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.
Bank of Queensland Everyday Account
- Account keeping fee
- $0
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $5
- Overseas transaction fee of transaction value
- 3%
Our verdict
The Everyday Account has no monthly account keeping fees, spend tracking features and instant payments via PayID.
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 can also choose to add a 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.
Pros
-
No account keeping fees
-
Access 10,000+ ATMs in Australia for free
-
Spending insights and savings tools in the myBoQ mobile app
-
Optional linked high interest savings account
Cons
-
International ATM fees and foreign transaction fees apply
Details
Key details
| Product Name | Bank of Queensland Everyday Account |
| Monthly account fee | $0 |
| Card access | Visa |
| Own network ATM fee | $0 |
| International ATM Fee | International ATM fee $5 |
| International transaction fee | 3% |
| Monthly deposit required to waive account fee | N/A |
| Contactless Payments | Apple Pay, Google Pay, Samsung Pay |
Eligibility
| Minimum Age | 14 |
| Joint account availability | Yes |
| Minimum opening deposit | $1 |
| Residency status | Permanent Australian residents with an Australian address |
Key features
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.
Option to add a free linked savings account
You can choose to open a 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. If you don't need a savings account you can also simply open the transaction account on its own.
These accounts pay bonus interest when you meet the deposit conditions, so you can earn interest on your money.
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Alison Finder
Editor
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