Everyday accounts

Everyday Account + Visa Debit Card for Young Adults & Students

You could get $50 cashback with our no-account-keeping fee, feature-packed Complete Freedom account. Read on to find out more.

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Get $50 when you bank and save together

Open both accounts

Open a Complete Freedom everyday account and an eligible savings account. Accounts must be in the same name.
 

For new account holders who’ve not held a Complete Freedom account or savings account in the past 2 years.

Deposit at least $50
Deposit $50 or more into your Complete Freedom account within 10 days of opening your accounts.
Get $50 back

Once you meet the criteria, we'll add $50 into your savings account. Offer ends 20 April 2026.
 

New customers only. T&Cs apply*
 

See all FAQs

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Easy access to your money

Visa Debit Card 

In a store, overseas, online or on the phone – pay for what you need with your own money using a Visa Debit card (if you are 14 years and over)2. If you’re heading overseas you can also use it for your travel expenses – from tickets and accommodation, to shopping worldwide anywhere Visa is accepted.
 

Mobile Banking

Manage your money on the go with the Bank of Melbourne mobile banking app. Not only can you check your account balance with just a swipe, you can also transfer money between accounts or to someone else, find your nearest ATM and keep tabs on your transactions.
 

Apple Pay

Fast, secure, contactless. Apple Pay lets you pay in-store and online with your Bank of Melbourne Visa Debit card using your favourite Apple device. Find out more

 

Young adult or tertiary student looking for an everyday account

Bank of Melbourne Complete Freedom is a transaction account designed for day-to-day banking needs
No account-keeping fees
Every dollar counts! You won’t pay any account-keeping fee on your Complete Freedom transaction account
My Offers Hub

Access to offers and benefits on popular lifestyle brands just for being an eligible4 cardholder

 

Fraud money back guarantee
We’ll refund you 100% of any money taken from your account if you’re a victim of fraud provided you let us know right away1

 

4My Offers Hub available to all eligible consumer debit and credit card customers.

Shop through ShopBack. Get Cashback.

Link and pay with your eligible Bank of Melbourne debit card to get exclusive bonus Cashback when you shop on the new Bank of Melbourne Lounge on the ShopBack app.

Find out more

Here are some clever ways you can manage your money

Lost your card?
Lock your card in a flash with the Bank of Melbourne app
Get balance alerts
Set up alerts to let you know if your balance is low or when you’ve been paid
Need to split a bill?
Pay or get paid by anyone, anytime, securely and in real time with the Beem It app when you link your Visa Debit Card
Monitor your budget
With Spend Tracker3 you can keep tabs on where your money goes day-to-day within our banking app. It automatically categorises your transactions so you can see in an instant where your money is going

Fees and charges

  • $0.00 Account-keeping fee
  • $0.00 Cash withdrawals on major bank ATMs in Australia (Certain ATM providers may still charge a fee)
  • $5.00
    Overseas withdrawal fee ($0 when you use our Global Alliance ATMs)
  • 3.00% Foreign currency conversion
  • $15.00 Overdrawn fee
  • 15.01% p.a. Unarranged Lending Rate (ULR) is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement.

Other fees and charges may apply. Please refer to the Terms and Conditions (PDF 732KB)

The legal stuff

Before making a decision, please read the terms and conditions and ensure you're aware of all fees and charges.
T&Cs and Fees
Internet and Mobile Banking T&Cs

Here’s how to get started

1.
Get your ID ready and open your account online – it only takes a few minutes
Types of ID you can use
2.
Start using your account instantly online while we get your Visa Debit card in the mail
3.
Have a job? Ask your employer to deposit your pay straight into your account – the same goes if you’re getting an allowance
Open now

Not right? Try these.

Complete Freedom

Smart banking

All transaction accounts

All accounts

Before making a decision, please read the terms and conditions and ensure you're aware of all fees and charges.

Terms and conditions including fees for Transaction, Savings and Investment Accounts (PDF 732KB)

1. 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.
 
2. To be eligible for a Visa Debit Card, you must have an Australian residential address and be 14 years old or over. 

 

3. The Spend Tracker tool provides general information only and does not take into account your personal circumstances. It is intended to be a guide only.

4. Refer to Terms and Conditions for more details


The $50 Cashback Promotion Terms and Conditions

This promotion runs from 1 February 2026 to 20 April 2026. 

Eligibility criteria:

You must:

  • Not have held either a transaction account or savings accounts with Bank of Melbourne in the last 2 years (applies to both account holders for joint accounts)
  •  Open a new Complete Freedom Account AND, either an Incentive Saver OR Maxi Saver. Accounts must be in the same name, and active and ready to use. 
  • Open both accounts and deposit $50 or more into your Complete Freedom transaction account within 10 calendar days. Deposit(s) must be processed (not pending) by the 10th day. 
  • Deposit must be customer-initiated and does not include interest payments into the account. 
  • Keep the account open for a minimum of 60 days after your eligible deposit. 

 If you meet the above:

  • You're eligible for a one-time $50 payment.
  • The $50 payment will be made to your Incentive Saver / Maxi Saver account within 60 days of you meeting all Terms and Conditions and eligibility criteria.
  • If you open more than one Incentive Saver / Maxi Saver account, the $50 cashback will be made to one account only. It will be the first savings account opened and active.
Joint accounts not eligible. This promotion may be varied or withdrawn at any time. It is not available in conjunction with any other offer unless otherwise stated.
 
Read the  Apple Pay Terms and Conditions (PDF 382KB) before making a decision and consider if it is right for you. To use Apple Pay you will need an eligible card and a compatible device with a supported operating system. See our  Apple Pay FAQs for more information. Apple, the Apple logo, Apple Pay, Apple Watch and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.