The big questions.
Up is an Australian mobile-only digital bank. Up is designed, developed and delivered through a collaboration between Ferocia (a software company) and Bendigo Bank. Up runs on your smartphone, and provides you with an app and a debit card linked to a real bank account. “Super-powered” banking refers to Up’s superior ease-of-use and awesome features including signing-up in as little as 3-minutes in-app, seamless merchant identification, instant in-app Apple Pay activation, real-time conversational payments, automated round-ups, spending insights, and more.
All Up branded banking and financial products available in the Up apps are issued by Bendigo and Adelaide Bank, the most trusted bank in Australia. Deposits provided through the Up apps are protected by the Financial Claims Scheme (FCS), up to $250,000 per person (in aggregate across all deposit products held with Bendigo and Adelaide Bank). Up also uses the latest security technology, including smartphone biometrics and advanced cryptography, to protect your money.
Deposits provided through the Up apps are held by Bendigo and Adelaide Bank. You may not think it matters where your Up deposits are held, but it does:
Yes! The Up card makes a great travel companion, and is accepted at more than 47 million Mastercard acceptance locations worldwide. There are no fees on international purchases online or in person, and there’s no rebates or conditions to worry about. For overseas travellers, there’s a $5 fee when withdrawing from an international ATM, and $1.50 for a balance enquiry.
Precise pricing for your Up account.
No. Up doesn’t charge monthly account keeping fees. In fact, Up is actually free for most standard use with practically no fees at all.
ATM access for Up customers is currently free at over 10,000 ATMs in Australia, including our partner Bendigo Bank and the 4 major banks — with no rebates or conditions to worry about. Although Up does not charge ATM fees, some smaller financial institutions or independent ATM operators may charge fees for using their ATMs. They must display the fee at the time of the transaction and allow you to accept or decline the fee as shown. For overseas travellers, there’s a $5 fee when withdrawing from an international ATM, and $1.50 for a balance enquiry.
How to get Up and running.
Your Up spending account has a BSB and Account Number like any other bank account in Australia. You can also easily nominate your phone number or email address as a “PayID”. Up lets you use your BSB and Account Number, or your phone number or your email address to deposit money almost instantly using “Osko”. Osko provides near-instant payments 24/7 (including weekends) between participating financial institutions.
To get an Up bank account on your mobile in under 3 minutes, simply download the Up app from the App Store for iOS or Google Play for Android and follow the instructions. Opening a regulated bank account in Australia requires an Australian Driver's License, a Passport, or a Medicare card. After we successfully validate your ID, you can start banking with Up.
Up currently has a $5,000 daily limit for outgoing payments.
Up currently has a combined $1,000 daily limit for ATM and EFTPOS withdrawals, unless you ask for the daily limit to be changed.
Up currently pays up to 2.50% per annum on multiple Savers, up to a combined balance of $50,000. Interest on Savers is calculated daily and paid monthly. Money held in your Up Spending account does not earn any interest. Bonus rate applies when 5 debit card purchases are successfully completed per month (including Apple Pay, Google Pay, and other digital wallets).
To send money to Up from an overseas bank account, you'll need to transfer money using a SWIFT code. For Up, the details you'll need are:
Swift code: BENDAU3B
Bank Name: Up Money
Address: Bendigo Centre, Bath Lane, Bendigo, VIC 3550
Often when you are setting up a new direct debit arrangement, you'll be asked to provide some details. For Up, these are those details:
Branch Name: Up Money / Bendigo and Adelaide bank
Address: Bendigo Centre, Bath Lane, Bendigo, VIC 3550
Account title: Your account title is your full name
How Up works with your devices.
Up currently supports the following devices:
We certainly do! With Up, you can pay the way you want. You can add your Up card to Apple Pay, Google Pay, Samsung Pay, Garmin Pay and Fitbit Pay.
Yep. You can use Siri to check your Up account balance, or transfer money into one of your Up Savers. Key phrases for Siri are "Check my bank account", "Transfer $10 to my holiday account" and "Check my bank balance".
Yep. Up supports both Touch ID and Face ID. You’ll be prompted to enable Touch ID or Face ID from within Up’s Activity screen, depending on the features your iPhone supports. You can still use a passcode if you prefer.
