This was posted 1 year 6 months 17 days ago, and might be an out-dated deal.

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Get $50 for Opening a New MyState Bank Bonus Saver Account (Minimum $50 Deposit Required)

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Get $50 for Opening a New MyState Bank Bonus Saver Account (Minimum $50 Deposit Required)
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tulip99 on 11/10/2022 - 16:50 mystate.com.au (3948 clicks)
Last edited 11/10/2022 - 16:52 by 1 other user

I was looking at the MyState website as I'm a customer when this deal appeared. MyState is a Tasmanian bank. New customers only.

Deposit $50 by 29/11/22 and get a free $50 with their Bonus Saver account. First 2,500 customers. New account holders aged 18+ only, excluding existing Bonus Saver customers.

Earn bonus interest on balances up to $250,000 with $20 per month deposit and making 5 eligible transactions. I do the 1c payments at Woolies self serve using my linked Glide (MyState) debit card. $0 monthly fee and $0 Internet bank transfer fee.

Financial Bank Account Savings Account

Related Stores

MyState Bank
MyState Bank

closed Comments

  • froddo on 11/10/2022 - 16:55

    Is there any monthly fees?

    • CyberMurning on 11/10/2022 - 16:56
      +4

      Save more with $0 everyday fees
      We don't charge you for everyday use of your Bonus Saver account

      Fees for everyday use
      Monthly account keeping fee
      $0
      Internet Banking transfers
      $0

    • payless69 on 11/10/2022 - 18:38
      -1

      Not YET. But do not blame me, I did not vote for puppets!

  • CyberMurning on 11/10/2022 - 16:55
    +2

    got 3x 50 this year already so why not

    • The Delray Misfits on 11/10/2022 - 17:17
      +27

      life changing wealth right there

      • [Deactivated] on 12/10/2022 - 05:10

        It's the kind of wealth you can justify spending on pointless treats you might otherwise be reluctant to spend on, since you got it free.

  • Dr-Bargain on 11/10/2022 - 16:57
    +2

    Can you brief how to do 1c payments?

    "I do the 1c payments at Woolies self serve"

    • YadaYadaYada on 11/10/2022 - 16:59
      +4

      Just split your payment and pay 1c via credit card and pay the remainder with whatever you normally use.

    • Castcore on 11/10/2022 - 19:32
      +5

      Alternatively setup automatic monthly donations to your favourite charities for an amount you're comfortable with, let's say ~$1. You'll spend more by the end of the year but you'll be supporting your favourite charities. A little goes a long way and it's a win-win because it means you get the bonus interest.

  • tulip99 on 11/10/2022 - 17:04
    +2

    Yes, on the payment screen do Card Split Payment, then type in 0.01 to pay for your groceries, and then do it another 4 times in a row. I do this for ING and MyState each month, usually all at once. But use your linked debit card to your My State Bonus Saver account.

  • musicnut on 11/10/2022 - 17:07

    First 2,500 customers. It takes two working days to create account. Is it too late now?

    • CyberMurning on 11/10/2022 - 17:10

      takes me 12 mins or less not 2 days

    • I like freestuff on 11/10/2022 - 17:54
      +1

      Same both accounts I tried making said it will take two days to create. Must of failed some ID test somewhere. Or they got a boat load of applications from this post and their fraud system is kicking in.

      • edrift on 11/10/2022 - 20:31
        +2

        Are you an Optus customer?

  • mrcosmo on 11/10/2022 - 17:09

    It doesn't say you have to do the 5 transactions to get the $50 right

    • tulip99 on 11/10/2022 - 17:21

      I don't know. Sorry. It probably has terms and conditions in small print somewhere when you sign up.

      Since I'm already a customer I'm not eligible for it.

  • Iluvfreebies-freeDel on 11/10/2022 - 17:23
    +2

    The first 2,500 eligible customers will receive a $50 bonus from MyState that will be deposited into their Bonus Saver Account within 15 days of the promotion end date

  • Bang1 on 11/10/2022 - 17:25
    +2

    How do we know if me made the cut to be the first 2500?

    The process was easy. Took me 4 mins tops. If I get the $50, it was easy $50.

    Account already created. Im going to deposit the min $50 and 🤞 that I made the cut.

    Thanks op.

