Everyday Transaction Account | No Fee Bank Account

Open your Everyday Account

Why open an Everyday Account?

Our transaction account available on the myBOQ app, that helps you spend smart and save more with no monthly account keeping fees, real-time payments, bill tracking and budgeting tools.

Zip! Zilch! You won't be charged any monthly account keeping fees or transaction fees within Australia^*.

Never miss a payment. We’ll give you a heads-up when your bills and recurring transactions are due so you can make sure you’ve got the funds ready to go.

Manage your money easily by setting spending budgets on specific categories, like groceries or bills. Get real time alerts and personalised insights on your money habits, all in the myBOQ app.

Tired of money taking days to move between banks? We've fixed that! Now you can instantly send and receive money within Australia using Osko and PayID on your myBOQ banking app.

Why not grow your savings each time you spend? Select “round up debit card transactions” and we’ll pop the extra change straight into your savings account^~.

Convenient and safe! Make your money mobile and pay on the go with Apple Pay¹, Samsung Pay² or Google Pay³.

Convenience at your fingertips! Our mobile app means you can manage your spending & bills all in one place with ease. Our Everyday Account and linked savings accounts are only available on the myBOQ app.

Please note: You can still access all your other BOQ accounts through internet Banking.

Savings bundle

Our Everyday Account comes automatically linked with one of our savings accounts.

Your savings could soar with one of our high-interest savings accounts. Our Future Saver Account if you're 14 - 35 years or a Smart Saver Account 36 years and over. Just like our Everyday Account our savings accounts come with no monthly account keeping fees.

Learn about our savings accounts

A transaction account to make everyday spending easy

Visa Debit card

Our Everyday Account comes with a BOQ Visa Debit Card for “anywhere, anytime” shopping.

BOQ Visa Debit card features

Your debit card works wherever Visa and eftpos do. So, shopping online, in-store, over the phone and overseas suddenly becomes a breeze.

As well as a ton of features and benefits, we make your new debit card from 82% recycled plastic - so it's good for you and the planet!

Visa's Zero Liability Policy guarantees that you won’t be held responsible for unauthorised charges made on your account . If you notice any unauthorised transactions on your statement, contact BOQ immediately.

Choose card controls to help you better manage your spending and security. Find out more.

Fees and Charges

^$ 0

No monthly account keeping fees

^$ 0

No withdrawal fees at over 10,000 ATMs* within Australia

^$ 0

No transaction fees within Australia ^{*^}

^$ 0

No overdrawn fees if you happen to overdraw your account ^*~

Please view the myBOQ Deposit Account Interest Rates, Transaction Limits, Fees and Charges document for more details.

Ready for a new bank account? Start here.

Grab your phone and scan the QR code
Download the myBOQ app
Apply for your Everyday Account

Scan to open an Everyday Transaction Account

And if you'd rather apply for your accounts online, that's easy too.

Get my account online

Before you apply for the Everyday Account

You will need:

To be aged over 14
To be the account holder (applications cannot be completed and submitted by an Executor/Administrator/Power of Attorney/ Legal representative).
An Australian residential address
An Australian drivers licence or Australian passport
An Australian mobile number
A smartphone that supports iOS 14.0+ or Android 8.0+.

Important Documents

How many Everyday Accounts can I open?

You can open two Everyday Accounts in the same name.

Can I open a joint account?

Yes, although you can only have 2 people as joint account holders. Once you’ve completed your application, we’ll send the other person a message with details on how to get started.

Just so you know, if the person you are opening the account with is a new myBOQ customer, they’ll receive a unique application ID and an invite prompting them to download the myBOQ app to get started.

If they’re already with myBOQ, they can apply using the application ID in the myBOQ app. This is done in the account section by selecting ‘Sign up for a new account’ and then ‘Join an existing application’.

Can I open an Everyday Account without a Saver Account?

No. Everyday bank accounts come bundled with a Saver Account. Think of it as a match made in heaven – spend when you need but get to your savings goals faster at the same time.

What is a savings account?

A savings account is a bank account where you can deposit your money and earn interest. It is a great way to save money, for a potential emergency, or towards a goal like a holiday, new laptop or house deposit.

The type of savings account you need will depend on your savings goals and other lifestyle factors so you should compare savings accounts to find the best one for you.

How to open an Everyday Account?

To open a Everyday Account with BOQ, all you need to do is download the myBOQ app and choose which savings account you’d like! You’ll need your Australian phone number and Australian driver’s license or passport. After that, we’ll take it from there. Find out more about the myBOQ banking app here.

Can I use an Everyday Account to offset a BOQ home loan?

No. Talk to a lending specialist at your nearest BOQ branch to learn more about the ideal product to suit your needs.

What is a debit card?

Your physical debit card looks like a normal credit card, but it only uses money you already have in your bank account. When you buy things or withdraw cash using your debit card the funds come from your everyday account.

Can I use my debit card overseas?

Yes! With BOQ you can use your debit card overseas wherever Visa is accepted. Use the card as you normally would but we do have to apply certain extra fees and charges when you use your Australian debit card in another country.

We've laid them out here for you.

How old do you have to be to get a debit card?

You need to be 14 years or over to have an Everyday Transaction Account and get a debit card with BOQ.

If I already have a Day2Day Plus account, can I access the myBOQ app?

No, but you can access it through internet banking. You’ll only find the Everyday Transaction and Future / Smart savings accounts on the myBOQ app.

Can I access this account using desktop Internet Banking?

No, sorry.

We’ve created a fresh, modern app designed to give you truly mobile everyday banking. But to do that, we had to create an entirely separate system to support this and all the other exciting features to come.

That’s why myBOQ accounts are only available through the mobile app but other BOQ products (like Day2Day Plus and Fast Track Starter Account) are on internet banking but not the myBOQ app.

Do you have more questions?

For more everyday transaction account and saving account FAQs.

See all account FAQs