Download The App

Join 300,000+ Upsiders by downloading Up today.

On a desktop?
SMS yourself a link
or scan this QR code using your phone.

Key Features

Current and historical versions of the Key Features section of the Up Personal Accounts Terms & Conditions.

Published Tuesday, 31 March 2020

The accounts to which this document applies have different features and some have restrictions. Set out below is a summary of the main features of, and restrictions applying to, the accounts. All statements for the accounts are provided electronically.

Section B: General Terms and Conditions explains the way in which these accounts operate.

The accounts described inside this document are not available for use by a business or for business purposes.

These accounts are available only to individuals over 16 years of age for private or domestic use.

Personal Accounts – Key Features Table

FeatureUp Everyday AccountUp Saver Account
Accounts can be Opened by Individuals over 16 years of age Individuals over 16 years of age
Minimum to Open $1 $1
Minimum Balance to Maintain Nil Nil
Interest Earning No Yes
Interest Calculated Not applicable Daily
Interest Type Not applicable Stepped
Interest Credited Not applicable Monthly
Funds Availability At Call At Call
Access through the Up app Yes Yes
BPAY Yes No
Bank@Post™ Yes No
Pay Anyone Yes No
Automatic Payments Yes No
Debit Mastercard Yes No

Bank@Post™ and its device mark are trademarks (registered or otherwise) of Australia Postal Corporation. All rights reserved.

Terms and Conditions

Published Friday, 31 May 2019

The accounts to which this document applies have different features and some have restrictions. Set out below is a summary of the main features of, and restrictions applying to, the accounts. All statements for the accounts are provided electronically.

Section B: General Terms and Conditions explains the way in which these accounts operate.

The accounts described inside this document are not available for use by a business or for business purposes.

These accounts are available only to individuals over 16 years of age for private or domestic use.

Personal Accounts – Key Features Table

Feature Up Everyday Account Up Saver Account
Accounts can be Opened by Individuals over 16 years of age Individuals over 16 years of age
Minimum to Open $1 $1
Minimum Balance to Maintain Nil Nil
Interest Earning No Yes
Interest Calculated Not applicable Daily
Interest Type Not applicable Stepped
Interest Credited Not applicable Monthly
Funds Availability At Call At Call
Access through the Up app Yes Yes
BPAY Yes No
Pay Anyone Yes No
Automatic Payments Yes No
Debit Mastercard Yes No

Terms and Conditions

Prior to June 2019, our Product Terms were available in PDF form.