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
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
| 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 |
| Minimum Age | 18 |
| Joint account availability | Yes |
| Minimum opening deposit | N/A |
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.
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.
Alison Finder
Editor
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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.
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.
BARBARA
June 23, 2023
Hi, I am considering to open a new bank account with you and get the $ 40 $ Bonus.
How much money do I have to deposit?
What type of account would that be?
Thanks very much
Alison Banney Finder
June 27, 2023
Hi Barbara,
Please note that you’ve reached Finder, and independent comparison site, not Ubank.
To get the $40 cashback offer you need to open the account via Finder and apply the code BONUS40. You also need to make 3 purchases within the first 30 days of opening the account.
There is no minimum deposit required to earn this cash back offer, however if you want to earn bonus interest on the account you need to deposit $200 per month.
Thanks,
Alison
Vihanga
June 09, 2023
Hi, where can I find the Ubank’s international conversion rates? Also, if I withdraw money from an ATM that has the Visa accepted sign, will any fee incur still?
Alison Banney Finder
June 22, 2023
Hi, the rate that your currency is converted when using your card overseas is determined by Visa at the time of the transaction, not set by Ubank. ATM operators may charge their own fee when you want to withdraw cash, they’ll alert you to this fee at the time of the transaction so you can choose to go ahead with the withdrawal or not.
Thanks,
Alison
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?