Best ubank Bank Accounts

Receiving money via OSKO is not instant – It takes 1 business day transferring money from Westpac to Ubank via OSKO. The same operation from Westpac to Macquarie Bank is instant. Not impressed.

UBANK don't want new customers If you want to open a new savings account with UBANK you must do it via their app. The process is complex and requires… Read more

you to change access to your phone (for any reason) by using your eyes or fingerprints. If you are successful in opening an account (I wasn't) the savings account only earns interest if the total balance of funds in all accounts with UBANK in the month increases by $1 (not including interest). So in essence you have opened a permanent term deposit, unless you are prepared to lose interest I wonder how many older people, who have lots of money but low IT skills,, will be attracted to UBANK?