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Get $50 after 3 Card Purchases within 30 Days of Receiving Invitation (Existing Save & Spend Customers Who Upgrade) @ ubank

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Get $50 after 3 Card Purchases within 30 Days of Receiving Invitation (Existing Save & Spend Customers Who Upgrade) @ ubank
Go to Deal
WorkingLowJam on 10/11/2022 - 19:09 ubank.com.au (3419 clicks)
Last edited 31/03/2023 - 14:56 by 2 other users

In 2021, we announced that UBank and 86 400 were coming together to create a streamlined digital banking experience. This new chapter gave us the opportunity to upgrade our banking platform and bring a new experience to our customers

Terms and conditions
>The Upgrade Bonus offer will run from 1 September 2022 to 31 March 2023 and is available to all eligible ubank customers who meet the Upgrade Bonus Offer Criteria. The Upgrade Bonus offer cannot be used in conjunction with any other offer (unless we determine otherwise).

The Upgrade Bonus offer will run from 1 September 2022 to 30 June 2023 and is available to all eligible ubank customers who meet the Upgrade Bonus Offer Criteria. The Upgrade Bonus offer cannot be used in conjunction with any other offer (unless we determine otherwise).

The offer is limited to one bonus payment per customer.

You are an eligible customer if you:

  • are an ‘original’ ubank customer with a Save account and are upgraded to the new ubank experience (customers who were previously original ubank customers and closed their accounts are not eligible for this offer); and
  • within the offer period, have or open a ubank Spend account.

To meet the Upgrade Bonus Offer Criteria, you must make 3 purchases using your ubank debit card (including digital wallets), that are made and settled within 30 days of receiving an SMS from us saying you’re ready to upgrade.

A card transaction will only be considered “settled” once it is fully processed to your account and no longer showing as “pending” in your transaction history.

Eligible customers who meet the Upgrade Bonus Offer Criteria will receive a payment of $50 into their Spend account within a few days of fulfilling those criteria.

Referral Links

Referral: random (1257)

Referrer and referee each receive $20 after referee makes 5 settled card purchases within 30 days.

Financial Bank Account Savings Account Transaction Account

Related Stores

ubank
ubank

closed Comments

  • ClaudeVL on 10/11/2022 - 19:18
    +3

    How do I know if I've upgraded and when I had upgraded?

    • kerfuffle on 10/11/2022 - 19:20

      I got an e-mail when I got upgraded today

      • tabboo on 10/11/2022 - 19:21

        How did you upgrade?

        • kerfuffle on 10/11/2022 - 19:21
          +6

          … by waiting?

          • tabboo on 10/11/2022 - 19:22

            @kerfuffle: I assumed once you get the message you had to do something? Not the case?

            • kerfuffle on 10/11/2022 - 19:23

              @tabboo: All I had to do was log in on the new website and app after I got upgraded.

        • ClaudeVL on 10/11/2022 - 19:21

          Did you have to do anything to upgrade?

      • jmc787 on 10/11/2022 - 21:07

        Did you get a new debit card ? I thought they were changing our debit cards as part of the upgrade. Do the transactions need to be on the new one?

        • kerfuffle on 10/11/2022 - 21:09
          +1

          It's in the post. Already activated my digital one.

          • kerfuffle on 11/11/2022 - 07:38
            -1

            @kerfuffle: I actually got it in the post yesterday but didn’t know until this morning

        • WorkingLowJam on 10/11/2022 - 21:22
          +3

          Yes, I received a new debit card which mentioned this deal. The transactions need to be on the new card (or the digital wallet equivalent) but apparantly you also need to wait for an sms confirming you are ready for the update. The 30 days starts from the day you receive this sms and the letter with the physical card explains this.

      • Ghost47 on 10/11/2022 - 22:32

        Have you got any credits into your account?

        For some reason I have credits into all of my savings accounts ranging from $7-$52 with the description "- Openingtransfer". Not sure why that is… maybe interest accrued MTD on the legacy accounts?

        • kerfuffle on 11/11/2022 - 07:38
          -1

          Yep, same. I also assumed it was the interest accrued

        • uwuwu on 17/11/2022 - 15:44

          Same here with the ‘Openingtransfer’
          I did some quick maths based on 3.6% prorata for the amount of days i had the old account open this month and it works out about right

          So yes I would say it’s the interest being transferred from the old ubank

  • denserham on 10/11/2022 - 19:23
    +2

    If I am a 86400 that converted to a ubank does that count?

    • xMELZAx on 11/11/2022 - 05:59

      me too. and I don't think so 😞

      tho I wonder if it's worth making 3 small transactions anyway.. maybe.. just in case ? lol.

      I've had a 86400 account for a while now but very rarely ever use it.

