Original ubank FAQs

Info on original ubank products

This FAQ is related to an original ubank product that new customers can no longer access. Head to our help centre if you want info about our current ubank products.

How do Sweeps benefit me?

Sweeps allow you to fix the minimum and maximum amount of money you’d like to have on hand in your USpend transaction account

Maximum: to help maximise your savings

You do not earn interest on balances held in your USpend transaction account. Sweeps automatically transfer any excess money (at least $1,000) in your USpend account to your USave savings account to earn our competitive interest rate.

Minimum: to help make sure you have enough for your daily spending

If your USpend balance gets too low, the overnight Sweep automatically tops it back up to your minimum balance (at least $100) to make sure you have enough money to make your everyday purchases.

Live Sweeps

If you are in-store in Australia, and spend more than your account balance, just insert your Visa Debit card, select Savings and enter your PIN to access the funds from your USave.

To change your sweep limits: To manage your sweep limits in the Mobile App, select More, then Manage Sweeps.

Can't find what you're looking for?

If our FAQs don’t have the answers you need, you can reach out to our support team.