What are SpendOne and SaveOne accounts?

SpendOne and SaveOne are new financial products launched by SocietyOne powered by Westpac's Banking-as-a-Service platform. SpendOne is a transaction account with zero fees and a round-up feature that automatically transfers savings to your SaveOne account, while SaveOne is a savings account earning 1% per annum.

What are the fees for SocietyOne's SpendOne transaction account?

SpendOne has zero account keeping fees and zero transaction fees, making it a cost-effective everyday transaction account for Australian customers.

How does the SpendOne round-up feature work?

The round-up feature allows customers to nominate an amount to round up their everyday transactions to, with the rounded-up difference automatically transferred to their SaveOne savings account to help build savings effortlessly.

SocietyOne launches transaction & savings accounts powered by Westpac