Up supports instant in-app activation of Apple Pay which means there's no need to wait for your Up plastic card to arrive, Up will simply prompt you to add your card to Apple Pay as part of the sign-up process.
If you have an Apple Watch, once you've set it up for your Apple Wallet, you can use the Watch app on your iPhone to install Up and we'll walk you through the setup process. Our watch app also works standalone over LTE (if you have your eSim enabled).
If you choose not to set up Apple Pay during sign-up, you can still enable Apple Pay within the Card section of the Up menu. Simply tap "Setup Apple Pay". These in-app set up methods for Apple Pay are automated and do not require you to scan your Up card, or enter your details manually.
If you choose to set up Apple Pay via Apple Wallet (from outside of the Up app) you will be required to scan your Up card, or enter your details manually. Therefore the automated methods are recommended.
Up supports instant in-app activation of Google Pay which means there's no need to wait for your Up plastic card to arrive, Up will simply prompt you to add your card to Google Pay as part of the sign-up process.
If you choose not to set up Google Pay during sign-up, you can still enable Google Pay within the Card section of the Up menu. Simply tap "Setup Google Pay". These in-app set up methods for Google Pay are automated and do not require you to scan your Up card, or enter your details manually.
If you choose to set up Google Pay via Google Pay App (from outside of the Up app) please first make sure your physical card has been activated. You will be required to scan your Up card, or enter your details manually. Therefore the automated methods are recommended.
We do indeed! If you have an Apple Watch, use the Watch app on your iPhone to install Up and we'll walk you through the setup process. Our watch app also works standalone over LTE (if you have your eSim enabled).
Yep. We aim to make all features easy to use with assistive technologies, Talk to Us if you have any issues with this.
The Up app and your debit card.
Up comes with a beautiful Mastercard Debit card. Following sign-up, your Up card will be automatically issued. Up plastic cards can take up to 5-10 business days to arrive, depending on the postal service.
Please note: If you’re using an iPhone, there’s no need to wait for your Up plastic card to arrive, Up will simply prompt you to activate Apple Pay as part of the sign-up process.
Activate your Up card simply by selecting the “Activate Card” prompt within the Activity screen. If the “Activate Card” option is not automatically displayed, you can also activate your Up card in the Card section of the Up menu. Simply tap “Activate Card”.
The accounts Up has on offer.
You can create Savers in Up for each of your life goals by giving them a name and specifying the amount you would like to save. You can instantly create multiple Savers in seconds, by simply tapping the plus button and following the prompts. The main advantage of Up Savers is that they earn interest (currently up to 2.50% per annum on multiple Savers, up to a combined balance of $50,000). Your Up Spending account does not earn interest. You can also enable automatic roundups on one of your Savers. Use the edit function on each Saver to disable or activate roundups.
No. Up does not currently support joint accounts.
Payment types and timeframes.
Up supports PayID and Osko for near-instant payments to and from your Up account. Payments should be processed almost instantly by Up, but processing times may vary depending on the first-time payment rules of the other financial institution and/or whether or not they support Osko. Using the standard “Pay Anyone” capability of traditional banks with BSB and Account Number can take up to 1-2 business days, depending on the other institutions’ processing times.
Rapid responses to the most common Up queries.
Send us an email at firstname.lastname@example.org
You can’t join Up without valid Australian identification documents.
That’s ok, but you’ll need to be at least 16 years old to get an Up account.
No problems. You’ll just need to be an Australian resident and provide your overseas tax information during sign up.
Up is only available to people living in Australia.
If you get your Up passcode wrong too many times, you can reset it within the Up app. Make sure you have your Up recovery code handy, it was emailed to you when you verified your email address after joining Up.
Go to the Up menu and select Card. You can temporarily disable your Up card by toggling the switch. If you don’t find your Up card, let us know in ‘Talk to Us’ and we’ll send you a replacement Up card. If you cannot access your App please give us a call on 1300 002 258.
Call 1300 002 258. You can also temporarily disable your Up card. Simply go to the Up menu and select Card. Then toggle the card switch off.
Let us know in ‘Talk to Us’ in the Up app.
Let us know in ‘Talk to Us’ in the Up app.
Download the Up app, and follow the prompts to set up your new device.
You can change your mobile number by heading to the Up menu, then tapping on Profile. From there, tap your mobile number and enter your new one. If you run into any dramas, let us know using ‘Talk to Us’ in the Up app.
