You do not need to be a CommBank customer to access Kit. Kit is available to customers of any financial institution.
Our partner Hay Limited (AFSL 515459), whose Shaype platform is our third-party technology provider, is the issuer of the Kit virtual account and prepaid card. These financial products are distributed by Kit as Hay Limited’s Corporate Authorised Representative. Hay Limited is not an Authorised Deposit-Taking Institution (ADI). Money held with Kit is not covered by the Financial Claims Scheme. Funds are held in a dedicated customer funds account held at CommBank. Refer to Important Legal Information for more detail. Hay has an Australian Financial Services Licence and adheres to strict standards set by regulators, the Australian Securities and Investments Commission (ASIC) and Australian Financial Complaints Authority (AFCA).