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.
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.