ubank launches new bill paying account

By Evlin DuBose · · 2 min read
Fact Checked
Advertiser disclosure
Man excited about ubank's new Bills Account

It’s not often we see a new trend in bank accounts, but this could be one to watch. Ubank, Australia’s first homegrown digital bank, has just launched its new Bills Account. 

Designed to help Aussies pay bills, this account acts like a dedicated transaction account alongside your Spend and Save accounts. Simply stash the cash you need to pay monthly bills then spend knowing you won’t get caught short. 

Banks have been thinking of ways to bust bills for a while. Some of the snazziest features from digital banks include bill reminders, trackers, and automatic payments. Ubank’s Bills Account combines all of these and more. 

So, what do you need to know?

Perks of ubank’s Bills Account

Here are some of the useful upsides of ubank’s latest banking feature.

  • Free debit card. The Bills Account comes with a debit card for direct debit bills. Add the debit card to digital wallets like Apple Wallet, Samsung Pay, and Google Pay for extra convenience. 
  • Bill planner. Ubank will track and add up your bills, so you know how much you have to set aside every month. 
  • No ongoing, upfront, or dishonour fees. It can be rare to find a low-fee account, but ubank doesn’t charge ongoing or upfront fees on the Bills Account. Plus, there are no dishonour fees if you accidentally overdraw the Bills debit card.
  • Easy budgeting. Having a dedicated transaction account just for bills can be super convenient – the “set it and forget it” budgeting method. Simply set aside the money you need to meet your bills.
  • Can be used as an offset account. Have a ubank home loan? Your bill-paying account won’t earn you regular savings interest, but it can count as an offset account, which saves your interest on your mortgage. 

There are a few downsides to know. The ubank Bills Account isn’t a shared account, so you can’t split bills with your partner unless you both put money in, and it isn’t a savings account, so you won’t earn interest.

However, for ubank fans, the Bills Account is certainly a perk to check out.

Mozo may receive payment if you click products on our site. Mozo does not compare the entire market.
Important disclosures
ubank Spend Account
  • No domestic ATM, international ATM or transaction Fees
  • App to help track your spending with insights and predictions
  • 2023 Mozo Experts Choice Exceptional Everyday Account Award Winner
Find out more

The ubank spend account is an everyday bank account and money management tool all rolled into one. The account has no monthly, online payments, or overseas fees, making it a great option when travelling.

You can use the account with all the main digital payment methods (Apple, Google, Samsung, Fitbit and Garmin Pay) and access ATMs or payments via a physical card.

The app helps you to track upcoming expenses and bills and gives visibility to your spending so that you can avoid any late fees. It also lets you connect accounts with other banks so that you have a single view of your finances.

Plus, this everyday account won a Mozo Experts Choice Bank Account Award in 2023.

For more fintech recs, check out our best budgeting apps roundup. Compare bank accounts in the table below.

Compare savings accounts

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 172 bank accounts.
Last updated 15 December 2024 Important disclosures
  • Everyday Options Account

    $0.00

    Apple Pay, Google Wallet, PayID

    0.01% p.a.

    Enjoy 0% foreign currency conversion fees on Visa Debit card purchases. Plus make an eligible purchase using your linked Visa Debit card to earn cashback at participating merchants. $0 monthly account keeping fees & the option to open up to 9 sub-accounts. Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL 229882 Australian Credit Licence 229882). The SUNCORP brand and Sun Logo are used by Suncorp Bank (Norfina Limited) under licence and Suncorp Bank is not part of the Suncorp Group.

    Compare
    Go to site
    Details
  • Glide Account

    $0.00

    Apple Pay, Google Wallet, PayID, Samsung Pay, Garmin Pay

    0% p.a.

    Unlimited free internet transactions. Super fast transfers & use Apple Pay, Google Pay and Samsung Pay. No account keeping fees. Access Any Major Bank & MyState Bank ATM Fee-Free.

    Compare
    Go to site
    Details
  • Orange Everyday

    $0.00

    Apple Pay, Google Wallet, PayID, PayTo

    0% p.a.

    The everyday bank account that could pay you for paying bills. Get 1% cashback on eligible utility bills (up to $100), $0 ING international transaction fees, and up to 5 rebated ATM withdrawals a month here or overseas (T&Cs apply) and no monthly fees to pay. Mozo Experts Choice Awards Everyday & Savings Bank of the Year winner for 2024.^

    Compare
    Go to site
    Details
  • Everyday Global Account

    $0.00

    Apple Pay, Google Wallet

    0% p.a.

    Enjoy $0 monthly account fees and international fees, with no minimum deposit or balance requirements. Buy, hold and spend in 10 currencies (AUD included) and earn 2% cashback for purchases under $100 (T&C’s apply). Mozo's Experts Choice 2024 winner for Exceptional Everyday Account.^

    Compare
    Find out more
    Details
  • Everyday Account

    $0.00

    Apple Pay, Google Wallet, PayID, Samsung Pay

    0% p.a.

    Enjoy an all in one transaction account with no monthly service fee designed to help you easily manage your money. Link to your Bendigo Bank home loan to offset your monthly interest. Unlimited internet and app banking transfers, and Bendigo Bank ATM withdrawals. Unlimited EFTPOS withdrawals and retail purchases within Australia

    Compare
    Go to site
    Details

^See information about the Mozo Experts Choice Bank Account Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

Today's bank account rates