Thumbnail icon for Up

Up Everyday Account

Account fee
$0.00
Payment options
Apple Pay, Google Pay, PayID, Samsung Pay
Interest rate
0% p.a.
Go to site

Mozo editorial review Up Everyday Account

Last updated: 20 February 2020.

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What's hot
  • 2020 Everyday & Savings Bank of The Year
  • $5 bonus when you use code MOZO5 at sign up
  • No ongoing fees
  • Optional round up feature to help you save
What's not
  • Only accessible through mobile app
Mozo snapshot

2020 Everyday & Savings Bank of The Year, 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. 

On top of its major award, the Everyday Account took out a 2020 Mozo Experts Choice Award in the Exceptional Everyday Account category.  


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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. It could even make a handy travel money companion, as the there are zero international ATM withdrawal fees plus a 0% foreign exchange commission.

Special bonus offer: Automatically receive $5 into your account when you sign up for a new Up account using the code MOZO5. 

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Who is it good for

Anyone looking for an alternative 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.

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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.


Details

Rates and fees information correct as at 3 July 2020. 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

  • $0.00

  • 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
  • $0.00

  • $0.00

  • 0%

Payment options

Apple Pay, Google Pay, PayID, Samsung Pay

Customer Reviews

How are Up bank accounts rated by the Mozo community?

Overall customer rating
8.7/10
Price
9.8/10
Features
8.7/10
Customer service
8.7/10
Convenience
8.6/10
Trust
8.2/10

Latest reviews of Up Everyday Account

  • Overall 9/10
    Best mobile app.

    The app is by far the best of any bank I've used, which makes using this bank a really good time.

    Read full review

    The app is by far the best of any bank I've used, which makes using this bank a really good time.

    Price
    10/10
    Features
    10/10
    Customer service
    -1/10
    Convenience
    10/10
    Trust
    8/10
    Less
    Michael, Victoria reviewed 4 days ago
  • Overall 10/10
    Seriously easy to use, great customer service

    Seriously easy to use, great customer service and the user experience using the app is top notch.

    Read full review

    Seriously easy to use, great customer service and the user experience using the app is top notch.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Crystal, Queensland reviewed 7 days ago
  • Overall 9/10
    Up and away!

    Great rates, incredible app, and awesome service. Only downside is there is no-one to call if you need assistance, you have to send a message through their app - however their response times are good so it's not make or break for me!

    Read full review

    Great rates, incredible app, and awesome service. Only downside is there is no-one to call if you need assistance, you have to send a message through their app - however their response times are good so it's not make or break for me!

    Price
    10/10
    Features
    10/10
    Customer service
    7/10
    Convenience
    10/10
    Trust
    7/10
    Less
    Rosie, Queensland reviewed 8 days ago
  • Overall 9/10
    Easy and great features!

    I like this bank as it suits my needs, its easy to use and fun format! I like that it has a round up savers account, where it rounds up your everyday purchases to a whole dollar which goes into your savings account.

    Read full review

    I like this bank as it suits my needs, its easy to use and fun format! I like that it has a round up savers account, where it rounds up your everyday purchases to a whole dollar which goes into your savings account.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    7/10
    Trust
    10/10
    Less
    Kirra, South Australia reviewed 11 days ago
  • Overall 0/10
    Horrible.

    Locked account and customer service won't respond. They left me without any money at all.

    Read full review

    Locked account and customer service won't respond. They left me without any money at all.

    Price
    -1/10
    Features
    -1/10
    Customer service
    0/10
    Convenience
    -1/10
    Trust
    0/10
    Less
    Joel, Victoria reviewed 11 days ago

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