Savings account rates › Bank of Melbourne

Freedom Business Account

Bank of Melbourne

CDR officialNot listed in rate tables

The Bank of Melbourne Freedom Business Account is a transaction account for business customers to deposit or withdraw funds by various channels. The account has a monthly plan fee and is designed for those who mainly bank electronically.

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Product data

The lender's Consumer Data Right data, as collected by Homepedia. Nothing in this part comes from a channel.

Rates

Rate	Applies to	Source	Since
0.00%	Variable · $0–$4,999	CDR	1 Nov 2026
0.00%	Variable · $5,000–$9,999	CDR	1 Nov 2026
0.00%	Variable · $10,000–$19,999	CDR	1 Nov 2026
0.00%	Variable · $20,000–$49,999	CDR	1 Nov 2026
0.00%	Variable · $50,000–$99,999	CDR	1 Nov 2026
0.00%	Variable · $100,000–$249,999	CDR	1 Nov 2026
0.00%	Variable · $250,000–$499,999	CDR	1 Nov 2026
0.00%	Variable · $500,000–$999,999	CDR	1 Nov 2026
0.00%	Variable · $1,000,000 or more	CDR	1 Nov 2026

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Source

CDR officialConsumer Data Right product dataShow where this comes from

Fetched: 1 Nov 2026
URL: https://digital-api.bankofmelbourne.com.au/cds-au/v1/banking/products/BOMTrBusFreedomBusinessAccount
Content hash: sha256 f322d26c48558e23cbc204479679587cca79051f756c15b8d74fd8dac4624f98
Rule version: mapper@0.1.2

Consumer Data Right product dataev_cdr_f322d26c48558e23_5d0d07d5Show details

Checked: 1 Nov 2026
URL: https://digital-api.bankofmelbourne.com.au/cds-au/v1/banking/products/BOMTrBusFreedomBusinessAccount
Content hash: sha256 f322d26c48558e23cbc204479679587cca79051f756c15b8d74fd8dac4624f98
Excerpt: —
Rule version: mapper@0.1.2

Page and PDF snapshots are kept by Homepedia; the hash above identifies the exact version we read. Data as at 1 Nov 2026.

Fees

Fee	Type	Amount
Account Keeping Fee	Periodic	$10.00
Internet Banking	Transaction	$0.00
Phone Banking	Transaction	$0.00
Business VISA Debit Card	Transaction	$0.00
EFTPOS	Transaction	$0.00
Foreign Currency Conversion Fee	Transaction	3.00%
Bank@Post	Transaction	$0.00
Direct Credit	Deposit	$0.00
Direct Debit	Withdrawal	$0.00
Staff assisted transactions	Transaction	$3.00
Periodical Payment	Payment	$0.00
Cheque Clearing (withdrawal)	Withdrawal	$3.00
Cheque Clearing (deposit)	Deposit	$3.00
Collection Item	Transaction	$3.00
Agency	Transaction	$0.00
Overdrawn Fee	Event	$15.00

Features and eligibility

Item	Value	Details
Free txns	5	5 in-branch transactions a month: Covers over-the-counter transactions, including cheque deposits and withdrawals
Unlimited txns		Unlimited electronic transactions: Covers online and mobile transfers and payments, and direct debits and credits.
Card access	Business Visa Debit card: Separate your business purchases from personal, with a card linked to your business account.
Digital banking		Access anytime, anywhere: Manage and access your account online, on your mobile device, in branch, and via ATMs.
Digital banking		With PayTo, you can see, review and authorise all new PayTo payments for things such as recurring bills, memberships and subscriptions before the money leaves your account.
Notifications	Real-time security alerts delivered: Keep track of your account activity and help identify suspicious activity, with SMS and email alerts.
Other		Make non-cash payments via services such as BPAY, Pay Anyone, OSKO, Overseas Telegraphic Transfer (OTT), Direct Debit and optional cheque book.
Other		Statements: Monthly statements are available
Other		Cheque book, Periodical payments and direct debits, Agency banking features are available
Overdraft		Overdraft option is available
Other		Cash flow supported: Bank of Melbourne business accounts use Osko, which deposits payments into your account near instantly for immediate use.
Fraud protection		The product includes limited range of FRAUD_PROTECTION features.
Other		Fast, secure payments enabled: Set up PayID to receive payments using your ABN as a unique identifier, which deters scammers.
Other		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.
Other		Bonus 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.
Eligibility: min age	18	Applicant plus all signatories
Eligibility: other		Customer must be operating using an Australian address.
Eligibility: business		Open an account in minutes if you're: A sole trader or 1-director company, OR Already a Bank of Melbourne business customer.
Eligibility: other		Sole trader, partnership, company, association, self-managed super fund, trust, or not-for-profit organisation.

Rate history

Rate	From	To	Rate p.a.
Variable · $100,000–$249,999	1 Nov 2026	Current	0.00%
Variable · $50,000–$99,999	1 Nov 2026	Current	0.00%
Variable · $500,000–$999,999	1 Nov 2026	Current	0.00%
Variable · $10,000–$19,999	1 Nov 2026	Current	0.00%
Variable · $20,000–$49,999	1 Nov 2026	Current	0.00%
Variable · $250,000–$499,999	1 Nov 2026	Current	0.00%
Variable · $5,000–$9,999	1 Nov 2026	Current	0.00%
Variable · $1,000,000 or more	1 Nov 2026	Current	0.00%
Variable · $0–$4,999	1 Nov 2026	Current	0.00%

Tag	Meaning	Effect
`quality:no-interest`	quality:no-interest
`out-of-scope`	Reason this product is not ranked

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