Bank of Melbourne Concession Transaction Account

This is an everyday bank account for Australian concession card holders with no monthly account fees to worry about.

Australians who have been issued a Commonwealth Government Health Concession card or Senior’s card can make their banking requirements simpler with the Bank of Melbourne Concession Transaction Bank Account. This account has been specially designed with no account keeping fees, low transaction fees and easy accessibility in order to help manage your money easily.


Account keeping fee


ATM withdrawal fee


Overseas ATM withdrawal fee


Overseas transaction fee

of transaction value

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Product NameBank of Melbourne Concession
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
International ATM Fee$5 + 3%
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

This is an everyday bank account for concession card holders with no monthly account keeping fees and no deposit conditions to meet. To be eligible for this account you need to have a Commonwealth Government Health Concession Card or a Senior's Card.

You’ll pay no ATM withdrawals fees at all Westpac Group ATMs (including Bank of Melbourne, BankSA and St.George) as well as ANZ, NAB and CommBank ATMs in Australia. You can also access 50,000+ ATMs overseas for free through the Global ATM Alliance. However, ATMs outside of the network will attract a withdrawal fee, so check the ATM screen before going through with the withdrawal to see if a fee will be charged.

If you’re not a concession card holder, you can take a look at the Bank of Melbourne Complete Freedom Transaction Account instead. It’s got most of the same benefits and features as this account, although there is a monthly deposit condition to meet in order to avoid the monthly fee.

Key features

No monthly fees

There are no monthly account service fees for this account.

Easy accessibility

You are able to access your account online, over the phone and through an ATM network.

How to apply


If this account sounds like an ideal way for you to manage your money, you will need to apply either over the phone or at your local Bank of Melbourne branch. Before making that call or trip however, you should check to make sure that you are eligible for the account:

  • Minimum age. While there is no age requirement, you do need to hold a Commonwealth Government Health Concession card or Senior's card to qualify.
  • Residency requirements. Applicants must be permanent residents of Australia with a residential address.

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