MyState Bank Everyday Account

$6.00$0 monthly account fee if you deposit min. $2,000 per month or are under 23 years.

MyState, The Rock

Visa Debit or
EFTPOS

MyState Bank Everyday Account Review

Rates and fees information correct as at 10 December 2018.

Review published: 28 June 2018

What's hot:

  • $0 monthly account fee if you deposit minimum $2,000 a month or are under 23 years old

  • $100 cash back when you make 5 card transactions in the first 30 days

What's not:

  • $6 monthly account fee

Mozo snapshot:

The MyState Bank Everyday Account has a number of features that make banking in the modern world even easier, including things like, access to Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay, 24/7 online access to your account and money transfers in less than 60 seconds with PayID. Plus if you’re under 23 years old, or depositing at least $2,000 into the account each month, there are no account fees to worry about.

Key features:

Looking for a bank account that offers a little something extra? The MyState Bank Everyday Account has a unique offer that lets you kickstart your new account with a few extra funds, by making 5 card transactions in the first 30 days to be rewarded with $100 cash back.

This isn’t the only special feature on offer: if you have at least $2000 come into your account, for example through your paycheck, then you won’t have to pay the $6 account fee for that month. Plus, you won’t have to worry about paying an account fee if you’re under 23 years old.

The account also has great accessibility at ATMs; if you link your phone up to either Samsung, Apple or Google Pay, you can use your phone for either in store purchases or to get cash out of ATMs. And whether you’re using your phone or your card, almost every ATM in Australia will be fee free to use.

And finally, MyState Bank allows you to sign up for PayID, which means transferring money to a mate or family member will happen in a flash, taking less than 60 seconds and only requires their email or phone number.

Who it's good for:

The MyState Bank Everyday Account is best for someone who is able to avoid the monthly fee, either by being under 23 years old, or by depositing at least $2,000 into the account each month.

Any catches?

If you sign up for the account, then turn 23 years old, be aware that you’ll no longer avoid the $6 account fee by default.

And if you’ve got plans to spend up big, keep an eye on the $1,000 daily ATM withdrawal limit.

How are MyState Bank bank accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.4

Based on 78
MyState Bank bank accounts reviews

6.4 5.4 8.1 7.6 7.7

Read MyState Bank bank account reviews by the Mozo community

Latest reviews of MyState Bank Everyday Account

MyState Bank

MyState Bank Everyday Account bank account review

Overall rating   8 / 10

Usually always good

Time waiting in line for counter help can be a bit long at times.

Full review

Time waiting in line for counter help can be a bit long at times.

    Price   8 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Theresa, Tasmania, reviewed 9 months ago

MyState Bank

MyState Bank Everyday Account bank account review

Overall rating   8 / 10

Customer service is fantastic

They're a really good bank, I trust them with my accounts. Customer service is fantastic.

Full review

They're a really good bank, I trust them with my accounts. Customer service is fantastic.

    Customer service   10 / 10

    Trust   10 / 10

Less

Crystal, Tasmania, reviewed 11 months ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • Balances from $0: 0.00% p.a.

  • none

  • n/a

Fees

  • $6.00

  • $0 monthly account fee if you deposit min. $2,000 per month or are under 23 years.

  • Unlimited free transactions from network ATM, EFTPOS, cheque, counter deposits and withdrawals, phone and internet

  • $0.00

  • MyState, The Rock

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $5.00

  • 3.00%

  • $0.00 monthly

Other financial bits

  • $1.00

  • $1.00

Features

  • $1,000.00

  • yes

  • no

  • yes

  • yes

  • yes

  • yes

  • yes

  • none

  • none

Atm card

  • $0.00

  • $0.00

  • 2.00%

Debit card

  • $5.00

  • $0.00

  • 3.00%

About MyState Bank

MyState Bank is an Authorised Deposit-taking Institution and a national diversified financial services group headquartered in Tasmania. MyState Bank has strong roots in the Tasmanian community, offering lending, savings accounts, financial planning and insurance.

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