Australian bank collapses with thousands of customers told to withdraw funds IMMEDIATELY before it closes all accounts on Tuesday
Volt Bank announced it was closing its deposit taking business on Wednesday
The 140 staff will be left without a job once business shuts next Tuesday
Customers of the neobank have been urged to transfer their funds by July 5
Neobanks operate exclusively online without in-person branches
https://www.dailymail.co.uk/news/article-10967735/Australian-bank-Volt-collapses-140-workers-losing-jobs.html
https://www.reuters.com/business/finance/australias-first-neobank-volt-shut-deposit-taking-business-return-licence-2022-06-29/