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Add the UBank USpend to a UBank USave savings 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 USave savings account. Read on to learn more about the account, and the steps to follow to open one today.
$0
Account keeping fee
$0
ATM withdrawal fee
$0
Overseas ATM withdrawal fee
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Product Name | UBank USpend |
---|---|
Monthly account fee | $0 |
Card access | Visa |
ATM Withdrawal Fee | $0 |
Monthly deposit required to waive account fee | N/A |
Contactless Payments | Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay |
Review by
Alison Banney is the banking and investments editor at Finder. She has written about finance for over six 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 must be added to a UBank USave Account , it can’t be opened on its own. When you do link this account to a UBank USave, you’ll earn a competitive bonus interest rate on your USave balance when you deposit $200 a month into either account.
This transaction 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 also offers Sweep Technology, which is a handy feature that automatically moves money between your transaction and savings account to help you stick to your savings goal and ensure you always have enough money in your account for regular bills.
One fee to look out for is if you make a withdrawal at an ATM in Australia that isn’t owned by NAB, Westpac, CBA or ANZ. The ATM operator may charge you a fee, but this will always be displayed on the ATM screen before you need to confirm your withdrawal.