You apply online using our simple step-by-step application.

When you apply, we need you to tell us certain personal information about yourself and your self managed super fund. This includes, but isn't restricted to, the following:

• Details of the trustees and beneficiaries or your fund.
• Your driver's licence number (if applicable).
• An Australian mobile phone number.
• A secret question and answer (we will use these to identify you when you call).

Unfortunately, no - but you can open an account online. It's easy and can be done in just three simple steps.

In most cases your account will be set up immediately after you apply. You can then access your account by logging in at ubank.com.au with the temporary password we send you upon receiving your application.

We'll also send you a letter once your account has been set up. But you can always check in with us anytime on 13 30 90.

Not if you're an existing UBank customer and provide us with your account number.

But if you're new to us, yes. We'll do this electronically by using public domain databases, but if this is not successful, we'll need you to provide us with some documents. We'll let you know after you've applied.

If you haven't met UBank's identity checks then certain limitations apply. Most importantly you won't be able to access your funds until you meet our identification requirements. This includes your deposit and any interest you may have accrued.

Have a look at current interest rates

We calculate interest on the daily closing credit balance of your UBank USaver SMSF, up to and including the last day of the month. Interest is credited to your account on the last business day of each month (or at account closure).

The bonus interest rate applies in months where you don't make any withdrawals from your account. On the last day of the month once we determine that you are eligible for the bonus rate, we apply the higher rate, which is calculated daily, and paid monthly.

If you add funds to your account during the month, interest on these funds only applies for the days that they have been in the account. For example if you have $1 million in your account at the beginning of the month and then you add another $500,000 during the month, you'll only earn the interest on this additional money for the actual time it was in your account and not for the entire month.

The interest rate applying to your UBank USaver SMSF is a variable rate and may change from time to time.

We will advertise the changes in a major newspaper or by post or email no later than the day the interest rate change takes affect.

ASP transactions will generally appear in your USaver SMSF account the following business day, but it can take an extra 1 or 2 business days for it to show up in your external account. This is because of the way USaver SMSF pulls funds from your external account (rather than the usual way of pushing funds from it).

When you initiate an ASP payment, the money will appear as "uncleared funds" both in your USaver SMSF Online Banking screen and customer balance chart. The funds will take 4 business days to clear and only then will you be able to transact with them.

There are two reasons:

• This is the time it takes to guarantee that the transaction can be honoured by the external account provider.
• It also protects you, as it provides 3 days notice to the owner of the external account that a withdrawal has been requested by the USaver SMSF account - allowing enough time for it to be stopped if it's a fraudulent request.

No. Some financial institutions may not allow direct debits on a range of accounts. Before setting up a direct debit, it's worth checking with your financial institution.

There is no minimum balance. The maximum amount is $2 million per customer. In the case of a USaver SMSF the customer is the fund. That means if you have 10 USaver accounts they all need to have a combined balance of $2 million or under.

One off or ad hoc transfers.

BPAY® - lets you transfer funds electronically by using a simple BPAY® biller code and a unique customer reference number. Our biller code is 768374 and your customer reference number is your account number. Use these to make your deposit, and start earning interest immediately, all with no hassles and no paperwork.

Funds Transfer - simply transfer funds from any Australian bank account. Your USaver SMSF BSB number is 082-991. You'll also need your account number to make the funds transfer, you can find this by logging into UBank. Both your BSB and account number are shown within the USaver SMSF Account summary.

If you do not have a record of your account number, don't worry, just give us a call on 13 30 90 and we'll provide this to you.

Cheque - simply write us a cheque made payable to UBank or the account holder(s). You'll need to write your full name, address, date of birth and your account number on the reverse side of the cheque. Please note we can't accept a third party cheque

Send us your cheque to (no stamp required):

UBank Reply Paid
1466 North Sydney NSW 2059

Linked account transfer - this is the most convenient method if you plan to make multiple deposits from one of your own accounts. To set up and verify a linked account, simply log in at ubank.com.au and select 'Create linked account', from the Transfer Money menu and follow the prompts.

Once you've provided your linked account details we'll send a micro-payment of $0.01 to your linked account with your Authentication Number in the transaction description. This will normally appear in your linked account within one business day. Once you have the Authentication Number, please return to ubank.com.au, log in and select 'Create linked account', from the Transfer Money menu. Finally, select the "Pending" link next to your new linked account and enter the Authentication number to complete the verification process.

