BoQ launches fee-free bank account

An increasing number of financial institutions are getting rid of monthly administration charges along with overdrawn balance and other exception fees.

The latest into the market is Bank of Queensland, which has launched the Day2Day Plus account – a transaction account with no monthly fees, free unlimited transactions and access to 3500 ATMs through the bank's link with the rediATM network.

Bank of Queensland will issue up to four Visa debit cards with the account. The bank has 271 branches – 120 of them outside Queensland.

Source: The Age