Updated September 28, 2026 · VaultCue Editorial Team
SeaBank Indonesia vs Up
SeaBank Indonesia
Up
Higher score in this comparison
What sets them apart
| Compare | SeaBank IndonesiaReviewSee alternativesSee alternatives | UpReviewSee alternativesSee alternatives |
|---|---|---|
| Access terms | Savings interest calculated and paid daily | On-demand easy access via the Up app; interest activates after 5 eligible card purchases in a month, no deposit required |
| Monthly fee | IDR 0 | A$0 |
| Headline rate | 3.5% | 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 8.9.
- Support channels: only Up offers Chat, Phone, Email.
- Pricing model: only Up offers Low FX.
Our verdict on each
SeaBank Indonesia
SeaBank Indonesia suits business owners and students who want an easy-access savings account with a monthly fee of IDR 0 and free transfers within a monthly allowance. Its headline rate of 3.5% sits close to the savings account median, 3.08%, so the case rests on cost and access.
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 | SeaBank Indonesia | Up |
|---|---|---|
| Cost | 9.1No monthly charge: IDR 0, with transfers free within a monthly allowance at IDR 0. | 9.4HigherCash withdrawals are free within the allowance of AUD 0 and the minimum deposit is AUD 0, so running costs stay low. |
| Offer | 8.6Easy-access balance with interest paid every day at a variable rate of 3.5%. | 9.2HigherBuilt for travelers, with help on chat, phone and email and an Australian Credit Licence, 237879. |
How they place
| Ranking | SeaBank Indonesia | Up |
|---|---|---|
| Savings accounts | 436 of 1420 | 110 of 1420 |
Every fact side by side
| Fact | SeaBank Indonesia | Up |
|---|---|---|
| Pricing model | No monthly fee | No monthly fee, Low FXCovers more |
| Legal entity | PT Bank Seabank Indonesia | Bendigo and Adelaide Bank Limited |
| Headquarters | Indonesia | Australia |
| Support channels | Help centre | Chat, Phone, Email, Help centreCovers more |
Everyday accounts
| Fact | SeaBank Indonesia | Up |
|---|---|---|
| Currency conversion fee | Not confirmed | 0% |
| Audience | Business, Student | Travelers |
| Features | Not confirmed | Free ATM, Joint account |
| Free ATM withdrawals | Not confirmed | A$0 |
| Transfer fee | Free transfer up to 100 times per month | Free for domestic Pay Anyone transfers, BPAY and direct debits; international transfers sent via Wise |
Money transfer
| Fact | SeaBank Indonesia | Up |
|---|---|---|
| Payout methods | Bank, Cash pickup, Wallet | Not confirmed |
| Fee to send 1,000 | IDR 0 | Not confirmed |
Where each stands against the rest
| Fact | SeaBank Indonesia | Up | Median |
|---|---|---|---|
| Headline rate | 3.5%above the median | Not confirmed | 3.25% |
| Minimum deposit | Not confirmed | A$0at the median | A$0 |
Median across 658 listed accounts.
Pros and cons
SeaBank Indonesia
Pros
- Interest is calculated and credited every day on an easy-access balance, so money earns without waiting on a cycle.
- Transfers are free within a monthly allowance, with the fee set at IDR 0.
- Payouts reach a bank account, cash pickup or a wallet: bank, cash pickup and wallet.
Cons
- The headline rate ranks 184 of 473 compared brands, so rate is not the reason to choose it.
- Support runs on help centre alone, so questions have no phone or live chat route listed.
- The rate is variable rather than fixed, so the 3.5% headline can move and returns are not locked in.
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
SeaBank Indonesia
Who it suits
- Indonesian business owners who want a plain savings balance for day to day cash, with the fee at IDR 0
- Students starting to save who want easy access and interest credited every day
- Anyone who takes payouts to a bank account, cash pickup or a wallet, as bank, cash pickup and wallet allows
Who should look elsewhere
- Plazo ES, which lists a headline rate of 24.19%, far above 3.5% here
- AXI Card, where 21.59% applies to a card offer rather than a savings balance
- PayPal Colombia, which reaches saving through a wallet at 3.3% instead of a bank savings account
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
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 | SeaBank Indonesia | Up |
|---|---|---|
| Australia | No | Yes |
| Indonesia | Yes | No |
Questions about each
SeaBank Indonesia
What does the account cost to run?+
The account carries a monthly fee of IDR 0, in line with the site median, €0. Transfers are free within a monthly allowance, and the transfer fee is set at IDR 0, so there is little to pay for everyday use.
How is interest paid on the balance?+
Interest is calculated and paid every day rather than at the end of a cycle. The account is easy-access, so money stays reachable while it earns, and the rate is variable at 3.5%. The savings account median, 3.08%, is close by.
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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SeaBank Indonesia