Everyday Plus account student offer

5 000 Qantas Points for students


Open a new Everyday Plus account# and use your debit card 10 times on eligible transactions in the first 90 days of opening your account to earn 5 000 bonus Qantas Points^

There are no establishment or account keeping fees and you can redeem your Qantas Points for flights, holidays and more.

Account features:

  • Earn 1 Qantas Point for every $10 of daily average balance in your account, calculated at the end of each month*
  • No establishment or account keeping fees
  • Free ATM withdrawals at BOQ branded ATM’s as well as the four major banks Australia wide
  • Access your money whenever and wherever you like, through online banking and mobile app
  • 24/7 access to our Client Service Centre

 

How it works

  • How are Points earned on the Everyday Plus account?

    You will earn 1 Qantas Point for every whole $10 making up the average daily balance calculated at the end of each calendar month. To determine the average daily balance for your account, add the closing balance from each day in the month together, and then divide the total by the number of days in that month. 

    Example:

    Date

    Event

    Amount

    Daily closing balance

    Days at this balance

    1 June

    Opening balance

    $0

    $0

    2

    3 June

    Deposit received

    + $2 000

    $2 000

    2

    5 June

    Deposit received

    +$400

    $2 400

    3

    8 June

    Debit card transaction

    - $27

    $2 373

    2

    10 June

    Salary paid into account

    + $7 700

    $10 073 

    15

    25 June

    Transfer out

    - $125

    $9 948

    6

    30 June

    Month end

     

    $9 948

     

     

    To calculate your average daily balance:

    1) Add together the closing balance for each day in the month:

    $0 x 2 for the first 2 days of the month before the first deposit was made = 0
    + $2 000 x 2 for the 2 days between the first and second deposit = 4 000
    + $2 400 x 3 for the 3 days where the balance was $2 400 = $7 200
    + $2 373 x 2 for the 2 days between the transaction and salary deposit = $4 746
    + $10 073 x 15 for the 15 days between the salary and the next transaction = $151 095
    + $9 948 x 6 for the final 6 days of the month =  $59 688
    ___________________
    = $226 729

    2) Divide the total by the number of days in the month (30 in this example using June)

    $226 729 / 30
    = a daily average balance of $7 557.63

    Reward points are awarded on whole amounts of $10, so in this example the average monthly balance contains 755 whole amounts of $10 being $7 550. No points accrue on the $7.63 remainder. Therefore 755 reward points will be awarded for the month of June.

     

 

 

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  • Important Information

      The issuer and credit provider of these products and services is BOQ Specialist. Terms and conditions, fees and charges and lending and eligibility criteria apply. You should obtain and consider the product terms and conditions before making any decision about whether to acquire the products. We reserve the right to cease offering these products at any time without notice.

      Any information is of a general nature only. We have not taken into account your objectives, financial situation, or needs when preparing it. Before acting on this information you should consider if it is appropriate for your situation. BOQ Specialist is not offering financial, tax or legal advice. You should obtain independent financial, tax and legal advice as appropriate.

      Everyday Plus student offer | BOQ Specialist

      #Everyday Plus Account
      You must be a member of the Qantas Frequent Flyer program to earn and redeem Qantas Points. Membership and Qantas Points is subject to the Member Terms and Conditions. Points will be earned on positive account balances in accordance with the BOQ Specialist Everyday Plus Qantas Rewards Program Terms and Conditions. To determine the average daily balance for your account, add the closing balance from each day in the month together, and then divide the total by the number of days in the month.

       

      ^ To be eligible for the 5,000 bonus Qantas Points offer, you must be a full time student enrolled in a medical, dental or veterinary degree at a recognised Australian University and apply for a new Everyday Plus Account, be approved and make 10 eligible transactions within 90 days of opening your account. Eligible transactions are goods or services from merchants accepting a BOQ Specialist Debit or Credit Card (including GST) or a transaction deemed by BOQ Specialist to be an eligible transaction. The bonus Points offer is not available in conjunction with any other offer. Qantas Points will be credited to the qualifying member account within two months of the tenth eligible transaction.

      * To determine the average daily balance for your account, add the closing balance from each day in the month together, and then divide the total by the number of days in the month.