In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Ubank Spend Account

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Ubank Spend Account

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Account keeping fee
$0
ATM withdrawal fee
$0
Overseas ATM withdrawal fee
$0

Our verdict

Pay no account keeping fees, no overseas ATM fees and no foreign transaction fees plus see your other bank accounts, super and investments all within your ubank app.

The first thing to note is that this transaction account comes with a linked Save Account . You’ll earn bonus interest rate on your Save balance when you deposit $200 a month into either account. The good thing about this account is you can make withdrawals from your Save account when needed and still be eligible for bonus interest.

The Spend account is great for everyday use in Australia, and as a fee-free travel money option when you’re overseas. It’s one of only a handful of accounts that charges no account keeping fees, no overseas ATM withdrawal fees and no international transaction fees.

You can link the Visa Debit Card to Apple Pay, Google Pay or Samsung Pay to pay with your phone instead of your card. The ubank mobile app allows you to link your other bank accounts, super fund and investment accounts

Pros

  • No account keeping fees
  • No overseas ATM fees or foreign transaction fees
  • Spending tracking tools
  • Access thousands of ATMs in Australia for free
  • Apple Pay and Google Pay available

In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Add the Ubank Spend Account to a Ubank High Interest Save Account and access any ATM overseas for free, and pay no foreign transaction fees on online purchases. You can link the account to Apple Pay to make contactless payments with your phone or an Apple Watch. Plus, you can earn a competitive interest rate on your savings.

This account must be added to a Ubank High Interest Save Account

Details

Key details

Product Name Ubank Spend Account
Monthly account fee $0
Card access Visa
Own network ATM fee $0
International transaction fee 0%
Monthly deposit required to waive account fee N/A
Contactless Payments Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay

Eligibility

Minimum Age 18
Joint account availability Yes
Minimum opening deposit N/A
Residency status Have an Australian Residential Address

Key features

Picture not described

No fees when using the Spend account overseas

You'll pay no overseas ATM withdrawal fees and no foreign transaction fees when using your Spend account internationally. Plus, you'll pay no foreign transaction fees when shopping online from overseas retailers.

Linked Visa debit card

This account comes with a linked Visa debit card which you can use to make payments in stores and online all around the world. The card also offers Visa PayWave, so you can tap and go without entering a PIN for purchases under $100.


How to apply

When you open this account you'll also get a linked Save account with it.

Eligibility

  • You must be 18 years or older
  • You must have an Australian residential address

Your reviews

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Ask a question

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Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

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Collin

February 18, 2024

Hello, I am Australian resident but I live in Germany at the present time, hence non resident address. I have a Commonwealth bank transactional account in Australian as I travel back and forth a deal. Can I open account?


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Sarah Megginson Finder

March 25, 2024

Hi Collin,


You must have an Australian address to apply for this account. You may want to contact Ubank to see what your options are? You can reach them on 13 30 80.


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Firoozeh Dabir

November 19, 2023

Hi there

Does this account have any overdraw feature?


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Jason Loewenthal Finder

December 12, 2023

Hi Firoozeh,


The Ubank Spend account doesn’t have an overdraft feature.


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Andy

October 11, 2023

Hi

How many fee free accounts can I open? I currently have different accounts for different expenses (Bills, mortgage, christmas etc) and wondering if I can do the same with Ubank?


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Angus Kidman Finder

October 18, 2023

Ubank currently lets you open a maximum of 1 individual and 1 shared Spend account.


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Iz

July 26, 2023

Ubank has no branches, do they charge withrawal fees at other ATM’s?


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Alison Banney Finder

August 01, 2023

Hi, you can use an Australian debit card to withdraw money for free at Big Four bank ATMs (CBA, NAB, ANZ and Westpac ATMs).


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voula

June 28, 2023

what is the exchange rate charge for aus dollars to euro when using the up visa debit card to make purchases overseas?


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Alison Banney Finder

June 29, 2023

Hi, the currency will be converted at the current Visa exchange rate. There are no international transaction fees.


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