And just so you know there's no limit to the number of linked accounts you can set up but there is a daily transfer $10k limit from verified linked accounts.

There are several ways that you can pay money out of your account, including:

• Linked account transfer
• Pay anyone
• Transfer funds between your USaver SMSF accounts
• Pay another USaver account.

If there are accounts you make regular payments to, you should add them as a 'Payee' within a 'Payee Category'. To add a payee you must select or add the payee to a 'Payee category'. To add a Payee category select 'My Payees' from the 'Payments' menu.

Your payees are separated into categories, so you must first choose a name for the category. Here are a few examples to get you started: 'Friends and Family',' Colleagues' and 'My Accounts'. But you can call them whatever you like.

You'll then be able to 'Add Payee Details'. And then keep adding 'Payees' to the category as you see fit. By adding Payees you'll be able to transfer funds to accounts you frequently transfer money to. This way you won't have to enter in the payee details every time.

Yes, when you open your account we'll give you a UBank USaver SMSF BSB and account number. You can then transfer funds from any Australian bank to your USaver SMSF account. Please check with your bank as restrictions may apply.

Yes we can - you can take the hard work out of saving by setting up an Automatic Savings Plan (ASP). You can set up an amount to regularly contribute (every week or month etc - it's your choice). Then you can just sit back and watch your money grow, automatically.

To set up an ASP, you'll first need to link your USaver SMSF account with the account you'd like to draw funds from. To do this log in at ubank.com.au and select 'Manage my account', from there, select 'Linked accounts' from the 'Accounts' menu, and follow the prompts.

View UBank's Direct Debit Agreement here

Sorry, not right now. Here's how you can deposit money into your USaver SMSF.

BPAY® - lets you transfer funds electronically by using a simple BPAY® biller code and a unique customer reference number. Our biller code is 768374 and your customer reference number is your account number. Use these to make your deposit, and start earning interest immediately, all with no hassles and no paperwork.

Funds Transfer - take advantage of UBank Turbo by sending your deposit via Electronic Funds Transfer (EFT). Simply transfer funds from any Australian bank account using the UBank USaver SMSF BSB number (082991) and your account number.

Set up an Automatic Savings Plan (Direct Debit) - an Automatic Savings Plan (ASP) regularly draws a fixed amount of money from your linked bank account at a set time (every week or month etc - it's your choice).

To set up an ASP, you'll first need to link your USaver SMSF account with the account you'd like to draw funds from. To do this, simply log in at ubank.com.au and select 'Create linked account', from the Transfer Money menu and follow the prompts.

Credit your Salary - choose to have your salary paid into your USaver SMSF and you'll attract higher interest than you would in an everyday transaction account, to manage your money. It means that all the time you're working hard, you know your salary is too! All you need to do is give your employer your USaver SMSF account name, BSB and account number, and they'll set this up for you.

Cheque - simply write us a cheque made payable to UBank or the account holder(s). You'll need to write your full name, address, date of birth and your account number on the reverse side of the cheque. Please note we can't accept a third party cheque for term deposits.

Send us your cheque to (no stamp required):

UBank Reply Paid
1466 North Sydney NSW 2059

Yes, you can send it here please (no stamp required):

UBank Reply Paid
1466 North Sydney NSW 2059

Please be sure to:

• Make the cheque payable to UBank or the account holder(s).
• Write your name and account number on the back of the cheque. We can't accept a third party cheque so your cheque needs to be in the same name as the account holder(s).

Send it to us at the following address (no stamp required):

UBank Reply Paid
1466 North Sydney NSW 2059

Please be sure to:

• Make the cheque payable to UBank or the account holder(s).
• Write your name and account number on the back of the cheque. We can't accept a third party cheque so your cheque needs to be in the same name as the account holder(s).

Yes! Here's how;

BPAY® - lets you transfer funds electronically by using a simple BPAY® biller code and a unique customer reference number. Our biller code is 768374 and your customer reference number is your account number. Use these to make your deposit, and start earning interest immediately, all with no hassles and no paperwork.

You'll need to send your total funds in a single transfer. If your bank imposes a withdrawal limit - contact them directly to increase your daily limit.

