$10 for New (Referred) Signup to Up Banking

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$10 for a new signup to Up transaction account.

Step 1. Simply follow the referral link to PM an existing user and provide them with your Name and Mobile Number in the message so they can send the referral.

Step 2. Receive SMS from Up with link to download app, and complete signup with same mobile number (to verify referral) and license or Medicare or passport.

Up has no monthly fee, no international transaction fees and 2.75% interest rate with the only condition being 5 card transactions made.

Also has instant Apple Pay provisioning so you can use your $10 before reciving the physical card ;) .

Referral Links

Referral:  JordanM or random (228)

$10 for referrer and referee. Referrers will need to give referees their mobile number.

Related Stores

Up
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Comments

  • +1 vote

    Terms and conditions include:

    We may at our absolute discretion cancel a refer a friend payment without notice to you. Without limiting the circumstance in which we may do so, we may cancel this feature under the following circumstances:

    We believe any of your access methods are or suspected of being used in a fraudulent way
    Your conduct is in breach of the terms and conditions
    We close your account
    We believe the security or quality of the Up app or related services is threatened
    We decide to terminate this feature
    You have unpaid fees or charges, or direct deposit dishonors on your account
    You are sending an excessive number of unsolicited invites

  • +6 votes

    Ah - the "progressive" bank where you can't even do external transfers or BPAY payments without having to call them up…

  • +23 votes

    The thing I really like about this one is it list the transaction as the actual merchant information rather than ambiguos description. Hope other banks will start doing that.

  •  

    "Up has no monthly fee, no international transaction fees and 2.75% interest rate with the only condition being 5 transactions made." - just to clarify, according to T&Cs it's 5 card purchases rather than general transactions

    •  

      Fair point, have updated the post.

      •  

        if you have direct debits setup they count as purchases. They've confirmed this in chat and I just had the notification for my 5th month debit come out and notify interest rate is activated.

    •  

      worth noting that the interest is split into 2 components, 0.75 standard interest, and 2.00 conditional interest on balance up to 50,000. Anything above 50k would not be awarded bonus interest.

      Similar to ING however ING is 1% standard and 1.8% conditional on balance up to 100,000.

  • +8 votes

    "no international transaction fees"
    *International ATM Fee $5

  • +8 votes

    A mate referred me on the weekend so I signed up. Free $10 was instant and required no deposit.

    I did transfer some money in from my NAB account because I wanted to see if it was instant, and it was.

    No international transaction fees, Apple Pay, and Mastercard are all pluses as I don’t have any others accounts with these features.

    And it’s backed by Bendigo Bank.

  • +1 vote

    A few people I have referred have asked me how long until they can refer people, I don't know. I suggest asking Up support.

    • +2 votes

      I’ve been with Up for a few weeks. I got given 3 invites (before they brought in the $10 bonus) 7 days after I opened the account when I’d used it about half a dozen times, not sure if it’s usage or days based but probably days. On the Up side (lol) it seems whenever someone accepts your referral they give you a new invite so for existing users it seems we can refer as many people as we like

  • +7 votes

    Great deal! Just signed up, very easy process with money instantly added, thanks OP!

  • -1 vote

    $10 for referrer and referee. Referrers will need to give referees their mobile number.

    Meh

  • +4 votes

    $10 isn't that great for a joining bonus but Up is pretty good, the app works well and the unlimited Savings accounts at 2.7% and the generic PayID email address are great features.

  • +1 vote

    Thanks Op! Just signed up. Easy process. Transferred some money in using payid - came in instantly.
    Now how do I become a referee? The app says use up more to refer friends?

  • +2 votes

    Curious question - noticed there are quite a few of these new digital banks popping up. I couldn't really see many benefits over my current primary bank, ING. Am I missing the big picture here? Thanks!

    • +2 votes

      Best thing I've found is the transaction descriptions/sorting, it's super easy to see where your money goes unlike ING et all. InstantApple pay support/card is pretty awesome too

      • +1 vote

        No Free international ATM's like ING. Interest rate is lower too, so what gives exactly?

        •  

          Keep ING/ANZ Adventures/Bankwest/Citibank for overseas travel and use Up for stuff when you're in Aus? As I said above spending reports/catagories are really well implemented and useful.

          • +1 vote

            @stirlo: so is having the unlimited sub accounts that are created instantly in the app. - they call them savers to help you setup your life of bills and budget each bill in an account.

      • +1 vote

        So its just a better app? For people that can't manage their money?

        •  

          convenience is a lovely thing and not something that can be defined with tangible value i guess.

          • -4 votes

            @EightSix: Its ozbargain and if its not tangible, its not really a deal.

            • +2 votes

              @garratt torlesse: The 10 bucks bought me lunch. Does it stop being tangible once I finished eating?

              •  

                @EightSix: So I guess you are transferring everything over during lunch, so you can use this exciting new app?

                The app would be pretty meaningless unless you use it as your primary account no?

                •  

                  @garratt torlesse: nah i've been using it for a couple months now.

                  yes it becomes more useful the more you use it. just like every other app that tracks your spending and budgeting. This lets you do it on one app now as well as spend money from it too. Its not my main account but im switching all direct debits too it so it can capture the upcoming bills.

                  Whilst also letting you contact live chat 9-5 in app.

    • +1 vote

      Aside from up, like whom?

      •  

        @Kyle-K runs a spreadsheet here

        • +1 vote

          Thanks :) Looks like up's the only "viable" option yet, despite it's limitations, in this category.

          •  

            @Obsidiate: Yep pretty much, the next one is Xinja but I wouldn't be bothering with them at this stage and Wildcard is a laughable joke in its current form and development seems to be even slower. Revolut is probably going to be the next one to launch but is going to be an expensive product in the market.

            If you're interested join our chat room and you can talk to Me and Kyle and others about more of this.

    •  

      One key feature of Up (I think) is that you can change categories of each transaction if you want to. Not sure if other banks allow this, I know my other bank doesn't. It allows you to actually track your spend effectively rather than having to trust categories that other banks determine. This might not be needed for everyone but it sure is great for me and is a killer feature for my budget, along with categorising by franchise rather than just the store name. User interface is amazing and everything seems much simpler to do. No BPay yet does suck though!

  • +5 votes

    Have been using them for the past 1 month and loving the app!

  • +1 vote

    ref 5 card transactions made, what happens if you dont do 5 do you get charged any fees or just forfeit any interest earned.?

  • +1 vote

    Op raking it in

  • +1 vote

    Can you sign up and PAYID the money out to my bank?

  •  

    How's this better than Macquarie platinum?

  • +5 votes

    What happened to the good old days of ING giving a $250 gift card for new signups

  • +7 votes

    One of my fav comedy podcasts, Welcome to Patchwork, have started spruiking the promo code PATCH which puts $10 in your new Up Bank account. Think they're based in Melbourne. Might be easier than the whole referral thing (they're absolutely hilarious if you're looking for a new podcast)

  •  

    OP in the description it says instant Apple Pay. How do you set that up?

  •  

    Hi OP, I PMed you but you didn't offer the referral code.

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