Pricing | Up - Super Powered Banking

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. There are fees for making overseas cash withdrawals and balance checks. Interest is also 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 $5.00
International ATM enquiry $1.50
Overdrawn interest rate 12.08% p.a.

Up Savers

Up Savers are free to use and pay up to 2.50% p.a. interest. You can only transfer money to and from your Up Savers using your Everyday Account and you can do this as much as you like.

Monthly service fee Free
Interest rate Up to 2.50% p.a. (base 0.50% p.a. and bonus 2.00% 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 17 June 2019.

Up Saver variable interest rate is made up of a base rate of 0.50% p.a. and a bonus rate of 2.00% 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 2.50% 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 0.50% p.a. will apply to the combined balance of all Up Saver accounts for that calendar month.

The Up Saver interest rate described above will apply to all Up customers who join Up on and from 17 June 2019.

Up Saver accounts of those customers who joined Up earlier than 1 February 2019 are entitled to Up’s 2.50% p.a. introductory rate for four months from their joining date. Once the four month period expires, the Up Saver interest rate in effect from 17 June 2019 will apply to these Up Saver accounts (subject to the terms and conditions outlined above).

Interest on Up Savers is calculated daily and paid monthly.