    • Xxmilker69xX on 11/10/2022 - 20:06

      Were you able to transfer, my back says invalid account number

      • Bang1 on 12/10/2022 - 20:20

        Yeah. I did it today though. I wasnt particularly in a hurry.

  • CyberMurning on 11/10/2022 - 17:28
    +8

    cant deposit from ING it says wrong a/c
    cant deposit from citibank saving a/c
    okay with macquarie but $ not arrive yet

    • txb on 11/10/2022 - 17:43
      +7

      Add Bankwest to that list

      what kind of backwards bank are we dealing with here..

    • Iluvfreebies-freeDel on 11/10/2022 - 17:57

      Same here. This banks only takes transfers from non osko banks.

      • txb on 11/10/2022 - 17:59

        Macq and HSBC are non osko

        • DrakeIsEasyListening on 11/10/2022 - 18:37
          +1

          Confirming just sent fitty via hsbc. Worked fine (still waiting 1-2 days for funds to be rec’d)

    • simplerick on 11/10/2022 - 18:08
      +3

      seems they reject OSKO payments, I had to pay via NAB desktop banking to avoid it using OSKO method. Seems like it worked, will take a day however

    • flud on 11/10/2022 - 18:36

      Commbank + Westpac failed
      HSBC went through

    • VBO on 11/10/2022 - 19:28
      +3

      if you schedule your payment it will be non osko

    • tulip99 on 11/10/2022 - 19:44
      +1

      I deposit to it from Bendigo bank every month without a problem.

    • mei mei on 11/10/2022 - 22:53

      Me too. Can not transfer money from ING to MyState bank a/c.

  • LoserScott on 11/10/2022 - 17:34
    -1

    Most banks are bobo…

    Some don't even allow foreigners to open a joint account with family unless their permanent.

    So what's a lousy 50$

  • Forenti on 11/10/2022 - 17:43
    +6

    Tried to open an account just then but got to the end and it said they couldn't verify my identification online.
    Called them as instructed and they requested me to send copies of my passport and medicare card via email to them - absolutely no way I'm doing that for a chance at $50. Ironically they have a banner on their website about the Optus data breach and how they are 'keeping your accounts safe' so rest assured everyone…

    • WhyAmICommenting on 11/10/2022 - 17:45
      +1

      My application on iOS just spun forever

      • juicyjacy on 11/10/2022 - 17:47

        Same

      • Ozymandias on 11/10/2022 - 17:51
        +1

        Same here, but on Chrome desktop.

  • blankie on 11/10/2022 - 17:45
    +1

    Well that's probably the first bank trying to apply with where it hasn't gone through actually - maybe flagging my license has done something!

    Oops - we've hit a little speedbump trying to set up your account. We're working on this and will send you a confirmation email with your account details and next steps within two business days.

    • BarginBandit on 11/10/2022 - 17:48
      +2

      Nah…got the same message, and then an instant email saying the same thing.

      Perhaps it's been Ozbargained?

    • FiDad on 11/10/2022 - 18:12

      i just got the same message

    • bohn on 16/10/2022 - 08:40
      +2

      Did your ever hear anything? I haven't and I even sent them an email asking about it.

      • blankie on 16/10/2022 - 13:36

        No, never heard anything back

    • blankie on 17/10/2022 - 23:25

      Received my debit card and pin to the card in the mail - strange as I never got a confirmation that the application went through or any other form of communication!

  • simplerick on 11/10/2022 - 17:47

    do we deposit $50 into the glide account or Bonus Saver Account?

    NAB rejected payment to the Bonus account

    • tabboy on 11/10/2022 - 18:04

      I'm pretty sure it's just the glide account. That's what I did anyway…

      • flud on 11/10/2022 - 18:14
        +3

        It’s the bonus saver

    • FeZZa21 on 11/10/2022 - 18:32

      I couldnt to either from my bank, failed and $50 bounced back each time

    • will05 on 11/10/2022 - 19:03

      try create on your glide account ( prefer email pay ID) , try 10c payment to start with (standard practice paying anyone new/3rd party account first tyime ), imho payment should land straight in seconds if pay ID done correctly

      • JHoliday on 11/10/2022 - 23:34
        +1

        Have you actually done this? I get the following "You have no accounts on which you can register a PayID."

