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$30 for Referrer & Referee for New Sign-Ups (5 Eligible Purchases in 30 Days Required) @ ubank

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$30 for Referrer & Referee for New Sign-Ups (5 Eligible Purchases in 30 Days Required) @ ubank
Go to Deal
Silentninja7 on 02/09/2025 - 08:29 ubank.com.au (128 clicks)
Last edited 01/10/2025 - 00:44 by 1 other user

Under the Refer a Friend offer, we will pay a $30 bonus payment to you and a $30 bonus payment to your friend once the offer criteria are met in accordance with these offer terms.

This Refer a Friend offer is available to all Ubank customers who have been issued an invite code through the Ubank app and cannot be used in conjunction with any other offer (unless we determine otherwise, acting reasonably).

To be eligible for this offer:

  • your ‘friend’ must sign up to Ubank and open their initial Ubank accounts using your invite code between 02 Sep 2025 and 30 September 31 October 2025 (inclusive); and

  • your ‘friend’ must make 5 eligible card purchases and those purchases must be settled in their first 30 days as a Ubank customer.

Note: Only settled card purchases are eligible to meet the bonus criteria. This means we must wait until each card payment has been settled (no longer showing as “pending” in the friend’s transaction history) before you or the friend become eligible for the bonus payment.

Full terms and conditions here: https://www.ubank.com.au/#terms

ubank Referrals

Referral: random (1718)

Referrer and referee each receive $20 after referee makes 5 settled card purchases within 30 days.

Financial Bank Account Savings Account Transaction Account

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closed Comments

  • Uncle Roger on 02/09/2025 - 08:41
    +3

    Not $100 haiyaaa

  • BargainGain on 02/09/2025 - 08:42
    +18

    FYI - from 1st October Ubank are requiring you to grow your balance by >=$1 each month to qualify for the bonus interest. If you miss this a few times you could be way behind compared to something like Macquarie’s savings account. This is the reason I have just moved from Ubank to Macquarie.
    It’s a negative from me I’m afraid.

    • bargaino on 02/09/2025 - 09:35

      Can't you set up a scheduled payment?

      • INFIDEL on 02/09/2025 - 15:26

        Yes, easy to automatically schedule transfers in & back out each month to meet $1/M increase.
        Have done that with ING for years.

        BUT real issue is when want to remove funds - you LOSE WHOLE MONTH of INTEREST. Costly💰
        Wouldn't recommend it as a working bank account.

        Been with Macquarie, AMP, ING, Ubank etc for many years. Macquarie is my main account.

        Scheduled transfer $500/M from Macquarie to Ubank.
        Then few days later schedule transfer $499 back to Macquarie.
        Increasing Ubank by $1/M.

        Closed other Ubank accounts leaving only 1 needing balance increase. Transferred lots of it's balance to Macquarie in preparation for October change.

        Only using Ubank to park money. So only change in balance is due to $1/M increase.

        This month will review use of Ubank & transfer more funds out!
        Or close it…

      • Nom on 02/09/2025 - 16:03
        +2

        Can't you set up a scheduled payment?

        Only to automate the $1.

        As soon as you need to make a withdrawal - your car needed a repair so you pull out $1000 to pay for it, for example - then you now get ZERO interest for that month. Which could potentially be a loss of hundreds of dollars. Your scheduled payment doesn't do anything to help here.

    • Dealf Hunter on 02/09/2025 - 09:54
      +1

      I did the same yesterday for the same reason.

  • TitanFather on 02/09/2025 - 08:42
    +6

    We Ozbargained the $100/$100 sign up offer that they tried to use to retain/recruit customers and they had to shorten it dramatically.

    Be aware that there is a new requirement from October 2025 to grow your savings balance each month to qualify for the high interest rate (excludes interest earned in the month). The interest rate is now 4.35% up to 1m, with a honeymoon period of 4 months at 5%.

    Steer clear of these guys beyond the sign up bonus.

    • Fobsessive on 03/09/2025 - 01:20

      Yikes, I thought Ubank were 4.6%. Nope, even worse. I opened it on 1 July and wasn't eligible for the 4 month honeymoon rate which began 2 months after my joining.
      I've withdrawn my Ubank down to $0, considering closing it in protest since they obviously don't value us given the new requirements.

      • SuperLate on 03/09/2025 - 19:44
        +1

        I would withdraw down to say $1 and wait until all the interest is paid into my account before closing the account. It would be a pain to chase them for the last month's interest.

        • Fobsessive on 03/09/2025 - 21:20

          Yeah I'll wait till at least next month before closing. I will get a few bucks of interest from the start of September

  • JSONBourne on 02/09/2025 - 09:01
    +11

    Who would recommend this offer given uBank is a rubbish bank now? Enshitification has taken away all the good features.

    It's now a feature lacking app with no benefits. This particular signup bonus is also the standard and not a deal.

    • Shaun Ross on 02/09/2025 - 09:16
      +4

      I am cancelling my own and my dad's account today turned into a terrible Bank.

    • starbearer on 02/09/2025 - 09:45
      +1

      yep, OzRRP this deal

  • xaces on 02/09/2025 - 09:02
    +2

    Planning to move to Macquarie next month. Anyone know if I open an account now, will the 4month bonus rate apply straight away?

    • Dealf Hunter on 02/09/2025 - 09:56
      +2

      I'd say so. Better off opening it on 1 October.

  • payless69 on 02/09/2025 - 09:48
    +5

    30 bucks for kicking a dead horse?
    I have higher standards!

  • tenpercent on 02/09/2025 - 10:33
    +1

    They mysteriously wouldn't let me sign up two days ago when they had the $100 offer going. Why would I want to sign up now?

    • Asti on 02/09/2025 - 10:51

      Haha awful

  • peterc on 02/09/2025 - 12:25
    +4

    I have been with Ubank from beginning in 2009, will be closing our account this month after their greedy changes!!!!!

  • gembel on 06/09/2025 - 12:01
    +1

    bought 5x $1 amazon gift cards
    All of them already processed not pending anymore
    But ubank app only showing I've completed 2/5 spends for the bonus.
    Did they flag my 5x $1 amazon purchases perhaps? If so that's quite dodgy…

  • dlee on 12/09/2025 - 22:11

    I am another person disgusted with Ubank for becoming progressively worse over the years: first, by removing their "sweep" facility (auto sweeping from Savings to Spend account when Spend account is insufficient), then not allowing direct debit from the Savings account (thus requiring me to first transfer from Save to Spend manually each time there's a bill), and NOW the worst of all: requiring savings to always increase and never decrease!

    What? Have they never heard of retirees who draw down on their savings every month because they are no longer earning (or at least not a consistent salary)? Terrible.

    I'm moving to Macquarie, unless someone else has another suggestion for a bank that does NOT make you jump through hoops like transaction requirements, minimum monthly deposits, needing to always grow the balance, etc.?

    • Nom on 13/09/2025 - 14:08
      +1

      Make sure you lodge this complaint with UBank themselves, they're not going to see it here 👍

  • uccoffee on 23/09/2025 - 12:22

    how come my referee did not do 5 transaction and already have the $30 bonus , I dont understand ubank

  • digitalane on 30/09/2025 - 09:35

    So with the new bonus interest rules from tomorrow, if I wanted to take out $50k next morning, I should do it today right so my balance next month can increase by just depositing a $1?

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