If you love the convenience of everyday banking with your smartphone, then look no further than the Spend Account from ubank. With this transaction account, you’ll be able to transfer money and make regular purchases with either a linked Visa Debit Card or a digital wallet, including Apple Pay, Google Pay, PayID, Samsung Pay, Fitbit Pay and Garmin Pay.
What’s more, the ubank Spend Account doesn’t charge you any ongoing monthly fees to keep it open.
Starting with everyday transaction account basics, the ubank Spend Account has no minimum opening deposits or minimum balance requirements – and you won’t have to worry about any ongoing monthly service fees.
Because the Spend Account is completely app-based and accessible only through an iOS or Android app, it doesn't offer any branch access, so it will suit users who prefer to do their banking on their smartphone rather than through a traditional brick and mortar bank.
With the Spend Account, you won’t even need to bring your physical debit card with you while you shop. That’s because the account lets you pay with your smartphone after you link it to any of the following digital wallets: Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay.
The account is also compatible with PayID, which means you’ll be able to transfer money almost instantly to friends and family with other eligible accounts.
If you’re in need of physical cash, the Spend Account lets users withdraw a maximum $2,000 a day from the ATM, though remember that ATM operator fees may apply.
The ubank card could also be a handy travel companion, as it gives you access to international ATMs at no extra cost (ATM provider fees may apply though) and you'll be able to make international transactions – whether that's on holiday overseas or during an online shopping spree – without a fee!
The Spend Account is a good choice for tech-savvy Aussies who want to bank and make transactions with their smartphone and digital wallets, without having to worry about any pesky monthly service fees.
Just bear in mind that you might be charged an ATM fee with your ubank debit card unless you withdraw money at a major bank (ANZ, Commbank, NAB, Westpac) ATM.
The Spend Account also has a $2,000 ATM daily withdrawal limit, so you’ll need to plan in advance if you’re going to make any big purchases.
Balances from $0: 0.00% p.a. |
|
n/a |
|
n/a |
$0.00 |
|
n/a |
|
Unlimited eftpos, debit, ATM, and banking app transactions using internet banking or the ubank iOS or Android app. |
|
$0.00 |
|
none |
|
$0.00 |
|
n/a |
|
n/a |
|
$0.00 |
|
n/a |
|
$0.00 |
|
n/a |
|
$0.00 |
|
0% |
|
$0.00 monthly |
$0.00 |
|
$0.00 |
$2,000.00 |
|
no |
|
no |
|
yes |
|
no |
|
no |
|
no |
|
no |
|
Bank and saving new account sign up only accessible through iOS or Android app. |
|
none |
|
|
none |
|
none |
|
none |
|
|
$0.00 |
|
$0.00 |
|
0% |
Apple Pay, Google Wallet, PayID, Samsung Pay, Fitbit Pay, Garmin Pay
I have had nothing but good experiences with my bank from word go they have been very helpful when i needed them so thanks ubank i dont get atm fee or anything
Read full reviewI have had nothing but good experiences with my bank from word go they have been very helpful when i needed them so thanks ubank i dont get atm fee or anything
ubank has a simple product offering and a simple app, but it's pretty close to perfect for my needs. Interest rate on savings is the best without having to jump through various hoops. The app could probably be improved by adding more details to the display, but not everyone wants that.
Read full reviewubank has a simple product offering and a simple app, but it's pretty close to perfect for my needs. Interest rate on savings is the best without having to jump through various hoops. The app could probably be improved by adding more details to the display, but not everyone wants that.
it's all fine.
Read full reviewI really enjoy the ubank app as one of my top choices for banking. Sign up is easy, logging in is easy, the colour scheme is inviting, the ability to add your other accounts outside of ubank to the one page via their app is a wonderful feature that helps keep you on track with your spendings and savings and gives you more control over your finances. I seem to only be able to order one card for only one spend account, but I suppose that’s all you really need at the end of the day! The only con I could possibly think of is that it’s potentially TOO easy to sign up and have an actively running bank account. Due to there being no store to go into face to face; and no form of biometric verification during sign up, that leaves a bit of a grey area in which could be preyed on by fraudsters. Would recommend they up their security measures upon the original sign up, using facial recognition/ biometrics to confirm customer’s identity, ensuring both the customer and them as a business are kept safe.
Read full reviewI really enjoy the ubank app as one of my top choices for banking. Sign up is easy, logging in is easy, the colour scheme is inviting, the ability to add your other accounts outside of ubank to the one page via their app is a wonderful feature that helps keep you on track with your spendings and savings and gives you more control over your finances. I seem to only be able to order one card for only one spend account, but I suppose that’s all you really need at the end of the day! The only con I could possibly think of is that it’s potentially TOO easy to sign up and have an actively running bank account. Due to there being no store to go into face to face; and no form of biometric verification during sign up, that leaves a bit of a grey area in which could be preyed on by fraudsters. Would recommend they up their security measures upon the original sign up, using facial recognition/ biometrics to confirm customer’s identity, ensuring both the customer and them as a business are kept safe.
I love that everything is made easy. The customer service is fast and efficient every time. The staff are friendly and take the time to ensure you have what you need.
Read full reviewI love that everything is made easy. The customer service is fast and efficient every time. The staff are friendly and take the time to ensure you have what you need.
Spend Account
$0.00
Apple Pay, Google Wallet, PayID, Samsung Pay, Fitbit Pay, Garmin Pay
0% p.a.
Glide Account
$0.00
Apple Pay, Google Wallet, PayID, Samsung Pay, FitBit Pay, Garmin
0% p.a.