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Everyday Transaction Account vs SpendME

	Everyday Transaction Account (ETA)	SpendME
Age	16 yrs +	14 yrs +
Number of Account Owners	No limit	2
Card Provider	Mastercard Debit Card	Visa Debit Card
Maximum number of products held in sole names	No limit	2
Maximum number of products held in jointly held names	No limit	2
Account Maintenance Fee	X	X
Regular Statement Issued	✓	✓
Statements issued electronically	✓	✓
Statement Frequency	Quarterly after March, June, September and December	Every 6 months from account transition date
Branch Transactions Allowed	X	X
Direct Debits/Credits* *limits may apply	✓	✓
Chequebook	No longer available from 21 February 2024	X
Card Access* *limits may apply	✓	✓
ATM Access* *limits may apply	✓	✓
Internet Banking Access	✓	✓
App Access	✓	✓
Schedule Future Date Recurring Transaction	✓	✓
Coloured Card	✓	✓
Round Up Functionality	X	✓
Product can be opened via mobile app	X	✓
Digital Wallet	✓	✓
Balance Sneak Peek	✓	✓
Transaction Listing > 24 months in the mobile app	✓	✓
Transaction Search in the mobile app	✓	✓
Nickname Accounts	✓	✓
Pay Anyone & BPAY in the mobile app	✓	X
BPAY View	✓	X
Address Book/Contact Integration	X	✓
Update Payment Limits	X	✓
Digital Payments	✓	✓
OSKO Payments	Receive only	Send and receive
Fees
Monthly Account Keeping Fee	$0	$0
Overdrawn Fee	$0	$0
Transactions
Failed Transaction Dispute Fee	$0	$0
BPAY Error Correction Fee	$0	$30
Trace Fee	$15	$20
BPAY, Pay Someone, Card Transactions	$0	$0
International Transactions charged by ME
International Balance Enquiry	$0	$0
Currency Conversion Fee	2.30%	0%
International ATM Withdrawal Fee	$4	$0
Bank@Post
Cash Withdrawal	$0	Not yet available
Cash or Cheque Deposit	$0	Not yet available
Balance Enquiry	$0	Not yet available
Cheques
Bank Cheque	$6	$10
Cheque Dishonour Fee	$0	N/A
Statements
Paper Statement Postage Fee – International where applicable	$5	$5
Manual Statement Fee (email and where applicable)	$5	$10
Other
Request to Change Colour of Card	$0	$10
Emergency Replacement Card Fee - Domestic	$0	$15
Emergency Replacement Card - International	$0	$75
Direct Debit Dishonour Fee	$0	$0
Cash and Cheque Deposit	✓	Not yet available
Domestic ATM Fee Rebate	✓	Fee free at all BOQ Branch ATMs. Commonwealth Bank, NAB, ANZ and Westpac ATMs.

InterestME Savings Account vs SpendME

	InterestME Savings Account (IMSA)	SpendME
Age	16 yrs +	14 yrs +
No. Account Owners	No limit	2
Card Provider	X	Visa Debit Card
Maximum number of products held in sole names	13	2
Maximum number of products held in jointly held names	13	2
Account Maintenance Fee	X	X
Regular Statement Issued	✓	✓
Statements issued electronically	✓	✓
Statement Frequency	Quarterly after March, June, September and December	Every 6 months from account transition date
Branch Transactions Allowed	X	X
Direct Debits/Credits	✓	✓
Chequebook	This will no longer be available from 21 February 2024	X
Card Access* *limits may apply	✓	✓
ATM Access* *limits may apply	✓	✓
Internet Banking Access	✓	✓
App Access	✓	✓
Schedule Future Date Recurring Transaction	✓	✓
Coloured Card	✓	✓
Round Up Functionality	X	✓
Product can be opened via the mobile app	X	✓
Digital Wallet	✓	✓
Balance Sneak Peek	✓	✓
Transaction Listing > 24 months in the mobile app for transitioning customers	✓	✓
Transaction Search in the mobile app	✓	✓
Nickname Accounts	✓	✓
Pay Anyone & BPAY in the mobile app	✓	X
BPAY View	✓	X
Address Book/Contact Integration	X	✓
Update Payment Limits	X	✓
Digital Payments	✓	✓
OSKO Payments	Receive only	Send and receive
Fees
Monthly Account Keeping Fee	$0	$0
Overdrawn Fee	$0	$0
Transactions
Failed Transaction Dispute Fee	$0	$0
BPAY Error Correction Fee	$0	$30
Trace Fee	$15	$20
BPAY, Pay Someone, Card Transactions	$0	$0
International Transactions charged by ME
International Balance Enquiry	$0	$0
Currency Conversion Fee	2.30%	0%
International ATM Withdrawal Fee	$4	$0
Bank@Post
Cash Withdrawal	$0	Not yet available
Cash or Cheque Deposit	$0	Not yet available
Balance Enquiry	$0	Not yet available
Cheques
Bank Cheque	$6	$10
Cheque Dishonour Fee	$0	$0
Statements
Paper Statement Fee - Domestic	X	$0
Paper Statement Fee - International	X	$5
Manual Statement Fee	$5	$10
Other
Request to Change Colour of Card	$0	$10
Emergency Replacement Card Fee - Domestic	$0	$15
Emergency Replacement Card - International	$0	$75
Direct Debit Dishonour Fee	$0	$0
Cash and Cheque Deposit	✓	Not yet available
Domestic ATM Fee Rebate	✓	Fee free at all BOQ Branch ATMs. Commonwealth Bank, NAB, ANZ and Westpac ATMs.
IMSA Transaction Counter Fee	First 15 transactions for month $0 Each transaction over the monthly free limit $1	X

