Complete Freedom, transaction account

Why?
Special offer
Features
Fees and charges
In detail

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Smart Banking, everyday, everywhere

$0 monthly account fee

We’ve removed our monthly account fee for all our customers, so there’s no need to make a minimum deposit each month. Learn more

Global ATM Network

No ATM withdrawal fee at any major bank ATM in Australia and over 50,000 ATMs around the world via the Global ATM Alliance and partner ATMs (other fees may apply)

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

Easy access to your money at home and overseas

Visa Debit Card

With a Visa Debit card you can use your own money to shop in-store, online or over the phone. Heading overseas? You can also use your card while you’re away – from tickets and accommodation to shopping anywhere in the world Visa is accepted.

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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.

Special offer

$50

on us!

Get $50 with a new Complete Freedom everyday bank account when you apply by 31st March 2021 and deposit $500 within 30 days. New transaction account customers only. Exclusions, T&Cs apply*

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*The Detail

$50 Offer: Fees and charges apply. Read the terms and conditions available at bankofmelbourne.com.au before making a decision and consider whether the product is right for you. To be eligible for the $50 offer you must: open a new Complete Freedom account between 20/01/2021 and 31/03/2021, and deposit $500 within 30 days of account opening. If eligible you will receive $50 into your Complete Freedom account within 45 days of opening. Customers that open a new Complete Freedom account via a third party Mortgage Broker are ineligible. All account holders on the new Complete Freedom account must not hold or have held a Bank of Melbourne, St.George Bank or BankSA transaction account, or received this offer at any time to be eligible. Offer is limited to one eligible account and is not available in conjunction with any other offer.

Read the Terms and Conditions, including for fees and charges that may apply, before making a decision and consider if it is right for you.

Easy, secure, and a fast way to pay with Apple Pay

Enjoy all the benefits of your eligible card using Apple Pay. It’s the easy, secure, and fast way to pay. Learn more

Features

Spend Tracker

All your transactions grouped into categories to help you track your spending habits²

Card Lock

Misplaced your card? Temporarily lock your card for up to 15 days while you look for it

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

Quick Balance

Know exactly how much money you have on hand at a glance on your smartphone or watch

Fees and charges

$0.00 Monthly account service fee
$0.00 Cash withdrawals on major bank ATMs in Australia (Certain ATM providers may still charge a fee)
$5.00
Overseas cash withdrawal ($0 when you use our Global Alliance ATMs)
3.00% Foreign currency conversion
$15.00 Payment honour fee

Other fees and charges may apply. Please refer to the Terms and Conditions (PDF 385KB)

Complete Freedom Fee Removal FAQs

What's happening?

Starting on 2 June 2020, we will no longer be charging a monthly account service fee on our Complete Freedom transaction accounts.

I don’t have a Complete Freedom transaction account, does the fee removal apply to me?

Will you reimburse monthly fees charged before the 2nd of June?

See all FAQs

In detail

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

How to open an account

Open your account in under 3 minutes.

Types of ID you can use

You can now use your account online.

Your Visa Debit will arrive in the mail.

Automatically import your payees and billers via your Internet Banking and switch your payments.

Switch your banking

Not right? Try these.

All transaction accounts

All accounts

All Savings accounts

Savings accounts

The Detail

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. 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.

Read the Apple Pay Terms and Conditions (PDF 327KB) 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.

Everyday Account + Visa Debit Card