MyState Bank Basic Account
$0 monthly fee
Ideal for customers who hold a Commonwealth Seniors Health Card, or Health Care Card or DVA Health Card or Pensioner Concession Card and have an Australian residential address.
- Overseas spending fee
- 0.03%
- Overseas ATM fee
- Not published
- Digital wallets
- Apple, Google, Samsung
Monthly fee
Features
- Debit card
- Yes
- Apple, Google or Samsung Pay
- Apple Pay, Google Pay, Samsung Pay
- PayID
- Yes
- Overdraft available
- Not listed
Who can open it
- Age to open
- 13 and over
Who it's for
- To open an account, you need to be at least 13 years old, have an Australian residential address and hold a current Commonwealth Seniors Health Card, Health Care Card, DVA Health Card or Pensioner Concession Card. If opening a joint account both customers will need to meet the above criteria.
How it compares
Against the other everyday accounts we compare. Typical means the middle half of them.
Monthly fee
None
Most accounts that say charge none.
Overseas spending fee
0.03%
Of what you spend in another currency. Typical is 3%.
Pros and cons
Pros
- No monthly fee. Keeping the account costs nothing, whatever you deposit.
- PayID. People can pay you with your phone number or email instead of a BSB and account number.
- Phone payments. Works with Apple Pay, Google Pay and Samsung Pay, so you can pay with your phone or watch.
Cons
Nothing stands out.
Similar accounts
Everyday accounts from other banks with similar fees.
- Monthly fee
- None
- Overseas spending fee
- None
- Monthly fee
- None
- Overseas spending fee
- None
- Monthly fee
- None
- Overseas spending fee
- None
