Tips for running your small business

From setting business goals to doing your business tax return, getting a business loan, understanding business insurance, social media for business and more, our business banking experts share their tips to support you running your business. 

A full suite of business banking solutions for managing small businesses

Small business bank accounts

Our low fee business bank account

Everyday Business Account

Manage your transactions with ease - all for a low monthly fee.

  • Free branch, ATM and cheque deposits
  • Free Direct Debits and Direct Credits
  • Easy account access through ATM/EFTPOS, Internet and Mobile Banking

BONUS INTEREST VARIABLE RATE FOR BALANCES UP TO $500,000

Business Performance Saver®

Earn an ongoing, competitive interest rate on your business savings that rewards you for using your linked Everyday Business Account.

  • Earn ongoing Bonus Interest variable rate when you meet Bonus Criteria
  • Simply deposit $5,000 or more and do 5 or more eligible transactions on your linked Everyday Business Account
  • No minimum balance required

Maximise your import and export potential

International and Domestic Trade

From traditional trade products to tailored finance solutions, BOQ offers a range of trade finance solutions for your import and export business.

  • Manage payment and foreign exchange risk
  • Finance imports and exports
  • Establish a foreign currency account

ADDITIONAL INTEREST FOR 4 MONTHS ON BALANCES OVER $10,000

Business WebSavings Account

Make the most of your business savings with the flexibility of accessing your money anytime.

  • Earn additional interest for 4 months as an introductory offer
  • No monthly account maintenance fees
  • Unlimited transfers

Small business loans and finance to update your business

Tailored business financing, designed to expand your service

Business Term Loan

At BOQ, we know there’s no business like your business. With local bankers that take the time to understand your finance requirements, you can look after your business, and we'll look after the rest.

  • $0 application fees (T&Cs apply) *
  • Loan-to-Value Ratio up to 90%
  • Loan terms up to 30 years

Finance your equipment without tying up your cashflow

Equipment and Vehicle Finance

Whether you want to lease your equipment, salary package your vehicle or you're looking for a short-term finance solution to grow your business, we can help with a full suite of funding options.

  • Spread your repayments over the life of the equipment
  • No capital outlay
  • Structure repayments to suit your cash flow

Flexible cash flow options to help you succeed

Manage your cashflow and cover expenses

Business Overdraft

You can't always predict when an unexpected expense will arise, or when you need to cover shortages in your cash flow. Our Business Overdraft gives you access to a minimum of $10,000, up to an approved limit.

  • Attach to your BOQ Business Transaction Account for access when you need it
  • Interest only charged on funds utilised
  • Access your overdraft via EFTPOS, online banking, direct debit, in branch or via cheque

Guarantee payment without having to supply an upfront deposit or bond

Bank Guarantee

Bank Guarantees enable you to grow your business by providing your suppliers, landlord, or government authorities with the security of guaranteed payment.

  • Flexible security options
  • Faster turnaround (5-8 business days) with our Express Bank Guarantee Facility (up to $100,000 customer limit and 100% cash security)
  • Earn interest on cash security at standard Term Deposit rates

Merchant and payment solutions to get you started

Merchant Solutions

Accept card payments from your customers... anywhere, anytime.

  • Online
  • In store
  • Over the Phone
  • On the Go

Payment Solutions and Billing

Solutions for customer payments and the processing of large amounts of transactions.

  • BPAY Billing for easy collection
  • Direct Debit Facilities to get paid automatically
  • Direct Credit Facilities to assist with salary payments or large quantities

Small business insurance solutions

Free up your cash flow spent on insurance premiums

Insurance Premium Funding

Pay your annual insurance premiums through flexible repayments, allowing your working capital to stay in your business.

  • Easy monthly instalments
  • 6 to 12 month options
  • Release cash flow to invest back into your business