Southbag Financial
Financial infrastructure, payment systems, investment products, and compliance tooling. All products are subject to ongoing regulatory oversight, Southbag internal policy, and executive review.
Online Banking
Deposit and withdrawal services. All transactions subject to a minimum 1–3 business day review period. Funds may be held pending AML verification.
Invest
Equity, fixed income, and managed portfolio products. Historical performance is not indicative of future results. Southbag assumes no liability for market conditions.
Crypto Exchange
Digital asset trading infrastructure. All transactions are irreversible. Enhanced monitoring applied to all accounts. Withdrawal limits enforced without warning.
Pay Later
Deferred payment infrastructure. Creditworthiness assessed continuously and without notice. Terms subject to change. Default interest rates applied retroactively.
Tax
Automated tax filing and preparation services. Southbag retains copies of all submissions for 10 years. Filing errors are the client's responsibility.
Rewards
Points-based recognition programme. Points have no cash value and expire at Southbag's discretion. Redemption categories may be modified without notice.
Insurance
Coverage products underwritten by Southbag Insurance Partners Ltd. Claims subject to approval. Processing time: 30–90 days. Certain claims escalated to Kevin.
International Transfer
Cross-border payment services. Subject to sanctions screening, enhanced compliance review, and additional hold periods up to 14 days. All recipients are logged.
For Businesses
Business account infrastructure. Director KYC required. Beneficial ownership reporting mandatory under SB-ACT-2018. Entity verification processing: 5–10 days.
PoS
Physical and digital point-of-sale terminals. Transaction data retained indefinitely. Network connectivity SLA: 99.2%. Downtime compensation is not guaranteed.
Compliance
Regulatory adherence tools and reporting infrastructure. Usage of this product is itself subject to compliance review. Output reports are not legal opinions.
Payroll
Employee disbursement services. Worker data classification is the client's responsibility. Southbag assumes no liability for misclassification penalties.
Invoicing
Billing management and accounts receivable platform. Invoice data may be used for Southbag internal analytics and credit risk modelling.
API for Business
Programmatic access to Southbag financial infrastructure. Rate limits enforced without warning. API keys may be revoked for compliance violations.
Pay Later for Business
Commercial deferred payment services. Director personal guarantees required above the $50,000 threshold. Terms assessed at account level.
Slack Banking for Business
Banking operations conducted via Slack integration. Message history is retained in full. Southbag cannot be held responsible for decisions made via chat.