Up is a neobank; shaking things up for Australians who love to bank from their smartphones! 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 boost your savings balance.
On top of that, the account's an award winner! Up's Everyday Account took out a 2023 Mozo Experts Choice Award in the Travel Debit Card category.
Let’s start by talking about what makes Up’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 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. It could even make a handy travel money companion, as there are zero international ATM withdrawal fees plus a 0% foreign exchange commission.
Anyone looking for an alternative option to the big four banks, which brings a little bit of innovation to the field may find Up 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.
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.
Balances from $0: 0.00% p.a. |
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n/a |
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n/a |
$0.00 |
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n/a |
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Unlimited eftpos, debit, ATM, and banking app transactions using the Up iOS or Android app. |
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$0.00 |
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Bendigo Bank |
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$0.00 |
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n/a |
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n/a |
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$0.00 |
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n/a |
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$0.00 |
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n/a |
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$0.00 |
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0% |
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$0.00 monthly |
$1.00 |
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$0.00 |
$1,000.00 |
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no |
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yes |
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no |
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no |
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no |
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yes |
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no |
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Bank and saving account only accessible through iOS or Android app. $10 fee for plastic debit card. |
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Optional roundup feature automatically rounds purchase to the nearest whole dollar and transfers difference to linked Saver Account. |
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none |
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none |
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none |
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$0.00 |
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$0.00 |
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0% |
Apple Pay, Google Wallet, PayID, Samsung Pay
Id say the only thing I can default them on is HAVING NO BRANCH but it is the best thanks
Read full reviewId say the only thing I can default them on is HAVING NO BRANCH but it is the best thanks
I have adhd and the way this bank is set up is wonderful to help with my saving which I've never been able to accomplish before.
Read full reviewI have adhd and the way this bank is set up is wonderful to help with my saving which I've never been able to accomplish before.
Up Bank has so many great features. I have about 15 different savings accounts for different goals that I can auto-transfer into, and it considers future direct debits so I save on fees. The only downside is that it took me a while to figure out all the features and mightn't be suitable for less tech-savvy individuals.
Read full reviewUp Bank has so many great features. I have about 15 different savings accounts for different goals that I can auto-transfer into, and it considers future direct debits so I save on fees. The only downside is that it took me a while to figure out all the features and mightn't be suitable for less tech-savvy individuals.
Online no fuss bank, hard to make large purchases (no bank to get cash or bank cheques)
Read full reviewOnline no fuss bank, hard to make large purchases (no bank to get cash or bank cheques)
Hands down the best banking app, so user friendly. The way the transactions are displayed, the ability to create several seperate savings categories and put away with round ups, automatic transfers and showing all upcoming expenses. So easy to manage money, save money and track spending. The customer service is 10/10, responsiveness and communication.
Read full reviewHands down the best banking app, so user friendly. The way the transactions are displayed, the ability to create several seperate savings categories and put away with round ups, automatic transfers and showing all upcoming expenses. So easy to manage money, save money and track spending. The customer service is 10/10, responsiveness and communication.
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.