This was posted 1 year 3 months 15 days ago, and might be an out-dated deal.

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Deposit $50 into a New Bonus Saver Account and Get a $50 Bonus (First 2,500 Eligible Customers) @ MyState Bank

2020
Deposit $50 into a New Bonus Saver Account and Get a $50 Bonus (First 2,500 Eligible Customers) @ MyState Bank
Go to Deal
kickling on 29/01/2023 - 10:53 mystate.com.au (5452 clicks)
Last edited 30/01/2023 - 10:06 by 3 other users

Easy to sign up. Almost instant.

Go forth. Be Merry. Enjoy.

(I say "New Customers" but it appears you just have to "do not currently hold a Bonus Saver Account")

Screenshot here for records : https://files.ozbargain.com.au/upload/107051/101340/capture.…

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 27 January 2023 and 28 February 2023, inclusive (Promotion Period). 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. Max of 1 bonus per customer. Refer to the Bonus Saver Account Terms and Conditions for further information. Directors and employees of the MyState group (MyState Limited, MyState Bank Limited and TPT Wealth) and members of their respective families (spouse, de facto, parent, grandparent, child, stepchild, brother or sister) are not eligible for this promotion. MyState group may amend or withdraw this promotion at any time without notice.

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closed Comments

      • [Deactivated] on 03/02/2023 - 13:51

        mine took a few days after applying to be approved then more time to get the password

  • Cave Fire on 29/01/2023 - 15:07
    -3

    Syfe $50 offer or $60 referral w/ $1000 deposit (takes 3 days) still active https://www.ozbargain.com.au/node/751939

  • Zolo on 29/01/2023 - 15:09
    +1

    My $50 was received straight away when sent via ubank NPP fast payment

    • SJ50 on 29/01/2023 - 15:38

      Which account did you made a transfer? Glide or Bonus Saver?

      • Zolo on 29/01/2023 - 15:52

        I transferred directly to the bonus saver

  • Jayharley95 on 29/01/2023 - 15:27

    Easy, thanks!

  • Thrifty Dan on 29/01/2023 - 15:47
    +1

    Trouble is my drivers license: it says “Please enter your card number exactly as it appears on your license” well that’s what I’m doing…

    • tharlow on 29/01/2023 - 16:02
      +5

      Did you use the correct font?

    • Jimbuscus on 29/01/2023 - 16:10
      +1

      I am stuck at that as well, my Vic licence doesn't have a card number but it's expecting one.

      • Thrifty Dan on 29/01/2023 - 16:16
        +1

        Well I have one for SA but it doesn’t accept it. It’s ridiculous. I won’t even bother calling them. Wasted already enough time with this.

      • King Tightarse on 29/01/2023 - 16:17
        +6

        It does - a tiny number on the back printed just below the giant date of expiry

      • davis01 on 29/01/2023 - 16:18
        +2

        I thought that as well but it did on the back, towards top right and it's vertical it is tiny.

        Had to take a picture and zoom in to read it.

      • drfuzzy on 29/01/2023 - 17:33

        you should get one. they have them now.

        • Jimbuscus on 29/01/2023 - 17:44

          Do I have to pay for one, I got my current licence renewal only a year ago.

          • wangasm on 29/01/2023 - 19:48
            +1

            @Jimbuscus: My card is even older than yours and it has it, yours should too
            It looks like this https://help.tab.com.au/servlet/rtaImage?eid=ka52y0000008Rso…

            • Jimbuscus on 29/01/2023 - 19:50

              @wangasm: I had no idea that was there, I wonder why they added it on without using it until now.

              • rith on 29/01/2023 - 20:40
                +3

                @Jimbuscus: To be fair, it's hardly visible and like dj2flood, I had to take a picture and zoom in to actualy read it when I filled out an application for something else that apparently needed it. It doesn't help that mine overlaps with the big birthdate numbers making it harder to make out the tiny print.

      • tardis3 on 29/01/2023 - 22:35

        turns out "card number" is the state - I input Victoria and it was accepted

      • Frozensage on 29/01/2023 - 23:16

        finally being hacked has paid off, thanks optus.

    • fLaMePrO on 29/01/2023 - 22:04
      +1

      There's two numbers. A license number, and a card number. I didn't even know this but some online verification now requires both.

      If you're in Vic it's a number on the back starting with a letter.

  • Zapwap on 29/01/2023 - 16:16
    +1

    First 2500 customers.

    Of course

  • quick-dry on 29/01/2023 - 16:25
    +1

    looks like someone finally turned on the Osko.

