8.4 / 10

based on 850 reviews as rated by Mozo community

UBank bank accounts

UBank is a new direct bank which is backed by NAB, one of Australia's big four banks. UBank launched in 2008 with a competitive term deposit product, which customers can apply for and manage online. As a direct bank, UBank doesn't have a branch network but it does have a 24-hour, seven day a week 'person to person' phone banking centre for those wanting to speak to a real person. Cost savings are passed onto customers in the form of higher rates and lower fees. UBank now has a range of competitive term deposits, super and savings accounts. In 2011, it launched UHomeloan for refinancing its first home loan product.

UBank offers the following bank accounts

Rates and fees verified as correct at 24 November, 2020. 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.

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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
8.6/10
Price
Features
Customer service
Convenience
Trust

31 Reviews

Recent UBank bank account reviews

UBank USpend Transaction Account review
Overall 10/10
They make it easier for me to save

They make it easy for me to save.

Read full review

They make it easy for me to save.

Price
10/10
Features
10/10
Convenience
10/10
Trust
10/10
Less
Susannah, Australian Capital Territory reviewed 2 months ago
UBank Bank Account review
Overall 9/10
Excellent bank with lots of great features

Excellent product. No account or international transaction fees. The sweep feature allows you to specify how much money you would like to keep in your transaction account, with whatever amount is over that automatically put into your savings account. It also calculates how much your daily spend should be, and automatically adjusts that if you spend over or under. The only downside is that there is not PayID yet.

Read full review

Excellent product. No account or international transaction fees. The sweep feature allows you to specify how much money you would like to keep in your transaction account, with whatever amount is over that automatically put into your savings account. It also calculates how much your daily spend should be, and automatically adjusts that if you spend over or under. The only downside is that there is not PayID yet.

Price
10/10
Features
8/10
Customer service
8/10
Convenience
7/10
Trust
8/10
Less
Andy, South Australia reviewed 5 months ago
UBank USpend Transaction Account review
Overall 10/10
Quick, easy, best interest rates.

uBank is a subsidiary of NAB and is an online only bank. They've consistently offered the best interest rates and are really great at communicating changes/eligibility requirements for bonus interest etc. Very happy with them!

Read full review

uBank is a subsidiary of NAB and is an online only bank. They've consistently offered the best interest rates and are really great at communicating changes/eligibility requirements for bonus interest etc. Very happy with them!

Price
10/10
Features
8/10
Customer service
8/10
Convenience
10/10
Trust
10/10
Less
Chris, Victoria reviewed 5 months ago
UBank Bank Account review
Overall 9/10
Set and forget with a competive rate!

The sweep feature is brilliant, never have to worry about moving money about. The card is not terrible looking like some other banks. No international fees is good. Never have to go to a branch. Good!

Read full review

The sweep feature is brilliant, never have to worry about moving money about. The card is not terrible looking like some other banks. No international fees is good. Never have to go to a branch. Good!

Price
9/10
Features
9/10
Customer service
7/10
Convenience
9/10
Trust
8/10
Less
James, Victoria reviewed 7 months ago

Bank account quick links