What happens if Superhero’s banking partner fails?

by

Superhero Team

May 25th 2021 3 minute read

In the unlikely event our banking partner, NAB, were to fail, the funds held in your Superhero Wallet would not be covered under the Australian Government Financial Claims Scheme.

The Financial Claims Scheme provides protection to depositors of up to $250,000 per account-holder, per authorised deposit-taking institution (ADI) (bank, building society or credit union) in the event of the ADI failing.