ubank is an online bank that is backed by NAB, one of Australia's big four banks. It launched in 2008 with a competitive term deposit before expanding its product range to include home loans, savings accounts and bank accounts. As an online bank, ubank doesn't have a branch network but it does have a 24-hour, seven day a week 'person to person' phone banking centre for those wanting to speak to a real person. Best of all, cost savings are passed onto customers in the form of competitive rates and lower fees. In 2021, ubank merged with neobank 86 400, taking on its range of banking products.
I LIKE THIS BANK FOR ITS FLEXIBLE AND VERY COMPETITIVE HOME LOANS. THE EASE OF APPLICATION ALSO WAS A PLUS FACTOR BEING CONDUCTED EFFICIENTLY VIA PHONE AND INTERNET. I REALLY LIKE THE EASE WITH WHICH I CAN MAKE ADDITIONAL REPAYMENTS, AND THE REDRAW FACILITY WHICH AGAIN IS EASY AND DOES NOT HAVE YOU FILLING IN COPIOUS AMOUNTS OF PAPERWORK. MY STATEMENTS ARE CLEAR AND EASY TO UNDERSTAND AND THE CUSTOMER SERVICE HAS ALWAYS BEEN PROMPT, CURTEOUS AND EFFICIENT.
It is great with great interest rate.
No fees
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