You can also deposit money in to your USaver SMSF a number of other ways;

Funds Transfer - take advantage of UBank Turbo by sending your deposit via Electronic Funds Transfer (EFT). Simply transfer funds from any Australian bank account using the UBank USaver SMSF BSB number (082991) and your account number.

Set up an Automatic Savings Plan (Direct Debit) - an Automatic Savings Plan (ASP) regularly draws a fixed amount of money from your linked bank account at a set time (every week or month etc - it's your choice).

To set up an ASP, you'll first need to link your USaver SMSF account with the account you'd like to draw funds from. To do this, simply log in at ubank.com.au and select 'Create linked account', from the Transfer Money menu and follow the prompts.

Credit your Salary - choose to have your salary paid into your USaver SMSF and you'll attract higher interest than you would in an everyday transaction account, to manage your money. It means that all the time you're working hard, you know your salary is too! All you need to do is give your employer your USaver SMSF account name, BSB and account number, and they'll set this up for you.

Cheque - simply write us a cheque made payable to UBank or the account holder(s). You'll need to write your full name, address, date of birth and your account number on the reverse side of the cheque. Please note we can't accept a third party cheque for term deposits.

Send us your cheque to (no stamp required):

UBank Reply Paid
1466 North Sydney NSW 2059

When considering a new account (savings account, term deposit or other investment), it is important to consider how many days it will take to set up the account and to transfer your money. If your money has to sit in a non interest bearing transaction account for, say 5 days to wait for paperwork to clear, then this can have a dramatic effect on the effective interest rate you are getting.

When you're keen to see your money grow, the last thing you want is to wait around for paperwork to be processed. That's why we created UBank Turbo - so you can start earning interest on your money even sooner.

You can transfer your money immediately after application and start earning interest sooner.

Most banks will allow you to increase the daily withdrawal limit. Just give them a call to arrange - most will do so on the spot. If you still experience difficulties give us a call anytime on 13 30 90 and speak to a real person.

Of course, you could always send us a personal or bank cheque.

Sorry, not right now. Here's how you can deposit money into your USaver SMSF.

BPAY® - lets you transfer funds electronically by using a simple BPAY® biller code and a unique customer reference number. Our biller code is 768374 and your customer reference number is your account number. Use these to make your deposit, and start earning interest immediately, all with no hassles and no paperwork.

Funds Transfer - take advantage of UBank Turbo by sending your deposit via Electronic Funds Transfer (EFT). Simply transfer funds from any Australian bank account using the UBank USaver SMSF BSB number (082991) and your account number.

Set up an Automatic Savings Plan (Direct Debit) - an Automatic Savings Plan (ASP) regularly draws a fixed amount of money from your linked bank account at a set time (every week or month etc - it's your choice).

To set up an ASP, you'll first need to link your USaver SMSF account with the account you'd like to draw funds from. To do this, simply log in at ubank.com.au and select 'Create linked account', from the Transfer Money menu and follow the prompts.

Credit your Salary - choose to have your salary paid into your USaver SMSF and you'll attract higher interest than you would in an everyday transaction account, to manage your money. It means that all the time you're working hard, you know your salary is too! All you need to do is give your employer your USaver account name, BSB and account number, and they'll set this up for you.

Cheque - simply write us a cheque made payable to UBank or the account holder(s). You'll need to write your full name, address, date of birth and your account number on the reverse side of the cheque. Please note we can't accept a third party cheque for term deposits.

Send us your cheque to (no stamp required):

UBank Reply Paid
1466 North Sydney NSW 2059

Sorry, not right now. Here's how you can deposit money into your USaver SMSF.

BPAY® - lets you transfer funds electronically by using a simple BPAY® biller code and a unique customer reference number. Our biller code is 768374 and your customer reference number is your account number. Use these to make your deposit, and start earning interest immediately, all with no hassles and no paperwork.

Funds Transfer - take advantage of UBank Turbo by sending your deposit via Electronic Funds Transfer (EFT). Simply transfer funds from any Australian bank account using the UBank USaver SMSF BSB number (082991) and your account number.

Set up an Automatic Savings Plan (Direct Debit) - an Automatic Savings Plan (ASP) regularly draws a fixed amount of money from your linked bank account at a set time (every week or month etc - it's your choice).

