Hey there gamer

To earn our bonus interest rate on your Save accounts, you must have a Spend account and put $200+ each month into any of your Spend or Save accounts before 11:30pm (Sydney time) on the last day of each month. This doesn’t include internal transfers between accounts.

You can also take your money out at any time without affecting your bonus rate. It may seem too simple, but it’s really just that easy.

For example, if you put $100 into your Spend account and $100 into one of your Save accounts then you will earn bonus interest for that month on all of your individual Save accounts as well as on any shared Save accounts you hold with a partner-in-finance.

If you or your partner-in-finance deposit $200+ into any of your shared accounts during the month, you’ll not only get bonus interest on your shared Save account, but on any individual Save accounts held by either of you.

The bonus rate is only paid on balances up to $250K per customer.

Your Save account will not be eligible for bonus interest if you close or switch it to an offset account mid-month.

Base interest is calculated daily and paid monthly based on the total balance of your Save accounts. Each day, we’ll check your account balances and calculate the interest for each Save account. At the end of the month, we’ll add them up and pay it to your Save accounts. Bonus interest is also calculated daily and paid monthly, but only on balances up to $250K per customer. Find out how to check if you’re eligible for bonus interest.

If you are eligible for bonus interest, we will calculate the bonus interest each day on your Save accounts by first looking at your shared Save accounts, and then your individual Save accounts until we’ve calculated interest on up to $250K across these accounts.

Shared Save accounts

We’ll start by calculating interest on your shared Save account with the highest balance and then on the account with next highest balance. We’ll work down from there until we’ve calculated interest on all your eligible shared Save accounts. If more than one account has the same balance, we’ll calculate bonus interest on the one opened first.

With shared Save accounts, you’ll get bonus interest on half of your balance. For example, if you and your partner-in-finance have an account balance of $500K, you will just earn bonus interest on $250K of your balance. If your partner-in-finance is eligible, they’ll get bonus interest on their half of the account balance too.

In this above example, you will not receive bonus interest on any other Save accounts because you have already earned bonus interest on the $250K in your shared Save account. As your partner-in-finance has also already earned bonus interest on $250K in your shared Save account, they will not earn bonus interest on any of their other Save accounts.

Individual Save accounts

Just like shared Save accounts, we’ll also calculate interest on your individual Save account with the highest balance, and then on the account with the next highest balance, and so on. If you have any accounts with the same balance, we’ll start by calculating bonus interest on the one opened earliest.

Interest will then be paid into each of your eligible accounts at the end of the month based on our daily calculations.

If you still have questions, give us a call.

Yes, you can earn bonus interest on all your Save accounts if you meet the bonus rate eligibility criteria. The bonus rate is only paid on balances up to $250K per customer. For more info, check out our FAQ on earning bonus interest.

Once you’ve downloaded our app, make sure you enter the code GAMER20 during the sign-up process.

When you join us, you’ll get two accounts: a Spend account and a Save account.

Your Spend account lets you transfer money and make purchases using the linked Visa Debit card or your digital wallet.

Your Save account lets you earn interest on your money. Find out more about earning interest with our Save accounts. You can open an additional nine Save accounts, whether they’re individual or shared, via the app.

This offer is only available to new ubank customers.

The “GAMER20 bonus offer” is available to new customers who open an account using an eligible code before 30 September 2024, and who make 3 eligible purchases using their ubank debit card (including digital wallets) within 30 days of opening an account.

The offer is limited to one bonus payment per customer. Customers who were previously a ubank customer and closed their accounts within the past 12 months are not eligible for this offer.

The GAMER20 bonus offer cannot be used in conjunction with any other offer (unless we determine otherwise).

Only settled card purchases are eligible to meet the bonus criteria. This means we must wait until each card payment has been settled (no longer showing as “pending” in your transaction history) before you become eligible for the bonus payment. Each card purchase and transaction settlement must occur within 30 days of opening an account.

Eligible customers will receive a payment of $20 into their Spend account within a few days of fulfilling the bonus criteria.

There are always a few people who will try to game the system, so here are some fair play conditions.

We retain the absolute right to refuse to pay or cancel a “GAMER20 bonus” payment without notice to you. The reasons for us to refuse or cancel a payment may include, but are not limited to, if:

• we believe that your access to the ubank app is or may be fraudulent.
• we believe that you have threatened the security of ubank.
• we believe you have breached any of the ubank General Terms
• we believe you are acting in bad faith.
• we have closed your account.
• your account contains unpaid charges or is overdrawn.

We also retain the absolute right to stop the offer at any time and to change the conditions or incentive of the offer.