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Xinja vs Up

We compare the two neobanks side by side to see which one comes out on top.


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If you're considering taking advantage of the features being offered by one of the new digital neobanks, two options to consider are Up and Xinja. Both are thinking about banking products and services in new ways and offer a range of unique features with their accounts.

We compare the main features of both banks below to help you decide which might be the better option for you.

Xinja vs Up

  • Best for spending analysis and insights: Up
  • Best for payment options: Up
  • Best for travel: Xinja
  • Best for saving: Up
  • Best for bill splitting: Xinja
  • Best for security and support: Xinja and Up
Account typePrepaid card and appTransaction account and savings account
Spending analysis and insightsXinja will categorise your spending automatically as well as give you a daily spend figure.
  • Winner

Up categorises your transactions and can predict your upcoming bills and expenses to help you budget better. You can also see the history of your spend with your billers. You'll also receive real-time reports into your spending and detailed information about your transactions, including time of day and location.

Payment optionsCurrently offers contactless payments but no digital wallet capabilities.
  • Winner

Up is available on Apple Pay, Google Pay, Garmin Pay and Fitbit Pay.

Bill splitting
  • Winner

You can split payments and bills between friends as well as request money from them.

Bill splitting is not currently available.
Savings accountNo savings option currently available.
  • Winner

Up's linked savings option offers round-ups, multiple savings accounts tied to your goals and a bonus interest rate of 1.5%.

Travel benefits
  • Winner

You won't be charged for international ATM withdrawals and you will be refunded the foreign currency conversion fee.

You won't be charged international fees on transactions online or in-store and you will be shown how much you are spending in the local currency as well as in AUD. However, a $0 international ATM fee applies.
Security and support
  • Tie

Lock and block your card at any time and get 24/7 support in the app.

  • Tie

You can lock and block your card within the app at any time and get support 24/7 in the app.

Fees and limits to consider
  • $0 monthly fee
  • $0 ATM withdrawal fee in Australia and overseas
  • maximum credit balance
  • 3.5% foreign currency fee is fully refunded
  • $0 monthly fee
  • $0 international ATM fee
  • Overdraft rate of 12.28%
  • 0.1% standard interest on savings
  • 1.5% introductory rate on savings applies for 4 months if you join before 1 February 2019
MoreFull Xinja reviewFull Up review

The verdict

Both Xinja and Up offer a number of innovative features in their accounts with minimal fees. As outlined in the table above, Up's spending analysis features are slightly more advanced at the moment. Your transactions are not only categorised but your bills are automatically recognised and you can get useful information for your transactions, including when you spend overseas. Also, if you're looking to set up a linked savings account and earn interest, then Up is the better option.

However, if you want an account to travel, Xinja will charge you no fees for international ATM withdrawals (which Up does). Xinja also offers a useful payment-splitting feature that would come in handy not only when travelling but also for everyday purchases between friends. Up does not offer this feature. So, if you want an account to travel with, Xinja may be a better option.

Keep in mind that Xinja's product is a prepaid card, not a transaction account. Up's product is a transaction account and you can use it to receive your salary into.

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