I have both old and new Ubank, once merged, will they automatically combine my account balance? then only one lot of $250K to earn high interest?
What Will Happen to ubank Merge?
jjj123 on 12/10/2022 - 09:41
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OP, you've been around long enough to know better than ask OzBargain on something non-bargain related…
Nab got their own brand as well as ubank and citi.
Ubank works great, the other 2 limp along.
Anybody actually managed to link a ubank account to a Citi account?
Been at it for 3 weeks and they told me all pencils were broken by now and a new shipment was on its way!Do you mean the ubank original - linking a verified account by extracting the code that accompanies the 1c micro-payment?
It is possible 2 ways:
- wait for the statement
- (from memory) download the transaction listing - in csv. The relevant transaction will have the code.
When they merge, most likely it will be one lot of 250K to earn bonus interest. 250K is chosen by many banks presumably to match the government guarantee amount. No reason banks can't up this of course. At the moment, even if you can earn bonus interest on more than 250K, by spreading across the two, they are still one institution, so only $250K of your funds are guaranteed.
Thank you for calling the ubank support line. Please hold onto something while someone else teleports you the the Ubank call center.