Ready to switch to a bank that actually works for you?
Up Bank is the app-first bank built for modern Australians, with real-time spending notifications, automatic savings tools, and zero monthly fees. It's one of the fastest-growing neobanks in Australia for a reason.
And right now, you can sign up with an Up Bank referral code and get $18 added to your account, just for joining. Using an Up Bank invite code takes seconds during sign-up and instantly unlocks your bonus. No hoops. No hidden conditions.
Last verified: 25 May, 2026. Our content is ✔ Updated Daily ✔ Verified ✔ No Expired Deals
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Why Australians are switching to Up Bank
Whether you're fed up with big bank fees or just want a smarter way to manage money, Up Bank makes it simple, and using a referral code makes it even sweeter.
- Instant transaction notifications
- Smart budgeting and savings tools built into the app
- No monthly fees, no nonsense
- Easy payments via Apple Pay & Google Pay
Use my up Bank referral code and grab your bonus today.
How to Use an up Bank Referral Code
- Head to the App Store (iOS) or Google Play (Android) Store and download the Up Bank app; or click on this link: https://hook.up.me/tcm2023
- Open the app and create account.
- During signup you'll be prompted for a referral code in the “Hook up a mate” or “Invite code”), enter the referral code.
- Complete your ID verification and required steps to open the account.
- Make transactions or use your card as required in the terms and conditions to trigger the referral bonus being credited to your account.
How Much Can You Save with up Bank
You'll save by not paying transaction fees – how much you save is relative to many transactions you make on a monthly basis.
Best Ways to Save with up Bank
1. Unlock your Up Bank referral code bonus instantly
When you sign up using an Up invite code, you’ll receive a bonus after making your first purchase. This is the easiest and fastest way to get a little boost just for joining.
2. Activate Round-Ups to grow your savings automatically
Once your account is active, turn on Round-Ups, which rounds every purchase to the nearest dollar and saves the difference.
3. Use Up’s fee-free banking to avoid unnecessary costs
Up has no monthly account fees, no domestic ATM fees, and no minimum balance requirements.
4. Make your savings work for you
Put savings in an account that generates interest and don't touch them to earn the highest interest rate that up Bank pays every month. Lock Savers to prevent impulse withdrawals. Split your pay across Savers automatically when you get paid.
5. Avoid bank fees
up Bank doesn't charge fees for Spend account card transactions, zero international transaction fees and free ATM withdrawals worldwide.
What is up Bank
Up is an Australian neobank that offers a modern, app-based banking experience. Launched in 2018, Up focuses on simplifying personal finance with smart budgeting tools, instant payments, and automated savings features. With no monthly fees, Up provides a seamless digital experience, integrating spending insights, round-up savings, and joint accounts. It supports Apple Pay, Google Pay, and international transactions with low fees. Backed by Bendigo and Adelaide Bank, Up ensures security and reliability while maintaining a fresh, customer-centric approach. Known for its innovation and engaging user interface, Up has quickly become a popular choice for tech-savvy Australians looking for smarter banking.
Is up Worth It in 2026?
Yes – for most Australians, Up Bank is still worth it in 2026. Here's the honest breakdown of the pros and cons:
How up Promo Codes Work / Why Your Code Might Not Work
Some of the common issues we hear people having a re caused by:
- Existing customers trying to use the code (only new customers can)
- Incorrect code entry
- Code not entered at sign-up
- The referring person has closed their account
- Changes in the offer
Frequently Asked Questions
How do I use an Up Bank referral code when signing up?
Download the Up app from the App Store or Google Play, start creating your account, and enter the referral code when prompted in the “Hook up a mate” or invite code field. Complete your ID verification and any required steps to trigger the bonus.
Where can I find a valid Up Bank invite code?
The best place is a trusted deals or referral site that actively updates their codes. Avoid old forum posts or expired links, codes shared by inactive accounts may no longer work.
How much is the Up Bank referral bonus?
The current bonus is $18 credited to your account after signing up and completing the required steps. Bonus amounts can change, so always check the latest offer before signing up.
Who is eligible for the Up Bank referral bonus?
The bonus is only available to new Up Bank customers. If you've held an Up account before, you won't qualify. Both you and the person who referred you need active accounts for the reward to apply.
Why didn't my Up Bank referral bonus apply?
Common reasons include entering the code incorrectly, skipping the referral field during sign-up, not completing the required card transactions, or already having an existing Up account. If you believe the code was valid, contact Up's in-app support – they can often resolve it manually.
Can I enter a referral code after I've already signed up?
No. The code needs to be entered during the sign-up process. Once your account is created without a code, it's too late to apply it retroactively.
Does Up Bank charge any fees?
No. Up has no monthly account fees, no minimum balance requirements, no domestic ATM fees, and no foreign transaction fees – making the referral bonus essentially free money on top of an already fee-free account.
What are the best alternatives to Up Bank if I'm not eligible for the referral?
What should I do if I have a complaint about Up Bank?
You'll need to complain directly to up Bank first, using their internal dispute resolution process. Most complaints can be resolved quickly once you make contact. But if you have no success, contact AFCA.
Final Thoughts: Best up Deals Right Now
If you're tired of paying fees, staring at a clunky app, or wondering where your money actually went – Up Bank might be exactly what you've been looking for.
Up is an Australian neobank built for people who want banking that's simple, smart, and actually enjoyable to use. No monthly fees. No foreign transaction fees. No drama.
Up Bank could be right for you if:
- You want a best-in-class app with real-time spending notifications and automatic categorisation
- You're building savings goals and want to separate your money into buckets with up to 50 named Savers
- You travel internationally and refuse to pay 3% foreign transaction fees every time you tap your card
- You want joint account features (called 2Up) without switching banks entirely
- You're done with big bank fees and want a genuinely fee-free everyday account
up Alternatives / More Banking and Finance Deals
- ING – If you want cashback on everyday spending and a no-fuss savings account with simple conditions, ING is a solid big-bank alternative worth considering.
- uBank – If maximising your savings interest rate is the priority, ubank offers some of the highest ongoing rates in Australia with straightforward conditions and no withdrawal penalties.
Michael is a contributor to The Champagne Mile – Deals. No fancy credentials – just a genuine obsession with finding ways to travel better for less, and sharing those finds with anyone who'll listen. Michael figures there are plenty of other Australians who'd rather spend five seconds clicking a link than five hours searching for a working code.When he's not buried in promo codes, Michael is probably planning his next trip overseas or dirtbike adventure.
