Does the UBank sweep work both ways?

LHector on 30/05/2017 - 07:27

The UBank FAQ says:

Any excess balance on your Ultra is transferred overnight to your linked USaver to earn the USaver's Standard Variable rate.

However, does the sweep work in the opposite direction?

I'd like my ANZ credit card AutoPay to come directly from my UBank Ultra account.

So if I have $100 in my Ultra
My credit card bill is $10,000 hypothetically
Will UBank transfer funds from the Saver to the Ultra to make the transaction happen?

Thanks in advance

Financial

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Comments

  • Paul Atreides on 30/05/2017 - 08:31
    +1

    Yes, it works both ways

  • CyberMurning on 30/05/2017 - 09:41

    I thought you were going to ask if sweep can happen from saver to ultra….

  • RandomNinja on 30/05/2017 - 12:04

    Yep, I pay my bills from the Ultra account and it auto sweeps whatever is needed to top up the Ultra and pay the bill.

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