An Authorised Deposit-taking Institutions (or 'ADI') is an Australian government term for financial institutions in Australia which are supervised by the Australian Prudential Authority (APRA) and are authorised under the Banking Act 1959 to accept deposits from the public and can offer bank accounts. All banks (including Xinja) are covered under the Government's Financial Claims Scheme (FCS) which protects money held in our bank accounts up to a total value of $250,000 per person.