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.

 

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Package Features and Benefits

 

Standard business banking package

 Product or service 

 Benefit 

Business Term Loan or 

Business Line of Credit 

 Interest rate discount of 0.15% 

 No monthly loan service fee

Everyday Business Account or 

Business Management Account 

 No monthly account maintenance fee

 

Add-on products and services 

 Product or service 

 Benefit 

 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 

 Benefit 

 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:



Interest Rates

Our business and personal lending rates are available on our interest rates page.

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. 


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