Important Changes for MyState Bank Customers
Important changes for MyState Bank Customers
Effective 1 April 2020 (unless otherwise specified below), the Terms & Conditions Deposit Accounts & Electronic Banking dated 15 February 2020 are amended as follows:
Page 3, Footer in this section:
- Replace; ® Registered to BPAY Pty Ltd ABN 67 079 137 518
- With; ® Registered to BPAY Pty Ltd ABN 69 079 137 518
Page 11, Specific Terms and Conditions – Bonus Saver, Interest, the third bullet point starting with “The Bonus Interest rate can only… “.
Replace; Bonus interest is payable on balances up to $150,000. The base rate of interest will be paid on the portion of any balance exceeding $150,000.
With; Bonus interest is payable on balances up to $250,000. The base rate of interest will be paid on the portion of any balance exceeding $250,000.
Effective 1 April 2020, Financial Services Guide dated 15 February 2020 is amended as follows:
Page 3, Footer in this section:
- Replace; ® Registered to BPAY Pty Ltd ABN 67 079 137 518
- With; ® Registered to BPAY Pty Ltd ABN 69 079 137 518
Effective 1 April 2020, Terms and Conditions Cash Management Account & Electronic Banking is amended as follows:
Page 2, Footer in this section:
- Replace; ® Registered to BPAY Pty Ltd ABN 67 079 137 518
- With; ® Registered to BPAY Pty Ltd ABN 69 079 137 518
Effective 31 March 2020, the interest rates for the following overdraft products will reduce by 1.55% p.a for new and existing accounts:
- Personal unsecured overdraft, the advertised rate for new overdrafts will reduce from 15.50% p.a. to 13.95% p.a
- Business / Agribusiness overdrafts, advertised rate for new overdrafts will reduce from 8.54% p.a to 6.99% p.a
For existing overdraft customers your reduced rate will be reflected on internet and mobile banking from the 31 March 2020 and your next statement.