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  • Ultra transaction account

    • No international fees charged by UBank
    • No monthly fees
    • Canstar’s bank of the year 5 years in a row

    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.

    UBank Ultra transaction account with Visa Debit Card

Features

The Ultra transaction account works hand in hand with the USaver savings account. More savings and smarter spending.

No overseas fees

24/7 access with your UBank Visa Debit card

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

$0 monthly fees with USaver Ultra

We don’t charge you monthly account keeping fees like some other banks.

 

Sweep technology

USaver Ultra sweep technology

Sweep Technology helps you earn maximum interest on your savings and have convenient access to your spending money 24/7.

Bonus rate

USaver Ultra 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

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Open a USaver savings account and link an Ultra transaction account.

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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).

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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:

  • The bonus variable interest of 1.06% p.a. will be applied to balances held in your USaver savings account (and not your Ultra transaction account).

  • If you meet the bonus rate criteria this month, you’ll earn bonus variable interest on your USaver savings account from the 1st of the following calendar month.

  • You’ll have to keep meeting the criteria each month to remain eligible for bonus variable interest the following calendar month.
Unlock our USaver Ultra Bonus Interest Rate

Why UBank?

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More than 500,000 Australian customers

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More than 10,000 customers joining every month

Your money is safe

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Government Guaranteed deposits up to $250K*

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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

How to open an Ultra transaction account

 To open an Ultra transaction account you must have a USaver with a balance of at least $1 OR have a UHomeLoan.

Step 1 - Open a USaver

Step 1 - Open a USaver

  1. Complete our easy online application on your computer.

  2. Log in to Online Banking straightaway to verify your identity.

Open a USaver in less than 5 mins.

Step 2 - Link an Ultra

Step 2 - Link an Ultra

Log in to UBank’s Online Banking from your computer.

Simply make sure you have an active UBank USaver savings account with a balance of at least $1.” After the highlighted sentence.

  1. Go to the ‘Managing’ tab

  2. Click ‘New Account’

  3. Click on the ‘USaver Ultra’ button
Open and link an Ultra via iOS App

NEW! Open and link an Ultra via iOS App.
Android coming soon.

Sweep Technology makes saving a breeze

Sweep Technology helps you earn maximum interest on your savings and have convenient access to your spending money 24/7.

Pay the way you want to


Enjoy all the benefits of your UBank Visa Debit card with...

Apple Pay, Samsung Pay, Google Pay
Pay the way you want to

No UBank fees in Oz, or abroad

What are the Ultra transaction account fees & charges?


Here’s the breakdown.

Fees

Charges

Monthly account fee

$0

Overdrawn fee

$0

ATM withdrawal fee (Australia)

$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.

ATM withdrawal fee (Overseas)

$0

A fee may be charged by the operator of the ATM.

Foreign exchange fee

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.

See how your money can grow

Free2Spend


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

UBank Free2Spend - Real-Time Budgeting & Saving Tool