Freedom Account

Flexible, everyday banking that can also be fee-free

With the flexibility to decide how you want to bank, the Freedom Account allows you to avoid the monthly account service fee by keeping a minimum balance in your account. You also have the option of adding a Maestro/Cirrus ATM Card and chequebook to your account.

10 fee-free transactions per month
No monthly account service fee when you maintain a minimum monthly balance of $3,000
Unlimited everyday transactions when you maintain a minimum monthly balance of $5,000

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Features

Key features

Maestro/Cirrus ATM Card
Chequebook available upon request
Overdraft facility available upon application^{^}
SMS and Email Alerts^#

Statements

Issued 6 monthly
Mini-transaction history available at any BankSA ATM^*
View transactions online with Internet Banking at any time

Interest

Calculated daily, paid quarterly
Interest offset available upon request

Access

Account access

Instant and unlimited access to your funds via BankSA Branches, ATMs, Cheques, EFTPOS, Internet and Phone Banking, BPAY^® and electronic agencies
Convenient and secure 24/7 access to Internet and Phone Banking^**
Automate deposits and payments with direct credits (for salary or investment income)
Automate payments with direct debits (for regular bills)

Fees

Account service fee

No monthly account service fee when you maintain a minimum monthly balance of $3,000
$7 monthly account service fee for all accounts with a minimum monthly balance under $3,000
No account service fee and no BankSA ATM, EFTPOS, cheque or over-the-counter withdrawal fees if your monthly home loan repayment (other than a Portfolio Loan) is automatically deducted from your Freedom Account

Transaction fees

No fees on BankSA ATMs, branches, Internet and Phone Banking and EFTPOS provided you maintain a minimum monthly balance of $5000^##

How to apply

Call us

Apply for the Freedom Account over the phone on 13 13 76 , 8am - 8pm, seven days a week

Visit a branch

Find your nearest branch

Requirements

Information you’ll need to complete your application

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Important information

Before deciding to acquire or continue to hold a product, you should read the Terms and Conditions and ensure the product is appropriate. The governing Terms and Conditions documents for Savings & Investment Accounts includes the Transaction, Savings & Investment Accounts Banking Services Terms and Conditions & General Information, Fees & Charges and How to Minimise Them and interest rates. The Terms and Conditions are important and we encourage you to view, save and/or print this document. If you would like a paper copy of the booklet, please visit your local branch or request one by post.

Any advice on this website is prepared without consideration of your personal objectives, financial situation or needs. Before acting on this advice, you should consider if it is appropriate for you.

ˆ Subject to lending criteria.
# Fees apply to SMS alerts and Email Alerts are free.
* Charged per transaction regardless of transaction allowance.
** Subject to systems availability and maintenance.
## Transaction fees apply for using non-BankSA ATMs. Other transaction fees and charges for special services apply.
Daily transaction limits apply.