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Why an Offset Account?

To open an Offset Account you need to have an eligible MyState Bank Home Loan. Your account balance is 100% offset against your linked Home Loan before the interest is calculated. So you pay less. The interest you save with an Offset Account can be huge over the life of the loan, and you can help shorten your loan term by years.

Monthly account fee of $8
Spend smarter

Loaded with clever new banking tech that shows you where your money goes

Pay your way

With ApplePay, Google Pay™, Samsung Pay and more

No ATM fees

When using one of 10,000 major bank ATMs in Australia

Learn more about your money just by logging in

Your new Offset Transaction Account now comes with ultra-smart spending tech, so you can access personalised insights about the way you spend in the same place you check your account balance.

  • Spend categorisation & monthly cashflow summaries
  • Direct debit and bill payment reminders
  • Low balance notifications when balance may not cover expected spending
Learn more

Join 93,898+ of our customers who've changed the way they bank

Earn up to 1.20% p.a. variable interest

Pair your Offset Account with a Bonus Saver Account and earn up to 1.20% pa variable interest on balances up to $250,000 to really boost your savings. Here's how:

Everyday spending just became everyday saving

Activate Auto-Savings on your Offset Account, and you can choose to automatically move money across to your savings when you’ve got a little extra to squirrel away. It’s like putting your savings on autopilot, so you can sit back, relax and watch your bank balance grow.

What fees are associated with a Offset Account?

Fees for everyday use
Monthly account fee$8
ATM withdrawalsA fee may be charged by the operator of the ATM$0
BPAY transactions$0
Direct Debit transactions$0
EFTPOS transactions$0
Internet Banking transfers$0
Other fees
Cash advance$0
Deposits via Bank@Post™$0
Withdrawals via Bank@Post™$3
Foreign currency conversionPercentage of the transaction amount3%
Overdrawn accounts & rejected transactions$15
Rejected transfers to external accounts$16.50

Other fees and charges may apply. For more detailed information about the Everyday Transaction Account please see terms and conditions.

Pay it your way

ApplePay, Samsung Pay, Google Pay™, - you name it, the Everyday Transaction Account has it. Plus, you can send and receive money in less than 60 seconds with Osko and PayID, giving you super-fast payment options at home and on the go.

Offset Account
Offset Account
Offset Account
Offset Account
Offset Account

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