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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

Freedom Business 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)^

Special Offer

Pay no monthly account-keeping fees for the first 12 months, when you open a new freedom business account (reverts to $10 thereafter)^

Pay for 1 month of MYOB Business and get a bonus 12 months, when you subscribe with your business transaction account, eligible debit or credit card to take up the offer.*

 

Find out more

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
*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). 

^ 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.

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