86 400 Review
Comprehensive review and analysis of 86 400's digital banking services
Quick Facts
- Founded
- 2019
- Head Office
- Australia
- Active Customers
- 350,000+
- Total Funding
- Acquired by NAB
- Employees
- 200+
- App Store Rating
- 4.7/5
Pros & Cons
Pros
- Smart bill prediction
- Competitive savings rates
- Home loan options
- No monthly fees
- Energy plan comparison
- Quick account opening
Cons
- Limited to Australia
- No physical branches
- Some features require premium
- Limited international features
Supported Countries
- Australia
Fees
- Account Maintenance Free
- Debit Card Free
- ATM Withdrawals Free at major Australian banks
- Foreign Transactions Standard fees apply
- International Transfers Competitive rates
Overview
86 400 (now part of NAB) has transformed Australian banking since 2019 with its smart features and digital-first approach. Known for its innovative bill prediction and home loan services, it offers a comprehensive digital banking solution.
Key Features
Banking Services
- Transaction account
- Savings account
- Digital card
- Physical card
- Bill payments
- Mobile payments
Smart Features
- Bill prediction
- Upcoming payments
- Spending insights
- Energy comparison
- Savings optimization
- Account aggregation
Home Loans
- Digital application
- Competitive rates
- Quick approval
- Property valuation
- Loan management
- Refinancing options
Payment Features
- PayID
- Osko payments
- Mobile payments
- Scheduled payments
- Bill management
- Payment tracking
Security Features
- Biometric authentication
- Transaction monitoring
- Instant card control
- Fraud detection
- PIN management
- 24/7 security
Customer Support
- In-app chat
- Phone support
- Email assistance
- Help center
- Video guides
- Social media support
Verdict
86 400 excels in providing smart banking features and home loan services to Australian customers. Its bill prediction technology and energy plan comparison tools make it particularly useful for managing household expenses.
While the platform is limited to Australia with some features requiring premium accounts, it offers comprehensive digital banking services. The integration with NAB provides additional stability and resources while maintaining its innovative approach to digital banking.