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Freedom Business Account

Open a new Freedom Business Account online by 9 October 2016 and we will waive the account keeping fee for the first 12 months (saving you up to $120).

Everyday benefits

  • Pay and get paid
  • Make tax time easier
  • Separate personal and business transactions
  • Free online legal and taxation advice


  • SMS and email alerts to keep track of your account activity
  • Access to your funds anytime, anywhere: Online, mobile & tablet, Branch, ATM, Cheque

Fees and interest

Monthly account keeping fee $0 for the first 12 months*
Branch transactions First 20 free

Excess branch transaction fee

Excess cheque withdrawal fee

(charged when monthly fee free alllowance is exceeded)



Interest rate N/A

What you need to apply

The Detail

Conditions and fees apply.

The information on our website is prepared without knowing your personal financial circumstances. Before deciding to acquire or hold a product, please read the Terms and Conditions

Consider if the product is appropriate for you. The Terms and Conditions are important and we encourage you to review, save and print them. If you would like a paper copy ask at your local branch.

Open a new Freedom Business Account online between 12 September 2016 and 9 October 2016 and the monthly account keeping fee will be waived for the first 12 months. After the first 12 months the standard $10 monthly account keeping fee will be applicable. Other fees and charges may apply including transaction fees if you exceed the monthly included transaction allowance, or if special services are requested.

Excluded from this campaign is a Freedom Business Account with overdraft that has a $20 monthly account keeping fee. If you want a formal overdraft facility on your Account, you must apply for it. We will determine your application based on our normal lending criteria. A fee applies for each approved overdraft facility. Please refer to the Fees and Charges and how to minimise them booklet. If you obtain a Freedom Business Account .With Overdraft under clause 18.1 the features, fees and charges applying to your Freedom Business Account will automatically change as soon as we approve your overdraft facility application, to the features, fees and charges of the Business Cheque Account Plus. Please refer to Business Accounts and Payment Services Terms and Condition and General Information and  the Business Accounts and Payment Services Fees and Charges and how to minimise them for more details.

BPAY® registered to BPAY Pty Ltd ABN 69 079 137 518

You can contact lawyers and accountants nominated by Bank of Melbourne for advice at no charge. A maximum of 3 contacts can be made in relation to any one issue. After the third contact you may choose to engage the legal or accounting adviser at your cost. These services are provided by third parties for which the Bank of Melbourne accepts no responsibility and are available via email only.

2 Electronic transactions are Internet and Phone Banking deposits, withdrawals and transfers, Direct Debits and Credits, St.George/BankSA/Bank of Melbourne/Westpac ATM withdrawals in Australia, St.George/BankSA/Bank of Melbourne ATM deposits and mini transaction history and EFTPOS withdrawals and Business Visa Debit Card transactions. Internet and Phone Banking and Business Banking Online are subject to systems availability, daily transaction limits apply.

3 SMS alerts cost 25 cents each and email alerts are free.