Business Banking Factsheet

General Details
Institution
Product Name Business Performance Saver (1.60% includes Bonus interest variable rate + variable base rate when bonus criteria met)
Account Type Online
Other Account Access Internet,Statement
Minimum Opening Amount $0.00
Minimum Balance $0.00
Interest Rates
Interest Calculated Daily
Interest Paid M
Balance Under $1,000 0.25
Balance Over $1,000 0.25
Balance Over $2,000 0.25
Balance Over $5,000 0.25
Balance Over $10,000 0.25
Balance Over $20,000 0.25
Balance Over $50,000 0.25
Balance Over $100,000 0.25
Balance Over $250,000 0.25
Balance Over $500,000 0.00
Balance Over $1,000,000 0.00
Bonus Interest 1.35
Bonus Interest Notes A Bonus Interest variable rate will only be paid if Bonus Criteria are met in the previous month. Bonus Criteria will be met where both the following conditions are met: 1. a minimum of $5,000 is credited to the linked Everyday Business Account in the prior calendar month. This excludes amounts transferred from another one of your BOQ Accounts including any Account you may be linked to as an Authorised User or joint Account holder; AND 2. at least 5 direct debit transactions, ATM withdrawals or purchases of goods or services from a Merchant are made in the prior calendar month by using your eftpos Card or BOQ Visa Debit Card associated with your linked Everyday Business Account. This does not include cheques written or deposited, branch cash withdrawals, transfers or payments to any BOQ account or to a non-BOQ account via Internet Banking, in branch or at ATMs, transfer of funds to accounts held at an overseas bank, BPAY payments and pending Visa Debit Card transactions. Transactions that are not settled (are pending) do not count towards the Bonus Criteria. If a transaction is made but settles in the following calendar month then the transaction will be counted in the following calendar month. The variable Base Rate applies to balances over $500,000. The variable Base Rate always applies in the first month after opening an account. In the first month, Bonus Criteria on the transaction account is measured from the time the Business Performance Saver Account is opened, not the full calendar month even if the transaction account was already existing. Interest is calculated on a stepped basis and paid monthly on the first day of the following month. If Bonus Criteria conditions are not met the variable Base Rate only will apply. The Business Performance Saver cannot be opened as a Controlled Money Account, Solicitors Investment Trust Account or Real Estate/Agents Investment Trust Account. Business Performance Saver Accounts are limited to one per entity.
Account Features
Step Account
Daily ATM Withdrawal Limit
Free Electronic Transactions per Month
FreeOverCounterTransPerMonth
Fee Rebate
Rebate Calculation
Overseas ATM Facilities Cirrus
Fees
Fee per Month $0.00
Counter Deposit Fee $0.00
Counter Withdrawal Fee $0.00
Staff Assisted Transaction Fee $0.00
ATM Balance Fee -
ATM Fee $0.00
Other Bank ATM Fee -
ATM Mini Transaction History Fee $0.00
EFTPOS Fee -
EFTPOS Fee (Other Bank)
Overseas EFTPOS Fee -
Overseas ATM Withdrawal Fee -
Overseas ATM Balance Fee -
Direct Credit Fee $0.00
Direct Debit Fee $0.00
Internet Fee $0.00
Phone Fee $0.00
Debit Card Replacement Fee $0.00
Debit Item Dishonour Fee $0.00

Business Banking Factsheet

Institution
Product Name
Business Performance Saver (1.60% includes Bonus interest variable rate + variable base rate when bonus criteria met)
Account Type
Online
Other Account Access
Internet,Statement
Minimum Opening Amount
$0.00
Minimum Balance
$0.00
Interest Calculated
Daily
Interest Paid
M
Balance Under $1,000
0.25
Balance Over $1,000
0.25
Balance Over $2,000
0.25
Balance Over $5,000
0.25
Balance Over $10,000
0.25
Balance Over $20,000
0.25
Balance Over $50,000
0.25
Balance Over $100,000
0.25
Balance Over $250,000
0.25
Balance Over $500,000
0.00
Balance Over $1,000,000
0.00
Bonus Interest
1.35
Bonus Interest Notes
A Bonus Interest variable rate will only be paid if Bonus Criteria are met in the previous month. Bonus Criteria will be met where both the following conditions are met: 1. a minimum of $5,000 is credited to the linked Everyday Business Account in the prior calendar month. This excludes amounts transferred from another one of your BOQ Accounts including any Account you may be linked to as an Authorised User or joint Account holder; AND 2. at least 5 direct debit transactions, ATM withdrawals or purchases of goods or services from a Merchant are made in the prior calendar month by using your eftpos Card or BOQ Visa Debit Card associated with your linked Everyday Business Account. This does not include cheques written or deposited, branch cash withdrawals, transfers or payments to any BOQ account or to a non-BOQ account via Internet Banking, in branch or at ATMs, transfer of funds to accounts held at an overseas bank, BPAY payments and pending Visa Debit Card transactions. Transactions that are not settled (are pending) do not count towards the Bonus Criteria. If a transaction is made but settles in the following calendar month then the transaction will be counted in the following calendar month. The variable Base Rate applies to balances over $500,000. The variable Base Rate always applies in the first month after opening an account. In the first month, Bonus Criteria on the transaction account is measured from the time the Business Performance Saver Account is opened, not the full calendar month even if the transaction account was already existing. Interest is calculated on a stepped basis and paid monthly on the first day of the following month. If Bonus Criteria conditions are not met the variable Base Rate only will apply. The Business Performance Saver cannot be opened as a Controlled Money Account, Solicitors Investment Trust Account or Real Estate/Agents Investment Trust Account. Business Performance Saver Accounts are limited to one per entity.
Step Account