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  • We can’t simplify
    making money.

    But we can
    simplify saving it.

    We can’t simplify
    making money.

    But we can
    simplify saving it.

    Download on the App StoreDownload the Android app on Google Play

    Savings and Transaction Account

Features

The USpend transaction account works hand in hand with the USave savings account. Smarter spending and more savings.


^See ‘Things you should know’ below.

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

Earn an extra 1.00% p.a. bonus interest on eligible balances in your USave savings accounts when you meet the bonus rate criteria.


View bonus rate criteria

Smart budgeting

Our smart budgeting tool Free2Spend lets you keep your savings goal on track by helping you know exactly how much you have to spend each day. 

Learn more

*How to get 1.10% p.a. variable rate on your USave savings account

Please note:

  • The deposit of $200 per month to your USpend transaction account or its linked USave savings account must be from a non-UBank account (for example your salary).
  • When eligible, the bonus variable interest of 1.00% p.a. will be applied to balances held in your USave savings accounts (and not your USpend transaction account). 
  • If you meet the bonus interest criteria in the current calendar month, you’ll earn bonus variable interest on eligible amounts in your USave accounts for that month. The interest will be paid in two credits into your accounts: 
    1. The first is interest calculated using the base variable rate 
    2. The second is interest calculated using the bonus variable rate
  • You’ll have to keep meeting the criteria each month to remain eligible for bonus variable interest in that month.

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

How to open an account

It's never been easier to open a UBank account. Download the App today and apply in minutes from your phone.

If you're looking for a joint account, apply here.

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