The Finance Algorithm
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One Account

The One Account is a unique transaction account that pays a competitive rate of interest on credit balances as well as giving you access to an optional overdraft facility. There are no ongoing monthly fees and we don't require you to maintain a minimum balance

Savings & transaction accountsBank updated 16 Mar 2026
Apply at BOQ Specialist ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate
0.10%

How it compares

This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This account: 0.10%Every other institution's highest, 60 in all

Paid whatever you deposit or spend. One dot per institution, at its highest savings rate with no bonus conditions anyone can apply for; hover or tap a dot for its name.

RateThis accountBest anywhereTypical institutionWhere it sits
No bonus conditionsPaid whatever you deposit or spend0.10%4.80%MoveBank's Online Saver2.25%of 61 institutions51st highest of 61, level with 4 others

Rates

The one rate BOQ Specialist publishes for this account.

TypeApplies toTermBandRateComparisonConditions
VariableInterest paid monthly---0.10%-paid every 1 mo

Fees

20 fees published, grouped by when they're charged.

When you take it out1

  • Optional Overdraft Facility Application Fee

    If your Overdraft is approved and established, the Application Fee will be debited from your Account BOQ Specialist Student Banking Package BOQS Staff discount

    $495

When you make a transaction7

  • Direct Debit Fee
    No fee
  • Foreign Currency Conversion Fee

    Payable when you make a transaction on your card account in a currency other than Australian dollars, or you make a transaction on your card account in any currency (including AUD) that is processed…

    2.95% of transaction
  • Transaction Fee (international)

    Payable when you transfer money to a Beneficiary with a bank account held at an overseas financial institution or Foreign Currency transfer to an australian financial institution.

    $30
  • Transaction Fee (overnight)
    No fee
  • Transaction Fee Real Time Gross Settlement (RTGS) - which is a same day payment request

    Payable for each Real Time Gross Settlement (RTGS) transaction

    $30
  • ATM transactions per activity
    Varies
  • Foreign ATM Fee

    Charged for each transaction at an ATM outside of Australia.

    $5

If a payment is late or fails1

  • Dishonour Fee

    Charged if there are insufficient cleared funds available to cover the value of a direct debit being processed

    $45

When particular things happen11

  • Duplicate and Interim Statement Fee

    Charged for each Duplicate and Interim statement issued

    $5
  • Bank Audit Certificate

    Charged for each Bank Audit Certificate issued as part of an audit request

    $30
  • Bank Cheque Fee

    Charged for issuing a bank cheque

    $10
  • Express card delivery

    Priority handling cost for replacement Card

    $40
  • Express PIN delivery

    Priority handling cost for replacement PIN

    $30
  • Overdrawn Account Fee

    Charged if we honour a transaction that overdraws your account

    $15
  • Trace Fee

    Charged for each request to perform a trace on any transaction type

    $20
  • Voucher Retrieval Fee

    Payable for each voucher retrieval you request BOQ Specialist to obtain from a relevant merchant.

    $10
  • GCAS emergency card replacement Fee

    Payable and deducted from your card account on issuance of a replacement card outside Australia.

    $175
  • Online Banking Security credential
    No fee
  • Replacement of Online Banking security credential

    Charged for each replacement Online Banking security credential issued

    $50

Features

Digital bankingUnlimited transactionsOverdraftGoogle PayApple Pay
  • 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
  • Ability to deposit funds over-the-counter at any BOQ or ANZ branch Australia-wide
  • Earn a savings rate of interest on your everyday account balance

Eligibility and limits

  • Minimum age 16
  • Residency: Resident or Citizen
  • Available to individuals
  • Product is offered to medical, dental, veterinary & accounting professionals only

Published by BOQ Specialist under the Consumer Data Right, last changed by them on 16 Mar 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.