BankSA Complete Freedom Account

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, at the moment, you can get $50 back when you open a new Complete Freedom account by 3 April 2019 and deposit $500 within 30 days.

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.

Plus, at the moment, you can get a $50 deposit back in your account when you open a new Complete Freedom account by 3 April 2019. To score this offer, you'll need to deposit $500 within 30 days and keep the account open for at least 45 days. It's also not available for customers who have had a Complete Freedom Account before. 

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 an ideal choice if you’re looking for easy, around the clock access to your green.