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Up Fees, Rates & Charges

Section I of the Up Personal Account Terms and 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

TL;DR – 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 Targets 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 12.28% a year

Up Targets

TL;DR – Up Targets are free to use and pay up to 2.75% interest (introductory rate - terms below). You can only transfer money to and from your Up Targets using your Everyday Account and you can do this as much as you like.

Monthly service fee Free
Interest rate Up to 2.75% a year (introductory rate - terms below)
Withdrawals from Targets Free & unlimited

These rates are effective from 2 August 2018. Up Target introductory interest rate is available for new customers joining before 1 February 2019 and will be applied for a 4 month period.

Our introductory interest rate is made up of our base rate of 0.75% (subject to change) and bonus rate of 2.00% and will apply to the combined balance of all your Targets up to $50,000 during the introductory period. The base rate alone will apply to combined Target balances above $50,000 during the introductory period.

Interest on Targets is calculated daily and paid monthly.

Up is designed, developed and delivered through a collaboration between Ferocia Pty Ltd ABN 67 152 963 712 and Bendigo and Adelaide Bank Limited ABN 11 068 049 178, AFSL and Australian Credit Licence No 237879. Up is a software application ("Up") provided by Up Money Pty Ltd ACN 624 373 084 (“Up Money”), a subsidiary of Bendigo and Adelaide Bank Limited. Bendigo and Adelaide Bank Limited is the issuer of all Up branded banking and financial products provided through Up apps.
Registered address: The Bendigo Centre, Bath Lane, Bendigo, Vic, 3550.