Get $50 for Opening a New MyState Bank Bonus Saver Account (Minimum $50 Deposit Required)

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Get $50 for Opening a New MyState Bank Bonus Saver Account (Minimum $50 Deposit Required)

tulip99 on 11/10/2022 - 16:50 mystate.com.au (3959 clicks)
Last edited 11/10/2022 - 16:52 by 1 other user

I was looking at the MyState website as I'm a customer when this deal appeared. MyState is a Tasmanian bank. New customers only.

Deposit $50 by 29/11/22 and get a free $50 with their Bonus Saver account. First 2,500 customers. New account holders aged 18+ only, excluding existing Bonus Saver customers.

Earn bonus interest on balances up to $250,000 with $20 per month deposit and making 5 eligible transactions. I do the 1c payments at Woolies self serve using my linked Glide (MyState) debit card. $0 monthly fee and $0 Internet bank transfer fee.

Financial Bank Account Savings Account

18 Nov 2022 3:26pm

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MyState Bank

closed Comments

- - - bohn on 13/10/2022 - 11:36
      
      it only just appeared today (without me doing anything)
CyberMurning on 12/10/2022 - 10:25

YES my transfer from Macq bank yesterday, arrived this morning at myState.

but weird i dont see any way to transfer $ out from its android app
probably a trap. lol
- simplerick on 12/10/2022 - 11:24
  
  +1
  
  Yeah you're right there mate. I logged into desktop banking on the computer and when you go to Pay Anyone, the dropdown box for 'From' account does not allow you to choose any account ie. the Glide Account or Bonus Saver Account
  
  So how do you transfer funds out from the account to your other bank account lol? Maybe the transfer out feature is locked until you ID with them over phone or something.
  
  Had something similar with another bank as it can happen if you are not living in the same State as the Bank. Makes sense as these guys are in Tassie :)
  
  I figured when my card arrives and bonus arrives, I will simply top up my Revolut account with $100 :D
  - adrianehm on 12/10/2022 - 12:30
    
    +10
    
    I just called them. Apparently new accounts need 48hours to become active. Then you will be able to transfer between your accounts and pay anyone.
    - Paul B on 12/10/2022 - 17:53
      
      Yeah my transfer worked today
      - adrianehm on 12/10/2022 - 18:33
        
        @Paul B: Yup mine works now too. I've already transferred my $50 back out ;p
        
        CyberMurning on 12/10/2022 - 18:36
        
        @adrianehm: then you wont get anything - infact they will want you to surrender $500
        
        /kidding
      - Iluvfreebies on 13/10/2022 - 08:06
        
        @Paul B: Still not working for me.
Moo Deng on 12/10/2022 - 13:19

+1

Just confirming you can deposit straight into the Bonus Saver and don't need to go from Glide -> Bonus Saver to be eligible for this bonus?
- timhn on 12/10/2022 - 14:14
  
  This promotion is available to new and existing customers who are Australian residents aged 18 years or over (as at the date of the Promotion Period), do not currently hold a Bonus Saver Account; and open a new Bonus Saver Account and deposit $50 into the Bonus Saver Account between 10 October 2022 and 29 November 2022, inclusive (Promotion Period). The first 2,500 eligible customers will receive a $50 bonus from MyState that will be deposited into their Bonus Saver Account within 15 days of the promotion end date. Max of 1 bonus per customer
  - CyberMurning on 12/10/2022 - 14:18
    
    +1
    
    ok so now the waiting game begin.
    set reminder to 15 Dec to check
- simplerick on 12/10/2022 - 15:39
  
  +2
  
  Eligible deposits to Bonus Saver account include: Transfers between your accounts, direct credits, NPP transactions, cash deposits, SWIFT payments and Telegraphic Transfers (TT).
- Dr-Bargain on 12/10/2022 - 16:28
  
  The $50 I deposited last night still hasn't reached the Bonus Saver account. No idea about how long it'll take
  - [Deactivated] on 12/10/2022 - 16:49
    
    My $50 is there now. I used regular transfer, not OSKO.
    - Dr-Bargain on 13/10/2022 - 09:35
      
      Finally, I got my deposit landed in the account this morning. now we wait I guess
timhn on 12/10/2022 - 14:10

Opened the account last night then setup a schedule with 5c deposit for today from NAB. Found the money was transferred around lunch time.

