Everyday Plus account student offer

5 000 points to get you heading in the right direction

Our Everyday Plus transactional account gives you the choice to earn either Qantas Points or Velocity Frequent Flyer Points on your daily transaction account balances. We'll help point you in the right direction when you open an Everyday Plus account, by giving you 5 000 bonus Qantas Points or Velocity Frequent Flyer Points. Simply use your debit card 10 times on eligible purchases in the first three months of opening your account.#

Account features:
  • Earn 1 Qantas Point1 or 1 Velocity Frequent Flyer Point2 for every $10 of daily average balance in your account, calculated at the end of each month3
  • No establishment or ongoing account keeping fees
  • Easy access to your account via online banking and our mobile app
  • Visa debit card with Apple Pay4 and Google Pay5 so you can enjoy an easy, fast and secure way to pay with the devices you use everyday
  • A dedicated financial specialist and access to our Client Service Centre - available 24 hours a day, 7 days a week

 

Apply online

 

How it works

  • How are Points earned on the Everyday Plus account?

    You will earn 1 Qantas Point or 1 Velocity Frequent Flyer 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.

      * Eligible to full time medical, dental and veterinary students studying at an Eligible Australian University. Conditions, criteria and fees apply.

      # To be eligible for the 5 000 bonus Qantas Points or Velocity Frequent Flyer Points offer, you must apply, be approved and make 10 eligible purchases within 90 days of opening your account. Qantas Points and Velocity Frequent Flyer Points will be credited to the qualifying member account within two months of the tenth eligible purchase. The bonus points offer is available to new Everyday Plus account holders and is not available in conjunction with any other offer.

      1. You must be a member of the Qantas Points program to earn and redeem Qantas Points. Membership and Qantas Points is subject to the Member Terms and Conditions. Qantas Points will be earned on eligible transactions in accordance with the BOQ Specialist Qantas Points Rewards Program Terms and Conditions. See definition of Eligible Transaction in the BOQ Specialist Qantas Points Terms and Conditions.

      2. You must be a member of the Velocity Frequent Flyer Points program to earn and redeem Velocity Frequent Flyer Points. Membership and Velocity Frequent Flyer Points is subject to the Member Terms and Conditions. Velocity Frequent Flyer Points will be earned on eligible transactions in accordance with the BOQ Specialist Velocity Frequent Flyer Points Rewards Program Terms and Conditions. See definition of Eligible Transaction in the BOQ Specialist Velocity Frequent Flyer Points Rewards Program Terms and Conditions.

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

      4. Apple Pay - Apple, the Apple logo and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. Apple Pay and Touch ID are trademarks of Apple Inc. Apply Pay Terms and Conditions are available at https://www.boqspecialist.com.au/important-information/terms-and-conditions-apple-pay.

      5. Google Pay - Android, Google Pay, and the Google Logo are trademarks of Google LLC. Google Pay Terms and Conditions are available at https://www.boqspecialist.com.au/important-information/terms-and-conditions-google-pay.