Up has boosted their referral bonus from $10 to $15, for the entire month of February.
$15 for both the referrer and referee ($10 when signing up, and another $5 when the referee makes 5 or more transactions within 30 days of signing up).
With ING adding a new requirement to their bonus rate on March 1, now is the time to look at other options.
I've been with Up since the early days and can honestly say the banking experience they provide is second to none - their app is a joy to use. Plus they're backed by Bendigo Bank and the government Financial Claims Scheme (protects your savings up to $250,000), so your money is in safe hands.
To look at what features Up offers (and what they have planned) I highly recommend checking out the ever-growing feature tree: https://up.com.au/tree/
Plenty of positive testimonials from the Ozbargain community, too.
Conditions for inviters
To enable the sending of invites you must be an active Up customer with a verified email address and have made one or more purchases with Up. You will receive a notification once you qualify.
To enable your shareable Hook Up a Mate page, you’ll need to also have set up your Upname and have opted to share your profile picture, Upname and the length of time you’ve been an Upsider.
A $10 bonus payment will be paid to the inviter when the person they invite joins Up and becomes a customer between 12pm AEDT, 1 February, 2021 and 11:59pm AEDT, 28 February, 2021. Outside this period, initial bonus payments will be $5.
An additional $5 bonus payment may also be paid if the person invited makes 5 purchases using their Up card or digital wallet in their first 30 days as an Up customer.
Conditions for invitees
A $10 bonus payment will be paid to the invitee when they join Up and become a customer (by passing KYC) between 12pm AEDT, 1 February, 2021 and 11:59 PM AEDT, 28 February, 2021. Outside this period, initial bonus payments will be $5.
An additional $5 bonus payment may be paid if the invitee makes 5 purchases in their first 30 days as an Up customer.
Conditions for invite codes
If you have signed up using an invite code or sharing link (which may resolve to an invite code), you will be told what that code or link entitles you to before completion of sign up Please note that due to caching on some social media sites, artwork shown may show a higher value than the amount eligible.
Bonus payments associated with invite codes or links will only be paid on successful sign-up and creation of your account and satisfaction of any qualifying criteria.
Invite codes may be cancelled at any time after they are issued.