The Finance Algorithm
Bank of Melbourne logoBank of Melbourne

Society Cheque Account

The Bank of Melbourne Society Cheque Account is a transaction account for not-for-profit organisations to deposit or withdraw funds by various channels.

Savings & transaction accountsBank updated 23 Oct 2026
Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate
0.00%
Monthly fee
$0

Rates

Every rate Bank of Melbourne publishes for this account, 2 in all.

TypeApplies toTermBandRateComparisonConditions
Variable--up to $4990.00%-paid every 1 mo; Currently not applicable
Variable--$500+0.00%-paid every 1 mo; Currently not applicable

Fees

16 fees published, grouped by when they're charged.

While you hold it1

  • Account Keeping Fee
    No fee

When you make a transaction13

  • Cheque Clearing (deposit)
    No fee
  • Direct Credit
    No fee
  • Express Deposit
    No fee
  • Periodical Payment
    $4
  • Agency
    No fee
  • Bank@Post
    No fee
  • Collection Item
    No fee
  • EFTPOS
    No fee
  • Internet Banking
    No fee
  • Phone Banking
    No fee
  • Staff assisted transactions
    No fee
  • Cheque Clearing (withdrawal)
    No fee
  • Direct Debit
    No fee

When particular things happen2

  • Frequent Statement Fee
    No fee
  • Overdrawn Fee
    $15

Features

Digital bankingFraud protectionUnlimited transactions
  • Ideal for schools, charities, community and sporting groups and government agencies
  • $0 account-keeping fee
  • Deposit Only card: For approved office bearers
  • Make non-cash payments via services such as BPAY, Pay Anyone, OSKO, Overseas Telegraphic Transfer (OTT) and Direct Debit.
  • Access at any Bank of Melbourne branch, Bank@Post, at all times with Internet and Phone Banking; and via express deposit, automatic payments and deposits and BPAY
  • Statements: At least every six months
  • Deposit, receive and access funds, and make payments through a variety of channels including in branch, online and telephone banking

Eligibility and limits

  • Minimum age 18
  • Operating in Australia with an Australian address
  • Not-for-profit organisations including charities, community and sporting groups, schools, government bodies, and registered political parties

Published by Bank of Melbourne under the Consumer Data Right, last changed by them on 23 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.