Bank of Queensland Everyday Account
The Everyday Account has no monthly account keeping fees, spend tracking features and instant payments via PayID.
The Bank of Queensland Everyday Account is a transaction account designed to manage day-to-day spending and receive payments. It has no account keeping fees, free access to 10,000+ ATMs within Australia and allows you to track your spending via the myBOQ mobile app.
Account keeping fee
ATM withdrawal fee
Overseas ATM withdrawal fee
Overseas transaction fee
of transaction value
|Product Name||Bank of Queensland Everyday Account|
|Monthly account fee||$0|
|ATM Withdrawal Fee||$0|
|International ATM Fee||$5|
|International transaction fee||3%|
|Monthly deposit required to waive account fee||N/A|
|Contactless Payments||Google Pay, Apple Pay, Samsung Pay|
This is a great everyday transaction account for use within Australia, as it has no monthly fees and free access to all Big Four bank ATMs. It also offers PayID and Osko payments, so you can send and receive payments instantly from friends and family with different banks. You can also open this as a joint account which is handy if you’re sharing expenses with someone.
The myBOQ mobile app allows you to see your personal spending insights based on your transactions and set up individual savings goals. You’ll also get a free linked savings account too, so you can earn interest on your money when you’re not using it.
This account does charge international ATM fees and foreign transaction fees, which is something to be aware of if you travel a lot or regularly shop online at international retailers.
No account keeping fees.
This account has no monthly account keeping fees with no conditions to meet.
Access 10,000+ ATMs within Australia for free.
You can use your Bank of Queensand Visa Debit Card at any CommBank, Westpac, ANZ or NAB ATM within Australia for free.
Free linked savings account
You'll automatically get a linked Bank of Queensland savings account when you open a new Everyday Account. If you're ages 14-35 you'll get a Future Saver Account, and if you're 36 or older you'll get a Smart Saver Account.
These accounts pay bonus interest when you meet the deposit conditions, so you can earn interest on your money.
Spending tools and savings features in the mobile app
You can enable the Round Up feature in the myBOQ mobile app to round up your transactions to the nearest dollar and have the remainder sent to your linked savings account. You can also set savings goals and track your progress, and see spending insights based on your transaction history.
Make instant payments with PayID and Osko.
This account offers Osko payments, which allows you to send and receive money instantly even to people who are with a different Australian bank. By setting up a PayID, you can assign your mobile number or email address to your account instead of using your BSB and Account Number.
Make contactless payments.
You can tap and pay using Apple Pay, Google Pay or Samsung Pay.
Protected by the Government bank guarantee scheme
Your deposit up to $250,000 in a Bank of Queensland account is protected by the Government's bank guarantee scheme.
How to apply
You can apply online in less than 10 minutes. When applying for the Bank of Queensland Everyday Account, you'll receive a Bank of Queensland savings account too if you don't already have one.
- Minimum age. You must be 14 or older to open this account.
- Residency. You must have an Australian residential address.
- Identification. You must be able to verify your identity with either a driver's license, passport or proof of age card.
- Tax file number. This is needed in order to apply the correct tax rate to your interest.
- Personal details. You'll need to supply your personal details including your full name and contact details.