The best part about the Bank of Queensland Day2Day Plus Account is that it will cost you absolutely nothing to own and maintain as there are no account keeping fees.
There's also unlimited free transactions over the internet, phone or from the nearest Bank of Queensland branch. You'll also get free withdrawals from Bank of Queensland and Redi ATM networks, so you should never have to wander far to withdrawal cash. Even then, with a Visa debit card connected to the account you should be able to pay by card for purchases anywhere where Visa is accepted.
Just remember that there is a $1000 per day ATM withdrawal limit that could leave you with a challenge if you unexpectedly need to spend up big but you can always visit a branch to withdraw extra cash if you need.
Speaking of going over the limit, the Bank of Queensland Day2Day Plus Account comes with a personal overdraft facility if you find yourself in need of extra funds but you will need to assessed for eligibility to get this feature.
You can use your BoQ ATM debit card overseas but you will pay a 3.00% foreign exchange commission and every time you use an ATM while you're overseas it will cost you $5.
Who it's good for:
Anyone looking for a convenient bank account that covers all their day-to-day banking needs. As there are no over the counter withdrawal fees with this account it would also be highly suitable for anyone who likes to do their banking in branch rather than online or via ATMs.
Like most everyday transaction accounts you won't be earning any interest on your money with the BoQ Day2Day plus so it is best to keep the majority of your cash in a high interest savings account and use internet banking to transfer it across as you need.
There is a $3 fee for Bank@Post withdrawals from this account so its best to withdraw cash from BoQ or rediATMs or when you are out doing your shopping.