Everyday Account + Visa Debit Card for Young Adults & Students

Complete Freedom with Visa Debit Card access

Why?
Features
Fees and charges
In detail

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Young adult or tertiary student looking for an everyday account

Bank of Melbourne Complete Freedom is a transaction account designed for day-to-day banking needs

No account-keeping fees

Every dollar counts! You won’t pay any account-keeping fee on your Complete Freedom transaction account

My Offers Hub

Access to offers and benefits on popular lifestyle brands just for being an eligible⁴ cardholder

Fraud money back guarantee

We’ll refund you 100% of any money taken from your account if you’re a victim of fraud provided you let us know right away¹

Easy access to your money

Visa Debit Card

In a store, overseas, online or on the phone – pay for what you need with your own money using a Visa Debit card (if you are 14 years and over)². If you’re heading overseas you can also use it for your travel expenses – from tickets and accommodation, to shopping worldwide anywhere Visa is accepted.

Mobile Banking

Manage your money on the go with the Bank of Melbourne mobile banking app. Not only can you check your account balance with just a swipe, you can also transfer money between accounts or to someone else, find your nearest ATM and keep tabs on your transactions.

Apple Pay

Fast, secure, contactless. Apple Pay lets you pay in-store and online with your Bank of Melbourne Visa Debit card using your favourite Apple device. Find out more

Shop through ShopBack. Get Cashback.

Link and pay with your eligible Bank of Melbourne debit card to get exclusive bonus Cashback when you shop on the new Bank of Melbourne Lounge on the ShopBack app.

Find out more Find out more

Here are some clever ways you can manage your money

Lost your card?

Lock your card in a flash with the Bank of Melbourne app

Get balance alerts

Set up alerts to let you know if your balance is low or when you’ve been paid

Need to split a bill?

Pay or get paid by anyone, anytime, securely and in real time with the Beem It app when you link your Visa Debit Card

Monitor your budget

With Spend Tracker³ you can keep tabs on where your money goes day-to-day within our banking app. It automatically categorises your transactions so you can see in an instant where your money is going

Fees and charges

$0.00 Account-keeping fee
$0.00 Cash withdrawals on major bank ATMs in Australia (Certain ATM providers may still charge a fee)
$5.00
Overseas withdrawal fee ($0 when you use our Global Alliance ATMs)
3.00% Foreign currency conversion
$15.00 Overdrawn fee
15.01% p.a. Unarranged Lending Rate (ULR) is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement.

Other fees and charges may apply. Please refer to the Terms and Conditions (PDF 627KB)

The legal stuff

Before making a decision, please read the terms and conditions and ensure you're aware of all fees and charges.

T&Cs and Fees

Internet and Mobile Banking T&Cs

Here’s how to get started

Get your ID ready and open your account online – it only takes a few minutes
Types of ID you can use

Start using your account instantly online while we get your Visa Debit card in the mail

Have a job? Ask your employer to deposit your pay straight into your account – the same goes if you’re getting an allowance

Not right? Try these.

Complete Freedom

Smart banking

All transaction accounts

All accounts

The Detail

1. Our Bank of Melbourne Fraud Money Back Guarantee ensures that customers will be reimbursed for any unauthorised transactions provided that the customer has not contributed to the loss and contacted Bank of Melbourne promptly. Refer to your card’s conditions of use for full details, including when a customer will be liable.

2. To be eligible for a Visa Debit Card, you must have an Australian residential address and be 14 years old or over.

3. The Spend Tracker tool provides general information only and does not take into account your personal circumstances. It is intended to be a guide only.

4. Refer to Terms and Conditions for more details

Read the Apple Pay Terms and Conditions (PDF 31KB) before making a decision and consider if it is right for you. To use Apple Pay you will need an eligible card and a compatible device with a supported operating system. See our Apple Pay FAQs for more information. Apple, the Apple logo, Apple Pay, Apple Watch and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.