Ubank Limited: Purpose, Values, FAQ, Contact Details

Ubank Limited (formerly known as Teba Bank) is a South African bank operating in the microfinance sector which mainly targets lower-income blue-collar workers, especially those in the mining sector.

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Ubank is a well-established financial services provider that has grown over the years and managed to entrench itself primarily within the gold and platinum mining communities.


Core Values

  • We’re digital & innovative
  • We’re competitive
  • We love our people


Who Owns U Bank South Africa?

ubank Limited has a unique structure as it is wholly owned by ubank Group Limited, which is wholly owned by a Teba Fund Trust administered jointly by the National Union of Mineworkers (NUM) and Minerals Council South Africa, previously known as Chamber of Mines whose beneficiaries are the customers of the Bank.

Is U Bank a Safe Bank?

UBank is my favourite bank for high interest savings accounts as they have one of the highest interest rates in the market, with no account keeping fees and have a very easy and reliable website and mobile app to manage money transfers.

How Do I Contact U Bank?

Call us as soon as possible on 1300 822 630 (within Australia) or +61 2 8756 0855 (from overseas) 24/7. To notify us of a passing of a loved one, you can: Call 13 30 80; or. Email us at

Is U Bank Owned by Nab?

UBank is an Australian direct bank, that operates as a division of National Australia Bank (NAB).

What’s the Ubank Limited USSD code ?

By using our mobile banking app, you can bank at home, at work or on the move – at any time of day. No more waiting in queues. Cell phones – Use any cellphone and use a USSD code (*120*101010#) to select certain transactions from a menu of options.

Contact Details

Toll-free: 0800 222 254

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