: ''See

Superbank (surfing) Snapper Rocks is a small rocky outcrop on the northern side of Point Danger, NSW/Queensland, Point Danger at the southern end of Rainbow Bay on the Gold Coast, Queensland, Gold Coast, Queensland, Australia. It is a famous surfing, surf break and ...

for the surf spot on the Gold Coast, Australia.'' Superbank was a

joint-venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

retail bank Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking serv ...

New Zealand New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island coun ...

, operated by

St George Bank St.George Bank is an Australian bank with its headquarters in Sydney. Since a 2008 merger, the bank has been part of Westpac, having previously been an independent legal entity. In 2010, St.George was deregistered as a company and ceased to be ...

in association with the New Zealand grocery-retailer Foodstuffs. Superbank operated between 2003 and 2006. Superbank provided retail transaction banking. Superbank marketed its services through product-information leaflets at

New World The term ''New World'' is often used to mean the majority of Earth's Western Hemisphere, specifically the Americas."America." ''The Oxford Companion to the English Language'' (). McArthur, Tom, ed., 1992. New York: Oxford University Press, p. ...

Pak'n Save PAK'nSAVE (stylised PAK'nSAVE, originally PAK 'N SAVE) is a New Zealand discount food warehouse chain owned by the Foodstuffs cooperative. It is one of the three main supermarket chains, alongside Countdown and New World. There are 56 store ...

, and

Four Square Four square is a team sport played among two teams with two players each on a square court divided into four quadrants: A, B, C, and D (usually numbers 3, 4, 2, and 1, respectively, depending on the court.) The square that a player gets to bef ...

. Actual banking took place through

Internet The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a '' network of networks'' that consists of private, p ...

and phone banking. The company also provided mortgages via mobile lending managers and also

mortgage broker A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, ...

s. Launched in February 2003, Superbank lost $40m, having attracted only 2200 customers during the three-and-a-half years of its operation. It was shut down on 26 September 2006. All its home-loan business were sold to

GE Money GE Capital is the financial services division of General Electric. The company currently only runs one division, GE Energy Financial Services. It had provided additional services in the past; however, those units were sold between 2013 and 2018 ...

, while all savings customers were offered a transfer to

Kiwibank Kiwibank Limited is a New Zealand state-owned bank and financial services provider with approximately 4% of market share in terms of assets. Kiwibank is owned by the New Zealand Government and provides some of its banking services through its ...

References

External links

Superbank

Foodstuffs Cooperative
{{NZ Banks Defunct banks of New Zealand Banks established in 2003 2006 disestablishments in New Zealand Banks disestablished in 2006 New Zealand companies established in 2003