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Summary

Before you get started, here’s a quick recap of what you’re applying for:

 

 

Who can apply online?

 

 

  • 18+ years old (applicant plus all signatories)
  • Operating in Australia with an Australian address
  • Needs an eligible Bank of Melbourne business transaction account to link to. We will open one if you don't already have an eligible transaction account

Business Access Saver

  • A savings account where your deposited funds can grow, or be separated from other accounts
  • Earn interest on balances, paid monthly
  • Access to your funds at any time through Internet and Phone Banking

  • $0 monthly account-keeping fee

     
+

Freedom Business Account (if you don't already have an eligible transaction account)

  • A transaction account to receive, deposit and withdraw funds, and make payments
  • Unlimited electronic transactions
  • 30 staff-assisted and cheque transactions per month
  • A Business Visa Debit Card
  • Ability to link an overdraft facility.¹

  • Reduced monthly account-keeping fee of $0 in the first year (reverts to $10 thereafter)^

     

Are you already a Bank of Melbourne customer?

 

How is your business structured?

Next steps

Internet banking

Log on to Internet Banking, select Products, tools & calculators

Choose product

Select Business Bank accounts and choose Business Access Saver

What to have handy

Your ABN and foreign tax residency details (if applicable). You can look your ABN up on the Australian Business Register website.

Ready to get started?

Yes, continue


No, I want to look at something else

Complete your application in branch

For your business structure, we'll need you and your directors/signatories to visit a branch to open your account. Make sure you bring:

Please make sure you bring:

  • Your company details. This includes your ACN, company name, business incorporation details and your foreign tax residency details (if applicable).
  • Suitable forms of ID per signatory. Each signatory acting on the account will need to be verified separately.

You can use our identification checklist to work out which documents you'll need for your business situation.

 

Find a branch

Complete your application in branch

For your business structure, we'll need you and your directors/signatories to visit a branch to open your account. Make sure you bring:

Please make sure you bring:

  • Your company details. This includes your ACN, company name, business incorporation details and your foreign tax residency details (if applicable).
  • Suitable forms of ID per signatory. Each signatory acting on the account will need to be verified separately.

You can use our identification checklist to work out which documents you'll need for your business situation.

 

Find a branch
The Detail

1. Optional overdrafts are subject to credit approval, eligibility criteria and fees.
 

^ Open a new Freedom Business Account plan between 3rd Oct 2023 and 31st July 2025 to have monthly account-keeping fees waived for the first 12 months. At the end of the 12-month period, the standard monthly account-keeping fee (currently $10) will apply. Other fees and charges, terms and conditions apply to the Freedom Business Account plan. This offer may be repeated from time to time, withdrawn, varied or extended at any time.