The best way to spend and save.

Easy to try, no monthly fees, and a great interest rate on your savings.

No overseas purchase fees

No overseas fees online or in-store.

No monthly fees

Practically no fees at all, actually. Free for most standard use. Details below.

Multiple Savers

Instantly create multiple Savers within the Up app. It's easy.

Backed & guaranteed

Backed by the best, starting with: Bendigo and Adelaide Bank for banking, Mastercard for payments, and Google Cloud Platform for hosting.

Deposits provided through the Up apps are protected by the Financial Claims Scheme, up to $250,000 per person (in aggregate across all deposit products held with Bendigo and Adelaide Bank).

Up Fees, Rates & Charges

Section I of the Personal Accounts Terms & Conditions (we recommend you read these) contains a complete listing of our fees and charges. Below is the information relevant to most people, most of the time.

Up Everyday Accounts

Your Up account is free for most standard use. Interest is charged in the event your Up account becomes overdrawn.

Monthly service fee Free
Direct debits Free & unlimited
Online payments Free & unlimited
Deposits to Savers Free & unlimited
Domestic ATM withdrawals Free at most major Bank ATMs
Domestic ATM enquiry Free at most major Bank ATMs
International transaction fees 0%
International ATM withdrawal Free at most major Bank ATMs
International ATM enquiry Free at most major Bank ATMs
Overdrawn interest rate 11.23% p.a.

Up Savers

Up Savers are free to use, and they pay up to 1.85% p.a. interest. You can transfer money to and from your Up Savers and your Everyday Account as much as you like.

Monthly service fee Free
Interest rate Up to 1.85% p.a. (base 0.10% p.a. and bonus 1.75% p.a - details below)
Bonus interest Available on multiple Savers, up to a combined balance of $50,000
Bonus criteria 5 or more successful card purchases per month from your Everyday Account. No monthly deposits required.
Withdrawals from Savers Free & unlimited

These rates are effective from 7 April 2020.

Up Saver variable interest rate is made up of a base rate of 0.10% p.a. and a bonus rate of 1.75% p.a. (both subject to change).

The Up Savers bonus rate is available to Up customers performing five or more successful card purchases per calendar month. Qualifying card purchases consist of successful purchases made using your Up debit card, Apple Pay™, Google Pay™ and other digital wallets. Unfortunately, this does not include ATM transactions.

Up customers that meet the qualification criteria will receive an interest rate of 1.85% p.a. on the combined balance of all of their Up Saver accounts up to $50,000. The base rate alone will apply to combined Saver balances above $50,000.

If the monthly qualifying criteria is not met, only the base rate of 0.10% p.a. will apply to the combined balance of all Up Saver accounts for that calendar month.

Interest on Up Savers is calculated daily and paid monthly.