Types of Accounts in QBANK
QBANK offers different bank accounts, including Savings Accounts, Transaction Accounts, Term Deposit Accounts, and Retirement Accounts, to cater to the varying financial requirements of a broad customer base.
Transaction Accounts
QBANK offers three types of bank accounts in this category. These are:
Everyday Plus Account
A transaction account that contributes to the community. QBANK pays 10 cents to organisations and charity members with an active Everyday Plus Account every month.
Features:
- Fees for monthly accounts are eliminated for deposits of $1,500 per month.
- Availability of Google PayTM and Apple PayTM.
- Osko and PayID access for instant payments
On Call Account
The On Call account was created to aid in money management. You have several flexible options for accessing your money from this account whenever necessary.
Features:
- With the CueCard option, there are no monthly account fees.
- There is no required down payment
- Availability of Google PayTM and Apple PayTM.
- Osko and PayID access for instant payments
Teen On Call Account
This account is only available to teenagers between 13 and 17. You can enjoy life's fun aspects without paying a monthly account fee, making a minimum deposit, or maintaining an opening amount.
Features
- Free of monthly account fees
- No opening balance or minimum deposit
- Osko and PayID instant payments
Saving Account
QBANK offers three types of bank accounts in this category. These are:
NetLink Direct
It can be easy to save money to achieve your financial objectives. With the NetLink Direct Savings account from QBANK, you have the choice and flexibility to save while earning interest. Account access by phone, app, or online banking.
Features
- With no transaction costs
- Free of monthly account fees
- Internet transfers are unlimited and free.
Teen NetLink Direct
Set aside paychecks and pocket money. Now you can watch savings grow while earning your interest grow without monthly account fees, minimum deposits, or opening balance requirements. The adolescent opens the account and manages it. For even more control and supervision, the kid can grant a parent or other adult guardian access to the account. The account can be accessed by phone, app, or online banking.
Features
- Free of monthly account fees
- With no transaction costs
Junior Saver
A premium account for parents having children aged 12 years and under. It offers a fantastic opportunity to save for your child's future and impart practical money management skills because there are no transaction and monthly account fees. Money can be accessed in branch locations, using the QBANK App, or online banking.
Features
- With no transaction costs
- Free of monthly account fees
- No opening balance or minimum deposit
- Parents/guardians can access the account in place of their child
Bonus Saver
Allow QBANK to reward you for your savings. To assist you in achieving your savings objectives more quickly, The Bonus Saver Account gives bonus interest. For the benefit of the bonus interest rate, a member must make a minimum deposit of $200 and avoid withdrawals.
Features
- Higher interest rates
- Free of monthly account fees
- Daily interest calculations and monthly payments
Christmas Club
Invest in a QBANK Christmas Club Savings account to save for the holiday season. This kind of preparation is practical and satisfying.
Features
- There is no initial balance deposit requirement.
- Free use of funds from November 1 through December 31 of each year.
Term Deposit Accounts
Term deposit accounts offer a prominent way to safely and securely increase your money. A fixed rate of return offers you the security of knowing your investment's value at all times. QBANK interest rates on term deposits help achieve financial objectives in less time through higher returns.
Features
- Investing terms range from three months to five years.
- Choosing when you receive your returns: every two weeks, every month, once a year, or at maturity
- Free of monthly account fees
- Daily interest calculation
Retirement Account
To make retirement life easier for retired individuals, QBANK offers a Pension Plus account.
Pension Plus
An account that combines savings and transactions with easy access and no monthly charges for retirees and pensioners over 55. Get easy access to your savings and a transaction account with a Visa Debit card. This account is only available to retirees at least 55 years old and possesses an eligible pension card. There are no monthly fees, opening balance or minimum deposit requirements.