APRA has revoked 86 400’s banking licence following NAB’s acquisition of the neobank in May and the subsequent transfer of 86 400’s assets and liabilities. The deal was announced in January and received ACCC approval in March. At the time the transaction was completed, 86 400 had 85,000 customers, A$375 million in deposits and $270 million of home loans. NAB’s plan is to combine the 86 400 operation with its own digital bank, UBank, to develop “a leading digital bank”. NAB subsidiary BNZ has become the first New Zealand bank to limit access for unvaccinated customers. The bank has announced that from January 17 all staff, contractors, and suppliers entering BNZ sites will need to provide their “vaccine pass” showing they are fully vaccinated against Covid. Any customers wanting a face to face appointment with a banker for services such as lending, advice or to open a new account will also need to show their passes. However, over the counter services at branches will still be available regardless of vaccination status.