Bank of Queensland
Bank of Queensland was established in the year 1874 under the banner of Brisbane Investment Society and was later on converted to a bank. In the year 1942 it became a trading bank with the merger of a number of financial institutions in Queensland in Australia.
Branches of Bank of Queensland
The BOQ has its head office in Queensland and is spread across Australia in different locations such as Adelaide, Rockhampton, Belmont, Blacktown, Bribie Island, Darwin, Frankston, Gladston, Geraldton, Garden City, Goodna, Gold Coast, Geelong, Hamilton, Hampton, Lismore, Newtown, North Lakes, Parramatta, Queen street, Richmond, Windsor, Robina, Townsville, Stafford, Brisbane bsb, Victoria, Sydney, nsw, Perth, Melbourne etc. In the year 2003, it purchased ATM solutions Australia and sold it for a net profit of $15 million. It has one of the most widespread ATM branches in different locations of the country. As of today, it has around 2500 ATM centers in the whole of Australia. This makes it very easy for the customers of the bank to access money from any part of the country at any time. The first regional branch of the bank was opened in Cairns and Townsville.
Bank of Queensland Internet Banking
Bank of Queensland has provided Internet banking services or the online banking facilities which helps the customer to access and perform their banking transactions from any where at any time at their own convenience. It is also called mobile banking.
Key features includes
- Open or apply for selected accounts according to your needs
- Order new statements anytime in oredr to manage your finances
- Pay bills and receive bills online via BPAY
- Make multipayments and make life easy
- Mobile Banking offers the facilities of the bank to be availed from mobile thus helping the user to access the features via Mobiles anywhere and anytime
- Easy transfer of funds from one account to another and that too securely
- Foreign currency calculator will help users to calculate the foreign currency easily and accurately
- Make payments to anyone
- International and RTGS payments
- SMS banking services to keep yourself updated about the transactions
- There is more online security with BOQ Security Token
- Direct debit payment
- Payment file upload
- Access to related accounts
- Payment templates (This is an easy way to help customers make multiple payments. If a customer has a payment template saved, it can be used to populate payments without adding details of each payment individually)
- Privilege delegation
- Transaction authorization of multiple users
For other customers, some special benefits are provided by the bank.
For example:
- A online banking customer can pay his bills with BPAY
- This customers' bills can also be accessed by him online using BPAY view
- The benefits of foreign currency calculators
- The transaction and balance history export is available
- All RTGS and international payments are available
- Extra online security is provided to an internet banking customer through the BOQ Security Token feature used by the Bank of Queensland
- If you are an online banking customer, you are automatically eligible to enjoy the facilities of the SMS and mobile banking services
- An online banking customer has the option to apply to or open multiple accounts with the Bank of Queensland
- The customer can order new statements of his account anytime if he is an internet banking customer
Clients of the Bank of Queensland need to remember that there is a maximum limit to the daily package for BPAY and , there is a daily limit to the Multi Payments and Pay Anyone facilities provided by the bank
For People in Business, Bank of Queensland can help in
- Payments file upload
- Access to related account only
- Payment Templates
- Debit Payments directly
- There is option of Authorisation of transaction when multiple users are there
In order to eligible to access your account online, you would require a valid and a unique login id and password. You can logon to their website, login to your account with the sign in id and perform all the financial transactions just by a click. All the transactions performed online are completely safe and secure. There is no chance of your information getting passed to a third party. BOQ provides a security token number to all the customers.
Bank of Queensland Swift Code
Swift code consists of 8 to 11 characters which acts as an identification code and is provided to all the banking institutions operating in the world. With the help of this swift code it becomes very easy to identify and differentiate each bank. It is useful whenever there is a monetary transaction from one bank to the other. The BOQ swift code is QBANAU4BXXX.
Bank of Queensland Term Deposit Rates
BOQ provides term deposits for various needs. With the Premier Investment term deposit program you can choose your own term between 28 days to 5 years anything acceptable to you. It also provides auto roll over facility in order to give the highest returns for you on your deposit amount. The benefit of this term deposit program is that you start of with an investment amount of as little as $1,000. BOQ does not charge any maintained or transaction fee. The Internet banking or the online banking service can be used to check your monthly balance instead of going to the bank personally. The bank also arranges direct payment from your present term deposit account to any other account of another bank.The interest rates varies with the principal and the time period of deposit. Given below is a list of amount deposited and interest rates for time period between 1 month to 5 years:
| Deposit Amount | Term Rates |
| More than $1000 and upto $4999 | 0.30-1.25% |
| More than $5000 and upto $19,999 | 1.20-5.00% |
| More than $20,000-$49,999 | 1.20-5.00% |
| More than $50,000-$99,999 | 1.20-5.00% |
| More than $100,000-$249,999 | 1.20-5.00% |
Current special rates $5000 to $250,000 are mentioned in the below table :-
| S.No | Term | Interest rates |
| 1 | 3 months | 5.80% p.a. |
| 2 | 6 months | 5.90% p.a. |
| 3 | 12 months | 5.30% p.a. |
| 4 | 24 months | 5.50% p.a. |
| 5 | 36 months | 5.60% p.a. |
The interest rates mentioned here are subject to change on a daily basis. So for the current term deposit rates charged by BOQ you can log on to its official website. http://www.boq.com.au/todays_rates_term_deposits.htm
Careers with BOQ
BOQ is one of the fastest growing banks in Queensland and offers a variety of employment opportunities to the citizens of Australia. Interested candidates can either upload their resume on the official website or send it to the bank's concerned department directly. The bank's recruitment program happens twice a year. The current vacant positions available with the bank are for the post of Insurance officer, Marketing service manager, Human resources advisor, Relationship manager, Team leader, Administrative officer, Learning and development consultant, Business analyst and Customer service executive. The bank conducts a round of personal interview before finalizing the candidates. For more on vacancies, careers or recruitment program of the BOQ you can contact the bank directly.
BOQ Credit Cards
Bank of Queensland provides five types of credit cards.
- Low rate visa card
- Blue visa Card
- Gold visa Card
- Platinum visa credit card
- Special Package Cards
You can apply for a BOQ credit card online. All the online applications are safely to sent to the bank's concerned department. You can also find out about your application status by contacting the bank directly. If you need any further information on credit cards you can call on their number 1300 55 72 72. The customer care executives would try and solve all your queries related to credit cards.
Bank of Queensland Home Loans
Whether you want to invest in a new house or occupy the same, BOQ home loans are the ideal solutions to all the housing loan problems. The bank provides flexibility interest rates as well as repayment options. The bank also provides an important tool called the repayment calculator with the help of which you can calculate the estimated repayments to be made per month. In order to apply for a housing loan, you can either contact the bank directly or fill up an application form available at the bank's website. The home loan specialist will contact you after receiving your application and will explain to you all the different types of home loans and their particular interest rates applicable.
Contact Address
Bank of Queensland
GPO Box 898
Brisbane, 4001
For more information on the Bank of Queensland you can visit their official website: http://www.boq.com.au/ .
Last Updated On: 2012/02/13
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