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Complete Freedom Account

Visa Debit Card

It’s your money. You deserve the freedom to access it when and where you want. Complete Freedom lets you enjoy free unlimited everyday banking transactions1 in branches , at Bank of Melbourne, Westpac, St.George, BankSA ATMs,EFTPOS, cheques, Bank@Post and Internet and Phone Banking


$5 flat monthly account service fee is waived if you:

  • Deposit a minimum of $2,000 by the last business day every month, or
  • Have your Bank of Melbourne home loan repayments automatically deducted from your Complete Freedom Account
  • Optional Visa Debit card4 and chequebook
  • Unlimited free Email Alerts and 10 free SMS Alerts each month to track account balances and transactions2
Apply Now

Free everyday banking1

In branches, at Bank of Melbourne / Westpac / St.George / BankSA ATMs, EFTPOS, cheques, Visa Debit, Bank@Post and Internet and Phone Banking

Account service fee

$5 monthly flat fee waived when you:

  • Deposit a minimum of $2,000 by the last business day every month, or
  • Have your Bank of Melbourne home loan repayments automatically deducted from your Complete Freedom Account.

Visa Debit Card

Shop securely with a Visa Debit card at home, online or overseas using money from your Complete Freedom Account

Extra features!

Extras include:

  • Email and SMS Alerts2
  • Automatic payments and deposits
  • Mobile banking
  • Offset and overdraft
  • Online cheque deposits and more!

Compare accounts

Complete Freedom Account fees
Monthly account service fee (waived if you deposit a minimum of $2,000 by the last business day every month or if you have your Bank of Melbourne home loan repayments automatically deducted from your Complete Freedom Account) $5.00
Transaction fees for everyday banking
Internet Banking transactions Free
Phone Banking transactions Free
Visa Debit transactions4 Free
Bank of Melbourne / St.George / BankSA / Westpac ATMs (in Australia) Free
EFTPOS Free
Electronic agency Free
Cheque Free
Staff assisted Free
Bank@PostTM Free
Other transaction fees (Free monthly withdrawal allowances do not apply to these fees)
Direct Debit Free
Periodical Payment $4.00#
Overseas Cash Withdrawal (including overseas ATM withdrawal) $5.00
Bank of Melbourne / St.George / BankSA ATM Mini transaction history request $0.20
Frequent Statement $2.00 per month
Foreign Currency conversion 3.0%
Collection item Free

# The Periodical Payment fee is payable for a transfer of funds that we make on a regular basis at your request from your Account to another specific account. The fee is charged at the time the transaction occurs.
Periodical Payments to another account held with Bank of Melbourne, St.George & BankSA are free.

Keeping track of Complete Freedom is easy!

Internet Banking View transactions online anytime with Internet Banking3
Paper Statements Posted to you every 3 months, or every 2 months if you have a Visa Debit Card
Mini transaction history Available at any Bank of Melbourne ATM
eStatements View, print and save up to 2 years of statements online when you choose eStatements
Yearly interest summary View and print your Financial Year interest summary with Internet Banking

Complete Freedom gives you easy ways to bank

Enjoy convenient access

In branch, ATMs, EFTPOS, Bank@Post, optional chequebook and Visa Debit card4, and 24/7 with Internet and Phone Banking3!

Plus 7 great extras!

  1. Automatic payments and deposits – set up automatic deposits for salary and investment income, and automatic payments for bills
  2. 10 free monthly SMS Alerts to send a message to your mobile when deposits or withdrawals happen – it’s easy! Email Alerts are always free.
  3. Overdraft facility – apply for an overdraft facility to withdraw credit up to an approved amount on your Complete Freedom Account
  4. Interest offset facility – apply to offset the balance of your Complete Freedom account against the balance of your Bank of Melbourne home loan – helps you save on interest
  5. Can be your cash hub account for DIY Super / Self Managed Super Fund (SMSF)
  6. Easy mobile banking from your phone
  7. Deposit cheques online – if you live in a rural area or prefer not to visit a branch, you can complete your deposit slip online and post your cheque to us.

Which account is best for you?

Open an account online

Open your account now, It takes just 10 minutes!

OR

Open your account anywhere, anytime via your smart phone

  • Log on to m.bankofmelbourne.com.au on your smart phone and choose "Open an account"

Call us

13 22 66 and say “New account” when prompted

Visit a branch

Find your nearest branch

What you'll need

Contact details (address, phone number, email address) and Tax File Number

Tips

  • Already a Bank of Melbourne customer? Save time and have your details pre-filled on your online application by entering your Internet Banking logon details when you apply.
  • New to Bank of Melbourne? To open a bank account in Australia, you’ll need to confirm your identification.
  • Under 18s and full time students can apply for a Complete Freedom Student with $0 fees for everyday banking.
  • Business customers can apply for Freedom Business Account.

The Detail

Conditions, fees and credit criteria apply.

Before making a decision, it’s best to read the terms and conditions.

Please read these documents and keep a copy. You can request a paper copy at a branch or by post.

The advice on our website is prepared without knowing your personal financial circumstances. Before you act on this or any advice, please consider if it’s right for you. If you need help, call 13 22 66.

1.Daily transaction limits apply.
2.Fees apply after the first 10 SMS Alerts per month. Email Alerts are free.
3.Subject to systems availability.
4.To be eligible for a Visa Debit Card, you must have an Australian residential address and be over 18 years of age.