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Why choose our One Account?{yellow-border}

No monthly account fees

Plus, free ATM withdrawals at all BOQ branded ATMs.

Interest on your balance

Earn a savings rate of interest on your everyday bank account balance.

Optional overdraft

Pay interest only on what you use, and there’s no need to secure it against your property.

Government guarantee

Savings up to $250,000 are protected under the Australian Government Deposit Guarantee.

Easy access to your money

Use your Visa debit card, app or online banking to pay, transfer, BPAY® and more.

Branch access

Deposit cash and cheques at any BOQ branch whenever you need in-person banking.

What is an optional overdraft?

Your One Account comes with the option to add an unsecured overdraft, giving you flexible access to funds, with interest only on what you use.

Flexible access to extra funds

Tap into additional money whenever you need it - just use your BOQ Specialist debit card, transfer online or withdraw at ATMs.

Only pay for what you use

You’ll only pay interest on the amount you use. There are no fees or charges on unused credit, and no set repayment schedule.

No property security required

This is an unsecured line of credit, which means you don’t need to tie it to your home or other personal assets.

Helps smooth out cash flow

Great for covering gaps in income or business expenses - your overdraft supports your day-to-day financial needs without the stress.

Your everyday bank account, with interest{yellow-border}

One Account isn’t just any transaction account: it’s an everyday bank account that earns interest along the way. Because banking should work for you.

View interest rates

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Frequently asked questions{yellow-border}

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Help and support

Who is the One Account for?

The One Account is designed for professionals in the medical, dental, veterinary and accounting fields, their associates, suppliers, and students in related programmes. It suits individuals looking for a flexible everyday bank account to manage daily finances, pay bills, and receive income. Whether you're running a practice, studying, or managing personal expenses, this transaction account provides simplicity, security, and flexibility as well as an optional overdraft for additional cash flow support. It’s also suitable for corporations and trusts that meet eligibility criteria, offering a reliable way to manage regular transactions.

What makes this account different from other everyday bank accounts?

Unlike most transaction accounts, One Account pays a variable interest rate on your credit balance, so your money grows while you use it. There are no ongoing monthly fees or minimum balance requirements, and you get full access to your funds online, in-app, via Visa debit card, and at BOQ branches. With the added benefit of an optional unsecured overdraft, this everyday bank account offers more control, flexibility and value for professionals managing both personal and practice-related expenses.

What is the optional overdraft and how does it work?

The optional overdraft is an unsecured line of credit linked to your One Account. It provides flexible access to extra funds when you need them. It’s ideal for managing short-term cash flow or covering unexpected expenses. You only pay interest on the amount you use, and there are no fees on unused credit. There are no set repayments; instead, the overdraft is repayable on demand within 30 days. You don't need to secure it against personal property, and students and graduates may be eligible for tailored criteria. It’s a useful addition to an already handy transaction account.

What access do I have to my account?

Your One Account gives you full digital and in-person access to your money. Use your Visa debit card to make purchases and withdraw cash at ATMs. Log in online or through the BOQ Specialist mobile app to make payments, transfer funds, use BPAY®, and manage your transactions. You can also deposit cheques and cash at BOQ branches.

Are there any fees or charges I should be aware of?

There are no ongoing monthly account-keeping fees or minimum balance requirements for the One Account. If you apply for the optional overdraft and are approved, a one-off application fee may apply. Interest is only charged on the portion of the overdraft you use, not the total credit limit. All fees are outlined in the Transaction and Savings Account Overdraft Facility Terms and Conditions.

What if I have other questions about everyday banking?

View all account FAQs here