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  • USpend transaction account

    •  No international fees charged by UBank
    •  No monthly fees
    •  Award-winning everyday account

    Eligible customers can earn +1.06% 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

    UBank USpend transaction account with Visa Debit Card


The USpend transaction account works hand in hand with the USave savings account. More savings and smarter spending.

No overseas fees

UBank Visa Debit card

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

$0 monthly fees with USpend

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


Bonus rate

USave + USpend bonus interest rate

Earn an extra 1.06% p.a. bonus interest on your USave savings accounts.

View bonus rate criteria


Sweep technology

USpend account and 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 1.60% 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:

  • The bonus variable interest of 1.06% p.a. will be applied to eligible balances held in each of your USave savings accounts (and not your USpend transaction account).

  • If you meet the bonus rate criteria this current month, you’ll start earning the bonus variable interest on your USave savings accounts 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 bonus interest rate

Why UBank?

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More than 500,000 Australian customers

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Award Winning Savings Account

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 a USpend transaction account

 To open a USpend transaction account, you'll first need an active USave account and have verified your identity.

Step 1 - Open a USave

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

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 an Ultra via iOS App

Open and link a USpend via iOS App.

Android and Desktop Users

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

  2. Make sure you have an active USave account and have verified your identity.

  3. Go to the ‘Managing’ tab, click ‘New Account’ and then click on the ‘USpend’ button.

Sweep Technology makes saving a breeze

Sweeps is a smart transfer that gives you convenient access to your spending money, while helping you earn maximum interest on your savings.

Sweep Technology

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 USpend transaction account fees & charges?

Here’s the breakdown.



Monthly account fee


Overdrawn fee


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)


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

Foreign exchange fee


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


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