Online Savings Account vs SaveME

	Online Savings Account (OSA)	SaveME
Age	You must be at least 16 years of age if you opened an account on or after 27/04/2022. If you opened an account before 27/04/2022 you must be at least 12 years old.	14 yrs +
Number of Account Owners	No Limit	2
Maximum number of products held in sole names	No Limit	9
Maximum number of products held in jointly held names	No Limit	9
Linked Transaction Account Required	✓	✓
Interest Bearing	✓	✓
Interest Calculation Method	Tiered and paid on the last day of the month	Tiered and paid on the first day next month
Interest Calculation Frequency	Daily	Daily
Bonus Interest when criteria met	✓	✓
Bonus interest criteria	Four settled tap & go™ purchases in calendar month with your ETA debit Mastercard® when your OSA(s) and ETA(s) are in the same name (sole name accounts) or names (joint name accounts)	4 settled Visa debit card transactions in calendar month on any SpendME account when your SaveME and SpendME accounts are in the same name (sole name accounts) or names (joint name accounts). This enables eligibility to earn bonus interest in the next calendar month with bonus interest paid on the 1st day of the following month
Interest Tier 1	$0 - $250,000	$0 - $500,000
Interest Tier 2	>$250,000	>$500,000
Base Interest Rate	0.05% (Tier 1 & Tier 2)	0.05% (Tier 1 & Tier 2)
Bonus Interest Rate (tier 1)	4.25%	4.25%
Bonus interest rate (tier 2)	0.05%	0.05%
Interest Credited Monthly	✓	✓
Regular Statement Issued	✓	✓
Statements issued electronically	✓	✓
Statement Frequency	Every 6 months on account anniversary date	Every 6 months on account transition date
Internet Banking Access	✓	X
Mobile App Access	✓	✓
Product can be opened via the mobile app	X	✓
Balance Sneak Peek	✓	✓
Transaction Listing > 24 months in the mobile app for transitioning customers	✓	✓
Transaction Search in the mobile app	✓	✓
Nickname Accounts	✓	✓
Address Book/Contact Integration	X	✓
Round Up Functionality	X	✓
Transfer Orders	✓	X
Fees
Monthly Account Keeping Fee	$0	$0
Transactions
BPAY Error Correction Fee	$0	$30
Trace Fee	$15	$20
Statements
Paper Statement Fee - Domestic	$0	X
Paper Statement Fee - International	N/A	$5
Manual Statement Fee	$5	$10

Good things coming to BF.Go.

Here's a little peek at some of the new features you will get once your accounts are available to use on the new BF.Go app/internet banking.

New OSKO and PayID instant payments to and from BF.Go.
No international transaction or currency conversion fees when you use your Visa Debit Card.
New spend, budgeting, and bill tracking mobile app features.

Learn more about the BF.Go app

Product Guides.

Compare products.

Everyday Transaction Account vs SpendME

InterestME Savings Account vs SpendME

Online Savings Account vs SaveME

Good things coming to BF.Go.