposit-taking institutions is available on the APRA website, which reflects the removal of in1Bank from the register of regulated ADIs.
**Reference:**
Australian Prudential Regulation Authority. (May 4, 2026). APRA revokes in1Bank's authorised deposit-taking institution licence. Retrieved from APRA Media Releases.
APRA revokes in1Bank’s authorised deposit-taking institution licence | APRA Skip to main content Media Releases APRA revokes in1Bank’s authorised deposit-taking institution licence Monday 4 May 2026 Print Email The Australian Prudential Regulation Authority (APRA) has revoked in1Bank Limited’s (in1Bank) authorised deposit-taking institution (ADI) licence under the Banking Act 1959 . in1Bank completed its return of deposits process in March, after announcing in January that it intended to exit the banking industry. An updated list of ADIs can be found on the APRA website at: List of registered authorised deposit-taking institutions . 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. Subscribe for updates To receive media releases, publications, speeches and other industry-related information by email Subscribe