Everyday Plus account with Velocity Points

The first transactional account in Australia to reward you with Velocity Points.

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

When you become a BOQ Specialist client you will be matched with a dedicated financial specialist who can assist with all of your personal and business banking needs. 

You will also benefit from onshore support with our Client Service Centre 24 hours a day, 7 days a week.




Everyday Plus account features:

  • Earn 1 Velocity Point for every $10 of daily average balance in your account, calculated at the end of each month
  • No establishment or account keeping fees
  • Visa debit card with payWave functionality
  • 10 free ATM withdrawals per month at all major bank ATMs Australia-wide
  • Access your money whenever and where ever you like, through online banking and the BOQ Specialist mobile app
  • Savings up to $250 0000 are covered by the Government's Deposit Guarantee
  • Exclusively available to doctors, dentist and vets
  • Plus, earn 1000 bonus Velocity Points each month you deposit $2,000 (e.g. your salary) for up to 6 months from account opening


How are Velocity Points earned on the Everyday Plus account?

You will earn 1 Velocity Point for every whole amount of $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 the month. 





Daily closing balance

Days at this balance

1 June

Opening balance




3 June

Deposit received

+ $2 000

$2 000


5 June

Deposit received


$2 400


8 June

Debit card transaction

- $27

$2 373


10 June

Salary paid into account

+ $7 700

$10 073 


25 June

Transfer out

- $125

$9 948


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

Velocity 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 Velocity Frequent Flyer Points will be awarded for the month of June.


Applying online is easy and only takes 5 minutes

Step 1: Select “Apply Now

Step 2: Have your identification on hand (drivers licence, passport, Medicare card or birth certificate)

Step 3: Enter your details and provide your ID

Step 4: Get a confirmation email when we receive your application


Earn more Velocity Points with a BOQ Specialist credit card

BOQ Specialist has partnered with Velocity Frequent Flyer to give you two BOQ Specialist credit card options with a host of great benefits.

Our Platinum card earns:

1 Velocity Point for every $2 spent on eligible purchases in Australia

Our Signature card earns:

1 Velocity Point for every $1 spent on eligible purchases in Australia up to 10 000 points per month and 0.625 points per $1 thereafter

Plus, use the Signature credit card 10 times in the first two months and you'll earn 20 000 bonus Velocity Points.*


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.

*10 free ATM transactions per month per account at BOQ, Commonwealth, Westpac, St George, NAB and ANZ branded ATMs.

^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.