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.
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.
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.
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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$0.00
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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
$1.00
$0.00
$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.
none
none
none
$0.00
$0.00
0%
Apple Pay, Google Pay, PayID, Samsung Pay
I like UP bank because it’s not one of the major 4 banks being part of Bendigo bank. Their savings program of rounding up transactions is clever and you save money without even noticing. The app is very user friendly and full of convenient features. The only con is ATM fees, but great for online.
Read full reviewI like UP bank because it’s not one of the major 4 banks being part of Bendigo bank. Their savings program of rounding up transactions is clever and you save money without even noticing. The app is very user friendly and full of convenient features. The only con is ATM fees, but great for online.
I wish they had an option to deposit cash into the account and perhaps have joint accounts, however it is so convenient and the saver feature is amazing, as are the roundups. Love it.
Read full reviewI wish they had an option to deposit cash into the account and perhaps have joint accounts, however it is so convenient and the saver feature is amazing, as are the roundups. Love it.
I love using UP Bank. The App is super user friendly and actually motivates me to save, not an easy feat!
Read full reviewI love using UP Bank. The App is super user friendly and actually motivates me to save, not an easy feat!
Best bank I have found in the over 30 years I have been banking as an adult. Best interest, best service 24 Hours, easiest way to save money while using your everyday account.
Read full reviewBest bank I have found in the over 30 years I have been banking as an adult. Best interest, best service 24 Hours, easiest way to save money while using your everyday account.
The app is by far the best of any bank I've used, which makes using this bank a really good time.
Read full reviewThe app is by far the best of any bank I've used, which makes using this bank a really good time.
MyState Bank
Glide Account
$0.00
Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay, Garmin
0% p.a.
NAB
Classic Banking Account (with Standard Visa Debit Card)
$0.00
Apple Pay, Google Pay, PayID, Samsung Pay
0.01% p.a.
