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We know your time is precious

So we’ve made business banking as fast and simple as possible

Keep control of your cash flow
Easily manage your income, outgoings, purchases and regular payments, using online and mobile banking.
Make tax time easier
Get better visibility of your finances by separating your business banking from your personal banking.
Get paid (and pay) faster
Our business bank accounts default to some of the fastest methods available for making and receiving payments.1
Feel secure with our guarantee
If an unauthorised transaction occurs on your account and any losses are not your fault, we’ll refund the full amount.

What’s included?

Unlimited electronic transactions

Limitless fee-free payments and receipts online and on your mobile.2

30 free in-branch and cheque transactions

Includes over the counter, electronic agency, and cheque deposits and withdrawals.

Business Visa Debit card

The handy way to manage your business purchases and cash withdrawals.

Access anytime, anywhere

Manage and access your accounts online, on your mobile or tablet, in branch, and via ATMs.²

Secure payments

Make and receive fast, secure payments using your mobile number as a PayID

Real-time security alerts

Keep track of your account activity and help identify suspicious activity, with SMS and email alerts.³

What about fees and interest?⁴

  • $0 All electronic transactions2
  • $1.00 Per in-branch transaction (other than cheques) after 30 fee-free allowance
  • $0 30 in-branch and cheque transactions per month
  • $0.50 Per cheque withdrawal after 30 fee-free allowance
  • $10 Account-keeping fee
  • 0% No interest is paid on balances held in a Freedom Business Account.

Am I eligible?

  • 18 years or over (applicant plus all signatories)
  • Must not be an individual using the account for predominantly personal purposes
  • Eligible entities include sole traders, partnerships, companies, associations, self-managed super funds, trusts and not-for-profit organisations
  • Operating in Australia with an Australian address.

What do I need to apply online?

Make sure you meet the eligibility requirements for a Freedom Business Account.
Make sure you have the right details to hand with the help of our checklist of what information you need to apply.
Hit the button and within 5 minutes you could have access to the time-saving features of a Bank of Melbourne Freedom Business Account.

The Detail

Business Accounts and Payment Services Terms, Conditions, Fees and Charges (PDF 1MB)

Business Visa Debit Card Terms and Conditions and General Information (PDF 2MB)

Business Account Interest rates at a glance

This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors and read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement before deciding.

^Account opening criteria applies.

1. Fast or near real-time payments are sent and received using Osko by BPAY and can be addressed to either a PayID or a BSB and account number. Near real-time payments require both the payer and payee to have Osko enabled accounts. Payments may take longer in some instances, such as where there is a technical interruption to the service, there is a payment to a first time payee or when the payment is caught for additional security screening.

2. 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.

3. SMS alerts cost 25 cents each and email alerts are free.

4. Customers must be able to meet any applicable fees and charges.

BPAY® registered to BPAY Pty Ltd ABN 69 079 137 518