MyState Bank Glide Account

Mozo snapshot:

If you’re looking for a budget-friendly account that gives you no hassle when it comes to depositing and withdrawing your money and making debit purchases, the MyState Bank Glide Account may be what you’re after. With a $0 account fee and a $0 monthly debit card service fee, the account won’t charge you anything just for having it open. And when you use other Aussie bank ATMs to take out cash, MyState won’t charge you fees for it. 

Offering multiple mobile payment options, the MyState Bank Glide Account is also good for those who want the convenience of paying for everyday purchases with their smartphone. 

Key features:

With a $0 account fee and $0 monthly debit card service fee, it’s simple and cost-free to open and maintain a MyState Bank Glide Account. All you’ll need to do is to deposit a minimum $1 into the account and have at least $1 in balance at any one time. You’ll also have the choice to make transactions and do all your banking over the phone, in person or online, as the MyState Bank Glide Account has both branch access and BPAY functionality. 

And you won’t even need to bring the physical debit card while shopping. The MyState Bank Glide Account offers a wide range of mobile payment options for all sorts of smartphones and tech gadgets: Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay and Garmin. 

If you prefer using cash to shop, the MyState Bank Glide Account lets you withdraw money from other ATMs in Australia at no extra cost. But keep in mind the ATM provider may charge you a fee and you’ll also need to factor in a $2.75 fee for withdrawals over the counter. And if you’re looking to splurge or make an expensive purchase, keep in mind the account will only allow you to withdraw a maximum of $1,000 a day. 

You might also be better off leaving the MyState Bank Glide Account card at home while travelling internationally, as it has a $5 overseas ATM fee and a 3% foreign exchange commission for debit purchases. 

Who it's good for:

If you’re looking for a quick and easy way to deposit and withdraw your money and make debit purchases, with a card or your smartphone and without the worry of extra fees, then this account could be the one for you.