Know your fee-free ATMs
MyState's ATM network - rediATM, has joined forces with nab and other financial institutions to create Australia’s second largest ATM network.
MyState customers can now withdraw cash at over 3,500 rediATMs without incurring any direct charges. Look out for rediATMs or any nab ATMs displaying the rediATM logo.
Select ‘credit’ when using your MyState Visa Debit card
When paying for purchases with your Visa Debit card, select ‘credit’ as your payment option. Credit transaction are not charged a fee by MyState and do not count towards your monthly allowable transaction count.
Carry your card
Paying with Visa Debit is also a great way to withdraw cash at the same time, fee-free! When you are making a purchase it’s the ideal time to take a little extra out for those cash-only occasions, and will save you from running to an expensive ATM when all you need is $2 for parking.
Pay bills by phone or on the internet
When you’ve got internet banking, you’d be amazed at how quick and easy paying bills can suddenly become. This is a great way to avoid fees because transactions conducted on the phone or online are free. To set up internet and phone banking, drop into your nearest MyState Branch.
Avoid making small, frequent withdrawals
Make a conscious effort to remain within your monthly free withdrawal limit and think ahead when withdrawing at the ATM.
Cash advances cost you
Try to avoid Visa Debit Card cash advances through banks and Australia Post as they attract a much higher fee.
Less equals more
Consolidating multiple accounts can help avoid unnecessary transfers and withdrawals which may attract fees.
Make your regular transaction automatic with a ‘pay-split’
If you need multiple accounts, try to have your salary payments split into multiple accounts instead of using up transactions by transferring from your main account.
Take out a home loan with MyState, or move from another financial institution.
Having a home loan with us will increase your combined balances and should reduce the fees you pay.
More information.
For more information on minimising fees, visit a MyState Branch and speak with one of our Lending and Insurance Sepcialists, or call us on 138 001.