Sydney, 2 August 2016
BOQ Specialist today became the first bank in Australia to offer an everyday bank account that earns Velocity Frequent Flyer Points.
The BOQ Specialist Everyday Plus account is available exclusively to medical, dental and veterinary professionals.
“The new product is targeted at supporting professionals who are at the front end of their career,” said the bank’s CEO, Dr Brett Robinson. “During that part of your working life, you are usually investing heavily in yourself, often travelling globally to attend conferences, doing fellowships or locums. The benefits of our Everyday Plus account align perfectly with that stage.”
The BOQ Specialist Everyday Plus account rewards clients with one Velocity Point for every $10 of daily average balance, calculated at the end of each month.
A client who maintains a daily average balance of $20 000 could earn enough Velocity Points in a year to take them from Sydney to Auckland. BOQ Specialist decided to offer the product after getting feedback that many of its clients value travel rewards over more traditional banking rewards such as interest. “
We spend a lot of time understanding what it’s like to be a doctor, dentist or vet,” said Dr Robinson. “That’s at the heart of our 25 years’ of experience of delivering into that market.”
In addition to earning Velocity Points, the Everyday Plus account offers clients round-the-clock access to its Client Service Centre and unlimited free ATM withdrawals at any BOQ branded ATM's as well as the four major banks. Clients can access their Everyday Plus accounts online or on their mobile devices, and BOQ Specialist charges no establishment or account keeping fees.
Dr Robinson added that the partnership with Velocity was a natural fit. “Velocity has long been a great partner of ours. They’re dynamic, and they understand that our specialist culture is one of innovation, thinking outside the box and staying very close to our clients.”
“We see this as another example of being flexible and doing something quickly. Velocity’s brand, its connectivity and range of benefits are well suited to our clients.”
Clients who open and deposit funds into an Everyday Plus account between 1 August and 30 November 2016 will also go into the draw for a chance to win one million Velocity Points. For further information and competition terms click here.
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The issuer of these products and services is BOQ Specialist - a division of Bank of Queensland Limited ABN 32 009 656 740 AFSL no. 244616 (“BOQ Specialist”). Terms and conditions, fees and charges and eligibility criteria apply. BOQ Specialist is not offering financial, tax or legal advice. You should obtain independent financial, tax and legal advice as appropriate. You should obtain and consider the relevant terms and conditions here before making any decision about whether to acquire the product. We reserve the right to cease offering these products at any time without notice.
* Free ATM withdrawals at BOQ branded ATM’s as well as the four major banks Australia wide
^To earn and redeem Velocity Points you must be a Velocity member. Velocity membership and Points earn and redemption are subject to the Member Terms and Conditions, available at velocityfrequentflyer.com, as amended from time to time.