To set up an ASP, you'll first need to link your USaver SMSF account with the account you'd like to draw funds from. To do this, simply log in at ubank.com.au and select 'Create linked account', from the Transfer Money menu and follow the prompts.

Credit your Salary - choose to have your salary paid into your USaver SMSF and you'll attract higher interest than you would in an everyday transaction account, to manage your money. It means that all the time you're working hard, you know your salary is too! All you need to do is give your employer your USaver account name, BSB and account number, and they'll set this up for you.

Cheque - simply write us a cheque made payable to UBank or the account holder(s). You'll need to write your full name, address, date of birth and your account number on the reverse side of the cheque. Please note we can't accept a third party cheque for term deposits.

Send us your cheque to (no stamp required):

UBank Reply Paid
1466 North Sydney NSW 2059

You cannot deposit money into your USaver SMSF in cash, travellers cheques, international drafts or RTGS. For current allowable deposit methods please refer to How do I deposit money into my USaver SMSF?

Yes, you can take the hard work out of saving by setting up an Automatic Savings Plan (ASP). You can set up an amount to regularly contribute (every week or month etc - it's your choice). Then you can just sit back and watch your money grow, automatically.

To set up an ASP, you'll first need to link your USaver SMSF account with the account you'd like to draw funds from. To do this log in at ubank.com.au and select 'Manage my account', from there, select 'Linked accounts' from the 'Accounts' menu, and follow the prompts.

To verify your linked account you'll need to log in at ubank.com.au and enter the Authentication Number. You'll find an Authentication Number (located within the asterisk) in your linked bank account transaction description field. And below, is a step-by-step explanation of how to add your linked account and complete your Automatic Savings Plan set up.

Next steps.

You've been sent a new micro-payment ($0.01) to your linked bank account. All you have to do now is:

• Retrieve the Authentication Number. This number is appended to the micro-payment we sent to your linked bank account.
• Log in at ubank.com.au
• Once you're logged in, select 'Linked Accounts' from the 'Accounts' menu. Then click on the 'Pending' link, enter the Authentication Number and hit 'enter'.
• Now all you need to do is click on the 'Add Savings Plan' button and set up your Automatic Savings Plan.

Yes, you can turn your one USaver SMSF account into several - one for each of your savings goals. It's easy, and you don't have to go through the application process again. Simply log into 'MyMoney' at ubank.com.au and select 'Open USaver SMSF Account' from the 'Account' menu.

A daily transfer limit per customer per business day applies to selected transactions performed in UBank Online Banking and Telephone Banking. These are:

The 'daily transfer limit' does not apply to:

• Funds Transfers between your accounts at UBank.
• Funds Transfers, performed by UBank Telephone Banking, to your nominated linked bank account held with another Australian financial institution (including NAB).

Provided you are transferring cleared funds:

• Transferring funds between your own USaver accounts generally occurs immediately.
• Transferring funds to USaver accounts not within your own profile (3rd party accounts) generally occurs immediately provided that you provide the Security Code that we send you by SMS.
• Transfers to accounts with other Australian financial institutions are generally processed overnight as long as you provide the Security Code that we send you by SMS. The transfer must generally be completed before the cut-off time of 4:00 pm Australian Eastern Standard Time. Funds should generally be available at the other institution the next business day (depending on the institution).

Should funds be sent after 4:00 pm Australian Eastern Standard Time the availability of these funds will be available at the other institution generally within the next 2 business days (depending on the institution).

Yes. You are only able to cancel future dated transfer, up until the day before the transfer is due (i.e. transfers not due for payment today).

Once a payment or transfer is made we are unable to stop that transaction.

Yes. You can modify funds transfers that have a status of periodic or future dated up until the day before the transfer is due (i.e. transfers not due for payment today).

Once a payment or transfer is made we are unable to stop that transaction.

Yes. You can create a regular transfer at anytime via UBank Online Banking.

Sorry, not right now. You can only transfer money to an Australian bank account.

UBank Online is available 24 hours a day, seven days a week.

You will need the following information to make a payment to another person(s) (or business) account at UBank or another financial institution in Australia:

• BSB number (this identifies the bank and outlet of the person you wish to pay and must be exactly six digits in length),
• account number of the person you wish to pay (this must be numeric), and
• account name of the person you wish to pay

Yes. UBank Online Banking allows 'Pay Anyone' access which enables you to transfer funds to any other UBank account(s) and any other Australian financial institution.

