Business bank accounts
Our most popular business bank account
$0 Monthly Account Keeping Fee for 12 months.
*Open a new Freedom Business Account by 18 Aug 2017 and get your monthly account keeping fee waived for the first 12 months. Currently saving you up to $120. Conditions apply.
- Unlimited fee-free electronic transactions1
- 20 free monthly branch deposits or withdrawals
- Business Visa Debit card at no extra cost
- Monthly account keeping fee waived for 12 months on new accounts opened before 18 Aug 2017. Standard fee applies after this time, currently $10 per month.
Access your business savings when you need it
Make the most of your business funds with full access should you need it with our business savings account.
- Earn a competitive interest rate
- 24/7 access via Internet and Phone Banking to a linked eligible Bank of Melbourne everyday account1
- No monthly account keeping fee on this account2
- No minimum monthly balance or deposit required
Ideal for businesses with high transactional needs
Complete everyday transaction bank account ideal for businesses that do lots of transactions each month.
- 55 fee-free transaction per month
- Instant access and earn interest on business funds
- Unlimited fee-free electronic transactions
- $20 monthly account keeping fee
Not sure which account you need?
More for your business
Give your business the edge with tools, information and practical business advice, including free online legal and taxation advice4.
Business bank accounts FAQs
*Open a new Freedom Business Account between 3 July to 18 Aug 2017 and have the Monthly Account Keeping Fee waived for the first 12 months. Other fees and charges, terms and conditions apply to the Freedom Business Account. The standard Monthly Account Keeping Fee applies after this time, currently $10.
Conditions and fees apply.
The information on our website is prepared without knowing your financial circumstances. Before deciding to acquire or hold a product, please read the Terms and Conditions and consider if the product is appropriate for you. The Terms and Conditions are important and we encourage you to review, save and print it. If you would like a paper copy ask at your local branch.
1 Electronic transactions are Internet and Phone Banking deposits, withdrawals and transfers, Direct Debits and Credits, St.George/BankSA/Bank of Melbourne/Westpac ATM withdrawals in Australia, St.George/BankSA/Bank of Melbourne ATM deposits and mini transaction history and EFTPOS withdrawals and Business Visa Debit Card transactions. Internet and Phone Banking and Business Banking Online are subject to systems availability, daily transaction limits apply.
2 Other fees and charges may apply, including for branch access. Fees and charges may be payable on your eligible Bank of Melbourne everyday account.
3 Following lodgement of the minimum balance requirement, the rate is guaranteed for the term of the investment, subject to terms and conditions (e.g. returns may be reduced if an amount is withdrawn before maturity).
4 You can contact lawyers and accountants nominated by Bank of Melbourne for advice at no charge. A maximum of 3 contacts can be made in relation to any one issue. After the third contact you may choose to engage the legal or accounting adviser at your cost. These services are provided by third parties for which Bank of Melbourne accepts no responsibility and are available via email only.
5 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 monthly account keeping fee/loan administration fee that will apply to your facility. All credit applications are subject to the Bank of Melbourne’s normal lending criteria.