Thumbnail icon for BankSA

BankSA Complete Freedom Account

Account fee
$5.00
Payment options
Apple Pay, Google Pay, PayID, Samsung Pay
Interest rate
0% p.a.

Mozo editorial review BankSA Complete Freedom Account

Last updated: 2 July 2020.

binocular icon
What's hot
  • Access to over 3,000 ATMs around Australia
  • $0 account fee when you deposit $2,000 or more each month
  • $40 cashback for new customers (limited time only)
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. 

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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 be able to make “tap and go” purchases in Australia, thanks to Visa payWave functionality. 

If you love the convenience of paying with your smartphone, you'll be pleased to know the BankSA Complete Freedom Account is also compatible with multiple contactless payment options including Apple Pay, Google Pay, PayID and Samsung Pay. 

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.

What's more, if you're a new customer, you could receive a $50 cashback if you apply for a Complete Freedom Account by 6 October 2020 and deposit $500 within 30 days of opening the account. 

As with many standard bank accounts, the BankSA Complete Freedom Account isn’t specifically designed for overseas spending. It comes with a 3.00% 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.

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Who is it good for

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

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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 7 July 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

  • Get $50 when you open a new Complete Freedom account online or in selected branches by 6 October 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
8.1/10
Trust
8.1/10

Latest reviews of BankSA Complete Freedom Account

  • Overall 10/10
    Great customer service

    The staff are excellent at my branch.

    Read full review

    The staff are excellent at my branch.

    Price
    7/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Ben, South Australia reviewed 2 months ago
  • Overall 4/10
    Don’t use.

    Bank putting staff off and reducing hours. Disgusting when making billions in profit.

    Read full review

    Bank putting staff off and reducing hours. Disgusting when making billions in profit.

    Price
    2/10
    Features
    1/10
    Customer service
    5/10
    Convenience
    4/10
    Trust
    10/10
    Less
    Wayne, South Australia reviewed 3 months ago
  • Overall 10/10
    Best bank

    Great to do business with.

    Read full review

    Great to do business with.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Tracy, South Australia reviewed 3 months ago
  • Overall 2/10
    Online experience ok.

    I misplaced my Visa debit card and have been using lock, unlock facility online to receive cash from an ATM machine using a code sent to my phone. Four days later I decided to order a new card, all ok. Two days later I find my card but cannot use it because the bank has decided to block it. BankSA says they can't unblock it. The new card maybe still days away and the bank says they can't do anything. Expected better service from a bank I've been loyal to for Moore than 40 years.

    Read full review

    I misplaced my Visa debit card and have been using lock, unlock facility online to receive cash from an ATM machine using a code sent to my phone. Four days later I decided to order a new card, all ok. Two days later I find my card but cannot use it because the bank has decided to block it. BankSA says they can't unblock it. The new card maybe still days away and the bank says they can't do anything. Expected better service from a bank I've been loyal to for Moore than 40 years.

    Price
    -1/10
    Features
    0/10
    Customer service
    -1/10
    Convenience
    -1/10
    Trust
    0/10
    Less
    Bruce, South Australia reviewed 4 months ago
  • 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 7 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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