BOQ

Information about BOQ

BOQ is a financial institution founded in 1874, operating under the supervision of the Australian Securities and Investments Commission (ASIC). The bank offers a broad range of services for individual and business customers, including various bank accounts, home and personal loans, credit cards, insurance, and specialized business-banking solutions. Some accounts notably require a minimum opening deposit of 0.

Is BOQ reputable?

BOQ holds a Market Maker (MM) license issued by ASIC in Australia, with license number 000244616.

Financial services

For individuals

• Bank accounts: transaction, savings, and term deposit.

• Home loans: including refinancing and loan calculators.

• Credit cards: with rewards programs.

• Personal loans and insurance (home/contents and car).

For businesses

• Credit & financing: business loans and overdrafts.

• Business accounts: transaction, savings, and Visa debit cards.

• Foreign exchange & international trade, commercial products, and payments.

• Industry-specific solutions: e.g., agriculture, healthcare.

• Business banking support: toolkits, financial calculators, and a knowledge center.

Account types

Business accounts

• Business transaction accounts for everyday payments.

• Savings & investment accounts to earn interest on funds.

• Industry Specialist Accounts tailored for law firms, real estate agencies, and not-for-profit organizations, etc.

Personal accounts

BOQ offers two main categories: Transaction Accounts and Savings Accounts.

Personal Transaction Account:

• No monthly account-keeping fees.

• Free withdrawals at BOQ ATMs in Australia.

• No domestic transaction fees.

• According to BOQ’s disclosures, no overdrawn fees are charged if you exceed your account balance.