Ubank Spend Account
We currently don't have this product on Finder
- 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 grow your balance by the end of the month.
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
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No overseas ATM fees or foreign transaction fees
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Spending tracking tools
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Access thousands of ATMs in Australia for free
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Apple Pay and Google Pay available
Details
Key details
| Product Name | Ubank Spend Account |
| Monthly account fee | $0 |
| Card access | Visa |
| Own network ATM fee | $0 |
| International ATM Fee | N/A |
| International transaction fee | 0% |
| Monthly deposit required to waive account fee | N/A |
| Contactless Payments | Apple Pay, Google Pay, Samsung Pay, Garmin Pay |
Eligibility
| Minimum Age | 16 |
| Joint account availability | Yes |
| Minimum opening deposit | N/A |
| Residency status | Have an Australian Residential Address |
"If you open a ubank savings account, you will also get access to the Spend Account. It's a great transaction account . There are no fees if you withdraw money when overseas and from time to time it rewards you for making purchases with the card. I tend to use this account sparingly as I mainly have the account for ubank's high savings rate, but this linked spending account is a good one."
Key features
Special offer:
Use code FINDER20 to score $20 after 5 card purchases in your first 30 days. See terms link on the app store.
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.
Sources
Your reviews
Alison Finder
Editorial Manager, Money
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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.
Firoozeh Dabir
November 19, 2023
Hi there
Does this account have any overdraw feature?
Jason Loewenthal Finder
December 12, 2023
Hi Firoozeh,
The Ubank Spend account doesn’t have an overdraft feature.
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?
Angus Kidman Finder
October 18, 2023
Ubank currently lets you open a maximum of 1 individual and 1 shared Spend account.
Iz
July 26, 2023
Ubank has no branches, do they charge withrawal fees at other ATM’s?
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).
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?
Alison Banney Finder
June 29, 2023
Hi, the currency will be converted at the current Visa exchange rate. There are no international transaction fees.
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?