So don't do a fast payment/Osko from your bank but set up a schedule in future (ie next day).
- Paul B on 12/10/2022 - 17:56
  
  Osko worked with no problem now, it just takes some time to be created/synced (opened account yesterday)
triplenet on 12/10/2022 - 19:46

their interest rate is increased to 3.6% as well for Bonus Save Account, same as UBank.
mei mei on 12/10/2022 - 20:18

Don’t worry. Up to now, not reach 2500 New customer yet.
- CyberMurning on 12/10/2022 - 20:27
  
  How do you know that
  - easternculture on 12/10/2022 - 22:18
    
    -2
    
    Not know how this
mei mei on 12/10/2022 - 20:33

+4

I rang the call centre this afternoon, the reception told me: didn’t get 2,500 new customer yet.
bobwokeup on 12/10/2022 - 22:48

+3

Did anyone else get “We haven't been able to identify you electronically to finish opening your account.”? I’ve never had an ID issue before.
- seug123 on 24/10/2022 - 01:40
  
  Optus
Shane034 on 13/10/2022 - 05:28

Osko worked for me on Wednesday.
Dr-Bargain on 13/10/2022 - 09:38

for anyone having issues with depositing from their regular bank accounts.
I tried with commbank and NAB. They both cannot transfer money to this mystate account. Then I transferred $50 to my up bank account and then transfer to the mystate. I selected the slow option when transferring. It took 1 day to land my $50 into the mystate account.
impoze on 13/10/2022 - 11:41

+2

there was an OSKO outage, not sure if it's related to all of the slow transfers

https://www.abc.net.au/news/2022-10-13/rba-osko-failure-dela…
camMMM on 13/10/2022 - 11:48

Just transferred from ING via osko. Works now.
baron33 on 13/10/2022 - 13:00

do we have to keep the $50 in the account until bonus arrives?
Meovel on 13/10/2022 - 17:45

It looks like the $50 deposit can be transferred out immediately?
- timhn on 13/10/2022 - 18:16
  
  How? I couldn't find anyway to send out money.
  - Meovel on 13/10/2022 - 18:36
    
    There's Transfer & Pay option on online portal
    - timhn on 13/10/2022 - 19:35
      
      What? Cant do that in app?
      - timhn on 13/10/2022 - 21:56
        
        @timhn: Just login and found there is a Pay button showing. So they only enable this 48hrs after the account is opened.
izkai67 on 13/10/2022 - 20:28

+3

you never know, you re new customer number 2501. I don't like this type promotion
whey4000 on 14/10/2022 - 22:53

+1

Do you receive a visa/mastercard with the transaction account?
- Paul B on 15/10/2022 - 10:38
  
  There is a card number shown in the app but waiting for delivery.
  - timhn on 18/10/2022 - 08:29
    
    Hrm, the card is ACTIVE. I haven't received the card yet and i don't recall i activate it.
    - Paul B on 18/10/2022 - 09:35
      
      Recieved card and PIN yesterday
- CyberMurning on 15/10/2022 - 11:10
  
  Got letter with visa card pin number yesterday.
  The card will follow later
Techie4066 on 19/10/2022 - 12:58

+3

Called this morning, they've reached just over half of the sign-up cap, and I confirmed it's the first 2,500 to sign up (not first to deposit $50).
- bohn on 19/10/2022 - 13:55
  
  that's good to know.
  my account still isn't set up, I got the "Oops - we've hit a little speedbump trying to set up your account. We're working on this and will send you a confirmation email with your account details and next steps within two business days." That was on Oct 11.
  
  I've since emailed them at info@ with no response. And now to complaint@ and no response.
  
  Useless turds.
  - Techie4066 on 19/10/2022 - 13:56
    
    +1
    
    Try phoning. It was a one minute wait and they were really friendly.
    - kuwahshi on 19/10/2022 - 15:08
      
      I had the same error on the 11th. I just called and they told me there's a backlog of people signing up and I'd have to just wait..
      
      Did they process yours in the spot?
      - bohn on 19/10/2022 - 15:18
        
        @kuwahshi:
        
        I had the same error on the 11th.
        
