Found this code last week on one of their info pages after signing up while the "Hook Up A Mate" promo was paused. It's back on now though so the $5 for both the referrer and referee is another option.
$10 for New Sign-ups to Up Banking
 
    Up Bank Referrals
$10-$15 for both the referrer and referee. Conditions
Bonus starts at $10 and $1 for each year referrer has been a customer, up to a cap of $10. Referee will see the exact bonus when you visit Up Bank.
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 - 100%, they just need to start offering credit and I'll be moving all my banking over to them.  - Agreed - if they offered mortgages and offset accounts I would be 100% only with UP bank. 
 Great experience and I've had them for around 18 months as my main savings accounts. - 100% only with UP bank - I dream of the day I can be with only one bank that offers everything I need without trying to rip me off.  - @[Deactivated]: just in general, what does Up offer that better than other banks? I have used all 4 big ones and some Neobanks. day-to-day no difference except ANZ is really crapping website and mobile App. 
 
 
 
 
 - I've been with Up for a few months and it's been a great experience. A couple of things worth noting though: - The debit card is cool as hell and is sure to impress party-goers, especially those into a minimalist design.
- They have an API, if you're a developer.
- It's a neobank (internet-only bank with no physical branches)
- Up is a subsidiary of Bendigo and Adelaide Bank, in case anyone is avoiding them
- They are app-only. They don't have a website to go to if you're used to internet banking in a browser on a PC.
- They don't have all the features you might need. Make sure you research your needs and see if it's appropriate.
 - On that last point, Up are pretty transparent with their feature delivery.  - If they're app only, do you know if they use Google's safetynet? - My phone bootloader is unlocked and Google has flagged it as the the devil  - Not sure if I understand fully, sorry, but what I can say is that I had a rooted phone and Google Pay wouldn't work. So I restored my phone to non-rooted and now Google Pay works with Up. 
 
 
 - SOTM: Scotty Orders The Marketing 
 - and their spotify playlists are cool too. 
 - Pretty sure this is always offered? That Uni virtual bank also does $10 sign up (was on shark tank years ago).  - There's no promotion period attached to this code so it's probably a long running deal, however you can signup to Up without a referral code and get no signup bonus. 
 



Easily the best bank for simple saving/spending. Their app is miles ahead compared to their competitors in nearly every way.