We’re proud to share that Alex.Bank has officially joined the Reserve Bank of Australia’s Reserve Bank Information and Transfer System (RITS), becoming one of just 100 institutions in the country to hold an Exchange Settlement Account (ESA).

This achievement is more than just a technical milestone. It is a leap forward in our mission to deliver fast, fair, and flexible banking to Australians. By securing ESA status, we’ve strengthened the core infrastructure of Alex.Bank and taken a definitive step forward in our evolution as a full-service digital bank.

So, what does this mean in practice? As an ESA holder, Alex.Bank now has direct access to the national payments system: real-time gross settlements. This enables more efficient liquidity management, enhances financial stability, and lays the foundation for us to introduce even more innovative and seamless payment experiences for our customers.

While terms like 'RITS' may sound like industry jargon, the impact is very real. Faster transactions, stronger financial resilience, and smarter use of capital. Most importantly, it empowers us to continue building better solutions for the people and businesses who bank with us.

This moment reflects the hard work, vision, and dedication of the incredible team behind Alex.Bank. It is a proud milestone and an exciting signal of what’s to come.

We’re just getting started.