BOQ Specialist bank has become the first bank in Australia to offer an everyday bank account that earns Velocity Frequent Flyer Points.
The BOQ Specialist Everyday Plus account is available exclusively to medical, dental and veterinary professionals.
“The new product is targeted at supporting professionals who are at the front end of their career,” said the bank’s CEO, Dr. Brett Robinson. “During that part of your working life, you are usually investing heavily in yourself, often travelling globally to attend conferences, doing fellowships or locums. The benefits of our Everyday Plus account align perfectly with that stage.”
The BOQ Specialist Everyday Plus account credits clients with one Velocity Point for every AU$10 of daily average balance, calculated at the end of each month.
According to a statement, BOQ Specialist decided to offer the product after getting feedback that many of its clients value travel rewards over more traditional banking rewards such as interest.
In addition to earning Velocity Points, the Everyday Plus account offers 24/7 access to its Client Service Centre and 10 free ATM withdrawals from any major bank a month. Clients can access their Everyday Plus accounts online or on their mobile devices, and BOQ Specialist charges no establishment or account keeping fees.
Clients who open and deposit funds into an Everyday Plus account between 1 August and 30 November 2016 go into the draw for a chance to win one million Velocity Points.