Thumbnail icon for MyState Bank

MyState Bank Everyday Account

Advertiser disclosure
Account fee
$6.00
Payment options
Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay, Garmin
Interest rate
0% p.a.

Mozo editorial review MyState Bank Everyday Account

Last updated: 6 May 2020.

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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. 

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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 $2,000 a month or be under 23 years of age. This is easy to do if you set up a direct salary 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 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 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. 

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Who is it 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.

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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 6 December 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
7.4/10
Price
6.7/10
Features
5.7/10
Customer service
8.0/10
Convenience
7.6/10
Trust
7.7/10

Latest reviews of MyState Bank Everyday Account

  • Overall 10/10
    Amazing service

    My little family and i adore our lovely Mystate assistants. They are always polite, friendly and fast. Very frendly with my daughters. My youngest is wheelchair bound and everytime she comes to a branch with me she is welcomed with stickers, stamps ect, the happy smiles makes banking a different experience. I have always and will always bank with Mystate. I have never had any problems and they always make sure myself and my children are completely happy with our visits.

    Read full review

    My little family and i adore our lovely Mystate assistants. They are always polite, friendly and fast. Very frendly with my daughters. My youngest is wheelchair bound and everytime she comes to a branch with me she is welcomed with stickers, stamps ect, the happy smiles makes banking a different experience. I have always and will always bank with Mystate. I have never had any problems and they always make sure myself and my children are completely happy with our visits.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Amber, Tasmania reviewed 16 days ago
  • Overall 1/10
    Some people don't trust internet banking.

    Had to close accounts as I still like face to face customer services.

    Read full review

    Had to close accounts as I still like face to face customer services.

    Price
    1/10
    Features
    1/10
    Customer service
    1/10
    Convenience
    1/10
    Trust
    1/10
    Less
    Rodney, Queensland reviewed 3 months ago
  • Overall 9/10
    Good bank for everyday banking with local branch.

    I like the fact that there is a local bank where I can go to speak in person to the staff. The phone staff are always helpful when called. I dislike that the home loans were not competitive and switched/refinanced home loan with another bank.

    Read full review

    I like the fact that there is a local bank where I can go to speak in person to the staff. The phone staff are always helpful when called. I dislike that the home loans were not competitive and switched/refinanced home loan with another bank.

    Price
    7/10
    Features
    6/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    8/10
    Less
    Helena, Tasmania reviewed 5 months ago
  • Overall 8/10
    A great small bank that competes with the big ones

    They still operate as a local bank and the staff do all they can to help.

    Read full review

    They still operate as a local bank and the staff do all they can to help.

    Price
    9/10
    Features
    6/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Craig, Tasmania reviewed 5 months ago
  • Overall 9/10
    Ok.

    They are always nice.

    Read full review

    They are always nice.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Jason, Queensland reviewed 9 months 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.

See MyState Bank bank accounts

MyState Bank

MyState Bank

Glide Account

$0.00

MyState

Visa Debit

MyState Bank

MyState Bank

Glide Account

$0.00

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

0% p.a.

Suncorp

Suncorp

Everyday Options

$0.00

Apple Pay, Google Pay, PayID

0.01% p.a.

CUA

CUA

Everyday Snap Account

$0.00

Apple Pay, Google Pay, PayID, Samsung Pay

0% p.a.

P&N Bank

P&N Bank

& Transaction Account

$0.00

Apple Pay, Google Pay, PayID, Samsung Pay

0% p.a.

NAB

NAB

Classic Banking Account (with Standard Visa Debit Card)

$0.00

Apple Pay, Google Pay, PayID, Samsung Pay

0.01% p.a.

CUA

CUA

Everyday 50+ Account

$0.00

Apple Pay, Google Pay, PayID, Samsung Pay

0.01% p.a.

Citi

Citi

Global Currency Account

$0.00

PayID, Samsung Pay

0% p.a.

MyState Bank

MyState Bank

Glide Account

$0.00

MyState

Visa Debit

Suncorp

Suncorp

Everyday Options

$0.00

Suncorp, RediATM

Visa Debit

CUA

CUA

Everyday Snap Account

$0.00

CUA

Visa Debit or
EFTPOS

P&N Bank

P&N Bank

& Transaction Account

$0.00

None

Visa Debit or
EFTPOS

NAB

NAB

Classic Banking Account (with Standard Visa Debit Card)

$0.00

NAB

Visa Debit or
EFTPOS

CUA

CUA

Everyday 50+ Account

$0.00

CUA

Visa Debit or
EFTPOS

Citi

Citi

Global Currency Account

$0.00

Citibank

Debit Mastercard