Bank Of Queensland Online Banking Login BOQ | Bank Of Queensland Credit cards
Bank of Queensland is one of the oldest financial institutions in Queensland. Head office in Brisbane, Queensland.
Bank of Queensland is an Australian retail bank branded as (BOQ), founded in the year 1874 in BOQ Village, 100 Skyring. Bank of Queensland being a public liability company, traded on ASX: BOQ.
Bank of Queensland now has branches throughout Australia with a network of 252 branches, including 78 corporate branches and 166 “owner-managed” branches, following the Home Building Society and Pioneer mergers.
The bank also has over 3,055 ATMs including rediATMs, 1,903 employees, a net income of A$260.5 million, A$43.027 billion as a total asset, total equity of A$3.3405 billion, and the key officers are Roger Davis as Chairman and Jon Sutton the chief executive officers.
History Bank Of Queensland
Before the advent of what we know today as bank of Queensland, Brisbane Permanent Benefit Building and Investment Society was established as the first permanent building society formed in Queensland In the year 1874.
The Society became a corporation in 1887. The company amalgamated with City and Suburban Building Society in 1921.
A decade later, the company amalgamated with Queensland Deposit Bank.
However, in 1942 the company was licensed to operate as a trading bank. Before this time, the company was functioning as a building society and as a savings bank.
The name of the company was changed in the year 1970 to a bank of Queensland, which led to the computerization of its operations.
This lead the bank to become a public company in 1971 and was listed on the Australian stock exchange. In 1982, the bank incorporated Bank of Queensland Savings Bank as a wholly owned subsidiary.
In 1991 BOQ acquired Stowe Electronic Switching Pty Ltd and renamed it Queensland Electronic Switching Pty Ltd.
Mergers And Acquisition
BOQ opened branches in New South Wales, Victoria, and the Australian Capital Territory 2004. The following year BOQ acquired the $78 million debtor finance division of ORIX Australia.
Bank of Queensland merged with Western Australia-based Home Building Society, the Mackay Permanent Building Society and the Queensland-based Pioneer Permanent Building Society in 2007.
Before then, the bank had acquired Queensland-based Pioneer Permanent Building Society, opened branches in the Northern Territory and Western Australia, in 2006.
In 2009, Citi purchased lending rights on Bank of Queensland, Suncorp, Virgin Money and borrowing wholesale deal in a credit card lending acquisition bailout.
In 2010, BOQ joined the rediATM network and purchased St Andrew’s Insurance. It also acquired the Australian and New Zealand divisions of CIT Group Inc., a supplier of vendor finance to small businesses and middle market companies. In 2011.
In 2013 BOQ bought Virgin Money Australia for $40 million. Under the deal, Virgin now has a seat on the BOQ board.
BOQ has rights to the Virgin Money name in Australia for four decades while paying royalties to the Virgin Group,
As one of the oldest banks in Australia-precisely Queensland, bank of Queensland had been in the business of providing financial services to its customers in the areas of;
- Consumer banking
- Commercial banking
- Finance and insurance
- Mortgage loans And
- Credit cards
Bank of Queensland over the years has grown big alongside its customers, that there is the need for the division to enhance services and productivity. The following are the various divisions of Bank of Queensland:
- Retail Banking
- BOQ Finance
- BOQ Specialist
- St Andrew’s Insurance
- Virgin money Australia.
Bank of Queensland provides its customers with three kinds of credit cards, which include a low rate card, a rewards card, and a platinum card.
The BOQ low rate card is like any other typical low rate card, where you have to pay a low ongoing interest rate on purchases.
It comes with an introductory 0% p.a. balance transfer rate that stays in place for 12 months. By paying your account’s outstanding balance in full each month you can make use of as many as 55 interest-free days on purchases.
With a platinum card, you can expect more in terms of features, but also expect to pay a higher annual fee and interest rate.
The BOQ Platinum Visa card comes linked to the Q Rewards Program, and you get to earn 2 reward points for every dollar spent on eligible purchases.
This card offers complimentary international travel insurance, extended warranty insurance, and access to around-the-clock concierge service.
Its 0% p.a. balance transfer rate stays in place for the first 18 months, and you can make use of up to 55 interest-free days on purchases.
The BOQ Blue Visa card falls under this category, giving you the ability to earn reward points as per your spending. Membership to the Q Rewards Program is free, and you earn 1 reward point for every dollar spent on eligible purchases. This card comes with a 0% p.a. balance transfer rate for the first 6 months and it offers up to 44 interest-free days on purchases.