Eligible customers can earn +1.06% p.a. bonus variable interest on a linked USaver savings account by meeting the bonus interest criteria. See below for more details.
The Ultra transaction account works hand in hand with the USaver savings account. More savings and smarter spending.
No overseas fees
We don’t charge ATM withdrawal and foreign exchange fees when you access your Ultra transaction account overseas, or for online purchases with overseas merchants.
No monthly fees
We don’t charge you monthly account keeping fees like some other banks.
Sweep technology
Sweep Technology helps you earn maximum interest on your savings and have convenient access to your spending money 24/7.
Bonus rate
Earn an extra 1.06% p.a. bonus interest on your USaver savings account.
Earn up to 2.10% p.a. variable rate on your USaver when you combine it with an Ultra transaction account
Open a USaver savings account and link an Ultra transaction account.
Deposit at least $200 per month
Deposit at least $200 during the month into your Ultra transaction account or its linked USaver savings account from a non-UBank account (for example your salary).
Keep your account balance at $200,000 or less
Maintain a total balance of not more than $200,000 including USaver and Ultra, inclusive of all joint accounts.
Please note:
Why UBank?
More than 500,000 Australian customers
More than 10,000 customers joining every month
Your money is safe
Government Guaranteed deposits up to $250K*
Trusted with more than $16 Billion in deposits
*The Commonwealth Government guarantee applies on deposit balances up to $250,000 per person per authorised-deposit taking institution.
We’re an Australian Bank with more than 200 local support staff
To open an Ultra transaction account you first need an active USaver account and have verified your identity.
Step 1 - Open a USaver
Complete our easy online application on your computer.
Open a USaver in less than 5 mins.
Step 2 - Link an Ultra
iOS Users
You can now easily link an Ultra by downloading the UBank app, logging in and selecting ‘Open Ultra Transaction Account’
Open and link an Ultra via iOS App.
Android and Desktop Users
Open Ultra in Android coming in January!
Sweep Technology helps you earn maximum interest on your savings and have convenient access to your spending money 24/7.
Enjoy all the benefits of your UBank Visa Debit card with...
No UBank fees in Oz, or abroad
What are the Ultra transaction account fees & charges?
Here’s the breakdown.
$0
$0
$0 at any NAB operated ATM.
No ATM withdrawal fees at over 10,000 NAB, ANZ, CBA and Westpac Group ATMs
Other ATM operators may charge a fee to use their ATM.
$0
A fee may be charged by the operator of the ATM.
0%
This includes no foreign exchange fee for online purchases with overseas merchants.
Merchants may charge their own fees when you pay for goods and services using your UBank Visa Debit card.
Your Real-Time Budgeting & Saving Tool
Keep your savings goal on track by knowing exactly how much you have to spend each day. Now available in the banking app for new and existing customers.*
*iOS 10+ only | Android coming soon
UHomeLoan info: Govt charges may apply. The comparison rate is based on a secured loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given & may not include all fees & charges. Different terms, fees or other loan amounts might result in a different comparison rate. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
