Boost your savings automatically with Recurring Transfers

Ever catch yourself wishing saving money could just take care of itself? You’re not alone – we’ve all been there. That’s why setting up a recurring transfer is such a game change. Once it’s set, your savings grow quietly in the background, letting you make progress towards your goals with almost zero effort. It’s saving made simple.

Why Recurring Transfers can make all the difference

• Keeps you on track, even on busy days: When your savings happen in the background, it’s so much easier to avoid those little impulse spends and keep your goals in sight—without even thinking about it.
• Makes your dreams feel possible: Whether you’re picturing a getaway with loved ones, eyeing up something special, or finally building that “just in case” fund, a regular transfer helps bring those plans closer, step by step.
• Takes the pressure off: Forget the calendar alerts or mental to-do lists. Automatic transfers mean your savings just quietly do their thing, freeing you up to enjoy what matters most.

Where can Recurring Transfers come from?

You’re in the driver’s seat here—set things up however works best for you:

• From another MyState account (like your everyday Glide transaction account)
• Or from an account you have at a different bank

Whichever you pick, the setup steps may look a little different depending on your bank.

Ready to get started? Here’s how to set you your recurring transfer (from a MyState account)

1. Open your MyState mobile banking app (or hop onto internet banking if you prefer the big screen)
2. Select your transaction account and tap ‘Pay’, then choose ‘Transfer money’
3. Pop in the details of your MyState savings account (BSB, Account Number, and Name)
4. Decide how much you want to move over. Big or small, it’s all progress.
5. Look for ‘When’ or ‘Schedule’, and choose Recurring payment. This is where the magic starts.
6. Choose when you want it to begin and end, plus how often - daily, weekly, fortnightly, monthly, quarterly or yearly, whatever suits your flow.
7. Ready? Hit Confirm and that’s it – your savings are officially on autopilot.

Transferring from another bank?

If you’re setting up a recurring transfer from an account at another bank, no worries – it’s just a few quick steps on their app or internet banking. Look for options like ‘Schedule Payment’, ‘Recurring Transfer’, or maybe ‘Automatic Payment’.

Pop in your MyState savings account details - that’s your BSB, Account Number, and Name. You can easily copy these in the MyState mobile banking app using the copy icon, or find them in internet banking under the Account Info tab.

Pick how much you want to transfer and how often, and then set the date you want it to start. Confirm everything, and you’re good to go.

Not sure where to find these settings? Check your other bank’s help section or give them a call—most are more than happy to walk you through it.

Need to make changes?

Need to make a change or just want to hit pause? No problem. Simply log in, find ‘Scheduled Payments,’ and tap ‘Edit.’ You can tweak the amount, switch up how often you save, or even cancel it altogether - whatever fits your plans right now.

Tip: Just a friendly reminder - make sure there’s enough in the account you’re transferring from, so your savings plan keeps ticking along smoothly (and you dodge any pesky missed payments or fees).