    When I tried from StGeorge this morning it was denied and the account is now marked as only taking slow transfers in StGeorge's system/app.

    Just gave a it a try from ING to see if things had changed and it processed on Osko instantly and is showing up in the MyState account…. though no doubt it was the 2501st account to get 50 through

    • tharlow on 29/01/2023 - 16:50

      I would demand a recount! Something something Australian Consumer Law

    • knight321 on 29/01/2023 - 16:56

      Nup doesn’t work for me yet, trying to transfer from ING too…

  • ozvictor on 29/01/2023 - 16:30
    +5

    Just signed up but my transfer was rejected from ubank to the bonus account, said invalid account number

    • samsam29 on 29/01/2023 - 16:47
      +1

      Same! I tried to send to the glide acc but also invalid. Now my new password that I set up is also invalid and I can’t log into the app. Not a great start…

  • iWan on 29/01/2023 - 16:55

    Tried NAB and CBA to both accounts a number of times over a couple hours… No dice.

    Scheduled a CBA transfer for tomorrow but not holding my breath.

    • tharlow on 29/01/2023 - 17:16

      Kate Winslet held her breath for over 7 minutes, but I wouldn’t try it for $50

  • Sweet3st on 29/01/2023 - 17:23
    +2

    Too much hassle for (possibly) $50…

    • tharlow on 29/01/2023 - 17:35
      +20

      At least 50% of OzBargainers would crawl over broken glass with their fly’s unzipped for $1. So this is much worse…

      • iWan on 29/01/2023 - 17:46
        +1

        💕

  • Hugh G Rection on 29/01/2023 - 18:27

    this deal was posted the 29th, but it says by the 28th to open and deposit $50. it is already too late?

    • johnmelb on 29/01/2023 - 18:28
      +1

      28 February 2023
      So if you wait a month you'll realise there's no 29 of Feb and you'll be too late.

  • chrismheath on 29/01/2023 - 18:30
    +1

    Apparently have to wait a couple business days for the application to finish processing once submitted. Had no other issues along the way. Wife signed up without any problems. Anyone else stuck waiting?

  • Gavman on 29/01/2023 - 18:32
    +1

    signed up and successfuly authenticated m ID. got an email saying my account is processing but no email follow up… how long is this meant to take?

    • notabananainmypocket on 29/01/2023 - 18:43

      I signed up 20 mins ago and was approved instantly (no processing email).

      • Gavman on 29/01/2023 - 18:45

        wierd

    • ujwols on 29/01/2023 - 18:50

      same here

  • Savas on 29/01/2023 - 18:57
    +2

    Says the recipient account details are incorrect when I try to transfer money ..

    • tharlow on 29/01/2023 - 21:12
      +8

      I will PM you the correct account details

  • shortgum on 29/01/2023 - 19:09
    +1

    Your application is being processed….

    Your new account is almost ready!

  • SmokeyTheCorgi on 29/01/2023 - 19:21

    For those having issues transferring into the account due to some invalid PayID details, if your bank allows you to send to an account at a later date, select that and select 1-2 days in the future which should go through.

  • Meenas on 29/01/2023 - 19:53

    I tried transferring from my ANZ app earlier and it bounced back. Scheduled a transfer for tomorrow but tried again just now and it went straight into my saver account. Cancelled the scheduled transfer.

    • dami on 29/01/2023 - 21:54

      I tried numerous times (ING), no luck.

  • hardya on 29/01/2023 - 20:18

    Is this the old State Bank reborn?

  • Daddy Chill on 29/01/2023 - 21:11

    I'll combine this with my state bank account

  • Fastbed on 29/01/2023 - 21:45

    Not good experience at all at starting, like most people here, failed to deposit, lost confidence if still can use it in future, I did same thing to open an account in virgin money last year, very smooth process, I guess the technology in traditionally company like my state bank is not as good as new comers.

    • Jimbuscus on 30/01/2023 - 11:16

      It's just not a good bank to use compared to many other options like Up, I'm just after the $50.

  • MelBorn on 29/01/2023 - 22:12

    Do they accept an identity card instead of a license?

    • UrMumsOnlyFan on 30/01/2023 - 08:20

      Licence, passport or Medicare - need 2 out of 3.

  • Yola on 30/01/2023 - 02:45
    +2

    I have had this account for several years and it works fine. Usually, a competitive interest rate often higher than ubank, although not right now. It has OSKO and a $2,500 OSKO daily limit.

