Personal Overdraft

Our Personal Overdraft can be linked to either a Day2Day Plus AccountTM or a Reverse Charges Account®, so you’ll have the convenience of operating it as a transaction account. But when you need those extra funds you can draw on your approved limit at any time.

How to apply

 

Unsecured Personal Overdraft

Secured Personal Overdraft Residential Security

Minimum Amount

$3,000

$5,000

Maximum Amount

$40,000

$50,000

 

Features and benefits

Repayments 

Repayment options

Flexible so you can pay any amount, as long as the balance stays within the credit limit.

Additional repayments

Yes – make unlimited additional repayments any time.

Account access

  • BOQ Branches
  • RediATM Network
  • Internet Banking
  • EasyPhone Banking
  • EFTPOS
  • Cheque book
  • Bank@Post

 


Interest rates

The Secured Personal Overdraft rate and the Unsecured Personal Overdraft rate is available on the Today's rates page.

 


Fees and charges

Operating fees and charges 

Application fee

  • Secured overdrafts - $495
  • Unsecured overdrafts - $150

Agreed Credit Advance Fee

  • Charged quarterly on the last day of February, May, August and November
  • 0.25% of approved overdraft limit

Account operating fees and charges

  • A Personal Overdraft can be linked to either a Day2Day Plus AccountTM or a Reverse Charges Account®, both of which have their own fees and charges.

Fees and charges are payable. Normal credit assessment criteria apply. Full terms and conditions are available at any Bank of Queensland branch.


How to apply

 

Alternatively, drop into a BOQ branch and speak to someone face to face.

 

Important information

Please view the terms and conditions listed below on the Terms and Conditions page:

  • Personal Banking Guide to Fees and Charges
  • Personal Lending Supplementary Terms and Conditions