The default 'Pay Anyone' access daily limit is $20,000 per customer per business day. You can increase this limit by setting up a linked account and having the account verified or by calling us on 13 30 90.

You can set up a linked account by logging in at ubank.com.au and then select "Manage my accounts" from there, select 'Linked accounts' from the 'Accounts' menu, and follow the prompts.

Setting up a linked account can take up to 48 hours. Once your linked account has been set up, please call us on 13 30 90 to transfer funds.

The default 'Pay Anyone' access daily limit is $20,000 per customer per business day. You can increase this limit by setting up a linked account and having the account verified or by calling us on 13 30 90.

You can set up a linked account by logging in at ubank.com.au and then select "Manage my accounts" from there, select 'Linked accounts' from the 'Accounts' menu, and follow the prompts.

Setting up a linked account can take up to 48 hours. Once your linked account has been set up, please call us on 13 30 90 to transfer funds.

As far as UBank USaver SMSF accounts go, there are no fees or charges payable.

We will send you statements at least every six months - in January and July.

We'll send them by post, to the nominated mailing address of the fund. You can also view all your account transactions by logging into "MyMoney" at ubank.com.au

We'll send you a welcome email to your nominated email address within a day after you've applied.

Don't worry, if you do need a paper copy of welcome letter and the USaver SMSF Terms and Conditions, simply call us on 13 30 90 anytime and we'll be happy to send this to you in the post.

Don't worry, just give us a call and we'll ensure that your nominated email address is correct and re-send you your welcome email.

If you do need a paper copy of welcome letter and the USaver SMSF Terms and Conditions, simply call us on 13 30 90 anytime and we'll be happy to send this to you in the post.

You can view all your new USaver SMSF account details by logging in to online banking at ubank.com.au. Your account number is shown in the USaver SMSF Account summary.

View the USaver SMSF Terms & conditions. Or feel free to call us on 13 30 90 anytime and we'll happily send you a copy in the post.

Yes, we'll send you your USaver SMSF statement at least every six months from the date you opened your account.

We use a stock called Precision. It's Australian Made, PEFC (Programme for the Endorsement of Forest Certification) Certified, and ISO 14001 Environmental Accredited - which means the suppliers use renewable energy to produce the stock. Our envelopes and flyers are also produced from this stock.

It means the paper is sourced from suppliers who practise sustainable management of forests, in line with strict international standards.

Yes, it's 100% recyclable.

If you have a login email and password you can view your account balance online by selecting 'Manage my account' once you've logged in.

Otherwise call us anytime on 13 30 90 for details of your account.

Yes. You can view the credit interest details for your savings accounts by accessing the 'Account details' screen within 'Account info'. This can assist you when it comes to completing your tax return for the previous financial year.

All parties on a joint account can access information about the USaver SMSF.

Fill out a Detail Change form in 'MyMoney'. See the form for the documentation we require from you as proof of your change of name.

Call anytime on +61 2 8756 0855

You'll be eligible to earn bonus interest on your USaver SMSF account in months where you don't make any withdrawals. Transfers between your other USaver SMSF accounts don't count as withdrawals so you'll still qualify to earn the bonus interest.

You'll earn Bonus interest in the month in which you haven't made any withdrawals. So if no withdrawals are made on an account in June, interest is earned at the base rate plus Bonus Interest rate for the entire month of June.

Once we have identified you account is eligible we adjust the interest rate for that month to include the Bonus Interest rate and recalculate your interest for that month at the base rate plus Bonus Interest rate.

Effectively yes. Even though your account is not adjusted until the last business day of the month, interest is credited at the base rate plus Bonus Interest rate for the entire month.

The new rate will be applied from the day we implement the new rate. E.g. if the Bonus Interest rate changes from 0.50% to 0.55% on June 15th and your account qualifies for Bonus Interest in June – your account will earn interest at the base rate plus 0.50% up to and including June 14th and base rate plus 0.55% from June 15th to June 30th.

Yes! Any USaver SMSF account where you don't make any withdrawals in that month will qualify for Bonus Interest.

Not automatically no. We determine eligibility each month, so you must continue to meet the eligibility criteria to continue to earn interest at the Bonus Interest rate