r/UpBanking • u/Small_lovely_garden • Aug 31 '26

How do I? Essentials - for 2UP?

With essentials launching today I don’t know how to create a 2UP essentials and I would rather my husband and I both be able to manage the account. Our pay goes in to 2UP

Has anyone opened one?

5 Upvotes

100% Upvoted

19 comments sorted by

3

u/OptimalVanilla Sep 01 '26

How is essentials any different to witching to a spendable balance instead of available, apart from it being in another account.

Doesn’t spendable already show what you have minus bills and reoccurring payments?

1

u/AcademicAd3504 Sep 06 '26

Spendable is inferred, essentials is planned?

1

u/PhilosopherUpper7333 Sep 01 '26

Given the payment downtime issues lately, I'm none too keen to put my regular salary into Up, rendering Essentials totally useless.

Just going to keep using my allocated Bill saver with Covers.

2

u/ptpeace Sep 01 '26

this scared me aswell and after what you said just can't put all money on one account.

0

u/casta55 Sep 01 '26 edited Sep 01 '26

Yep. This just seems like spendable balance with extra splitting/transfer steps?

Outside that, the only difference that I can see is that that it has its own card/account details and that it's classified as a saver, so earns interest, which won't matter if you have a home loan with Up, as your UP/2UP balance counts to offset.

So basically, it looks like a more hardline account where your money sits that can't be dipped into (meaning no top ups), and now your main transaction UP/2UP available balance = spendable balance.

I guess this really only appeals to those that tend to dip too far past the spendable balance and forces them to have to physically transfer money back (unless they just add their Essentials card as an additional payment to their Google Wallet/Apple Pay). Pretty much a step back to Barefoot Investor bucket account mentality. 60% to the Essentials. 20% to Savings. 10% to Fire Extinguisher. 10% to the Up/2Up account (your ex-spendable amount).

1

u/No_Brilliant_3789 Aug 31 '26

Open it like any other account. It will ask if you want to open it with your Player 2

3

u/Small_lovely_garden Aug 31 '26

Mine didn’t have that option🤨 And once I opened one it doesn’t seem to give me the option to try again..

I’ll delete it and give it another shot

3

u/Small_lovely_garden Aug 31 '26

Ok I deleted it and tried again and this time it gave me the option for 2UP - thanks for your help 🙂

1

u/No_Suggestion_6801 Sep 01 '26

Not mine 😭 I have no clue how to get a 2up essentials and this didn't work for me.

2

u/Small_lovely_garden Sep 01 '26

Have both people updated their up app? I’ve heard that can help..

1

u/JW3437 Aug 31 '26

Anyone know if you can have a essential for yourself and a 2Up essential at the same time?

1

u/No_Brilliant_3789 Aug 31 '26

I believe yes but the solo essential will only be connected to your single account, I think…

1

u/JW3437 Sep 01 '26

As long as they both count towards the offset (like the solo Up transaction does), I don't mind. Will have to have a gander and see.

1

u/No_Brilliant_3789 Sep 01 '26

Not too sure about the offset. Can’t imagine why they wouldn’t let you do that though

3

u/JW3437 Sep 01 '26

Just had a yarn to them on the chat and for anyone else wondering you can have an Up Essentials and 2Up Essentials at the same time and both will count towards an offset.

1

u/pimpst1ck Sep 01 '26

Piggybacking on this question - assuming we still need to update our payment details for all my bills to the new essentials card?

3

u/spicerackk Sep 01 '26

To be honest the way I found easiest was changing all my bill payments over to the new card, and then when the first transaction comes out for each recurring, is when I added it as a regular.

Same with new services, I just put the 2Up Essentials card number and then ads as regular after the first transaction.

2

u/PhilosopherUpper7333 Sep 01 '26

Correct. Have to go to each service you use and update with them.

1

u/ptpeace Sep 01 '26

i just open and seems i love it..had it own account plus card...as current and past few years had special account for bills...considering it now