Freedom Business Account
Using personal accounts to manage your business? Make your life easier with a dedicated business account.
Open a new Freedom Business Account by 31 May 2018 and get your Monthly Account Keeping Fee waived for the first 12 months*. Currently saving you up to $120. Conditions apply.
Open your Freedom Business Account online in 5 minutes^. Online account opening criteria apply.
Everyday benefits
- Pay and get paid
- Make tax time easier by separating personal and business transactions
Top features
Branch transactions
30 free in-branch transactions (includes over the counter, electronic agency, and cheque deposits and withdrawals).
Stay up to date
SMS and email alerts to keep track of your account activity2.
Access anytime
Access to your funds anytime, anywhere - online, mobile, tablet, branch, ATM and cheque1.
Fees and interest
| Fees and interest |
Amount |
|---|---|
Monthly Account Keeping Fee Monthly Account Keeping Fee waived for 12 months* on new accounts opened before 31 May 2018. Standard fee applies after this time, currently $10 per month. |
$10 |
| Branch transactions | First 30 free |
Excess branch transaction fee (charged when monthly fee free allowance is exceeded) |
$1.00 |
Excess cheque withdrawal fee (charged when monthly fee free allowance is exceeded) |
$0.50 |
| Interest rate | N/A |
Account keeping fee waived when you take out EFTPOS 1 on a Simple Pricing Plan
Freedom Business Account monthly account keeping fee waived for the first 12 months when you take out an EFTPOS 1 terminal and stay on a Simple Pricing Plan (currently saving you $120)#. Standard fee applies after this time.
Terms & conditions, fees & charges apply.
How to Apply
Your business must be registered in Australia or be acting on behalf of an Australian business.
18+ years old.
Read our useful checklist of what information you need to apply.
Other ways to apply
You can also apply over the phone or in branch
The Detail
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
- Business Accounts and Payment Services Terms and Conditions and General Information
- Business Accounts and Payment Services Fees and Charges and how to minimise them
- Business Account Interest rates at a glance
- Business Visa Debit Card Terms and Conditions and General Information
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.
BPAY® registered to BPAY Pty Ltd ABN 69 079 137 518
* Open a new Freedom Business Account between 30 April to 31 May 2018 and have the Monthly Account Keeping Fee* waived for the first 12 months. Other fees and charges, terms and conditions apply to the Freedom Business Account. The standard Monthly Account Keeping Fee applies after this time, currently $10.
1. 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.
2. SMS alerts cost 25 cents each and email alerts are free.
^ Account opening criteria applies.
# The Monthly Account Keeping Fee, currently $10 per month, for your Freedom Business account will be waived for the first 12 months while you continue to hold and settle a Merchant Facility on a Simple Pricing Plan. After the end of 12 month period, the standard Monthly Account Keeping Fee (applicable at that time) will be applied. The Freedom Business account must be in the same name as the Merchant Facility. This offer is not applicable for any other account type and for a single account per Simple Pricing Plan only. All other account fees and charges apply. Where you do not hold a Freedom Business account or cease to hold a Merchant Facility on a Simple Pricing Plan, the standard Monthly Account Fee (applicable at that time) will apply for the account. We may withdraw or vary any benefit under this offer by providing you 30 days' written (including electronic) notice. This offer may be withdrawn or varied at any time.