  • dinglejerry on 30/01/2023 - 08:02

    Scheduled transfer from ANZ still doesn't work today despite creating the account yesterday. Not impressive - will just close it.

    • Gavman on 30/01/2023 - 15:48

      takes a day for the account to accept money

  • Ntsh on 30/01/2023 - 08:02

    All good for me today… both OSKO from ING and scheduled transfer from ANZ

    • Everest99 on 30/01/2023 - 08:20

      Mine worked too. Have you received $50 bonus?

      • Ntsh on 30/01/2023 - 08:51

        Nope. They say after 30days?

        • [Deactivated] on 31/01/2023 - 13:40

          Their rep on the phone today said the first or second week after Feb.

  • Mugsy on 30/01/2023 - 08:27

    Super easy considering I already have a loan with them and didn't have the Bonus Saver account.

  • tardis3 on 30/01/2023 - 08:44
    +1

    After 2 failed transfers I rang My State Bank. Was advised that as I opened the account yesterday, even though it advises that the account is open, it takes 24 - 48 hours to be fully open and subsequently accept transfers. I was asked to wait and try again tomorrow

  • anh35 on 30/01/2023 - 08:51
    -1

    Osko is now working with St George but havenot received $50 bonus yet after $50 transferred successfully.

    • avoidfullprice on 30/01/2023 - 09:06

      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.

      • johnmelb on 30/01/2023 - 10:07
        +2

        within 15 days of the promotion end date.

        You forgot to highlight the last part which is probably going to be important too.
        It runs until 28 February 2023, inclusive (Promotion Period) + 15 days. So on/before 15 March.

        • avoidfullprice on 30/01/2023 - 13:23
          +3

          My bad. Not as fluent as jv with bolding

  • Ntsh on 30/01/2023 - 08:52
    +1

    Hmmm… In my account according to android app… I cant see how to make any transactions ie to transfer out..
    Anybody know? :)

    • Selka on 30/01/2023 - 10:11
      +3

      Just called up. You need to wait 48 hours after opening the account before you can transfer out. Not the best experience so far.

      They did confirm i am qualified for the $50 promotion however.

      • Ntsh on 30/01/2023 - 10:31

        Ah thanks!

  • IrrumaboRex on 30/01/2023 - 10:03

    I was a long time ING customer and decided to go with MyState back in 2021 when ING introduced their extreme conditions for getting bonus interest rates. I did not mind their lower interest rates with the view I would be supporting an Aussie bank. Boy was I wrong.
    They track all your spending like a proper commie state and the worst part was being unable to withdraw more than 10k from bonus saver without sending an email to head office for " approval ". The best part of that was you needed to give "a reason" why you wanted to withdraw your own money !! I missed out on closing a deal because I could not make immediate payment. Absolute bunch of c's to deal with. Back to ING with no ATM fee's, better rates and no hassle to withdraw any amount.

    • Mugsy on 30/01/2023 - 11:21

      If you want least hassle banking, Macquarie has none of these minimum deposit/5 monthly transactions/savings balance must increase each month requirements.

      Current interest rate 3.70% and that's for money in the everyday transaction account too, not just the savings account (though the savings account has a 4 month bonus after opening resulting in a rate of 4.5%).

      They rebate all domestic ATM withdrawals and have no international transaction fees.

      Apart from the lower ongoing interest rate, the other potential issue is lack of EFTPOS support so cannot withdraw cash at the super market, cannot get a direct Medicare reimbursement put on the card, and I think Auspost banking also isn't supported.

      • Gavman on 30/01/2023 - 15:49
        +1

        ubank better. 4.10%

        • Mugsy on 30/01/2023 - 21:50

          It is… not hard to beat 3.7%. But ubank also doesn't rebate all domestic atm withdrawals. For anyone like me who mainly has third party ATMs in the area and frequents establishments that have surcharges on credit/debit card payments, fully rebated ATM withdrawals from ANY domestic ATM is a god send.

          If one is chasing good interest rates, go Virgin Money which is 4.6%… automate a $2k deposit into then out of the Virgin account (or out then back in if that's easier) and also automate 5 bpay transactions per month (can be $1 each into the electricity bill or council rates) and that will sustain the higher interest rate. Much easier than ING.

          • Gavman on 31/01/2023 - 10:52

            @Mugsy: Its 4.30%.. 4.6% (extra 0.3) if you Provide 32 days’ advance notice to unlock your account or withdraw your money.. which IMO isnt worth doing unless those savings will never be touched for any reason usually rare as many people keep 10% in savings before paying rent or other bills which can generate interest in ubank while being able to keep those funds liquid.

