BankSA Complete Freedom Account

$5.00$0 monthly account fee if you deposit min. $2,000 per month.

BankSA, Westpac, St.George, Bank of Melbourne

Visa Debit or
EFTPOS

BankSA Complete Freedom Account Review

Rates and fees information correct as at 27 April 2018.

Review published: 22 December 2015

What's hot:

  • Access to over 3,000 ATMs around Australia

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

  • $40 cash back when you deposit $500 within the first 55 days

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. Plus, open the account before 27 April 2018 and deposit $500, and you can score $40 cash back.

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 ensuring you will be fully reimbursed for any unauthorised transactions from your account. 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 the ideal choice, if you’re looking for easy access to your green, around the clock.

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.

How are BankSA bank accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.8

Based on 139
BankSA bank accounts reviews

7.0 6.8 8.0 7.8 7.9

Read BankSA bank account reviews by the Mozo community

Latest reviews of BankSA Complete Freedom Account

BankSA

BankSA Complete Freedom Account bank account review

Overall rating   10 / 10

Great customer service

They speak to you as a person and take the time to make sure you understand what you need to know.

Full review

They speak to you as a person and take the time to make sure you understand what you need to know.

    Price   -1 / 10

    Features   -1 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Lorraine (SA), reviewed about 2 months ago

BankSA

BankSA Complete Freedom Account bank account review

Overall rating   10 / 10

Yes

Really good people.

Full review

Really good people.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Joanne (SA), reviewed 2 months ago

BankSA

BankSA Complete Freedom Account bank account review

Overall rating   9 / 10

Not sure

I think they're ok, but late fees are too much.

Full review

I think they're ok, but late fees are too much.

    Price   -1 / 10

    Features   -1 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   8 / 10

Less

Judith (SA), reviewed 2 months ago

BankSA

BankSA Complete Freedom Account bank account review

Overall rating   0 / 10

Very bad

I think they have old fashioned ideas. I find them degrading towards women and incompetent in regards to business and money handling skills.

Full review

I think they have old fashioned ideas. I find them degrading towards women and incompetent in regards to business and money handling skills.

    Price   1 / 10

    Features   0 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

Less

Lainey (SA), reviewed 2 months ago

BankSA

BankSA Complete Freedom Account bank account review

Overall rating   10 / 10

Great workers

Really helpful when having issues with online banking

Full review

Really helpful when having issues with online banking

    Price   8 / 10

    Features   2 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   9 / 10

Less

Michelle (SA), reviewed 3 months ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • Balances from $0: 0.00% p.a.

  • none

  • 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

  • Get $40 when you open an account by 27 April 2018 and deposit a minimum of $500 within 45 days.

Atm card

  • $5.00

  • $0.00

  • 3.00%

Debit card

  • $5.00

  • $0.00

  • 3.00%

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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