Provided you haven't shared your passcode, your funds are safe. Get a new phone, then download the Up app, and follow the prompts to set up your new device.
From a technical perspective it means that the app cannot negotiate a secure SSL connection to the right server for Up. It can happen when you have a proxy or something that’s getting in the way of the app talking to the Up servers.
What does this mean? Essentially we haven’t been able to verify that your connection is secure and that no one is attempting to decode your app networking traffic while you're using the app. Sometimes this isn't a malicious scenario (eg. company devices/network can have this issue). However, because it's a security related thing, we stop you being able to use the app to protect your data and ours.
Interest summary statements showing all interest earned will show up on July 5, at the beginning of a new financial year. You can find them under Statements from the Up menu.
Send us an email at email@example.com, or ask us in ‘Talk to Us’ in the Up app (if you’re already an Up customer).
Learn about connecting Up with Afterpay.
Find an Afterpay payment in your activity and tap the transaction. On the receipt page you'll have the option to connect to Afterpay. This will take you to the Afterpay website where you can login and give Up permission to access your Afterpay payment data.
Once you've connected to Afterpay any Afterpay transactions in your activity feed will be updated to show the actual merchant you transacted with. Tapping on a transaction will show the amount and number of payments remaining and most often the items you purchased. In the Upcoming screen we'll show you all your future Afterpay payments and give you a reminder a couple of days out from each payment.
If you have made all four Afterpay payments before you connect to Afterpay from Up we cannot currently show detailed information for those purchases. We're working to improve this in the future.
We only show Afterpay payments initiated with your Up card. If you add your Up card to purchases currently in progress we will show any new payments in Up, but are not able to show these in Upcoming. We're working to improve this in the future.
What you can do if something's not going right
While we hope you never get to this point, if you do have a complaint to make, we need to hear it. The best place to start is using "Talk to Us" in the Up app. You can also call us on 1300 002 258 or e-mail us at firstname.lastname@example.org. We will promptly investigate your complaint and notify you of the outcome. If your complaint has not been resolved, you can then escalate to our Customer Advocate (see section 21.2 of the Up Terms and Conditions) or the Australian Financial Complaints Authority (see section 21.5 of the Up Terms and Conditions).
If you'd like to dispute a transaction, please let us know the transaction details using "Talk to Us" in the Up app. We will work through our standard dispute process to try and recover your money. Please keep in mind when raising chargebacks we are governed by scheme rules which provide guidelines we must follow for these to be considered valid. In some circumstances, we may need to re-issue your card to prevent additional disputed transactions. If you are unable to dispute a transaction using Talk to Us, you can also call us on 1300 002 258.
Personal circumstances change all the time. This is part of life, even if it is not always easy. We’re here to help. If you’re experiencing financial hardship, there are a number of ways we may be able to assist you. Please get in touch with us using "Talk to Us" in the Up app. You can also call us on 1300 002 258 or e-mail us at email@example.com.
Financial abuse occurs when one person manipulates another to control their finances and property without their consent. It can happen to anyone, no matter how old, or how much money they have. We recognise that it may be difficult for you to seek assistance. If you feel you're in a financially abusive situation, please do not hesitate to speak to any member of our staff. The best place to start is using "Talk to Us" in the Up app. You can also call us on 1300 002 258 or e-mail us at firstname.lastname@example.org.
At Up, we understand that this is a difficult time for you. There are a number of ways we can assist.
At Up, we understand that this is a difficult time for you. Among all the important things to take care of when a loved one passes away, having to sort through bank matters is another thing to add to the list. If you find yourself in this situation there are a number of ways we may be able to assist you, please get in touch with us by calling on 1300 002 258 or e-mailing us at email@example.com.
How to close your account.
To close your Up account, you'll need to first withdraw all funds or transfer any remaining balance to another account. Once this is done, please use "Talk to Us" in the Up app to let us know you’d like to close your Up account. We'll confirm your full name, date of birth and residential address when you chat with us, then we’ll be able to take care of it for you. Please note we will soon be releasing a self-service option so you can close your Up account yourself within the Up app (in most cases).
No problem. Please give us a call on 1300 002 258.
For your protection please give us a call on 1300 002 258 as soon as possible to let us know your card has been lost or stolen or if you’re seeing unauthorised charges on your account.