Thumbnail icon for MyState Bank

MyState Bank Everyday Account

Account fee
$6.00
Payment options
Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay, Garmin
Interest rate
0% p.a.
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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 15 July 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
7.4/10
Price
6.7/10
Features
5.5/10
Customer service
8.1/10
Convenience
7.6/10
Trust
7.7/10

Latest reviews of MyState Bank Everyday Account

  • 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 20 days 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 5 months ago
  • 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 7 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 8 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 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.

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