  • purple1 on 10/11/2022 - 19:31
    +8

    What happened to the Sweeps feature?
    Automated sweeps are not available on the new app. If you had sweeps setup on your original ubank account, these will be cancelled. As an alternative, you can set up regular payments between your accounts.

    • Gojkins on 10/11/2022 - 19:37
      +11

      They took our sweeps!

      • leeroys_dad on 10/11/2022 - 20:37
        +4

        Dey took our swerps

      • bdl on 10/11/2022 - 20:47
        +4

        Sooty will not be happy

        • pixxelpusher on 10/11/2022 - 22:40
          +4

          He may even Soo

        • tharlow on 10/11/2022 - 22:58
          +1

          Quite honestly, he was being held back

      • Shane034 on 10/11/2022 - 20:58
        +3

        Dey took our jerbs.

    • factor on 10/11/2022 - 20:51

      Does that prevent my current method of using the account: all the cash is in the high interest, direct debits come out of the transaction account but pulls money through from the savings account.

      If so, any other banks offering a suitable replacement?

      • linkii on 10/11/2022 - 20:59
        +4

        You can direct debit/bpay from savings account now.

        Or you can switch to Macq, they pay a high interest on their transaction account.

        • factor on 10/11/2022 - 21:52
          +2

          OK - so need to change all direct debits to a different account number - what a pain. $50 is a small contribution towards the pain.

          I actually liked the inability of the savings account to take direct debit — that account number could be tossed around with no security risk — it only could accept money.

          • petestrash on 29/11/2022 - 09:39
            +2

            @factor: They automatically transferred all my Direct Debits that were done from ubank to the save account. But if you have companies pulling from the spend account then you will have to manually change those.

            • factor on 29/11/2022 - 22:37

              @petestrash: I wonder if that magic is a temporary routing-through of the Direct Debit from old account to new account. Or, does this somehow permanently update. Maybe I'll try doing nothing! I've got my first SMS and my card, so changeover is happening soon.

      • ForeverInBlueJeans on 10/11/2022 - 21:08
        +3

        86400 customer here. They allow you to pay all bills money transfers out of savings account. The only thi h spend is needed for is card transactions.
        You can also set a push notification if your balance drops below a set amount. I guess this is their ‘sweeps’ feature

  • SBOB on 10/11/2022 - 19:33

    wonder what the trigger is for when your account is selected as 'valid' to be 'upgraded'

    not sure how its an upgrade though

    • WorkingLowJam on 10/11/2022 - 19:47

      My assumption is if you're a ubank customer with a usave account and you have had this account before the whole 86400 merger then you are eligible for the "upgrade" and the $50 offer (once you receive the sms confirming the upgrade).

      I have not received the sms yet, but I did receive the letter and the new look card.

      • kerfuffle on 10/11/2022 - 19:48

        Does it have to be SMS? I only received e-mails (yes they have my number)

        • WorkingLowJam on 10/11/2022 - 20:11

          My letter says to wait for an sms from ubank saying you're ready to upgrade and that the 30 days starts from the day you receive the sms.

          • kerfuffle on 10/11/2022 - 20:17
            +1

            @WorkingLowJam: Eh. Guess I'll buy three $1 items from Coles or something and see what happens (the only SMS I got was about my new debit card)

  • DoctorCalculon on 10/11/2022 - 19:44
    +5

    So, if you have an account with the new UBank (formerly 86400), and the old UBank, I assume you are not eligible for this promotion.

    I guess I will play the waiting game, and see.

    • Hargain Bunter on 11/11/2022 - 11:13
      +1

      I’m in the same boat, will update you if I get the offer.

  • Hiphopopotamus on 10/11/2022 - 19:57

    This seems quite nice, I was getting jealous of the deals they had for new customers.

    Still waiting to be upgraded.

  • oblueknighto on 10/11/2022 - 20:20

    Guess I'll wait for the SMS.

  • Kapinny on 10/11/2022 - 20:35
    +1

    anything for new customers?

  • MrBlueSky on 10/11/2022 - 20:36

    Thanks OP, I'll keep an eye out

  • ken70657 on 10/11/2022 - 20:41

    Got the $50 yesterday. Thanks Ubank.

    • tharlow on 10/11/2022 - 23:06
      +4

      No, thank you for being a valued UBank customer!

    • aznhy01 on 25/11/2022 - 23:24

      did you get an sms? i only got the email saying it's ready to upgrade

      • ken70657 on 25/11/2022 - 23:43

        I got an sms

  • bdl on 10/11/2022 - 20:47
    +5

    So damn confusing, NAB! YOU'VE DONE IT AGAIN!

    tl;dr = if you login at ubank and are redirected to the black and white 'old'/legacy ubank web page, you've not been upgraded… yet

    • JPossum on 11/11/2022 - 00:53

      Yep I got redirected to the god awful green, black and white page (vomit emoji)

  • bdl on 10/11/2022 - 20:50
    • When will I be upgraded?

