Freedom Business Account
Open our most popular everyday business bank account online if you do most of your banking online and have less need to bank in branch.^
We know your time is precious
So we’ve made business banking as fast and simple as possible
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
Non-cash payment options
Make non-cash payments via services such as BPAY, Pay Anyone, OSKO, Overseas Telegraphic Transfer (OTT), Direct Debit and optional cheque book.
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
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$0 All electronic transactions2
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$1.00 Per in-branch transaction (other than cheques) after 30 fee-free allowance
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$0 30 in-branch and cheque transactions per month
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$0.50 Per cheque withdrawal after 30 fee-free allowance
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$10 Account-keeping fee
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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?
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