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The important stuff

Complete Freedom

Everyday account to make deposits and withdrawals with a Visa debit card

  • 14+ minimum age to open account online
  • $0 Account-keeping fee
  • Access to offers and benefits on popular lifestyle brands 1
  • Access your own money with a Visa Debit Card if you are 14 years old or over and have an Australian residential address. Additionally, you can access a variety of digital wallets including Apple Pay & Google Pay
  • Fraud Moneyback Guarantee 2

Incentive Saver

A flexible account that will earn you interest on your savings

  • Up to 5.15% p.a. variable interest (1.85% p.a. variable base rate plus + 3.30% p.a. variable bonus rate)
  • $0 Account-keeping fee
  • $0 Transaction fees
  • Strong base rate

  • No limits on deposit amounts

  • Government guarantee for account balances up to $250,000

The Detail
1 All debit and credit card holders
2 Our Bank of Melbourne Fraud Money Back Guarantee ensures that customers will be reimbursed for any unauthorised transactions provided that the customer has not contributed to the loss and contacted Bank of Melbourne promptly. Refer to your card’s conditions of use for full details, including when a customer will be liable.
Rate applies when your daily account balance remains between $0 - $249,999.99 for customers aged 21 years and over: grow your account by at least $50 a month excluding interest. For customers aged under 21 years (for joint accounts, both account holders must be under 21): grow your account by $0.01 a month excluding interest. Variable bonus interest rate may differ depending on account balance. For balances $250,000+ please here.