Challenger bank accounts

Challenger Bank - previously MyLife MyFinances - is a digital financial provider offering a range of products including internet banking, savings accounts, term deposits and home loans. Challenger is an ASX-listed company that has provided financial services to Australians since 1985 and is committed to improving financial security with a focus on retirement. Challenger Limited acquired MyLife MyFinance in 2021 and completed a full digital overhaul of its banking infrastructure including streamlining onboarding and loan application processes, reducing document preparation times and implementing native compliance technology. Challenger Bank is regulated by the Australian Prudential Regulation Authority (APRA) and, as at 31 December 2021, manages $115 billion in assets. ​As Challenger is a digital bank there are no physical branches or offices. Enquiries can be made online or over the phone.