Freedom Business Account
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.
Everyday benefits
- Pay and get paid
- Make tax time easier
- Separate personal and business transactions
- Free online legal and taxation advice
Freedom Business Account features
SMS and email alerts to keep track of your account activity
20 free over the counter deposits or withdrawals, 20 free cheque deposits or merchant envelopes monthly
Access to your funds anytime, anywhere - online, mobile, tablet, branch, ATM, cheque
Fees and interest
Monthly account keeping fee |
$10 |
| Branch transactions |
First 20 free |
Excess branch transaction fee (charged when monthly fee free allowance is exceeded) |
$1.00 |
Excess cheque withdrawal fee (charged when monthly fee free allowance is exceeded) |
$0.50 |
| Interest rate | N/A |
What you need to apply
- Your business must be registered in Australia
- Find out what information you need to provide
- Must be at least 18 years of age
The Detail
Conditions and fees apply.
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
- Business Accounts and Payment Services Terms and Conditions and General Information
- Business Accounts and Payment Services Fees and Charges and how to minimise them
- Business Account Interest rates at a glance
- Business Visa Debit Card Terms and Conditions and General Information
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
1 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 the Bank of Melbourne accepts no responsibility and are available via email only.
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.