        I signed up and got that error. But my wife signs up 5mins later and gets auto-approved.
      - Techie4066 on 19/10/2022 - 15:25
        
        @kuwahshi: Mine went through online without a problem.
Dr-Bargain on 19/10/2022 - 23:44

Anyone knows how long they will take to issue the $50?
- Reveen on 20/10/2022 - 00:35
  
  *This promotion is available to new and existing customers who are Australian residents aged 18 years or over (as at the date of the Promotion Period), do not currently hold a Bonus Saver Account; and open a new Bonus Saver Account and deposit $50 into the Bonus Saver Account between 10 October 2022 and 29 November 2022, inclusive (Promotion Period). The first 2,500 eligible customers will receive a $50 bonus from MyState that will be deposited into their Bonus Saver Account within 15 days of the promotion end date. Max of 1 bonus per customer.
  - Churna on 24/10/2022 - 18:05
    
    so we should all be rich by Dec 15
CVonC on 20/10/2022 - 22:10

Can we transfer out the $50 deposit already?
- timhn on 24/10/2022 - 18:40
  
  I dont see any issue with that since there is no condition to keep in any account.
[Deactivated] on 25/10/2022 - 14:39

I just got an email that reads:

"We're very excited you’ve made the decision to refresh your finances and start a clean slate with a new Bonus Saver account. Transferring $50 to get a $50* reward is a great start but the rewards of this account are on-going."

So presumably that means I will get my $50 in Dec.
- Churna on 26/10/2022 - 12:41
  
  Dec 15 by looking at the T&C
  - CyberMurning on 26/10/2022 - 12:42
    
    +2
    
    I have setup ozb reminder for 15th dec. Maybe 16 is better
    - Churna on 26/10/2022 - 13:07
      
      +1
      
      Didn't know that feature existed, nice will do this aswell
      - CyberMurning on 26/10/2022 - 13:24
        
        +2
        
        @Churna: Yeah because from now people will start posting "anyone got their 50?" Like every single day
nmcc08 on 04/11/2022 - 21:02

My account is finally up and running. $50 bonus still available too.
So Was Red on 05/11/2022 - 10:23

Cool, more mail being sent to my previous address…
Have changed it everywhere officially and applied the change of address sticker to license so it feels bad and dodgy to be forced to use a false address on something financial just to pass auto ID verification :/
$50 though! Thanks OP
Iluvfreebies on 09/12/2022 - 09:36

+1

Got an email today.

Congratulations to the 2,500 people who decided to start a clean slate with MyState by opening a new Bonus Saver account over the last few weeks.

You deposited your $50+ and you'll get $50 from us very soon. We're so excited you made the decision to refresh your finances and start a clean slate with a new Bonus Saver account.
DeltaOscar on 09/12/2022 - 09:40

Just received an email today saying I will be getting the $50 :-) hasn’t been deposited yet but hopefully soon
FireStallion on 09/12/2022 - 10:39

I got the email, too. But not the $50 yet.
impoze on 09/12/2022 - 10:56

yep, got the email. and it says $50 will come ' very soon'

You deposited your $50+ and you'll get $50 from us very soon.
nmcc08 on 09/12/2022 - 11:33

+1

I didn't receive the email but I've got $50 siting in my bonus account this morning 👍
- Moo Deng on 09/12/2022 - 11:47
  
  Wohoo, just checked and got mine too.
  
  What's the easiest way to close this account? Can be done in the app?
  - Techie4066 on 10/12/2022 - 21:52
    
    +1
    
    For those wondering
tabboy on 09/12/2022 - 12:21

I got the $50 in my Bonus account but I can't transfer it out to the glide account or any external account… Anyone else have this issue??
- Techie4066 on 10/12/2022 - 21:54
  
  +2
  
  Under transfers, you need to first move the balance from Bonus Saver > Glide, then change the selection (in green) to "Pay Anyone" then "A New Contact".
  My PayID transfer was instant.
- truetypezk on 17/12/2022 - 17:10
  
  I have a similar issue on one of my (family) accounts. You need to call to get it sorted out.
Churna on 09/12/2022 - 12:31

Money received and transferred out
- tabboy on 09/12/2022 - 12:51
  
  How did you transfer it out of the bonus saver account? I don't have that option…
  - PingPongPikachu on 09/12/2022 - 15:19
    
    +1
    
    In the app, there is a pay button when you click into the savings account. Got the email, checked now and deposited out.
    - tabboy on 09/12/2022 - 15:40
      
