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Eligible customers can earn +1.00% p.a. bonus variable interest on a linked USave savings account by meeting the bonus interest criteria. See below for more details.
If you have a Commonwealth Seniors Health, Health Care, or a Pensioner Concession card, click here
The USpend transaction account works hand in hand with the USave savings account. More savings and smarter spending.
No overseas fees
We don’t charge ATM withdrawal and foreign exchange fees when you access your USpend 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.
Bonus rate
Sweep technology
Sweep Technology helps you earn maximum interest on your savings and have convenient access to your spending money 24/7.
Earn up to 1.25% p.a. variable rate on your USave when you combine it with a USpend transaction account
Open a USave savings account and link a USpend transaction account.
Deposit at least $200 per month
Deposit at least $200 each month into your USpend or its linked USave from a non-UBank account (for example your salary).
Keep your total account balances at $250,000 or less
Maintain a total balance of not more than $250,000 across your USave and USpend accounts, inclusive of all joint accounts.
Please note:
Why UBank?
More than 500,000 Australian customers
Award Winning Savings Account
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 a USpend transaction account, you'll first need an active USave account and have verified your identity.
Step 1 - Open a USave
Complete our easy online application on your computer.
Open a USave in less than 5 mins.
Step 2 - Link a USpend
iOS Users
You can now easily link a USpend by downloading the UBank app, logging in and selecting ‘Open USpend Transaction Account’
Open and link a USpend via iOS App.
Android and Desktop Users
Sweeps is a smart transfer that gives you convenient access to your spending money, while helping you earn maximum interest on your savings.
Enjoy all the benefits of your UBank Visa Debit card with...
No UBank fees in Oz, or abroad
What are the USpend 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: Credit is provided by AFSH Nominees Pty Ltd Australian Credit Licence 391192. UBank is the mortgage manager for UHomeLoan products. 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 applies only to the example or examples given. Different amounts and terms will result in different comparison rates. 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.
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