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Zeller review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Zeller is a digital-only business transaction account with an easy-access savings pot paying a headline rate of 4.95% that is variable. It suits Australian and UK businesses and freelancers who want app-based banking with savings on the side, and who are comfortable holding a regulated business account.

Key facts

Best for
Business and freelancer accounts with a savings pot attached and no monthly charge.
Monthly fee
A$0↗
Deposit protection
FSCS up to GBP 85,000↗
Currency conversion fee
0%↗
Local account details
UK-sort-code↗
Transfer fee
AUD 0, free unlimited real-time fund transfers; no fee to settle to a third-party bank account↗
Legal entity
Zeller Australia Pty Ltd↗
Headquarters
Australia↗
Founded
2020↗
Support channels
Email, Phone, Help-centre, Community↗
Audience
Business, Freelancers
Pricing model
No monthly fee
Features
Digital-only
Official website
myzeller.com

Savings

Headline rate
4.95%↗
Rate type
Variable↗
Access terms
Instant access, no lock-in periods; interest calculated daily and paid monthly on the Zeller Savings Account↗
Account kind
Easy access↗

Facts checked September 26, 2026, 7 sources

Apps and profiles

Get the app
Google Play
Elsewhere
TrustpilotLinkedInX

Pros and cons

Pros

  • Real-time transfers to other banks carry no charge, so the cost does not rise with transaction volume
  • An easy-access account (easy access) with instant access and no lock-in period, and interest calculated daily but paid monthly
  • Support runs on email, phone and help centre, with phone and email both listed alongside a help centre and community
  • UK sort code details for local payments (uk sort code), alongside separate British and Australian licences

Cons

  • Cash deposit counters are not among its listed features, which show digital-only only (digital only), so cash handling runs through the app
  • The savings account pays a variable rate (variable) with interest calculated daily and paid monthly, so the return can move
  • UK sort code details are listed (uk sort code) but the British and Australian licences are separate, so read the terms for your market
Zeller

Ready to try Zeller?

Scored 8.9 / 10 by VaultCue.

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Who it suits

  • Businesses and sole traders who want a monthly fee of AUD 0 on a business account
  • Freelancers billing in Australian dollars who also want a savings pot
  • Traders who convert currency often and pay a conversion fee of 0%

Who should look elsewhere

  • Anyone who needs branches or cash deposit counters, because the only listed feature is digital-only (digital only)
  • Plazo ES, if you want a fixed savings term, since the Zeller Savings Account is easy-access (easy access) and its rate is variable (variable)

Safety of your money

Zeller holds an Australian financial services licence, AFSL No 534281, and a British authorisation, 1029940. UK deposits are covered by the deposit protection stated as FSCS up to GBP 85,000. Each market is authorised separately, so what the licence and the protection cover depends on where the account is opened.

How Zeller compares

Where Zeller is available

Available
Australia, United Kingdom
Licence in Australia
Australian Securities and Investments Commission (ASIC) (AFSL No 534281), checked September 26, 2026
Licence in United Kingdom
Financial Conduct Authority (FCA) (1029940), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does Zeller charge to hold the account?+

The monthly fee is AUD 0, and the pricing follows a no-monthly-fee model (no monthly fee). There is also no charge to settle to a third-party bank account, and real-time fund transfers are free and unlimited. In practice the running cost of the account is close to nothing.

What does it cost to convert currency?+

The currency conversion fee is 0% on the business debit card, so converting between currencies adds nothing to the bill. Payments made with the card draw on the same business balance, and no separate charge is listed for conversion. That keeps the running cost flat for anyone trading in several currencies.

Is my money protected?+

Deposit protection is stated as FSCS up to GBP 85,000 for UK balances. Zeller sits under a regulator in each market: the Australian Securities and Investments Commission, licence AFSL No 534281, and the Financial Conduct Authority, 1029940. Which regime applies depends on where you open the account.

Can I get interest on my business balance?+

The Zeller Savings Account is an easy-access account, easy access, with a headline rate of 4.95% and a variable rate type, variable. Interest is calculated daily and paid monthly, and there is no lock-in period, so you can withdraw whenever you need the money.

Who is Zeller built for?+

The stated audience covers business and freelancer users, business and freelancer. The business account, the savings account and the business debit card are all built around trading money rather than personal day to day spending. The company behind it is Zeller Australia Pty Ltd (Zeller Australia Pty Ltd), based in Australia.

Can I reach a person if something goes wrong?+

Support runs on email, phone and help centre, which covers email, phone, a help centre and a community. Phone and email are both listed, so a billing or transfer problem does not have to go through an app message. The same channel list applies on the Australian side.

Does it work in the UK?+

Yes, with UK sort code payments listed among the local details, uk sort code. The UK side sits under the Financial Conduct Authority, 1029940, and UK deposits carry the protection stated as FSCS up to GBP 85,000. Check which market you are being offered, since the licences are separate.

Sources

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Currencies.

Zeller

Zeller

Business and freelancer accounts with a savings pot attached and no monthly charge.

8.9/10See alternatives