Up logo

Up Everyday Account

Advertiser disclosure
Account fee
$0.00
Payment options
Apple Pay, Google Pay, PayID, Samsung Pay
Interest rate
0% p.a.
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Mozo editorial review Up Everyday Account

Last updated: 20 February 2020.

binocular icon
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.  


key icon
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 20 January 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

Customer Reviews

How are Up bank accounts rated by the Mozo community?

Overall
9.1/10
Price
9.7/10
Features
8.8/10
Customer service
9.0/10
Convenience
8.5/10
Trust
8.7/10

Latest reviews of Up Everyday Account

  • Overall 10/10
    Fantastic bank and easy to use app

    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 review

    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.

    Price
    8/10
    Features
    10/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Rose, Victoria reviewed about 1 month ago
  • Overall 9/10
    Best bank in Australia.

    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 review

    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.

    Price
    10/10
    Features
    7/10
    Customer service
    -1/10
    Convenience
    6/10
    Trust
    10/10
    Less
    Isobella, Australian Capital Territory reviewed about 2 months ago
  • Overall 10/10
    UP Bank is fantastic

    I love using UP Bank. The App is super user friendly and actually motivates me to save, not an easy feat!

    Read full review

    I love using UP Bank. The App is super user friendly and actually motivates me to save, not an easy feat!

    Price
    10/10
    Features
    10/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Caitlin, Victoria reviewed 2 months ago
  • Overall 10/10
    Great customer service, better than big banks.

    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 review

    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.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Scott, Queensland reviewed 5 months ago
  • 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 7 months ago
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