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

Mozo editorial review Up Everyday Account - last updated: 24 March 2021

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What's hot
  • Multiple Mozo Experts Choice Award winner 2021
  • $10 bonus when you use code MOZOUP10 at sign up
  • No ongoing fees
  • Optional round up feature to help you save
What's not
  • Only accessible through mobile app
Mozo snapshot

Up is an up and coming 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! The Everyday Account took out a 2021 Mozo Experts Choice Award in the Exceptional Everyday Account category, while Up also received separate awards for Banking Innovation and Excellent Banking App.   


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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 there are zero international ATM withdrawal fees plus a 0% foreign exchange commission.

Special bonus offer: Automatically receive $10 into your account when you sign up for a new Up account using the code MOZOUP10. 

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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 16 October 2021. 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

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