What is a joint bank account? 

In short, a joint account is a bank account with two account holders. Joint accounts are often used by couples to combine some or all of their finances to help manage household expenses or to save together.

If you and your partner live together or you have a joint savings goal (such as buying a house), opening a joint bank account will make it easier to manage your shared expenses.

Benefits of opening a joint bank account

  • Keep track of your shared expenses
  • Manage and pay bills from one account
  • Shared account access with visibility on all transactions
  • Easily divide up expenses 
  • Pay fewer account fees
  • Reach your savings goals together 

What you need to know about opening a joint bank account

Before opening a joint account, decide what the account will be used for – such as emergency expenses, reaching a savings goal or for daily transactions. You may want to decide:

  • How much and how often you’ll each contribute into your joint account
  • Whether you can separately sign off on withdrawals on the account or whether you both need to sign (account authority)
  • What your financial goals are - our savings calculator can help
  • Who will be making bill payments
  • What the spending limit is on the account
  • Set up a budget using our handy budget planner

How do I open a joint account at BOQ?

  • All of our savings and transactions accounts can be opened jointly online, and you’ll only need a few minutes spare. Some of these accounts are listed below.
  • For our everyday bank account with no monthly fees, check out the Day2Day Plus Account.
  • Need an account with a high interest rate that can help you with your joint savings goals? Check out the Fast Track Saver Account.

 

For further information on fees and charges associated with your transaction or savings account, view the terms and conditions below.

Applying online

You can apply for a joint bank account online for any of the savings and transactions accounts listed below:

Chat to us

Here's some of our joint bank accounts at BOQ

Everyday banking with no monthly fees

Day2Day Plus Account®

The Day2Day Plus Account is the everyday bank account that frees you to live the way you want, each and every day.

  • Easily manage your daily transactions and bills through internet banking
  • Unlimited deposits, withdrawals, BOQ balance enquiries, funds transfer and BPAY transactions
  • Contactless payments and secure online purchases through Visa Debit

BONUS INTEREST VARIABLE RATE FOR BALANCES UP TO $10,000 IF BONUS CRITERIA MET6

Fast Track Starter Account

A great way to start saving if you are 14 - 24 years old

  • Earn ongoing Bonus Interest variable rate when you meet Bonus Criteria
  • Simply deposit $200 or more and do 5 or more eligible transactions that are settled (not pending) on your linked Day2Day Plus Account
  • No minimum balance required
  • 2021 RateCity Gold Award for Best Savings Account Young Adults

BONUS INTEREST VARIABLE RATE FOR BALANCES UP TO $250,000 IF BONUS CRITERIA MET7

Fast Track Saver Account

Feel sure of your savings with a high interest savings account that rewards you for using your linked Day2Day Plus Account.

  • Earn ongoing Bonus Interest variable rate when you meet Bonus Criteria
  • Simply deposit $1,000 or more and do 5 or more eligible transactions that are settled (not pending) on your linked Day2Day Plus Account
  • No minimum balance required
  • Winner of multiple industry awards including RateCity Gold Award 2021 for Best Regular Savers Account