    We’ll be contacting customers in the coming months with next steps for their USpend and USave accounts. To make sure we can reach you, please check that your email address and mobile number are up to date via the current UBank app or online banking.

    Until then, just sit tight and keep using your account the same way you always have. We promise we’ll reach out to you when you need to do something differently.

    from https://www.ubank.com.au/upgrade/uspend

    and more info here depending on what accounts you currently hold: https://www.ubank.com.au/upgrade/

  • furyou on 10/11/2022 - 20:58
    +2

    Is it a deal if the only action you can take is do nothing? 🤪

  • Shane034 on 10/11/2022 - 21:00
    +7

    I'm confused as hell. If Ive been a member of both since before the merger am I eligible?

    • tharlow on 10/11/2022 - 23:02
      +2

      Your banking world is about to implode. Survive the collision, you will not

      • Shane034 on 11/11/2022 - 03:48
        +1

        Any tips? Thinking I might put the lot in ubank and just keep 86400 for the debit card. Noticed all the accounts were called save, it hurt my head 😄

        • tharlow on 11/11/2022 - 17:24

          I wish I could help, but alas, I am even more confused than you

  • Benjkmv on 10/11/2022 - 21:06

    oh, i recently closed my original ubank account as I was no longer using it

  • nfr on 10/11/2022 - 21:16
    +3

    Looks like this "upgrade" is about moving old ubank accounts to 86400's platform. I wonder how it affects people who have both accounts.

    • tharlow on 10/11/2022 - 23:05

      I’d imagine that sort of issue would greatly complicate the merging effort. The integration team might be annoyed enough to just delete you to simplify their lives

      • Shitforbrains on 10/11/2022 - 23:34
        +2

        You can't just delete people any more.

        • tharlow on 10/11/2022 - 23:59

          Hillary Clinton has entered the chat

  • ShouldIBuyIt on 10/11/2022 - 21:25

    receiving an SMS from us saying you’re ready to upgrade.

    Oh right, that's the catch

  • the crocodile on 10/11/2022 - 21:27
    +4

    I have accounts with both 86400 and original Ubank… the experience is confusing as hell

  • umoddbro on 10/11/2022 - 21:43

    I have an account with both….. when do we get merged?

  • finbar on 10/11/2022 - 22:20
    +4

    So those people who moved over themselves already and closed the old legacy accounts making things easier for ubank get SFA ?

    • tharlow on 10/11/2022 - 22:56

      Thanks for being an early adopter! (Never be an early adopter!)

  • Ghost47 on 10/11/2022 - 22:30
    +3

    I got moved over today. I think there was an email earlier this week saying accounts would start to be moved over.

    I would just be careful with transferring money to your legacy UBank accounts. I sent my pay check when I received it this morning, maybe 1-2 hours later I got moved, wasn't sure if my pay made it through to the right account (because the new accounts have new BSB and account numbers). Got a push notification tonight saying the money was transferred.

    PSA: make sure you update your BSB and account numbers after you get migrated over, UBank have auto-transfers set up but will remove them in a couple of weeks, or so I was told by the customer service rep when I called them today.

    • Yola on 10/11/2022 - 22:38
      +11

      They have taken like a year to do this, but they are giving us 2 weeks to change our auto-debits.

  • Yola on 10/11/2022 - 22:35
    +7

    I have both the original and new Ubank accounts and am not in a rush to be "upgraded". Besides having to change all automatic debits and losing the ability to get the bonus interest on $500k the worst part is not being able to link accounts and transfer $100k without having to call. With the new ubank, you have to ring for anything over $20k and I asked them just yesterday if they will keep the $100k transfer feature and was told it's not in the integration plan. The person seemed to know what she was talking about as she referred to linking when I had not. The ability to more money quickly is very valuable right now with the rates changing constantly. But I must admit it took less than 5 min to get thru on the phone but still better if you do not have to call. I will not be upgrading for 50 bucks they will have to carry me screaming to the new bank.

    • DoctorCalculon on 11/11/2022 - 01:01
      +2

      bonus interest on $500k

      You are aware that the ADI guarantee is up to $250K (combined) across all NAB deposit accounts under your name?

      Account linking, and sweeps are gone.
      The CS rep I have spoken to have mentioned that these features are in the roadmap of the new UBank platform.

      • team teri on 11/11/2022 - 02:26

        NAB is too big to fail and will get bailed out.

      • Yola on 11/11/2022 - 07:46
        +2

        Yes, I am aware but it's a very tiny risk.

