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Freedom Business Account

Open your Freedom Business Account online in 5 minutes^^Online account opening criteria apply.

Using personal accounts to manage your business? Make your life easier with a dedicated business account.
Essential everyday transaction bank account with the flexibility and freedom your business needs. Ideal for starting a new business.


Did you open a Freedom Business Account between 1 February and 28 February 2019?


Everyday benefits

  • Pay and get paid
  • Make tax time easier by separating personal and business transactions


Top features


Branch transactions

30 free in-branch transactions (includes over the counter, electronic agency, and cheque deposits and withdrawals).

Stay up to date

SMS and email alerts to keep track of your account activity2.

Access anytime

Access to your funds anytime, anywhere - online, mobile, tablet, branch, ATM and cheque1.


Fees and interest


Fees and interest
Monthly Account Keeping Fee $10
Branch transactions First 30 free

Excess branch transaction fee

(charged when monthly fee free allowance is exceeded)


Excess cheque withdrawal fee

(charged when monthly fee free allowance is exceeded)


Interest rate N/A


How to Apply

Your business must be registered in Australia or be acting on behalf of an Australian business.

18+ years old.

Read our useful checklist of what information you need to apply.

Open your account online in as little as 5 minutes^



Other ways to apply

You can also apply over the phone or in branch

The Detail

The information on our website is prepared without knowing your personal financial circumstances. Before deciding to acquire or hold a product, please read the Terms and Conditions

Consider if the product is appropriate for you. The Terms and Conditions are important and we encourage you to review, save and print them. If you would like a paper copy ask at your local branch.

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

Conditions and fees apply.

^Account opening criteria applies.

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

# The Monthly Account Keeping Fee, currently $10 per month, for your Freedom Business account will be waived for the first 12 months while you continue to hold and settle a Merchant Facility on a Simple Pricing Plan. After the end of 12 month period, the standard Monthly Account Keeping Fee (applicable at that time) will be applied. The Freedom Business account must be in the same name as the Merchant Facility. This offer is not applicable for any other account type and for a single account per Simple Pricing Plan only. All other account fees and charges apply. Where you do not hold a Freedom Business account or cease to hold a Merchant Facility on a Simple Pricing Plan, the standard Monthly Account Fee (applicable at that time) will apply for the account. We may withdraw or vary any benefit under this offer by providing you 30 days' written (including electronic) notice. This offer may be withdrawn or varied at any time.

*To be eligible for this offer, customers need to open a Freedom Business Account between 1 February 2019 and 28 February 2019 (inclusive) (“Offer Period”) and complete a minimum of 5 Visa Debit Card Transactions and deposit $1,000 into the account within 60 days of opening the account (“Eligibility Period”). Eligible customers will receive $100 deposited into their account within 60 days of the end of the Eligibility Period. (“Offer”). The Offer is limited to one $100 deposit per eligible customer, except (a) in the case of opening a joint account if any one of the joint account holders becomes an eligible customer for a separate Freedom Business Account opened during the Offer Period, no $100 deposit will be paid to any of the joint accounts holders in respect of the relevant joint account; or (b) in the case of opening a joint account where the account holders of a joint account all become eligible customers for the relevant joint account, and none are excluded as a result of one of the joint account holders becoming an eligible customer for a separate Freedom Business Account opened during the Offer Period, only one $100 deposit will be made to the relevant joint account and not to each individual customer who is an account holder of the relevant joint account. The Offer excludes any Freedom Business Accounts opened during the Offer Period where any one or more of the customers who are account holders of that Freedom Business Account were account holders of a Freedom Business Account (either individually or jointly) opened with any of BankSA, St.George Bank or Bank of Melbourne at any time before and including 31 January 2019. The Offer is not available with any other offer. The Offer may be repeated from time to time, withdrawn, varied or extended at any time. Bank of Melbourne - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.