At a glance

$ 0
Account maintenance fee*
$ 2
Monthly bonus payment
$ 2,000
Minimum monthly balance

Why choose our Reverse Charges Account?

Reverse Charges Account® gives you a bonus payment simply for using it as your transactions account. All you need to do is maintain a minimum monthly balance of $2,000 and you'll receive a bonus paid into your account each quarter.

Unlimited free withdrawals and deposits

Through any BOQ branch, all rediATMs and some other Australian bank's ATMs, Internet Banking, EasyPhone banking, EFTPOS, cheque book and BPAY.**   

Visa Debit Card

Use your Visa Debit Card worldwide, wherever Visa is accepted    

Flexible overdraft facility

Draw additional funds up to an approved overdraft limit, with a flexible overdraft facility.

Maintain a minimum monthly balance of $2,000 and enjoy:

  • No monthly account maintenance fee
  • A bonus payment of $2/month deposited straight into your account each quarter


At BOQ, we keep our fees to a minimum. Any fees we do have we’ll show you up front so there are no surprises.

Minimum Monthly Balance Less than $2,000 $2,000 and over

Account Maintenance Fee



Monthly Card Fee (Visa Debit)



Bonus Payment*



Withdrawals/Transfers/Balance Enquiry
Free Free

If you have a Personal Overdraft Facility, attached to your Reverse Charges Account®, view the annual percentage rate you are charged when you are in overdraft.

See the PDF below for the full list of fees and charges.

Important information

For important information on the Reverse Charges Account, view the terms and conditions.

Ready to apply?

Applying for a Reverse Charges Account is simple. You can apply online, in branch or on the phone.

Applying online

Step 1. Check your eligibility. You must be:

  • A citizen or permanent resident of Australia
  • Fifteen (15) years of age or over
  • Applying for a personal account and not in the name of a business or trust. There should be no more than two account holders for this account.

Step 2. Apply online now

Step 3. Load saved application

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We can also help with:

Earn high interest on your everyday transaction account

Cash Management Account

Maintain a monthly minimum balance of $5,000 and receive bonus interest on balances from $1.

  • Use Visa Debit to shop online, over the phone or in store, in Australia and overseas
  • Access your money anytime via internet and mobile banking
  • Unlimited monthly transactions when you maintain the monthly minimum balance


Bonus Interest Savings Account

Whether you're saving for a new purchase, a house deposit, a new baby or something else, our Bonus Interest Savings Account will help you reach your savings goal faster.

  • Make one withdrawal a month and still earn Bonus Interest variable rate
  • No minimum balance to start earning interest
  • No monthly account maintenance fees