Up Bank Everyday Account

$0.00

Apple Pay, Google Pay, PayID, Samsung Pay

0% p.a.

Up Bank Everyday Account

$0.00

Apple Pay, Google Pay, PayID, Samsung Pay

0% p.a.

Mozo Review   Up Bank Everyday Account Review

Last updated: 20 August 2019.

What's hot:
  • 2019 Mozo Experts Choice Award

  • Optional round up feature to help you save

  • No ongoing fees

What's not:
  • $5 overseas ATM fee

Mozo snapshot:

Up Bank is an up and coming digital bank shaking things up for savers! Its Everyday Account comes with no account or network ATM fees, unlimited free transactions via its iOS or Android app and a round up feature to help you save your spare change. And it's already been named an award winner! The Everyday Account took out a 2019 Mozo Experts Choice Award in the Exceptional Everyday Account category.  


Key features:

Let’s start by talking about what makes Up Bank’s Everyday account a little bit different: it’s round-up feature. This feature works by rounding up each purchase you make with the linked debit card to the nearest dollar and transferring the difference to your linked Up Bank Saver Account. This can be great for making incremental additions to your savings, which may add up over the long run and make a real difference to your stash.

On top of this neat feature, the account comes with a number of other perks, such as unlimited free transactions via the iOS or Android app. The account also has no minimum balance required to open it and can be linked up with a BPAY account for making payments.

Plus, the account comes with no ongoing fees and no network ATM fees, so you won’t have some monthly fee slowly chipping away at your hard-earned cash. However, if you’ve got an upcoming trip and decided to make a withdrawal overseas, there is a $5 international ATM withdrawal fee.


Who it's good for:

Anyone looking for an alternate option to the big four banks, which brings a little bit of innovation to the field may find Up Bank to be the bank for them. Thanks to the round up feature, this account might also be perfect for you if you want to start saving your spare pennies without even thinking about it.

Any catches?

Up is a digital only bank, which means there's no branch access with this account - you can only access your account through the app. So if you do like to have the option of face-to-face customer service, this one might not be for you.

And if you plan on making a withdrawal from your account overseas, keep in mind that you will be charged an international withdrawal fee of $5.


Details

Rates and fees information correct as at 20 August 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.00% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • Unlimited eftpos, debit, ATM, and banking app transactions using the Up iOS or Android app.

  • $0.00

  • Bendigo Bank

  • $0.00

  • n/a

  • n/a

  • $0.00

  • n/a

  • $0.00

  • n/a

  • $5.00

  • 0%

  • $0.00 monthly

Other financial bits
  • $1.00

  • $0.00

Features
  • $1,000.00

  • no

  • yes

  • no

  • no

  • no

  • yes

  • no

  • Bank and saving account only accessible through iOS or Android app.

  • Optional roundup feature automatically rounds purchase to the nearest whole dollar and transfers difference to linked Saver Account.

Atm card
  • none

  • none

  • none

Debit card
  • $5.00

  • $0.00

  • 0%

Payment options

Apple Pay, Google Pay, PayID, Samsung Pay

Customer Reviews

This product is not currently reviewed.

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