Bank of Melbourne Complete Freedom Transaction Account

This account has no monthly account keeping fees and no monthly deposit to meet, making it a flexible everyday account for day-to-day banking.

This is an everyday transaction account with no monthly fees and no monthly deposit requirement to meet. Use the linked Visa Debit Card for free wherever Visa is accepted in Australia, and to withdraw cash for free at any ATM in Westpac's large Global ATM Alliance when you're overseas.


Account keeping fee


ATM withdrawal fee


Overseas ATM withdrawal fee


Overseas transaction fee

of transaction value

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Product NameBank of Melbourne Complete Freedom
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
International ATM Fee$5
International transaction fee3%
Monthly deposit required to waive account feeN/A
Contactless PaymentsGoogle Pay, Apple Pay, Samsung Pay

Review by

Alison Banney is the banking and investments editor at Finder. She has written about finance for more than 8 years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

There’s no account keeping fees or monthly deposit conditions to meet with account, so you don't need to stress about depositing a certain amount of money each month. The account comes with a free Visa Debit Card which you can use to access your money in a variety of ways.

You can use the Visa Debit Card to make unlimited free transactions in Australia, including free ATM withdrawals at Westpac, NAB, ANZ and CBA ATMs. You can also make free withdrawals at more than 50,000 international ATMs though the Global ATM Alliance which Bank of Melbourne is a part of. If you use an international ATM outside of the alliance you’ll be charged a $5 withdrawal fee. There’s also an international transaction fee of 3% when using the card overseas. So keep this in mind if you travel a lot or you regularly shop online on overseas sites.

This account offers Apple Pay so you can make purchases with your phone or wearable device instead of your debit card. It also offers Cardless Cash, which is a unique feature only offered by a few banks that allows you to withdraw money from eligible ATMs using your phone. This is really handy if you’re out and about and need cash but you’ve left your wallet at home.


Receive a $40 cash bonus when you open a new Bank of Melbourne Complete Freedom account online by 31 March 2022 and deposit $500 within 30 days of opening the account. You must also make sure the account remains open for at least 45 days from the date of account opening. New account holders only. T&Cs apply.

Key features

$0 Account keeping fee and no monthly deposit required

This account charges no monthly account keeping fees and there's no monthly deposit requirement to meet.

Free linked Visa debit card

You are issued a free Visa debit card with this account, which you can use to make purchases in stores and online anywhere that Visa is accepted around the world. The debit card comes with Visa payWave so you can make contactless purchases in stores without entering your PIN for purchases under $100.

How to apply

If you have compared the Bank of Melbourne's Complete Freedom transaction bank account with similar everyday accounts in other banks and find this one suits your needs then you can get started by clicking 'go to site' to be redirected to the secure application page.


You should check first that you meet their eligibility requirements before proceeding:

  • Your age. In order to open the Complete Freedom transaction account you must be at least 18 years of age.
  • Your residency. You must currently be in Australia and have a verifiable Australian residential address.

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