Up review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
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.
Key facts
- Best for
- A free everyday account for people in Australia who also spend in other currencies.
- Monthly fee
- A$0↗
- Currency conversion fee
- 0%↗
- Free ATM withdrawals
- A$0↗
- Transfer fee
- Free for domestic Pay Anyone transfers, BPAY and direct debits; international transfers sent via Wise↗
- Legal entity
- Bendigo and Adelaide Bank Limited↗
- Headquarters
- Australia↗
- Support channels
- Chat, Phone, Email, Help-centre↗
- Audience
- Travelers
- Pricing model
- No monthly fee, Low FX fees
- Features
- Free ATM withdrawals, Joint account
- Official website
- up.com.au
Savings
- Rate type
- Variable↗
- Minimum deposit
- A$0↗
- Access terms
- On-demand easy access via the Up app; interest activates after 5 eligible card purchases in a month, no deposit required↗
- Account kind
- Easy access↗
Facts checked September 26, 2026, 4 sources
Apps and profiles
Pros and cons
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.
- Paying other people and bills in Australia carries no charge, and money going abroad is sent via Wise.
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 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.
How Up compares
9.4 vs 8.7
9.4 vs 8.6
9.4 vs 8.0
9.4 vs 8.9
9.4 vs 9.1
9.4 vs 9.2
9.4 vs 8.7
9.4 vs 8.7
9.4 vs 8.7
9.4 vs 9.0Its monthly fee is €0, a payment-led option rather than the joint everyday account listed under free atm and joint account at Up.
9.4 vs 8.7
9.4 vs 9.5
9.4 vs 9.4
9.4 vs 9.3
9.4 vs 9.2
9.4 vs 9.2
9.4 vs 9.2
9.4 vs 9.2
9.4 vs 9.2
9.4 vs 9.2
9.4 vs 9.1
9.4 vs 9.0
9.4 vs 9.0
Up vs PagBank9.4 vs 8.9
9.4 vs 8.9- 9.4 vs 8.9
9.4 vs 8.7
9.4 vs 8.5
9.4 vs 8.5
9.4 vs 8.5
9.4 vs 8.4
9.4 vs 8.3
9.4 vs 8.2
9.4 vs 8.1- 9.4 vs 8.1
9.4 vs 8.0
9.4 vs 8.0
9.4 vs 8.0
9.4 vs 9.1
Where Up is available
- Available
- Australia
- Licence in Australia
- Australian Credit Licence (237879), checked September 26, 2026
- Licence in Australia
- Australian Financial Services Licence (AFSL), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
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.
How does interest work on the balance?+
The rate is variable rather than fixed, and interest activates after a set number of eligible card purchases in a month. There is no minimum deposit needed to start earning: AUD 0. The account kind is easy access.
Who is the account built for?+
The listed audience is travelers, and the account is Australian, AU. Up also fits people who want a joint account and free cash machine withdrawals, both listed under free atm and joint account, and who prefer no monthly charge.
How do I take out cash and pay bills?+
Cash machine withdrawals are free within the allowance of AUD 0. Domestic Pay Anyone transfers, BPAY and direct debits carry no charge, and international transfers go through Wise. If something goes wrong, support runs on chat, phone and email.
Which app do I use day to day?+
Access is on demand through the Up app, and that is also where the interest condition sits: interest activates after a set number of eligible card purchases in a month. The account kind is easy access and the minimum deposit is AUD 0.
Can I share the account with someone?+
A joint account appears under the free atm and joint account listed for Up, alongside free cash machine withdrawals. The monthly fee on the everyday account is AUD 0, and help is available on chat, phone and email for each holder.
How do the fees compare with the other brands?+
Up charges a monthly fee of AUD 0 and a currency conversion fee of 0%. The monthly fees at the alternatives are €0 at AXI Card Tarjeta y Credito, €0 at XTB and €0 at Skrill.
Sources
- up.com.au/bank-overseas-without-the-fees checked September 26, 2026
Backs: Audience
“Bank overseas without the fees... view your balance in both AUD and local currency, and roam the globe with zero fees”
- up.com.au/grow-flow checked September 26, 2026
Backs: Access terms, Account kind, Minimum deposit, Rate type
“Qualifying for interest takes just 5 successful card purchases in a month, with no deposits required.”
- up.com.au/pricing checked September 26, 2026
Backs: Free ATM withdrawals, Currency conversion fee, Headquarters, Pricing model, Monthly fee
“Domestic ATM withdrawals - Free at most major Bank ATMs”
- up.com.au/product-terms checked September 26, 2026
Backs: Legal entity, Support channels, Licences
“Bendigo and Adelaide Bank Limited (ABN 11 068 049 178, AFSL and Australian Credit Licence No 237879) is the issuer of all Up branded banking and financial products”
- up.com.au/product-terms/section-m checked September 26, 2026
Backs: Features, Transfer fee
“ATM Withdrawal, Balance Enquiry or Transfer ... Free; "2Up" means a 2Up joint account arrangement”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currencies.
Related by the facts
Up
A free everyday account for people in Australia who also spend in other currencies.