ubank Refer a Friend Bonus Review (2026)
Details verified 17 May 2026
Rates can change without notice. Last verified: 17 May 2026 (AEST). Please confirm details on the bank’s official page.
Your bonus
$30
per successful referral
Friend's bonus
$30
when they meet conditions
Condition
5
eligible card purchases in 30 days
How the ubank Refer a Friend Bonus Works
ubank's Refer a Friend program is simpler than a mortgage cashback: share your referral link with a friend, and when they open a ubank account and make 5 eligible card purchases within 30 days, you both receive $30.
ubank is a digital bank owned by NAB that offers a Spend & Save product — a combined transaction and savings account. The refer-a-friend bonus is designed to reward both existing customers who refer and new customers who join.
At $30 per referral, this is a much smaller bonus than the mortgage cashbacks above. But it requires no LVR, no loan, and no 12-month retention period. It's a low-effort bonus for an account worth considering on its own merits.
Key Conditions
| Condition | Detail |
|---|---|
| Bonus amount | $30 each (referrer + friend) |
| Friend's requirement | 5 eligible card purchases within 30 days |
| Friend must be | New to ubank |
| Full terms | See ubank's website for complete conditions |
Details as at 17 May 2026. Check ubank's refer-a-friend page for current terms.
About ubank
ubank is a digital bank owned by NAB. Their Spend & Save product combines a transaction account with a savings account that earns bonus interest when conditions are met (making 5 eligible purchases per month with the ubank card). The $30 refer-a-friend credit is paid on top of whatever interest the savings account earns.
Pros and Cons
Pros
- ✓ No loan or LVR requirement
- ✓ Simple: just 5 card purchases in 30 days
- ✓ Both referrer and friend benefit
- ✓ Account worth opening on its own merits
Cons
- ✗ Only $30 — much smaller than mortgage cashbacks
- ✗ Requires a friend who is new to ubank
FAQs
How much is the bonus?
$30 for you and $30 for your friend, when your friend makes 5 eligible card purchases within 30 days of opening their account.
Does my friend need to do anything specific?
They need to open a ubank account using your referral link and make 5 eligible card purchases within 30 days. See ubank's website for the full conditions.
Can existing ubank customers refer friends?
Yes — existing ubank customers can share their referral link and receive $30 per successful referral.
Information is general in nature and may change without notice. Details verified 17 May 2026. Confirm current eligibility and terms on ubank's website before applying. This is not financial advice.