      Thanks! Their desktop version isn't working I'll try the app.
    - tabboy on 09/12/2022 - 15:43
      
      Man, even with the app I can't get the money out of the bonus saver account…
      - deywar on 09/12/2022 - 16:02
        
        +1
        
        @tabboy: Transfer to your MyState Glide account and then you can transfer out
impoze on 09/12/2022 - 16:16

nice, received and transferred out.

now how do I close this thing
- CVonC on 09/12/2022 - 21:51
  
  +2
  
  now how do I close this thing
  
  I sent them a message via the app. Will update once they reply.
  - timhn on 14/12/2022 - 05:17
    
    Any update?
    - CVonC on 14/12/2022 - 17:18
      
      +1
      
      Nope! Ffs might have to call them
  - bobwokeup on 14/12/2022 - 12:47
    
    Cheers, I thought legally they had to provide an option to close your account online?
    - Moo Deng on 14/12/2022 - 13:36
      
      For credit cards only maybe?
      - bobwokeup on 14/12/2022 - 13:48
        
        @Moo Deng: Yeah good point it could be.
- CVonC on 15/12/2022 - 22:27
  
  Finally got a reply
  
  Here's the main part:
  
  However, prior to closing this account for you we need to accept the following.
  By closing this account you can confirm that you made arrangements to cancel or redirect all direct credit instructions with third parties. Is this correct?
  
  Once this has been accepted, we can close your account.
  - CVonC on 18/12/2022 - 04:23
    
    So I think my account is closed now. I can't log into the app anymore. Never received a confirmation email of the closure either.
    - timhn on 18/12/2022 - 10:51
      
      +1
      
      No "Sorry to see you go" email? How rude !!!!
ilovefullprice on 09/12/2022 - 16:30

+1

I received an interest earned payment back on 1st Nov but didn’t receive any on 1st Dec.

Anyone the same?
- Techie4066 on 10/12/2022 - 21:52
  
  same here, we didn't fulfil the bonus criteria :)
  - ilovefullprice on 10/12/2022 - 22:21
    
    But isn’t this just the interest earned, so nothing to do with the bonus?
    - Techie4066 on 10/12/2022 - 22:35
      
      yep in the banking world they use "bonus interest" to distinguish the base rate from what's earned by completing optional criteria
      - ilovefullprice on 10/12/2022 - 22:45
        
        @Techie4066: What? Can you rephrase? It must be a Saturday for me.
        
        Techie4066 on 10/12/2022 - 23:30
        
        +1
        
        @ilovefullprice: just disregard. your $50 bonus is fine. the bonus interest needs to be activated and would only be a few cents on the $50 anyway.
        
        Earn bonus interest on balances up to $250,000 with $20 per month deposit and making 5 eligible transactions.
        
        Yes it's Saturday lol
        
        ilovefullprice on 10/12/2022 - 23:50
        
        @Techie4066: Thanks!
        
        Strange I didn’t make any eligible transactions in Nov but still received the interest.
        
        Techie4066 on 10/12/2022 - 23:51
        
        +2
        
        @ilovefullprice: account openings often include the first month's bonus
        
        ilovefullprice on 10/12/2022 - 23:58
        
        @Techie4066: Ah ok thanks!
rzg on 09/12/2022 - 16:56

Received!
- CyberMurning on 09/12/2022 - 17:54
  
  same!
  - kehuehue on 13/12/2022 - 12:13
    
    same, now waiting for IMB lol
So Was Red on 10/12/2022 - 07:31

+2

Received, emptied. Thanks OP!
I wonder how many of the 2,500 are from OzBArgain
- CyberMurning on 13/12/2022 - 13:59
  
  +1
  
  2499
camMMM on 13/12/2022 - 22:34

+1

Has to be one of the worst apps and even worse on mobile browser. Can't figure out how to transfer out. I've transferred it to the Glide account but not giving me an option to transfer out. Gah
rokufan on 15/12/2022 - 01:17

Bonus received 9 Dec. Thanks OP!

Now waiting for the IMB $50 bonus. lol

This was posted 2 years 2 months 23 days ago, and might be an out-dated deal.

Get $50 for Opening a New MyState Bank Bonus Saver Account (Minimum $50 Deposit Required)

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