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The perks of being a UBank cardholder

Savings accounts and home loans are our bread and butter. But did you know you can have the ultimate banking trifecta with UBank when you open a transaction account with no international fees? You’ll also unlock one of the best bonus interest rates out there when you sign up for one.

What is USaver?

The name says it all, USaver is our savings account. If you’re in the market to save, whether it be for a holiday or your first house, USaver could help get you there. No-strings, no sign up or monthly fees and no minimum deposit required. You can feel confident knowing the money you’re diligently putting aside is getting a healthy dose of interest, calculated daily.

What is Ultra?

If you want a little more out of your USaver, as well as the ease of making daily transactions and no overseas ATM or transaction fees, adding an Ultra transaction account is the way to go. Ultra has no monthly fees, and a cheeky bonus rate. What’s not to love?

USaver and Ultra go together like vegemite and toast. They’re linked together, so the Ultra works hand in hand with your USaver to boost your savings.

Again, there’s no fees whatsoever. And when you chuck in just $200 a month to either account (your salary for example), you’ll unlock our 1.06% p.a. bonus interest rate earning you a whopping 2.10% p.a. total interest rate on your USaver savings*. 

We also use Sweep technology so you can have most of your money earning maximum interest in your USaver, with your spending money automatically swept (transferred) into your Ultra account ready for when you need it. Pretty cool, right?

Be fee-free, overseas!

When you’re done saving for that European vaycay, we want your money to go towards creating amazing memories, and always having room for dessert. That’s why we don’t charge ATM withdrawal and foreign exchange fees when accessing your Ultra account overseas.

If you’re an iOS customer, you can switch on push notifications to get your security code sent from within the UBank app, all you need is Wi-fi access.

Unleash your saving potential with access to Free2Spend

Here’s where having an Ultra account gets even better: you automatically get access to Free2Spend, our fab in-app tool that helps you keep on top of your savings goals, while comfortably knowing exactly how much you have to spend every day. 

With one simple tool, you can input your savings goal (with a time-frame, like 12 months) and tag in all your bills and fixed expenses like rent, groceries and transport. Free2Spend will automatically send the right amount of savings into your USaver each pay cycle, and the rest? You’ll get a daily Free2Spend number, so you know exactly how much you can play with each day. Which means, when you want to splurge on that long lunch or reward yourself with a takeaway after a busy day, you can do so knowing your holiday is still within sight.

The PINs-and-outs of our accounts

A couple of things to note when it comes to PIN numbers and your Ultra VISA debit card:

  • Your card will be sent to you first
  • Next, you’ll receive your 4-digit PIN. Memorise this (we then recommend destroying the paper copy)
  • Your card comes with contactless payment tech of course, but you’ll need to make an initial purchase using your PIN before you can start tapping

Re-issuing PINs

If you do need a new PIN reissued at any stage, you can easily request one to be sent out from your UBank app. Your new PIN will be mailed out to you within 3 - 5 business days, so make sure you’re factoring that in when it comes to your cash needs during that period. PINs can’t be reissued online or over the phone.

Don’t let these perks pass you by. Sign up to your very own high-interest earning USaver & Ultra accounts, today.

 

*[01] Interest earned on nominated Savings account only. Rate includes 1.06% p.a. bonus rate. Conditions apply.

[02] To get the bonus rate, you must deposit at least $200 a month into your USaver Ultra transaction or USaver savings account from a non-UBank account (for example, your salary). Also, the total balance of all your accounts must not exceed $200,000.

Provided you meet the criteria in the current month, you’ll start earning the bonus interest on your linked USaver savings account from the 1st of the following month.


The information contained in this article is of a general nature only. It doesn’t take account of any person’s objectives, financial situation or needs. Before acting on this information, you should consider whether it is appropriate for your circumstances and seek independent legal, financial, and taxation advice.