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All you need for simple, easy-access business banking

Unlimited electronic transactions
Covers online and mobile transfers and payments, and direct debits and credits.
30 in-branch transactions a month
Covers over-the-counter transactions, including cheque deposits and withdrawals.¹
Business Visa Debit card
Separate your business purchases from personal, with a card linked to your business account.
Access anytime, anywhere
Manage and access your account online, on your mobile device, in branch, and via ATMs.²

Business management platform special offer


MYOB for a year

Pay for 1 month of MYOB Business and get a bonus 12 months, when you subscribe with your business transaction account, eligible debit or credit card to take up the offer.*
  • Connect to your bank accounts, create and send invoices, and monitor payments
  • Track income and expenses, scan and store receipts, manage GST, and lodge BAS.

Find out more

Get paid fast and securely

Cash flow supported
Bank of Melbourne business accounts use Osko, which deposits payments into your account near instantly for immediate use.³
Fast, secure payments enabled
Set up PayID to receive payments using your ABN as a unique identifier, which deters scammers.³
Online security guaranteed
We’ll repay any missing funds if your account is compromised by Internet fraud, as long as you’ve complied with our T&Cs.
Real-time security alerts delivered
Keep track of your account activity and help identify suspicious activity, with SMS and email alerts.

Important numbers⁴

  • $0 Reduced monthly account-keeping fee of $0 in the first year (reverts to $10 thereafter)^
  • $0.50 per additional cheque processed once 30 in-branch allowance is exceeded.
  • $1 per additional non-cheque transaction once 30 in-branch allowance is exceeded.
  • 15.01% p.a. Unarranged Lending Rate (ULR) is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement.

Eligibility check

  • 18 years or over (applicant plus all signatories)
  • Operating in Australia with an Australian address
  • Sole trader, partnership, company, association, self-managed super fund, trust, or not-for-profit organisation.


Who can apply online?


Open an account in minutes if you’re:

  • A sole trader or 1-director company, OR
  • Already a Bank of Melbourne business customer.


If you’re not eligible to apply online, open an account at any branch.

What to take if you’re applying in branch

For your security, we’re required to check your ID and other documents before you can open a business account. 

Unsure of your business structure? Find out using your business registration.

ID options:

  • Driver licence or passport, OR
  • Birth/citizenship certificate PLUS Medicare card or recent utility bill in your/their name.

Check out other ID options (PDF 661KB)

The Detail

Business Accounts and Payment Services Terms, Conditions, Fees and Charges (PDF 414KB)

Business Visa Debit Card Terms and Conditions and General Information (PDF 1MB)

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.

*New MYOB subscribers only. Must use their business transaction account, eligible debit or credit card to take up offer between 9am (AEDT) on 3rd October 2023 and 5pm (AEDT) on 2nd October 2024. Premium inventory, payroll and online invoice payments excluded.  T&Cs apply. (Note: you will be taken to an external MYOB website).  
^ Open a new Freedom Business Account plan between 3rd Oct 2023 and 31st July 2025 to have monthly account-keeping fees waived for the first 12 months. At the end of the 12-month period, the standard monthly account-keeping fee (currently $10) will apply. Other fees and charges, terms and conditions apply to the Freedom Business Account plan. This offer may be repeated from time to time, withdrawn, varied or extended at any time.

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. 24/7 access is subject to system availability.

3. 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.

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

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