Bank 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 4 May 2026
At a glance
- Base rate
- 0.00%
- Monthly fee
- $0
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | up to $499 | 0.00% | — | paid every 1 mo; Currently not applicable |
| Variable | — | — | $500+ | 0.00% | — | paid every 1 mo; Currently not applicable |
§ 02 — Fees · 16
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Cheque Clearing (deposit) | Deposit | No fee | — | — |
| Direct Credit | Deposit | No fee | — | — |
| Express Deposit | Deposit | No fee | — | — |
| Frequent Statement Fee | Event | No fee | — | — |
| Overdrawn Fee | Event | $15 | — | — |
| Periodical Payment | Payment | $4 | — | — |
| Account Keeping Fee | Periodic | No fee | Every 1 mo | — |
| Agency | Transaction | No fee | — | — |
| Bank@Post | Transaction | No fee | — | — |
| Collection Item | Transaction | No fee | — | — |
| EFTPOS | Transaction | No fee | — | — |
| Internet Banking | Transaction | No fee | — | — |
| Phone Banking | Transaction | No fee | — | — |
| Staff assisted transactions | Transaction | No fee | — | — |
| Cheque Clearing (withdrawal) | Withdrawal | No fee | — | — |
| Direct Debit | Withdrawal | No fee | — | — |
§ 03 — 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
§ 04 — Eligibility & 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
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Bank of Melbourne under the Consumer Data Right, last changed by them on 4 May 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.