  • Aerith-Waifu on 11/10/2022 - 18:00
    +3

    the process is bad, tried 3 different people all says asked us to call. Not worthy the trouble

    • firestint on 11/10/2022 - 18:33

      Same, ID verification didn't go through for some reason and was asked to call. No email asked in the application page or any reference number given to ID myself when calling in. Not worth it

    • tharlow on 11/10/2022 - 21:08

      Are you Jason Bourne?

  • simplerick on 11/10/2022 - 18:06
    +2

    actually bottom of website has terms (deposit $50 into the Bonus Saver Account between 10 October 2022 and 29 November 2022)

    *This promotion is available to new and existing customers who are Australian residents aged 18 years or over (as at the date of the Promotion Period), do not currently hold a Bonus Saver Account; and open a new Bonus Saver Account and deposit $50 into the Bonus Saver Account between 10 October 2022 and 29 November 2022, inclusive (Promotion Period).

    • flud on 11/10/2022 - 18:24

      Sounds like we can just deposit and withdraw, wait till December and get paid

      • simplerick on 11/10/2022 - 18:26
        +1

        I would leave the money in the account to be safe…

      • Coops1 on 11/10/2022 - 18:42
        +2

        This is why we can’t have nice things.

      • Techie4066 on 11/10/2022 - 19:15

        On the other hand, you could read the dates in the terms as the period they're running the promotion, not the period the deposit needs to be held.

  • easternculture on 11/10/2022 - 18:08

    Cheers

  • FeZZa21 on 11/10/2022 - 18:30

    I set up an account but transferring $50 from my bank into either the bonus saver or linked account failed

  • payless69 on 11/10/2022 - 18:36
    +5

    Bait with reasonable hurdles, makes Mebank with their outdated app look old.
    Still gets a 9 out of 10 by my standards but to get real this will not be sustainable in the long run.
    But huge thanks for the folks in Tassie to put up a really good fight against the big monsters.

    • Meconium on 12/10/2022 - 09:51
      +1

      I feel bad taking $50 from a Tassie bank, they need all the money they can get down there! Then again, given how long you have to hold it in there before they might decide to cough up makes it feel a bit like a term deposit with a gambling element…

      • El-Rhi on 12/10/2022 - 10:55
        +1

        You aren’t really taking money from them. Basically Visa/Cuscal will provide them an amount of money each year to attract new customers to get more people on their card network. It’s up to each bank to decide how to spend the money

      • payless69 on 12/10/2022 - 12:14
        +1

        I refilled my old account without taking the 50 bucks.
        Fell glad to support hard workers.
        For the same reason I do NEVER buy from Amazon! This cost me less than 3 coffees a year anyway! Nice feeling!

  • triplenet on 11/10/2022 - 18:39
    +1

    Use payID to send money to the glide account then do the internal transfer. it works fine to me.

    • FeZZa21 on 11/10/2022 - 18:41

      just doing the normal bsb+account# transfer should work too, but doesn't for me

    • peter on 13/10/2022 - 16:25

      I got this "You have no accounts on which you can register a PayID" - Is this because my email and mobile number are already in use as PayIDs elsewhere, or is it because it's too soon?

      • bohn on 13/10/2022 - 18:08

        Is this because my email and mobile number are already in use as PayIDs elsewhere

        not sure? if you give us access to those accounts we can tell you no problem

  • will05 on 11/10/2022 - 18:50

    only 45 comments
    I assume eligible under > 2500 ???

  • coast666 on 11/10/2022 - 18:53
    +2

    only takes 4 mins to register, not sure if it is within 2500

    • will05 on 11/10/2022 - 19:05

      oh I meant my eligibility under 2500 new cust to grab $50 he he
      yeah took me about 3-4 minutes to open too, thanks

      • Techie4066 on 11/10/2022 - 19:18

        That wasn't a reply to you specifically

  • x x on 11/10/2022 - 19:04
    +5

    Not worth it..
    We haven't been able to identify you electronically to finish opening your account. Thanks for applying for your MyState Bank Bonus Saver Account. Give us a call on 138 001 during business hours to help you open your account.

  • Shane034 on 11/10/2022 - 19:28
    +1

    Wonder if the accounts are active straight away. I set them up, but 86400 wouldn't let me send the $50 and CommBank did, but immediately returned it.

    • easternculture on 11/10/2022 - 19:51
      +1

      Its because they are not setup for osko.

