Updated September 29, 2026 · VaultCue Editorial Team
Mox Bank vs Up
Mox Bank
Up
Higher score in this comparison
Where Mox Bank and Up differ
| Compare | Mox BankReviewSee alternativesSee alternatives | UpReviewSee alternativesSee alternatives |
|---|---|---|
| Access terms | Interest credited daily to the Mox Account; savings balance usable for daily purchases | On-demand easy access via the Up app; interest activates after 5 eligible card purchases in a month, no deposit required |
| Monthly fee | HK$0 | A$0 |
| Headline rate | 0.001% | Not confirmed |
| Minimum deposit | Not confirmed | A$0 |
Same on both: Rate type (Variable), Account kind (Easy access).
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Key differences
- Up scores higher overall: 9.4 vs 8.6.
- Support channels: only Mox Bank offers Community.
- Support channels: only Up offers Chat.
Our verdict on each
Mox Bank
Mox Bank suits readers who want a digital-only account that credits interest daily and moves money across several currencies, not the highest savings rate. The monthly fee on the easy access account is HKD 0, transfers carry fees of HKD 0, and the savings rate is 0.001%.
Up
Up suits anyone who wants an everyday Australian account that charges no monthly fee and no currency conversion fee. The monthly fee is AUD 0, the currency conversion fee is 0%, and the account is provided by Bendigo and Adelaide Bank Limited, with a variable rate on balances.
Score breakdown
| Area | Mox Bank | Up |
|---|---|---|
| Cost | 9.1 | 9.4HigherCash withdrawals are free within the allowance of AUD 0 and the minimum deposit is AUD 0, so running costs stay low. |
| Offer | 8.9A variable savings rate of 0.001% and delivery in 20 seconds to 1 week keep the offer modest. | 9.2HigherBuilt for travelers, with help on chat, phone and email and an Australian Credit Licence, 237879. |
| Trust | 8.1 | Not confirmed |
How they place
| Ranking | Mox Bank | Up |
|---|---|---|
| Savings accounts | 559 of 1420 | 110 of 1420 |
Every fact side by side
| Fact | Mox Bank | Up |
|---|---|---|
| Pricing model | No monthly fee, Low FX | No monthly fee, Low FX |
| Legal entity | Mox Bank Limited | Bendigo and Adelaide Bank Limited |
| Headquarters | Hong Kong | Australia |
| Founded | 2020 | Not confirmed |
| Support channels | Email, Phone, Help centre, Community | Chat, Phone, Email, Help centre |
Everyday accounts
| Fact | Mox Bank | Up |
|---|---|---|
| Currency conversion fee | Not confirmed | 0% |
| Currencies | 17 | Not confirmed |
| Audience | Not confirmed | Travelers |
| Features | Digital only | Free ATM, Joint account |
| Free ATM withdrawals | Not confirmed | A$0 |
| Transfer fee | 0 remit fees on all global money transfers (Express Remit) from 2 July 2024 | Free for domestic Pay Anyone transfers, BPAY and direct debits; international transfers sent via Wise |
Money transfer
| Fact | Mox Bank | Up |
|---|---|---|
| Delivery time | 20 seconds to 1 week | Not confirmed |
| Payout methods | Bank, Wallet | Not confirmed |
| Fee to send 1,000 | HK$0 | Not confirmed |
Where each stands against the rest
| Fact | Mox Bank | Up | Median |
|---|---|---|---|
| Headline rate | 0.001%lowest quarter | Not confirmed | 3.25% |
| Minimum deposit | Not confirmed | A$0at the median | A$0 |
Median across 658 listed accounts.
Pros and cons
Mox Bank
Pros
- A monthly fee of HKD 0 on the account, with a no monthly fee and low fx pricing model.
- Transfer fees of HKD 0 on Express Remit transfers, paying out to bank and wallet.
- Interest is credited daily and the savings balance is usable for daily purchases.
Cons
- The savings rate of 0.001% sits far under the 3% common across the accounts compared here.
- The service is digital only, so everything runs through the app rather than a branch.
- Transfers can take 20 seconds to 1 week to arrive.
Up
Pros
- No monthly charge on the everyday account: AUD 0.
- No currency conversion fee: 0%.
- Joint accounts and free cash machine withdrawals are both on the free atm and joint account list.
Cons
- Interest activates only after a set number of eligible card purchases in a month, so a balance must see card spending first.
- The account kind is easy access with a variable rate, so a fixed-rate term is not part of the deal.
Who each suits
Mox Bank
Who it suits
- People who want the same balance to cover daily spending and savings, with interest credited daily.
- Readers who send money abroad regularly and value transfer fees of HKD 0.
- Anyone banking entirely in an app across 17 currencies.
Who should look elsewhere
- Anyone chasing a high savings rate, since AXI Card Tarjeta y Credito shows 21.59%.
- Readers who want more from a savings product: PayPal Colombia lists 3.3%.
- Plazo ES suits people who prefer a headline rate of 24.19% over daily crediting.
Up
Who it suits
- People in Australia who want a current account with AUD 0 a month and 0% on currency conversion.
- The travellers Up is aimed at, since its listed audience is travelers.
- Pairs who want to share one account, as a joint account appears under free atm and joint account.
Who should look elsewhere
- Readers who want a euro account rather than an Australian one, since €0 a month at XTB and €0 at AXI Card Tarjeta y Credito sit outside Up's Australian base.
- Anyone focused mainly on moving money rather than holding a bank balance, where Skrill charges €0 a month.
Current offers
Mox Bank
Current offer
Bonus
Mission Bonus Rate: Up to 3.5% p.a. on deposit
Stacking missions; see Mission Bonus Rate Promotion (2026) Terms and Conditions
Source, checked September 26, 2026
Bonus
Mox Payroll: 1.5% p.a. savings top up
Set payroll with Mox; see Payroll Transfer Promotion Terms and Conditions
Source, checked September 26, 2026
Up
Current offer
Bonus
Sign up & SCORE $10 with code UPYEAH10: $10 AUD
Code must be used at sign-up via the Up app; offer only applies to individuals opening a new Up Everyday Account
Source, checked September 26, 2026
Country by country
| Country | Mox Bank | Up |
|---|---|---|
| Australia | No | Yes |
| Hong Kong | Yes | No |
Questions about each
Mox Bank
What does Mox Bank charge to keep an account open?+
The account carries a monthly fee of HKD 0, and the pricing model is no monthly fee and low fx. That matches the €0 median monthly fee across the accounts compared here, which leaves the account among the cheapest digital banks to hold.
How much interest do I earn on Mox savings?+
The headline rate is 0.001% and the rate type is variable, so the return can move rather than staying fixed for a term. Interest is credited daily to the Mox Account, and the savings balance can be spent on everyday purchases. Readers shopping for yield should compare the 3% median here.
Up
What does it cost to hold an Up account?+
Up charges a monthly fee of AUD 0 on the everyday account, and the currency conversion fee is 0%. The minimum deposit is AUD 0. Domestic Pay Anyone transfers, BPAY and direct debits are free, while international transfers are sent through Wise.
Who provides the account and what licence is behind it?+
The account comes from Bendigo and Adelaide Bank Limited, Bendigo and Adelaide Bank Limited, which is based in Australia, AU. Up also holds an Australian Credit Licence, 237879, and an Australian Financial Services Licence in Australia.
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Mox Bank