The Finance Algorithm
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Offset Account

Your account balance is 100% offset against a linked MyState Bank Home Loan. Monthly account fee of $8. Loaded with clever new banking tech that shows you where your money goes. Pay your way with ApplePay and Google Pay

Savings & transaction accountsBank updated 4 Mar 2026
Product page ↗Fees and pricing ↗Terms ↗

At a glance

Pricing
Rates on application
Monthly fee
$8

Fees

29 fees published, grouped by when they're charged.

While you hold it1

  • Monthly Account Fee
    $8 a month

When you make a transaction20

  • Foreign Currency Conversion

    Visa International will convert all transactions made in foreign currency or processed overseas on the Visa Debit Card into Australian dollars at the foreign exchange rate that applies on the day the…

    0.03% of transaction
  • ATM transaction

    You may be charged a fee by an ATM operator

    No fee
  • Bank Cheque
    $16
  • Bank@Post withdrawal fee

    This fee is debited on the day of the transaction and is charged in addition to any electronic transaction fee which may apply.

    $4.30
  • BPAY transaction
    No fee
  • Cash withdrawal

    Staff assisted transactions (completed by a Branch or Customer Care staff member

    No fee
  • Direct Debit
    No fee
  • EFTPOS transaction
    No fee
  • MyState Bank Corporate Cheque

    This fee applies when we draw a cheque from your account at your request. This fee is charged on the day of the transaction.

    $8
  • Pay someone using BSB & account number
    No fee
  • Pay someone using PayID
    No fee
  • PayTo transaction
    No fee
  • Repurchase of Foreign Currency Documents on a Collection Basis

    Applies when you request us to purchase overseas drafts, personal cheques or negotiable instruments over AUD$2,000 and/or requiring collection prior to payment. Fee is charged when funds are returned…

    $55
  • Repurchase of Foreign Currency Documents

    Applies when you request us to purchase overseas drafts, personal cheques or negotiable instruments up to AUD $2,000 value. Fee is charged when the foreign currency documents are repurchased.

    $10
  • Swift & Electronic Funds Transfer (Outward) within Australia

    Transfer of Australian Dollars in Australia that on receipt becomes available to the recipient via SWIFT electronic payments.

    $15
  • Swift, Telegraphic & Electronic Transfer (Inward)

    SWIFT electronic payment or inward telegraphic transfer to us from another financial institution.

    $7.50
  • Telegraphic Transfer (Inward)

    Applies when a telegraphic transfer into your account from another party sent in a foreign currency. Fee is charged at the time the transfer is received

    $7.50
  • Telegraphic Transfer Outward (Australian dollars)

    Applies when you request us to make an overseas telegraphic transfer to another party in Australian dollars. Fee is charged at the time the transfer is requested.

    $45
  • Telegraphic Transfer Outward (foreign currency)

    Applies when you request us to make a telegraphic transfer to another party in a foreign currency. Fee is charged at the time the transfer is requested

    $30
  • Transfers between your accounts
    No fee

When particular things happen7

  • BPAY Query and Correction Fee

    This fee is charged when you request a trace or a correction of a BPAY transaction.

    $15
  • Certificates Supplied

    This fee is charged when a certified letter or statement is required.

    $10
  • Overdrawn Account Interest

    Deposit accounts without overdraft arrangements must have a credit balance. We are under no obligation to honour cheques, or allow any withdrawal that would overdraw an account without an approved ov…

    0.14% of balance
  • Overdrawn Fee

    Per daily occurrence, for any savings or transaction account (with or without an pproved overdraft limit) where we honour a transaction that overdraws the account or exceeds the authorised overdraft…

    $5
  • Stop Payment

    This fee applies if we receive a request to stop a payment. It includes but not limited to direct debits, periodical payments and BPay future payments.

    $30
  • Transaction Trace Fee

    Per Transaction or Trace Search

    $15
  • Transaction Verification Fee, Copy of Sales Voucher

    Charged when we are requested to investigate a transaction or a copy of the sales voucher is requested. The fee will not be charged if we find that the transaction is incorrect

    $15

Other fees1

  • Visa Overseas Emergency Cash Advance

    Third party charge not ascertainable until event occurs

    Varies

Features

Offset accountInstant paymentsPayIDDigital bankingUnlimited transactionsApple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay.
  • Insights Hub Insights takes your everyday account activity and turns it into helpful, personalised information about the way you use your money. It's like personal financial support in your pocket -…

Eligibility and limits

  • Available to individuals
  • Can only be offset against MyState Bank home loan products as determined from time to time and only if the account and the home loan are in the name(s) of the same person(s); We will switch your offs…

Published by MyState Bank under the Consumer Data Right, last changed by them on 4 Mar 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.