8.3 / 10

based on 870 UBank banking product reviews as rated by Mozo community

UBank bank accounts

UBank is an online bank which is backed by NAB, one of Australia's big four banks. UBank launched in 2008 with a competitive term deposit product, but has since expanded its range of products to include competitive home loans, savings accounts and Mozo Experts Choice Award winning bank accounts. 

UBank offers the following bank accounts

Rates and fees verified as correct at 03 August, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Account fee Payment options Interest rate
USpend Transaction Account

$0.00

Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit

0% p.a.

How are UBank bank accounts rated?

Mozo users have rated UBank bank accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of bank-accounts
UBank bank accounts
Overall
8.7/10
Price
Features
Customer service
Convenience
Trust

35 Reviews

Recent UBank bank account reviews

UBank USpend Transaction Account
Overall 7/10
Worthwhile - savings is very competitive

There are no specific atms for this bank, but can use others without too much concern of fees The only thing I’d say is the app is behind in the use of technology when compared to other banks We just got fast pay ... but still no access to PayID.

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There are no specific atms for this bank, but can use others without too much concern of fees The only thing I’d say is the app is behind in the use of technology when compared to other banks We just got fast pay ... but still no access to PayID.

Price
8/10
Features
7/10
Customer service
7/10
Convenience
6/10
Trust
8/10
Less
Linda, Victoria, reviewed about 1 month ago
UBank Bank Account
Overall 9/10
Auto swept

No interest, only for transaction. Yet it has the auto swept function to top up the balance to $100 mark. And it also auto swept for the transaction greater than $100.

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No interest, only for transaction. Yet it has the auto swept function to top up the balance to $100 mark. And it also auto swept for the transaction greater than $100.

Price
5/10
Features
1/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Meilee, New South Wales, reviewed 5 months ago
UBank USpend Transaction Account
Overall 10/10
It can auto sweep to the balance.

Saving kept at $100 balance, but with the ability to auto sweep from the other account in the bank to top it back up if it’s being used.

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Saving kept at $100 balance, but with the ability to auto sweep from the other account in the bank to top it back up if it’s being used.

Features
1/10
Customer service
9/10
Trust
10/10
Less
John, New South Wales, reviewed 5 months ago
UBank USpend Transaction Account
Overall 10/10
Love UBank.

Great interest rates, low fees and convienient.

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Great interest rates, low fees and convienient.

Price
8/10
Convenience
10/10
Trust
10/10
Less
Kathleen, Victoria, reviewed 6 months ago

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