[2][3][4] It was majority owned by payments company Cuscal.

[5][6][7] It gained a licence to operate as an authorised deposit-taking institution in 2019.

[8] In early 2021, after operating for less than two years, it was taken over by National Australia Bank (NAB), and merged into its UBank subsidiary.

[4][11] The brand was retired in May 2022,[12] becoming part of the newly rebranded "ubank."

According to NAB, the "visual identity, technology, and innovation capability of 86 400" was adopted by ubank.