Xinja vs UBank

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ubank xinja comparisonFind out which innovative account will better suit your needs.

If you're looking to switch bank accounts or want to open a second account, both Xinja and UBank have a range of features that make them both options to consider.

Xinja is a new digital neobank and UBank is a larger online bank. Both accounts offer features to help you manage your money and keep your costs down. Here, we will compare the two so you can work out which is the right account for you.

Xinja vs UBank USaver Ultra

When compared side by side, here is how the two accounts fared:

  • Best for use as a transaction account: UBank
  • Best for travel: Xinja or UBank
  • Best for understanding your spending: Xinja
  • Best for bill splitting: Xinja
  • Best for payment options: UBank
  • Best for security and support: Xinja
Xinja UBank USaver Ultra
Account type Prepaid card and app Transaction account and linked savings account
Spending analysis and insights
  • Winner

Xinja automatically categorises your transactions, gives you insights into your spending with widgets and keeps you on track with a daily spend figure

UBank also offers some budget features. You can track your spending in the UBank mobile app and get a Safe2Spend figure to help you budget
Payment options Currently offers contactless payments but no digital wallet capabilities
  • Winner

Available on Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay and Visa PayWave available on Android

Bill splitting
  • Winner

Split payments between your friends or request money from them

No payment splitting feature is currently available
Savings account There is currently no savings account available
  • Winner

UBank USaver comes with a linked savings account with a bonus interest rate of

2.10% p.a. if you make monthly deposits of200. There is also optional sweep technology to automatically move money to your savings account
Travel benefits
  • Tie

No international ATM fees and you will be refunded the foreign currency fee

  • Tie

No international ATM fees and no foreign currency fees

Security and support
  • Winner

You can lock and unlock your card instantly and access live chat 24/7, all within the app

UBank has a live chat option on its website but you need to call them to cancel your card
Fees to consider
  • $0 monthly fee
  • $0 international and domestic ATM withdrawal fee
  • Foreign currency conversion fee is refunded
  • $0 ATM withdrawal fee
  • $0 overseas ATM withdrawal fee
  • $0 account-keeping fee
  • No foreign currency fee
More Xinja full review UBank full review

The verdict

If you are looking for an account that optimises your savings efforts, gives you an overview of your spending and doesn't charge you fees for travelling, UBank's USaver Ultra offers all of these features. It is also the option for you if you want to be able to use a digital wallet or if you have an Android phone.

Xinja, on the other hand, would be more suitable if you want deeper insights into your spending, to be able to split bills and request payments from friends, to be able to lock and block your card instantly in the app and benefit from no international fees (apart from the foreign currency fee which is fully refunded). Keep in mind, also, that Xinja is consistently adding more functionality to its app and products. So if a feature that is important to you is not available now, it may be included down the track.

Both Xinja and UBank offer a range of features that can benefit you depending on how you want to manage your money. However, if you are still not sure if either option is right for you, you can compare other bank account options, including digital banks, to find the best one for you.

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