    • danielh on 11/11/2022 - 07:27

      Interesting point about the $500k. I have had to use my Macquarie (ING is capped) for the overflow but I also take the point about the tiny risk in the ADI guarantee.

    • petestrash on 11/11/2022 - 11:31

      How do/did you get the bonus interest on 500K, PDS has always been 250K for me?
      https://www.ubank.com.au/help/current/everyday-banking/earni…

      • Yola on 11/11/2022 - 18:42
        +2

        I have the old UBank and the new ubank/old 86400. The limit is for each one. It works until they integrate them.

  • pixxelpusher on 10/11/2022 - 22:49
    +6

    This is confusing as this is the first I've heard of this, I haven't received any emails or anything. Have had accounts with UBank for 10 years now.

    • Ghost47 on 10/11/2022 - 22:52

      Nothing in your junk inbox? For a while I didn't receive emails from UBank, but I think earlier this year when they started sending out rate hike emails they went to my junk inbox for some reason.

      • pixxelpusher on 10/11/2022 - 22:54
        +2

        No I get them to my main mailbox. Been getting the rate hike emails, and whenever I transfer funds I get emails. I've never got an email about this upgrade.

    • WorkingLowJam on 11/11/2022 - 09:21

      I was in the same boat as you, the letter with the new ubank card and mention of this promo appeared out of nowhere.

      • pixxelpusher on 11/11/2022 - 12:40

        Guess I just have to wait. The roll out seems very random.

  • payless69 on 11/11/2022 - 08:54
    -2

    Where can I buy the book: Hoops for Dummies?

    • kerfuffle on 11/11/2022 - 09:26
      +2

      Same place where you got Trolling for Dummies.

  • CyberMurning on 11/11/2022 - 10:30

    it says there: once you received sms.

    so everyone just wait for the sms (or email) before start spending 3x

  • browser on 11/11/2022 - 10:58

    Guess customers joined in recent months are not part of the upgrade? Because already on the new platform?

  • capslock janitor on 11/11/2022 - 10:59

    Can I open an old ubank now??

  • dami on 11/11/2022 - 11:34
    +3

    OMG how confusing!! So I just upgraded to the new app and now the account numbers / bsb have changed, is that correct?

    • Gojkins on 11/11/2022 - 11:46
      +5

      that's what the $50 is for

      • dami on 11/11/2022 - 11:49

        Thanks, i also got 2 refunds issued to my (now old) debit card yesterday before the changeover, hopefully that'll come through even though it's the old card/account.

  • zoomjc on 11/11/2022 - 13:14

    Anyone else having trouble upgrading by trying to add/open a USpend account on an old USave account? The app does not appear to be allowing it. Contemplating going down the ANZ App account route instead but thought I'd use an old Ubank account I have sitting around that has been inactive. But it won't allow me to open the Uspend which I gather is the only way to qualify for the bonus interest.

    • kerfuffle on 11/11/2022 - 13:55
      +1

      Because you're using old UBank …

      • zoomjc on 11/11/2022 - 14:31

        So do I have to close that one and open a new one? That does not make sense as this deal is for existing customers who upgrade isn't it? So I need to be on "old" uBank to qualify.

        • kerfuffle on 11/11/2022 - 16:31
          +1

          By 'upgrading', they upgrade you from their end. You don't initiate it.

  • simplerick on 11/11/2022 - 13:48

    I have the assumption any 86:400 customers like myself will not get the upgrade as we already have access to all the 'new features' that are part of the upgrade.

    https://www.ubank.com.au/help/original/upgrade/product-featu…

    So does not look like any free $50 for us 86:400 customers :(

    • blueyez on 11/11/2022 - 16:04

      Wonder if we can cancel our accounts and start over lol

  • CyberMurning on 11/11/2022 - 16:05

    come on sms… hit me

    • tharlow on 11/11/2022 - 17:13

      UBank is being short with you

  • uwuwu on 12/11/2022 - 21:11

    I got the email about the upgrade but still waiting for sms and letter/new debit card in the mail

  • Lord Ra on 13/11/2022 - 16:09
    +1

    Post merger name

    UB46

  • slamdunka on 16/11/2022 - 04:20

    No email(not in junk), no text, but got new card in mail. If I hadnt seen it here wouldn't know what was happening. Purchases I make before getting the text wont qualify for the $50???

    • uwuwu on 16/11/2022 - 20:38

      The cards not active yet until you set up the new account?

      I've received the card too but I'm still waiting for the SMS

    • danielh on 16/11/2022 - 23:50

      I got an SMS telling me that my new uBank Visa Debit card was arriving soon and that they will send another SMS as soon as it is time to upgrade.
      I have not gotten the next SMS either.

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