Australia
activeFeaturedNeobankBusiness banking
- HQ
- London
- Fee
- Free personal
Up
Australian spending account with a cheerful debit card.
Rate this app
7.9Solid
AlternativesOur take
Desk verdict
The Australian consumer pick. Archa is the business-card cousin in this register; they solve different jobs.
Up is a digital bank brand of Bendigo and Adelaide Bank. Deposits are ADI deposits. That is why it survived the Australian neobank thinning that sent others to the graveyard.
Up lists ADI via Bendigo and Adelaide Bank under APRA in Australia. On safeguarding we currently write: Financial Claims Scheme up to $250,000 at the ADI. Holder / issuer line: Bendigo and Adelaide Bank. An AML programme is claimed. There is no IBAN-class local rail on the flags we store. We list 1 live markets on the product. As we score the sticker: monthly Free; FX International spend fees apply (not a travel specialist); ATM Fee-free at partner ATMs; interest Savers with bonus rates. This desk would open it for: Australians who want an ADI-backed everyday account with a beloved app.
What it does well: Real ADI protection via Bendigo; Best-loved consumer fintech app in Australia; Free everyday banking. What to watch: Australia-only; Not a business platform; FX is not the point. Desk score 7.9 / 10 (safety 8.8, fees 9.0, features 8.0, app 9.2). Last verified 2026-08-01. Headquartered in Melbourne, Australia; founded 2018. None of this is advice — it is a file so you can read the entity before the card colour.
Best for: Australians who want an ADI-backed everyday account with a beloved app.
Pros
- +Real ADI protection via Bendigo
- +Best-loved consumer fintech app in Australia
- +Free everyday banking
- +Savers that people actually fund
Cons
- −Australia-only
- −Not a business platform
- −FX is not the point
Account facts
- Platforms
- iOS · Android
- Account types
- Everyday · savings · kids
- Partner bank
- Bendigo and Adelaide Bank
- Minimum balance
- A$0
- Lowest monthly fee
- A$0
- Who can open
- Australian residents
- Availability
- Australia
How it actually works
- Custody
- Bank balance
- Local rails
- In-app ledger
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Review risk
- Bank-grade; still not freeze-proof
- Pay surface
- mastercard · physical · virtual · Apple Pay · Google Pay
Safety
Financial Claims Scheme up to $250,000 at the ADI
Holder / issuer: Bendigo and Adelaide Bank
- APRAADI via Bendigo and Adelaide Bank · Australia
Fees
- Monthly
- Free
- FX markup
- International spend fees apply (not a travel specialist)
- ATM
- Fee-free at partner ATMs
- Interest
- Savers with bonus rates
Features
- –IBAN
- ✓Fee-free core
- –Multi-currency
- ✓Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- Spending account + Savers
- Pay on the day payday tools
- Two-up joint
- Cover (insurance) add-ons
- Open banking in Australia
Score
- Safety25%
- 8.8
- Fees20%
- 9.0
- Features15%
- 8.0
- App15%
- 9.2
- Global15%
- 3.4
- Support10%
- 8.0
Change log
Full logNo dated notes yet. When the licence, fees, or status moves, it lands here.
Available in
FAQ
Is Up a bank?+–
Up holds a banking-style licence (APRA). Still read the legal entity on the statement, not the app icon.
How is money protected?+–
Financial Claims Scheme up to $250,000 at the ADI
Where is Up available?+–
We list 1 market desk on the desk. Residency and onboarding rules still sit with Up.
Card and wallets?+–
mastercard · physical · virtual · Apple Pay · Google Pay
Ratings and reviews
No published user reviews yet. The desk score still comes from licence, fees, and the product — not from a empty star average.
Alternatives
Full alternatives page
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- HQ
- London
- Fee
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activeFeaturedKids and teens
- HQ
- Sydney
- Fee
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