Bank of Melbourne Complete Freedom Student

Bank of Melbourne Complete Freedom Student

Fee Free Deposit

0

Account Keeping Fee

0.00

This account is designed for students and apprentices. It offers easy access to your money with no account fees.

  • Access your money with no monthly fees
  • Available to under 18s, full time students and apprentices
  • A range of free everyday transactions are available

Product details


Important information

This account is no longer available for new applications. Although the bank account cannot be applied for, the information on this page has been kept for the benefit of existing customers and for those who are interested. Instead, take a look at the Bank of Melbourne Complete Freedom Account Page. This account waives account keeping fees for students and customers under 21.

What are the features of the Bank of Melbourne Complete Freedom Student Transaction Bank Account?

Compare the features this account offers with other student bank accounts. If you're not after a student bank account, or are looking for a savings account instead, take a look at the other accounts offered by Bank of Melbourne.

No monthly maintenance fees.

There are no fees deducted from your account for monthly maintenance. That;s bloog

Easily access your account.

You will be able to manage your account online from a PC or mobile device via the mobile banking app.

Linked Visa debit card.

This account comes with a Visa debit for all users over the age of 14. With the Visa debit card you can make purchases wherever Visa is accepted either in store or online. The daily limit on purchases is $8,000. For younger students a Freedom Card can be applied for.

Access free ATM withdrawals.

You can use the issued Visa debit card to make withdrawals for free at Bank of Melbourne, BankSA, St.George and Westpac ATMs. This network includes over 3,000 ATMs across Australia. Be advised that there is a daily limit of $1,000 for cash withdrawals, including cash outs when you make a purchase at an EFTPOS.

Withdraw cash overseas for free.

You can withdraw cash from ATMs within the Westpac Global ATM Alliance for free. You are charged $5 for every cash withdrawal you make overseas from an ATM that's not within the network.

Currency conversion fee applies.

For any transaction that requires a conversion of currency you will be charged 3% of the Australian dollar amount as the transaction fee.

Free mobile app available.

A free Bank of Melbourne app is available for both iPhone and Android devices. With this app on your smartphone you have the same access to your account as with online banking. Bank of Melbourne has also added a cardless cash feature which allows you to make withdrawals from an ATM without having to use your Visa debit card.

Pros

  • $0 monthly account keeping fee
  • Access thousands of ATMs in Australia and world-wide for free
  • Mobile banking app with cardless cash

Cons

  • This account is for students and under 18s only

Important information

This account is no longer available for new applications. Although the bank account cannot be applied for, the information on this page has been kept for the benefit of existing customers and for those who are interested. Instead, take a look at the Bank of Melbourne Complete Freedom Account Page. This account waives account keeping fees for students and customers under 21.


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