MyState Everyday Account
A flexible, everyday account with Apple Pay, Google Pay and Samsung Pay available.
The MyState Everyday Account is a flexible transaction account for day-to-day spending. Plus, with Apple Pay, Google Pay and Samsung Pay available you can use your smartphone to make payments in-store or online without the need for your debit card.
You'll pay no monthly account keeping fee each month you deposit at least $2,000, or if you're under 23 years old.
Fee Free Deposit
Account keeping fee
ATM withdrawal fee
Overseas ATM withdrawal fee
|Product Name||MyState Bank Everyday Account|
|Monthly account fee||$6|
|ATM Withdrawal Fee||$0|
|Internatonal ATM Fee||$5|
|International transaction fee||3%|
|Monthly deposit required to waive account fee||$2,000|
|Contactless payments||Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay|
Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.
This account has a $6 monthly account keeping fee, which is higher than most other transaction accounts. It can be waived if you’re under 23 or if you deposit $2,000 a month (such as your salary, for example).
It comes with a Visa Debit Card which you can use to make unlimited free EFTPOS, Internet or mobile banking transactions in Australia, and you can make free ATM withdrawals at Big Four ATMs in Australia too. There is, however, a $5 withdrawal fee when using overseas ATMs as well as a 3% international transaction fee when making overseas purchases with the debit card. If you’re looking for a card to take when travelling, there’s a few cards available that waive these fees.
This account offers lots of different ways to pay, including Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay. You can also set up a PayID and receive money instantly from friends and family without needing to use your BSB and Account Number.
$0 account keeping fee if you deposit $2,000 per month
This account has a $6 monthly account maintenance fee which is waivable each month you deposit at least $2,000, or if you're under 23 years old.
Linked Visa debit card
This account comes with a linked Visa debit card that allows you to use your own money to make daily transactions in-store and online, both in Australia and internationally.
Apple, Google, Samsung Pay, Fitbit Pay and Garmin Pay available
This account supports Apple, Google, Samsung Pay, Fitbit Pay and Garmin Pay meaning you can use your eligible iOS or Android device or your smartwatch to make purchases and leave your debit card at home.
You can set up your PayID with MyState and use it to receive payments, instead of using your BSB and account number. Plus, this feature enables you to send and receive electronic money transfers practically instantly. You can read more about PayID here in our comprehensive guide.
$5 international ATM fee
A $5 fee applies when withdrawing cash from an ATM overseas, plus the ATM operator may also charge its own fee.
Make an unlimited number of free electronic transactions via EFTPOS, Internet and Phone banking as well as staff-assisted transactions.
Mobile app available
Access your account on-the-go and track your spending with MyState's mobile banking app.
How to applyYou can apply online in less than ten minutes. Before beginning your application, make sure you meet the following eligibility requirements and have the below documentation handy.
- Over 14 years old. You must be older than 14 years to apply for this account.
- Australian resident. You must be an Australian resident with an Australian address.
- Personal details. You will need to provide personal information including your full name, date of birth and contact details.
- Identification. You will need to provide either your Medicare card, your driver's licence and/or your passport so MyState can verify your identity.
- Tax file number. While it isn't mandatory to provide your TFN, MyState will be required to deduct tax from your savings at the top marginal rate without your tax file number on record.
What happens after I submit my application?
After you have completed the online application please allow up to three business days for your account to be set up. You'll then receive your Visa debit card in the mail.
You can set up Internet banking by going to your nearest MyState branch or calling the MyState customer service team.