Thanks Lindso, sensible answers. I guess the $20,000 withdraw limit also doesn't help business customers who would potentially need to withdraw large amounts at once.
UBank seems to be aiming for stability in the amount they have under management, presumably so they can reloan that money out.
This article is a bit old but nonetheless interesting in that the CEO of UBank sees it potentially going out of business because of competition & a failure to keep up with competitors.
They have $10 billion under managment, which equates to roughly %550 million they pay out in interest each year.
