A statement from the bank said there would be no monthly fees and the technology being used would allow prospective customers to connect and view their existing accounts, credit cards and home loans from within the 86 400 app.
The bank claims to offer easy sign-up, the ability to view all accounts in one place, products that are said to be designed for fairness and alerts for payments that are due in the future.
Chief executive Robert Bell said: “Managing your money shouldn’t be so hard, but the simple fact is that staying on top of your finances has become too complex, leaving many Australians feeling anxious, stressed and frustrated.
The 86 400 executive team (from left): chief risk officer Guy Harding, chief financial officer Belinda Hogan, chief operating officer Matt Chan, general counsel and company secretary Christina Seppelt, chief executive Robert Bell, chief information officer Brian Parker and chief product and marketing officer Travis Tyler. Supplied