      Mine got rejected initially then sent it as overnight payment

      • FeZZa21 on 12/10/2022 - 11:37

        ahh that could be it as my bank used osko too when it failed

  • Bang1 on 11/10/2022 - 19:54
    +1

    Deposit $50 by 29/11/22 and get a free $50 with their Bonus Saver account.

    Am I missing something? Why are most of you rushing to deposit the money so soon. You have till 29th Nov to deposit $50. Im guessing set and forget approach😆

    • Shane034 on 11/10/2022 - 21:11
      +4

      It's possible if the offer gets ozbargained the bank might select the 2500 from those who deposited money into their accounts? Just a thought

      • Bang1 on 11/10/2022 - 21:17
        +1

        Haha. Good point. I better get a move on. But seeing the amount of peeps having issues here I think I am pretty safe. 😄

  • BBF on 11/10/2022 - 19:58
    -5

    another crap bank that needs way too mucjh info to open a simple account AND forces sms instead of email. YUK annoyed.

    • BBF on 11/10/2022 - 20:13

      Worse than I thought. Their Website is garbage.

      Continually getting errors when trying to do anything. $50 not worth the extra pain. May never get any deposits back.

      Sorry, something went wrong.
      Click here to login again

  • edrift on 11/10/2022 - 20:44
    +2

    Couldn't open an account.
    They said they hit a speed bump and will contact me in 2 business days.

    The Optus data leak probably screwed me

    • tharlow on 11/10/2022 - 21:17

      After the hackers receive the $50 bonus, they’ll probably give you your account back. Hackers are just hard-working people trying to survive by screwing you before you screw MyState Bank. Of course, indirectly they’re still screwing MyState Bank, but they justify it by using someone else’s details and blaming you for naked greed (ironic). Looking on the bright side, you didn’t need to deposit $50

  • Dr-Bargain on 11/10/2022 - 21:37

    I deposited $50 from my bank, but the transaction is still not appearing on the MyStake account. Does anyone know how long it'll take?
    Will I lose my $50 trying to get the bonus of $50?

    • tharlow on 11/10/2022 - 22:01
      +1

      Congratulations on signing up for a new MyStake account! Now go open a MyState account and get your free money

      • Dr-Bargain on 11/10/2022 - 22:07

        Will need to see where my $50 went before signing up for MyState account

    • Tiggrrrrr on 11/10/2022 - 22:15
      -1

      You should probably have opened a MyState account.

    • CyberMurning on 11/10/2022 - 22:16

      You should go to specsaver….

  • [Deactivated] on 11/10/2022 - 22:20
    +1

    i've used them for years, sadly.

    terrible, slow "support"

    transfers take ages to appear in your account, compared to banks living in the 21st century.

    mediocre app and website (better than some, worse than others)

    i've had issues where i've been charged overdraft fees because of their shit, slow system, never had this with any other bank, before or since.

    i do not recommend mystate, most banks have mediocre apps and online portals, but the bullshit with overdraft fees because of their shit system, as well as the slow transfers, make it not worth it.

    get the $50 (if you can, looks like multiple people are already having issues with this due to mystates shitty system..) and get out.

    • Xxmilker69xX on 12/10/2022 - 03:57

      Can you send money into an account with osko? a lot of people having issues with that

  • CVonC on 12/10/2022 - 01:19
    +2

    Account set up, tried to send from my ING app to either the Bonus Saver or Glide account, it says

    Sorry
    The payment is unable to be processed due to an invalid Account number. Please check and try again.

    lol

    • camMMM on 12/10/2022 - 12:11

      Gah same. You found a fix?

  • Cave Fire on 12/10/2022 - 04:20

    Double check your passwords. No "show password". Also attempted to change in the website and it logged me out?

  • El-Rhi on 12/10/2022 - 07:02

    Do people just close the account once they get the $50? Or just leave it open?

    • bohn on 12/10/2022 - 10:15

      if there is an online option to close the account I will usually do that.
      I won't call to close it.

  • bohn on 12/10/2022 - 10:22

    hmm the portal only shows the Glide account, not the Bonus Saver.

    • timhn on 12/10/2022 - 14:13

      Change that in the setting.

      • bohn on 13/10/2022 - 08:14

        am I blind and can't see it? ;)

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