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 2022 Mozo Experts Choice Award in the Exceptional Everyday Account category, while Up also received separate awards for Banking Innovation.
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.
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Balances from $0: 0.50% p.a. |
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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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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 |
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$1.00 |
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$0.00 |
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$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. |
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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 Pay, PayID, Samsung Pay
Card stop working accounts not registering properly and when I try to get assistance from customer support on the up app it's takes days for them to reply
Read full reviewCard stop working accounts not registering properly and when I try to get assistance from customer support on the up app it's takes days for them to reply
Up Bank is thee best bank I have ever been with or even dealt with. They are professional, fast and very helpful! I will and always do recommend Up Bank to everyone.
Read full reviewUp Bank is thee best bank I have ever been with or even dealt with. They are professional, fast and very helpful! I will and always do recommend Up Bank to everyone.
I absolutely love up banking. I have closed all my other banking accounts with my previous bank and have all my finance needs through up. The banking app is by far the ant's pants, it's so amazing and easy to navigate it makes banking fun with all its games and savings accounts and it also has games and 2up banking for joint accounts or shared bills and expenses. It's terrific I can not recommend up banking enough. The inly con would be their is no branches but that is not a problem for me as everything I need is in the app or customer service is just a phone call away and I can use any major ATM for cash withdrawals. Changing to up was the best decision I have ever made.
Read full reviewI absolutely love up banking. I have closed all my other banking accounts with my previous bank and have all my finance needs through up. The banking app is by far the ant's pants, it's so amazing and easy to navigate it makes banking fun with all its games and savings accounts and it also has games and 2up banking for joint accounts or shared bills and expenses. It's terrific I can not recommend up banking enough. The inly con would be their is no branches but that is not a problem for me as everything I need is in the app or customer service is just a phone call away and I can use any major ATM for cash withdrawals. Changing to up was the best decision I have ever made.
Totally inconvenienced when I needed to make a withdrawal. Made to take a selfie for security...?! Unacceptable. Withdrawing my money ASAP and cancelling account.
Read full reviewTotally inconvenienced when I needed to make a withdrawal. Made to take a selfie for security...?! Unacceptable. Withdrawing my money ASAP and cancelling account.
I would highly recommend up banking for anyone who is looking for a low- no fee easy going bank! They are the best!
Read full reviewI would highly recommend up banking for anyone who is looking for a low- no fee easy going bank! They are the best!
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