Question 1

What is the name of the competition?

Accepted Answer

$600k in Cash Prizes Promotion

Question 2

Who can enter the competition?

Accepted Answer

To enter the competition, you must:

Hold a Spend or Bills account, which must be open at the end of the Competition Period

Not be an Ineligible Entrant as set out below

Be at least 18 years when making an eligible deposit.

(the “Entry Requirements”)

Question 3

Who is not eligible to enter the competition?

Accepted Answer

Employees and contractors of the promoter and immediate family members of employees and contractors

Employees and contractors of the agencies or companies associated with the competition.

(the “Ineligible Entrants”)

Question 4

What are the Applicable States or Territories?

Accepted Answer

Australia-wide except South Australia

Question 5

How does someone enter the competition?

Accepted Answer

The Entrant must during the Competition Period deposit at least $3,000 in total (in one or more deposits) in a Draw Period into the same individual Spend, Bills or Save account. Internal transfers between your accounts are excluded. Transactions counted towards the $3,000+ are considered “Eligible Transactions”.

The timing of a deposit will be the time the deposit is received by Ubank as shown in its records (which may not be the time the deposit is made).

If you satisfy the criteria above, you will receive a maximum of one entry.

(the “Entry Method”).

Question 6

When will the competition run?

Accepted Answer

The competition starts on 31/03/2026 at 11.30pm (Sydney time) and ends on 30/09/2026 at 11.29pm (Sydney time).

(the “Competition Period”).

Question 7

What is the maximum number of entries per Entrant (the “Maximum Number of Entries”)?

Accepted Answer

The maximum Number of Entries per Entrant is one per Draw Period.

Question 8

What is each Draw Period?

Accepted Answer

There are six (6) Draw Periods as follows (each a “Draw Period”):

Draw Periods
Starts
Ends

April
11.30pm 31 March 2026
11.29pm 30 April 2026

May
11.30pm 30 April 2026
11.29pm 31 May 2026

June
11.30pm 31 May 2026
11.29pm 30 June 2026

July
11.30pm 30 June 2026
11.29pm 31 July 2026

August
11.30pm 31 July 2026
11.29pm 31 August 2026

September
11.30pm 31 August 2026
11.29pm 30 September 2026

All times are Sydney time.

Question 9

When and where will the Draw take place (the Prize Draw)?

Accepted Answer

Place:  Level 13, 447 Collins Street, Melbourne VIC 3000

Draw Periods
Date of Prize Draw (each a “Prize Draw”)
Time of Draw (Sydney time)

April
14/05/2026
2.30pm

May
15/06/2026
2.30pm

June
14/07/2026
2.30pm

July
14/08/2026
2.30pm

August
14/09/2026
2.30pm

September
14/10/2026
2.30pm

Question 10

How will the Winners be chosen?

Accepted Answer

For each Draw Period, the first 10 Eligible Entrants selected will each win a Prize.

Winners will be selected at random using a random electronic draw system.

Maximum of one Prize per Winner.

Question 11

What are the details of each prize?

Accepted Answer

There are 60 prizes of up to $10,000 each to be won (10 prizes per Prize Draw).

The prize awarded to each winner will be equal to twice the total of all Eligible Transactions made into the winner’s account/s during the relevant month, up to a maximum of $10,000.

(the “Prize”).

Question 12

What is the value of each prize?

Accepted Answer

Each prize is valued at up to $10,000 (inc GST)

Question 13

What is the total value of the prize pool?

Accepted Answer

Up to $600,000 (inc GST)

Question 14

Do any special conditions need to be met for the winner to accept the prize?

Accepted Answer

Having the account which meets the Deposit Criteria open so that the prize money can be paid into it as contemplated below.

Question 15

How are prizes to be claimed?

Accepted Answer

Prizes will be automatically paid to the account which met the Deposit Criteria within one week of notification, unless the winner elects to forfeit the prize.

Question 16

How and when will the winner(s) be notified?

Accepted Answer

Draw Periods
Notification Method
Prize Draw Notification Date

April
Outbound phone call, email
19/05/2026

May
Outbound phone call, email
18/06/2026

June
Outbound phone call, email
17/07/2026

July
Outbound phone call, email
17/08/2026

August
Outbound phone call, email
17/09/2026

September
Outbound phone call, email
19/10/2026

Question 17

How and when will the winner’s details be published?

Accepted Answer

Draw Periods
Publication date

April
27/05/2026

May
26/06/2026

June
24/07/2026

July
25/08/2026

August
25/09/2026

September
27/10/2026

Publication Method: The winner’s last name, first initial and postcode will be published on the Ubank website. Please see winners in the drop down below.

Question 18

Is there a fee for entry?

Accepted Answer

No, there is no entry fee.

Question 19

What happens with any unclaimed prizes?

Accepted Answer

If there are any unclaimed prizes, the Promoter will conduct a redraw to allocate those unclaimed prizes. All entries for the original draw, other than the Winners of the original draw, will be included in the redraw.

Draw Periods
Date of Unclaimed Prize Draw

April
15/06/2026

May
13/07/2026

June
11/08/2026

July
11/09/2026

August
12/10/2026

September
11/11/2026

The redraw will occur at the same time of day and place, and using the same method, as the original draw (the “Unclaimed Prize Draw”).

If a Winner is selected via an Unclaimed Prize Draw they will be notified on:

Draw Periods
Unclaimed Prize Draw Notification Date
Publication date

April
18/06/2026
No later than 19/06/2026

May
16/07/2026
No later than 17/07/2026

June
14/08/2026
No later than 17/08/2026

July
14/09/2026
No later than 15/09/2026

August
15/10/2026
No later than 16/10/2026

September
16/11/2026
No later than 17/11/2026

Publication method: The winner’s last name, first initial and postcode will be published on ubank.com.au.

Question 20

What is the permit number?

Accepted Answer

Authorised under NSW Authority No. TP/04836, ACT Permit No. TP 26/00650.1

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