Bank of Queensland

Bank of Queensland, branded BOQ, offers the Everyday Business Account, an operating account for Australian businesses with a Visa card and branch-based service.

Account and fee

The account is held in AUD. The bank publishes a monthly fee of AUD 10. Availability of cheque services is changing under new terms, so a business that still depends on cheques should check the current position before applying.

Services

The service list is deliberately short: business bank accounts. No acquiring, payment gateway or multi-currency functions are described in the source material, so BOQ should be considered here as a plain transaction-account provider rather than a payments platform.

Clients

The product targets businesses in general. Documents, minimum balances and onboarding steps are not stated and should be requested.

Who it suits

Small Australian companies and sole traders that need an uncomplicated everyday account with a fixed, published monthly charge and the option to visit a branch. Companies that need foreign-currency accounts or card acceptance should look at the bank's other products or at a specialist provider.