Review of Up Bank

What exactly is Up Bank?

Up Bank is a Melbourne-based neobank, whose sole focus as of today is the individual Aussie segment, especially aiming to those customers who are willing to enter an only smartphone-based banking model. This means, in other words, that Up will not be having any physical branches nor telephone support. 

Up's spending account has no maintenance fees or additional fees for foreign transactions (in case of making or receiving payments overseas) and gives customers detailed reports about their transactions.

Up offers, besides, a checking account for customers’ normal spending and an additional savings account for long-term investments. The checking account is managed through a mobile platform (available on iOS and Android), as this neobank offers a variety of tools that let customers manage their money and expenses.

For further information, please log on to https://up.com.au/