Bank Index
FIRST OPTION BANK LTD
Bank · Australia · overall 5.5 / 10
How this 5.5 is built
Average of 6 scored needs: 5.5. Regulation in Australia: 95/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. 1 score backed by filings or its own pages.
FIRST OPTION BANK LTD is recorded in the global register as a bank in Australia. The register names Australian Prudential Regulation Authority as its regulator and shows the licence as active. Collected from open registers. We have not checked this company by hand yet.
- Regulated by
- Australian Prudential Regulation Authority
- Licence confirmed
- yes, on a regulator's own list
Scores, 0 to 10
8.0Financial strength & stability
· source
6.0Asia-Pacific (SG, HK, AU, JP, KR)
Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet.
5.5Cross-border payments, FX and multi-currency accounts
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet.
5.0Lowest fees
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet.
5.0Best interest on business balances
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet.
5.0Trade, manufacturing & import-export
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet.
4.5Fast digital onboarding
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet.
Sources
Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.