Notice to Customers – Changes to MyState Cheque Facility Terms & Conditions
MyState has updated its Cheque Facility Terms & Conditions dated 1 December 2018, effective 1 October 2023, which is available from mystate.com.au.
Amendments
On page 3, Contents, we have added:
Inactive cheque book facility
Cancelling your cheque book facility
On page 4, Introduction, we have replaced;
MyState Bank offers a Cheque Facility on certain products to access your money
with:
From 1 October 2023 new MyState Bank Cheque Facilities are no longer offered. If a cheque book was not issued to your account before 1 October 2023, cheque access to that account will not be available.
On page 4, 1. About a cheque facility, we have removed;
You can apply for a cheque facility to be linked to an eligible account type.
and replaced;
Any cheque book given to you remains the property of us and must be returned if the account is closed or if we request it. We may cancel your cheque book at any time
with:
Any cheque book given to you remains the property of us and when a cheque book facility is cancelled either by you or us, you must securely destroy any remaining cheques. We may cancel your cheque book at any time, refer to section 8.
On page 5 we have added the following sections;
7. Inactive Cheque book facility
A cheque book facility is considered inactive if after 6 months a cheque written by you has not been presented for payment.
8. Cancelling your cheque book facility
You may cancel your cheque book facility at any time upon request. If your account is joint, and is single or either to sign we will take instruction from one of you. To cancel a cheque book facility please contact us.
We may cancel your cheque book facility. If we cancel your cheque book facility we will provide you with a minimum of 30 days notice prior to this occurring, unless we believe use of your cheque book facility may cause you or us loss.
When a cheque book facility is cancelled either by you or us, you must securely destroy any remaining cheques.
You are liable for transactions on your account after the cheque book facility is cancelled.
We may dishonour any cheques we have been asked to pay after the cheque book facility has been cancelled by either you or us.
