The Australians do it tough.
As COVID continues to impact lives and businesses – and interest rates are high, housing is unaffordable, and the cost of living is cripplingly high – there is a general unease that we have missed some of our “best years.”
So to rebuild capital and pay off any loans, debts or mortgages we’ve accumulated recently, thousands of dollars Australians are turning to digital bank Upwhich is supported by Bendigo and Adelaide Bank.
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Based in Melbourne, Up is Australia’s largest and highest rated mobile-only offering Banking app built by creatives and engineers – not bankers – and designed to make money easy.
The App is filled with social features like “bill cutting” and asking for cash requests from your friends, as well as no currency conversion surcharges and no additional ATM fees.
It’s free to download, there are no monthly fees, and you can sign up in just three minutes.
Up also has a hugely successful in-app game called “Save 1000“.
More than There are currently 54,000 “Upsiders” active in the gamethat draws on behavioral psychology to help you build healthier money habits.
Every week over the course of a year, the app will ask you to choose one of a few amounts to save. Some big. Some small.
Up will then keep your money safe so it adds up. If you need it, that’s no problem, you can simply close your challenge.
From the Upsiders who completed the challenge, 55 percent said they felt “euphoric” About their performance, 88 percent said they felt like they were a better saver than when they started, and more than 1,000 said it was the first $1,000 they had ever saved.
Up has been helping 700,000 Australians make and save money for more than five years.
To find out more about the bank and its terms and conditions, Visit the website here.
Disclaimer: This story contains general information about a product and is not intended as financial advice. Before acting on the investment information contained in this article, consider your financial situation and objectives and seek your own professional advice.