Open your Freedom Business Account online in 5 minutes^.^Online account opening criteria apply.

 Freedom Business AccountBusiness Cheque Account PlusBusiness Access Saver
 Open nowOpen in branchOpen now
Business purpose   

Everyday business bank account

   

Earn interest on business funds

 

 

 

(regular access)

Accessing your money   
Internet & Phone Banking1 including from your mobile & tablet   
Branch   
ATM   
Cheque   
EFTPOS   

Business Visa Debit Card2, Freedom Card (ATM)

Pay for 1 month of MYOB Business, get 12 bonus months*
   
SMS/Email alerts   
Features   
Business Connect   
Business Hub   
Account-keeping fee (formerly known as ‘Monthly Account Service fee’)$10 (if your minimum monthly balance exceeds $100,000, fee for that month may be waived)$203$0
Minimum opening balance$0$0$1
eStatements   
Transaction fees (charged for each transaction when monthly fee-free allowance is exceeded)   
Internet & Phone Banking1FreeFreeFree
St.George/BankSA/Bank of Melbourne/Westpac ATM in Australia and EFTPOSFreeFreeN/A
Electronic AgencyFreeFreeN/A
Cheque$0.50$0.50N/A
Staff assisted, over the counter transactions including branch agencies and express deposit$1$1$3
Direct CreditFreeFreeFree
Other fees (charged for each item processed when monthly fee-free allowance is exceeded)   
Direct DebitFreeFreeN/A
Collection$0.50$0.50$1
Frequent statement fee (each month)FreeFreeFree
SMS AlertsFreeFreeFree
Interest rates (per annum)   
Balances up to $4,999.99N/A0%1.15%
$5,000 to $99,999.99N/A0%
1.15%
$100,000 to $249,999.99N/A0%1.15%

$250,000 to $499,999.99N/A0%1.15%
$500,000 to $999,999.99N/A0%1.15%
$1,000,000 to $4,999,999.99N/A0%1.15%
Balances $5,000,000 and overN/A0%1.15%
 Open nowOpen in branchOpen now
 
 
 

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 Product Disclosure Statement or Terms and Conditions:

Freedom Business Account and Business Cheque Account Plus:

Business Access Saver:

Term Deposit:

Consider if the product is appropriate for you. The Product Disclosure Statement and 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.

*New MYOB subscribers only. Must use their business transaction account, eligible debit or credit card to take up offer between 9am (AEDT) on 3rd October 2023 and 5pm (AEDT) on 8th October 2025. Premium inventory, payroll and online invoice payments excluded. T&Cs apply. (Note: you will be taken to an external MYOB website).  

1 Charges for special services may apply when using some services via Internet and Phone Banking, and Business Banking Online.

2 Available on selected business transaction accounts. Customers must be 18 years or over and have an Australian residential address.

3 This fee does not apply if you have a Commercial Overdraft or Business Maximiser Overdraft facility. Please see the Business Lending and Finance Facilities Fees and Charges for specific services and loan accounts booklet for the Account-keeping fee (formerly known as ‘Monthly Account Service fee’)/loan account fee that will apply to your facility. Credit applications are subject to Bank of Melbourne’s normal lending criteria.