In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert
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Bank of Melbourne Concession Transaction Account

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Bank of Melbourne Concession
Account keeping fee
ATM withdrawal fee
Overseas ATM withdrawal fee
Overseas transaction fee of transaction value

Our verdict

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

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.


  • Unlimited free staff-assisted transactions
  • $0 monthly account service fee
  • Access ATMs around the world for free within the Westpac Global ATM Alliance


  • There is a 3.0% foreign currency conversion fee
  • There is a $5 overseas cash withdrawal fee
  • Strict eligibility criteria applies for this account

In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert

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.


Key details

Product Name Bank of Melbourne Concession
Monthly account fee $0
Card access Visa
Own network ATM fee $0
International ATM Fee $5 + 3%
International transaction fee 3%
Monthly deposit required to waive account fee N/A
Contactless Payments Apple Pay, Google Pay, Samsung Pay


Joint account availability Yes
Minimum opening deposit $1

Key features

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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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