$20 for Both Referrer and Referee - Referrer Activates Offer by Updating to The Latest App Version @ Up Bank (App Required)

Up Bank have increased their referral program to $20 each for both referrer and referee.

For Referrers:

1. In order to increase your referral rate, you simply need to update your app to the latest version. It doesn't look like you need to watch the "Up Year 2024" video.
2. Check to see if the increase has applied by navigating in the app menu to "Up → Hook Up a Mate" where you should see the following banner:
   "Give your mates the gift of Up, and get a cool $20 each! Until 31/01/2025"
3. Once you have confirmed that, add your referral code to the newly created '$20 Signup Bonus' section below as per the mods.

For New Users/Referees:
This is the most straightforward method for getting your bonus cash:

1. Install Up Bank iOS(apps.apple.com) or Up Bank Android(play.google.com) from your app store (Do not launch app yet)
2. Click on the referral generator via your mobile to find a referral, then click on Join Up button to launch into the app
3. Continue sign up process to verify ID etc.
4. Profit - referral bonus is deposited immediately

Thoughts on Up Bank:
They are a pretty good everyday mobile bank, although their interest rate of 4.35% for savings has fallen behind the other digital banks over the past couple years.
They seem to have a good reputation for home loans - but we do not bank with them for this purpose.

The app is feature rich and there are some features that are completely unique to the Up ecosystem. Added some extra points from wangasm

• PayID usernames linked to Up bank
• In app chat support that is very responsive
• Integration with Wise for overseas transfers
• A visually satisfying product tree called the Tree of Up(up.com.au)
• Contact Management - Just more intuitive with more options like creating contacts from incoming transactions or assigning transactions to contacts.
• Threads - Payments are grouped by Threads which show you the complete transaction history with the contact. Yes it is smart enough to usually know which transactions belong to which contacts. This view just makes more sense to me
• Insights - Complements Threads with useful statistics to track your spending/transactions over time down to a per thread/merchant/category basis.
• Chances for cashback on morning coffee or happy hour purchases
• Card management - More granular control over how your card can be used. Also can have up to 2 cards (one digital, one physical)
• Security/login - Up has more login options. I personally like that you can set it so doesn't require you to login everytime you open the app to see your account (Login still required to transact). Meanwhile uBank went the opposite direction and forced everyone to use passkeys just to open the app, which takes at least 5 seconds for me. Yes I know it is technically more secure but I don't need it on my phone, especially if it takes longer.

For frequent questions, please check their Support Page(up.com.au)

https://up.com.au/hook_up_a_mate/