MyState Bank Everyday Account

$6.00

Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay, Garmin

0% p.a.

MyState Bank Everyday Account

$6.00

Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay, Garmin

0% p.a.

Mozo Review   MyState Bank Everyday Account Review

Last updated: 8 January 2020.

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

  • Full suite of mobile payment options

  • No overseas ATM fees

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:

If you don't want to pay the $6 monthly account fee with the Everyday Account from MyState Bank, you'll need to deposit at least $2000 a month or be under 23 years of age. This is easy to do if you set up a direct deposit from your employer.  

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.

MyState Bank also 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.

If you travel internationally, there are no overseas atm fees with the ATM card but you will pay a 2% foreign exchange margin. There is an optional Visa debit card option with this account but if you use this overseas you'll pay a $5 overseas ATM fee and the foreign exchange margin is 3% for international transactions. 

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.

Details

Rates and fees information correct as at 22 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.00% p.a.

  • n/a

  • 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

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $5.00

  • 3.00%

  • $0.00

Other financial bits
  • $1.00

  • $1.00

Features
  • $1,000.00

  • yes

  • no

  • yes

  • yes

  • no

  • yes

  • yes

  • none

  • none

Atm card
  • $0.00

  • $0.00

  • 2.00%

Debit card
  • $5.00

  • $0.00

  • 3.00%

Payment options

Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay, Garmin

Customer Reviews

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

Overall customer rating
7.5/10
Price
6.5/10
Features
5.5/10
Customer service
8.2/10
Convenience
7.7/10
Trust
7.8/10

Latest reviews of MyState Bank Everyday Account

  • Overall 8/10
    Always very helpful.

    They are always very helpful.

    Read full review

    They are always very helpful.

    Price
    8/10
    Features
    6/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Christina, Tasmania reviewed 3 months ago
  • Overall 10/10
    Great bank, ATM Australia wide, friendly staff.

    I have been using MyState ever since I was 16 years old when my parents signed me up to the bank. I have never looked back and have always stayed with them. Now I am 40 years old. Fees are low or none, easy to get in contact with them and speak to Australian operators. Easy access to ATM's all over Australia and the World. Easy to to use Online Banking and Website. Most of the fees I have on my account are refunded at the start of the next month because of the account I hold and I get my wages paid into it regularly. I highly recommend MyState!

    Read full review

    I have been using MyState ever since I was 16 years old when my parents signed me up to the bank. I have never looked back and have always stayed with them. Now I am 40 years old. Fees are low or none, easy to get in contact with them and speak to Australian operators. Easy access to ATM's all over Australia and the World. Easy to to use Online Banking and Website. Most of the fees I have on my account are refunded at the start of the next month because of the account I hold and I get my wages paid into it regularly. I highly recommend MyState!

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Jeremy, Western Australia reviewed 3 months ago
  • Overall 9/10
    Great bank with great staff.

    MyState is a great bank with great staff and are easy to deal with. They explain everything in great detail and make sure the customer knows what they are getting.

    Read full review

    MyState is a great bank with great staff and are easy to deal with. They explain everything in great detail and make sure the customer knows what they are getting.

    Price
    10/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    7/10
    Trust
    10/10
    Less
    Brady, Tasmania reviewed 4 months ago
  • Overall 10/10
    Excellent service

    My family has banked with Mystate since its origins as Lanceston Bank 70 - 80 years ago. The institution has provided excellent service and competitive interest rates on all our investments, home & business loans, etc. Online banking service response to any technical help we need is always speedy & helpful.

    Read full review

    My family has banked with Mystate since its origins as Lanceston Bank 70 - 80 years ago. The institution has provided excellent service and competitive interest rates on all our investments, home & business loans, etc. Online banking service response to any technical help we need is always speedy & helpful.

    Price
    10/10
    Features
    5/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Carolyn, Tasmania reviewed 5 months ago
  • Overall 8/10
    Usually always good

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

    Read full review

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

    Price
    8/10
    Features
    -1/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Theresa, Tasmania reviewed almost 2 years ago
MyState Bank

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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