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 might be just the thing you’re after. This account charges $0 account fees, $0 monthly debit card service fees and no ATM fees. Offering multiple mobile payment options, the MyState Bank Glide Account could be a good account option for those wanting the convenience of paying for everyday purchases via their smartphone.

Key features

With a $0 account fee and $0 monthly debit card service fee, it’s simple and cheap 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 be able 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. 

Oh, and you won’t even need to bring the physical debit card while shopping, thanks to the wide range of mobile payment options the MyState Bank Glide Account offers on a range of smartphones and tech gadgets, including 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 is it 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.

Any catches

While the MyState Bank Glide Account lets you withdraw cash from international ATMs and make debit purchases overseas, it may not be the best option for your next trip abroad. The account charges a $5 fee every time you withdraw from an ATM overseas and also includes a 3% foreign exchange commission. If you’re heading off on holiday, check out a travel debit card instead.