Business Banking Package
Bundle your business banking services and save
At BOQ, we understand that every saving matters when it comes to your business. That's why we reward you for keeping all your business banking under one roof.
Our Business First Lending Package bundles your business banking products and services together so you can save on fees and receive discounted interest rates. The more you package with us, the more you'll save.
By having more of your business banking with BOQ, you'll be able to better monitor and administer your finances, with direct access to a dedicated BOQ Manager to look after all of your banking needs.
Package Features and Benefits
Standard business banking package
Add-on products and services
Product or service
| Business Overdraft|| Interest rate discount of 0.15% and reduced Agreed Credit Advance fee|
| Merchant Solutions|| No application fee|
| Payment File Upload Facility (Direct Debit and Direct Credit)|| Reduced application fee|
| Equipment Finance1|| No application fee on first standard equipment finance transaction|
| Business Visa Debit|| No benefit applies, however this counts towards the two minimum optional products and services required to be eligible for the additional interest rate discount.|
| Debtor Finance || No benefit applies, however this counts towards the two minimum optional products and services required to be eligible for the additional interest rate discount.|
| Trade Finance|| No benefit applies, however this counts towards the two minimum optional products and services required to be eligible for the additional interest rate discount.|
1 Equipment Finance issued by BOQ Equipment Finance Limited ABN 78 008 492 582.
Additional interest rate discount
Customers who take up and hold a minimum of 2 optional products and services will receive 1.00% discount (additional 0.85%) in the first year on their variable rate Business Term Loan (applicable on new lending only).
Value added benefits
Product or service
| Foreign Exchange Payments|| Fee discounts available on Internet based foreign exchange payments|
| Commercial Insurance2|| Free face-to-face business insurance continuity evaluation and recommendations when you are referred by us to GIO for your commercial insurance needs3 |
2 Commercial Insurance issued by GIO General Ltd 22 002 861 583
3 Customers must have a minimum commercial property insurable amount of $500,000 (including commercial buildings but excluding personal vehicles and residential property) and insurable amount of not greater than $20,000,000 that falls within GIO's underwriting criteria.
How do I qualify?
To qualify for a Business Banking Package:
Our business and personal lending rates are available on our interest rates
Fees and Charges
Annual package fee: $495
Application fee: 0.75% of the approved limit applies (minimum $900)
For more information on fees and charges applicable to the Business First Lending Package, please refer to the Business Banking Guide to Fees and Charges.