If you are over the age of 16, you can sign up with just $1 to start. Download the Up Bank app on your smartphone, and after you provide all the right documentation, you can be signed up in just a few minutes. After verification, your card will typically arrive within five to ten days.
Choose between the UP Everyday account, which includes spending categorization, real-time reporting, and bill predictions, as well as cardless payments through Apple Pay, even before your card arrives; and the Up Saver account, which you can use to work towards savings goals through a no-fee account which offers bonus interest depending on your number of transactions.
For those who like the direct benefit of no ATM fees in Australia and no foreign exchange fees overseas, the Up Everyday Account might be a good starting point. However, if you are serious about saving and want to divide your savings accounts according to ‘sale goals,’ the ability to initiate an unlimited number of accounts can be vital to organizing your personal finances.
You use the BSB and account number to deposit quickly with the Osko platform, which provides rapid payments between financial institutions 24 hours a day.