BankSA Complete Freedom Account

$5.00

Apple Pay, Google Pay, PayID, Samsung Pay

0% p.a.

BankSA Complete Freedom Account

$5.00

Apple Pay, Google Pay, PayID, Samsung Pay

0% p.a.

Mozo Review   BankSA Complete Freedom Account Review

Last updated: 1 November 2019.

What's hot:
  • Access to over 3,000 ATMs around Australia

  • $0 account fee when you deposit $2,000 or more each month

What's not:
  • $5 overseas cash withdrawal fee

Mozo snapshot:

The BankSA Complete Freedom Account certainly gives you complete freedom over your money, with cardless cash withdrawals, fee free internet and mobile banking, as well as customised SMS and email alerts. On top of this you’ll have access to over 3,000 St. George and partner ATMs around Australia. While there is a $5 account keeping fee, if you deposit $2,000 or more a month the fee is waived.

Key features:

The BankSA Complete Freedom Account has one of the largest ATM networks in Australia with free withdrawals from BankSA, Bank Of Melbourne, and Westpac ATMs. You can also access your cash through phone and internet banking, in branch or via EFTPOS.

The bank account comes with a Visa Debit Card, which means you can shop anywhere Visa is accepted around the world. Plus you’ll also be able to make “tap and go” purchases in Australia, thanks to Visa payWave functionality.

There’s no need to worry about security either, as the bank account comes with BankSA Fraud Money Back Guarantee. In addition BankSA Secure guards both your information and finances with rigorous security measures, such as encryption technology.

As with many standard bank accounts, the BankSA Complete Freedom Account isn’t specifically designed for overseas spending. It comes with a 3.0% currency conversion commission, as well as a $5 overseas ATM withdrawal fee at any ATM outside the Global ATM Alliance, which could quickly take a chunk out of those travel savings, if used frequently.  If you’re in the market for a travel friendly bank account, compare deals in our travel debit card section.

Also keep in mind, the bank account pays no interest so it’s best to keep the bulk of your funds in a linked high interest savings account and transfer across.

Who it's good for:

The BankSA Complete Freedom Account is an ideal choice if you’re looking for easy, around the clock access to your green.

Any catches?

There is a $4 periodical payment fee, for payments made to accounts outside of the BankSA, Bank of Melbourne or St.George networks. This means if you require BankSA to transfer your money to another account on a regular basis on your behalf, it will bill you $4 every time the transaction occurs. You can avoid this fee by doing the transfer via online banking yourself.

Details

Rates and fees information correct as at 24 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.00% p.a.

  • n/a

  • n/a

Fees
  • $5.00

  • $0 monthly account fee if you deposit min. $2,000 per month.

  • Unlimited free transactions from network ATMs, EFTPOS, BPAY, cheque, counter withdrawals, counter deposits, phone and internet

  • $0.00

  • BankSA, Westpac, St.George, Bank of Melbourne

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $5.00

  • 3.00%

  • $0.00 monthly

Other financial bits
  • $1.00

  • $1.00

Features
  • $2,000.00

  • yes

  • no

  • yes

  • yes

  • yes

  • yes

  • no

  • none

  • Bonus $40 for new customers with applications by 31 March 2020 and deposit $500 within 30 days of account opening.

Atm card
  • $5.00

  • $0.00

  • 3.00%

Debit card
  • $5.00

  • $0.00

  • 3.00%

Payment options

Apple Pay, Google Pay, PayID, Samsung Pay

Customer Reviews

How are BankSA bank accounts rated by the Mozo community?

Overall customer rating
7.8/10
Price
7.0/10
Features
6.6/10
Customer service
7.9/10
Convenience
8.0/10
Trust
8.1/10

Latest reviews of BankSA Complete Freedom Account

  • Overall 7/10
    This bank is suitable for my needs.

    I like the convenience of location and the friendly service.

    Read full review

    I like the convenience of location and the friendly service.

    Price
    8/10
    Features
    5/10
    Customer service
    7/10
    Convenience
    9/10
    Trust
    7/10
    Less
    Libby, South Australia reviewed 2 months ago
  • Overall 9/10
    Excellent customer service & online banking app.

    I live in Queensland and use a South Australian bank. Their online banking system is second to none. Any time I've had to contact I have always had awesome customer service.

    Read full review

    I live in Queensland and use a South Australian bank. Their online banking system is second to none. Any time I've had to contact I have always had awesome customer service.

    Price
    -1/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Rowan, Queensland reviewed 3 months ago
  • Overall 9/10
    Good banking.

    Been with them for years, all good.

    Read full review

    Been with them for years, all good.

    Price
    8/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Janet, South Australia reviewed 3 months ago
  • Overall 10/10
    Fantastic people.

    I like this bank because of the friendly service, and the fact that my wife and myself have been with them for over 50 years and have never had a problem with them in any way at all.

    Read full review

    I like this bank because of the friendly service, and the fact that my wife and myself have been with them for over 50 years and have never had a problem with them in any way at all.

    Price
    7/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    9/10
    Less
    Allen, South Australia reviewed 3 months ago
  • Overall 10/10
    Friendly local bank with excellent online site.

    Friendly local bank with excellent online site.

    Read full review

    Friendly local bank with excellent online site.

    Price
    8/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Kendra, South Australia reviewed 3 months ago
BankSA

About BankSA

BankSA is the largest financial institution in South Australia, and boasts the largest network of branches and ATMs in the state. BankSA aims to help South Australians get the best from their money, and offers a wide range of bank accounts, home loans, personal loans, credit cards and other financial services.

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