How to get $8 Instantly with Up Bank and Enjoy Fee-Free Banking
Up is a fee-free online-only banking option that has been around for a few years now.
I’ve used them in Australia and overseas. Here is my experience plus a bonus for you.
Disclosure: This post may contain affiliate links to products and services I use.
How do I get $8 Instantly from Up
I realise most people reading this are interested in the free cash bonus Up has when you join. It is so simple.
Join online in a few minutes here and they add $8 to your account instantly.
You will need your ID and details to add but it is a quick, secure process.
What is Up Bank?
Up Bank is an online-only option for banking that is partnered with Bendigo Bank.
They are fee-free so no monthly account-keeping fees, overdraft fees etc.
You have the options of regular everyday accounts, savings accounts and joint accounts.
Up launched in 2018, so they’ve been around a while.
They make it extremely easy to organise your money, track it all, save and improve your finances.
There are also some cool perks.
What is Up Customer Service Like?
Whenever I have had an issue it’s been resolved faster than any other bank I have dealt with.
In the app, there is a section to contact customer service instantly and they respond in there too.
Messaging them, they respond quickly and have always been able to sort out any issues I might have fast. Even when I was travelling overseas.
Does Up Work Overseas?
I’ve used my Up card in Australia, Slovenia, Austria, Vanuatu and the Solomon Islands, all with no issues.
Make sure you tell Up where you are travelling so they don’t put a block on your card and transactions.
Some shop owners/cashiers will look at the card weirdly because there are no numbers on the front, the details are all on the back.
Once it processes though, they are fine with it.
And of course, anywhere with tap and pay can accept it when you load it on your phone.
How do I Deposit Cash?
As with other online-only banks, you can deposit cash and cheques at any Australia Post office.
It might feel weird at first but they are so used to doing these transactions.
It doesn’t take long and the money is in your account immediately.
What Perks does Up Banking Have?
Buy your coffee with your Up between 7am and 11am weekdays and you might get the cost of your coffee covered.
Spend up to $6.50 using your Up card and if you win, you’ll be notified.
Along with fee-free banking, potentially getting your daily coffee for free is a great perk.
Another perk is the refer a friend bonus. Starting at $5 in your first year and increasing every year you have the app (hence why you can get an $8 bonus from me instead of $5), it’s a great little perk.
Each week, 5 lucky people also win $100 for referring a mate.
What About Joint and Savings Accounts?
Up makes joint accounts super easy. Both be members of Up and then either one of your can invite the other to create a joint account.
Savings accounts are easy to set up with a few clicks as well plus they have bonus interest rates that can be activated when you save.
There is a round-up feature you can utilise to boost your savings too.
I set my spending to round up a few dollars and this money is then transferred to my savings account.
It has been interesting to see how quickly that adds up.
How do I use the Up App?
It is quick and easy to install, sign up and get your $8 bonus.
Swiping across will show you the different sections including your Up Profile, Activity, Payments, Savers, Upcoming Expenses and Customer Service.
To access your BSB and Account, refer a friend, perks and other details, swipe to the very first page and all your information can be found there.
Save $1,000
Up has a cool little feature to encourage you to save. Join the challenge to save $1,000 this year.
You set the amount and are in control.
Up makes it fun for you and if you stick to it, you’ll have $1,000 saved!
Overall Thoughts About Up Banking
If you’re after an easy to use, fee-free bank with great perks, excellent customer service and good interest rates, Up is a fantastic option. Get your $8 sign up bonus now.
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Get a $100 Bonus from ING
If you want another bank bonus, ING are currently offering $100.
- Open an everyday account and put the promo code CNW116 in the promo box (you must use the code to get the $100 bonus) and complete all the steps below in the first month.
- Deposit $1,000 into the account such as your income or Centrelink payments
- Make 5 settled transactions
- Open a Savings Maximiser (current interest rate is 5.5%)
- Make a deposit into the Savings Maximiser
Then you get your $100 the following month when the promotion is running. Promotion periods vary. The current promotion runs until October 31, 2023.
