Ubank Spend Account
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.
Add the Ubank Spend Account to a Ubank 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 Save Account. Read on to learn more about the account, and the steps to follow to open one today.
Account keeping fee
ATM withdrawal fee
Overseas ATM withdrawal fee
Alison Banney is the banking and superannuation editor at Finder. She has written about finance for more than 8 years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.
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
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.
Apple Pay and Google Pay available instantly
You can link your Visa debit card to the Google Pay or Apple Pay app to make secure contactless payments with your phone or smartwatch, without using your physical debit card. You can even start using Google Pay and Apple Pay instantly when creating an account, before your debit card arrives.
Earn bonus interest on your savings
This account comes with a linked Save account. You can earn bonus interest on your Save balance if transfer at least $200 per month into either account. The bonus interest is applicable on balances up to $250,000. You can continue to make withdrawals and still earn bonus interest.
Tools to help you save and manage your spending
You can track your spending with the Spending Footprint tool to see where your money is going, and the automatic bill detection tool can help you manage your upcoming expenses.
See all your accounts in the ubank app
You can see your bank accounts from other banks as well as super fund and investment accounts all within your ubank app. This is super handy as it allows you to see all your money in the one place.
Internet and mobile banking
View your account balance, recent transactions and make transfers or online payments anywhere, anytime with Internet banking or via the ubank mobile banking app.
How to applyWhen you open this account you'll also get a linked Save account with it.
- You must be 18 years or older
- You must have an Australian residential address
- Your tax file number, or tax identification number if you're a US citizen
- Identification in the form of an Australian driver's license or passport
What happens after I submit my application?
Your new debit card will arrive in the mail to your residential address usually within three to five days.