  • Jimbuscus on 30/01/2023 - 11:07

    Application still being processed since yesterday.

  • didelly on 30/01/2023 - 11:55

    Initially I tried to send $50 via ING - invalid number. Tried via commbank which worked. Still no money has appeared and that was sent yesterday. I also had the same issues as those above with the licence number. I just removed the leading 0 from my drivers licence and used that as the card number and it went through!
    edit: bah I just checked commbank and it has bounced back.
    2nd edit: Just did again from ING and worked via Oska immediately. I think their accounts dont really get setup straight away upon creation. Probably has to run through some batch job

    • kickling on 30/01/2023 - 12:07

      I sent by OSKO from ING yesterday and my balance is still nil…

      • didelly on 30/01/2023 - 12:09

        I recon either wait and it'll bounce back or send another $50 and should appear if you created account yesterday. My transfer worked from ING just then!

        • kickling on 30/01/2023 - 12:13

          mmm, i might send again

  • Ggggggggg on 30/01/2023 - 12:04
    -1

    Do I need to make 5 transactions to be eligible?

  • SJ50 on 30/01/2023 - 12:24
    +4

    I transferred money to Gilded account, now I can not transfer from Gilded to Saver account.
    From Account field does not show any accounts, even Pay Anyone or BPAY does not show any of my account.

    https://ibb.co/PFMP5PN

    • timhn on 30/01/2023 - 12:56
      +1

      I think you have to wait 48hr

      • SJ50 on 30/01/2023 - 12:57

        I wan to transfer between accounts.

      • CoenJC on 01/02/2023 - 14:05

        i still cant transfer between accounts, have you had any luck?

        • Purkulator on 01/02/2023 - 18:34

          I called them about this, apparently it was not linked properly and once they do this you can then transfer. Seems like bs to me why multiple people cannot make transfers until they call them to rectify it.

    • tharlow on 30/01/2023 - 17:52

      I wonder if it comes with a Gilded debit card? Probably just plated, I guess

  • avoidfullprice on 30/01/2023 - 13:24

    MyState group may amend or withdraw this promotion at any time without notice.

    Seeing the 3000+ clicks on the link, I have a feeling this might happen.

    • Gavman on 31/01/2023 - 07:41

      Not even close to the first 2500. For every click prob 30% actually bother signing up

  • sunaus on 30/01/2023 - 15:50

    Tried, let us see if it works,

  • movieman on 30/01/2023 - 16:43

    Successfully transferred to it yesterday.

    So looks like we're good to withdraw our initial $50…

    And wait to 15 March for the bonus $50.

    Thanks OP!

  • rehangunna on 30/01/2023 - 17:01

    Really bizarre experience on set up - got my BSB/Acc No as soon as I set up the account so naturally went to transfer in $50 from my BOQ account - noted that it said OSKO not available so payment will go through in a day or two (this was on a Fri or Sat). Got impatient and tried again on Saturday, from the same funding account at BOQ, and went through immediately as an NPP credit?! Original transfer has now also gone through, so my Bonus Saver is reflecting $100, which is good. Fingers crossed the $50 bonus comes through, as I don't really plan on using their Glide account.

  • dinglejerry on 30/01/2023 - 17:47

    Do you need to keep the $50 in there once transferred to get the other $50? I had assumed could be withdrawn straight away but just checking

    • tharlow on 30/01/2023 - 17:55
      -4

      No cheques

      • dinglejerry on 30/01/2023 - 18:01
        +3

        Wow… helpful. Not.

        • tharlow on 30/01/2023 - 19:09
          -2

          Always a good assumption not to make assumptions. If you withdraw your $50, then they might think you are trying to scam them

  • cook99 on 30/01/2023 - 20:02
    +3

    Posted today on their Facebook advertising:
    We can confirm that the first 2,500 customers are yet to be reached at this point in time.

    • tharlow on 30/01/2023 - 20:06

      They might have to offer $100 to actually stir up some interest

    • Abbi on 31/01/2023 - 10:02

      Great stuff

  • kwijybo on 30/01/2023 - 23:38

    If you have a session on mobile or desktop that goes idle, it seems your password no longer works.

    Source: I just got a temporary password on the phone six hours ago and reset it so I know the damn thing.

    • tharlow on 31/01/2023 - 00:37
      +1

      As Buddha says, everything is temporary

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