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Bank of Queensland Bank Accounts

The Bank of Queensland (BOQ) was established in 1984 and now holds rankings in Australia’s top 150 listed companies. Its initial operations extend back to 1874 where the bank first operated as the Brisbane Permanent Benefit Building and Investment Society before undergoing a series of merges and restructuring to form Bank of Queensland as it is known today. From its humble beginnings in Queensland the Bank of Queensland has developed rapidly and now has more than 200 branches operating throughout every Australian state and territory. The Bank has received numerous awards over the past ten years. It was presented the winner of the Choice Regional Bank of the Year award in 2000, and most recently the 2003 and 2004 Best Regional Bank by the Banking and Finance Industry. Their awards emphasise the Bank of Queensland’s continuing dedication to innovation and customer service standards.

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FAQs

Opening a bank account in Australia is usually a straightforward process. Some banks give you the option of opening an account online, while others require you to visit a branch.

Different bank accounts offer different features, so it’s best to compare your options to find one that suits you.

All banks require you to pass an identity check to open a bank account. Australia uses the 100-point identification system, which means you’ll need to show a number of forms of ID that, together, add up to 100 points.

Common ID types include a driver’s licence, passport, Australian visa in a foreign passport, and Australian Medicare card. You’ll find out what types of ID are accepted when you go through the sign-up process online or at a branch.

Once your account is open, you’ll be given or sent a debit card that you can use to make purchases and withdraw money from your account.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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