Distinctive banking for accountants

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1 Distinctive banking for accountants

2 Banking for you Our everyday banking, savings and loans are designed specifically with you in mind. Our specialist expertise means that we have an in-depth understanding of your profession and are willing to back you as an individual. Tailored home loans Our specialist team combines a deep knowledge of the accounting profession, the market and risk management strategies to tailor a home loan. By taking into account your current financial situation, we may lend up to 100% of the purchase price if you re buying your own home or up to 95% for an investment property and, if you re a CPA or CA, we will waive Lenders Mortgage Insurance (LMI). Our variable home loans offer a linked offset transaction account. You can choose from interest-only or principal and interest repayment options and can structure your loan through a Self Managed Super Fund (SMSF), partnership, company or trust entities. No fuss car loans Our experience with accounting professionals means we can auto-approve a car loan of up to $ (subject to lending criteria). We even lend for used cars and private sales. Our financial specialists can help you reduce interest and discuss some of the benefits of using finance leases, hire purchases, chattel mortgages and novated leases and offer flexible repayment terms from six months to five years. You can also use your BOQ Specialist credit card to buy a car 1 as well as make your BOQ Specialist loan repayments and earn Qantas Points 2 or Velocity points 3 at the same time. Premium credit cards Our credit cards come with outstanding benefits including a choice of either the Qantas Frequent Flyer 2 or Velocity Frequent Flyer 3 programs, travel insurance 4 and access to Visa s premium travel and entertainment services. Unlike other banks, there s no cap on how many points you can earn. With our Signature credit card you ll earn 2 points per $1 spent on eligible international purchases, 1 point per $1 spent on eligible purchases in Australia. With our Platinum card you ll earn 1 point per $1 spent on eligible international purchases, 1 point per $2 spent on eligible purchases in Australia. Plus, use your credit card to make purchases for your practice, including equipment and cars and earn points and then roll the expense into a fixed-term contract 5. You can also boost your points by using your card to make repayments on certain BOQ Specialist loans (excluding overdraft and lines of credit). Personal banking quick facts Our variable rate home loans come with an offset transaction account, and we may lend up to 100% without LMI Car finance available on both new and used vehicles Our credit cards come with outstanding rewards and benefits, including the ability to purchase cars and equipment on the card The One Account earns competitive interest on positive balances and comes with an overdraft option We can help boost your super with loan options and term deposits for SMSFs

3 Innovative everyday banking The One Account is a transaction account with full online and mobile functionality for easy management. There is no minimum balance required and no account keeping fees, yet it pays a competitive rate of interest on positive balances and comes with an optional overdraft facility (subject to credit approval). The One Account is available to individuals, businesses and SMSFs. Flexible savings accounts and term deposits Our term deposits range from 30 days to 5 years. We also offer a 32 day Notice Account. If you need more frequent access to your money, the One Account is an interest bearing online transaction account, and the Private Access account gives you daily access to your funds and unlimited withdrawals. All our savings accounts offer competitive interest rates, have no ongoing account keeping fees, and are available to individuals, businesses, trusts and SMSFs. Loans and deposits using your SMSF We offer loan products specifically designed to help SMSFs invest in property. We may lend up to 90% of the purchase price for a commercial property (if the loan is secured against the property) and guaranteed by you and the SMSF trustee. And don t forget our term deposit accounts, which offer competitive interest rates to SMSFs. Partner equity purchase If you are a CPA or CA in a firm with three or more partners, we may lend up to 100% of the amount you need to buy into an existing practice without asking you to use your home or another property as security. We may also lend you up to 100% of the amount you need to increase your share in a practice. Existing partners remain unaffected, as we only take a security interest over your share of the partnership. Foreign exchange expertise We offer savings accounts and fixed term deposits in a range of major foreign currencies that pay competitive market rates for terms from 30 days up to 5 years. Our competitively priced foreign exchange hedging solutions give you the ability to hedge against adverse currency movements whilst providing market leading conversion rates. We give you the ability to make overseas transfers with no minimum value. Experien Insurance Services, our preferred supplier of insurance products, is able to provide insurance that covers both your business and personal needs^

4 Banking for your practice With our specialist experience of working with accounting professionals, we can offer a unique range of products that will help you strengthen and grow your practice. Overdraft facility To help you manage cash flow better, we offer a secured line of credit for your practice and an unsecured line of credit of up to $ per partner to qualifying practices through the BOQ Specialist One Account overdraft facility (subject to credit approval). There are no line fees and you only pay interest on the outstanding balance. Fee purchase Our specialists have a sound understanding of the acquisition process of purchasing fees and will assist in identifying the actual impact of the purchase on your existing practice. Once you re comfortable with the true value of what you are purchasing, we can offer a suite of finance options to help fulfil your ownership or expansion vision without the onerous covenants and conditions you may have come to expect. Specialist property finance Our experience in lending to accountants means we may lend up to 100% of the value to purchase premises and up to 90% if you re buying purely for investment. You can choose interest-only or interest and principal repayment options, and can structure the loan through SMSF, partnership, company or trust entities. Flexible loans for equipment and fit-outs We specialise in flexible loans that help you lease all the assets for your practice using an escrow facility and single repayment structure. We can structure the loan to suit your unique tax and cash flow situation. Our fit-out funding can be used for things like carpets, windows, paint and plumbing, and you can choose from lump sum or draw downs. Repayment options include low-start, up front or stepped with flexible terms of up to seven years. Business banking quick facts We can tailor fit-out financing so that you can lease everything using an escrow facility If you need to buy practice premises, we may lend up to 100% of the capital Our One Account overdraft facility could provide your practice $ of unsecured credit Start the dialogue today If you have any questions about our products or services, talk to one of our financial specialists on

5 One size does not fit all BOQ Specialist is a bank built around its clients. We ve learned a lot from working with accountants and have listened when they told us about their profession s particular banking and finance needs, as well as the products and benefits they would like their bank to offer. Our people have been providing specialist banking in Australia for over 20 years and have built a reputation on being smart, responsive and flexible. We have developed an innovative range of products that provide distinctive solutions in everything from personal banking to practice finance specifically tailored to the demands of your profession. We offer four key benefits to accounting professionals: a deep understanding of the particular financing you need to build your practice highly personalised service with a dedicated financial specialist who understands accountants a long-term view based on our knowledge of your likely career trajectory and earning potential the strength of an Australian market leader with a focus on specialists. We don t believe that one size fits all. We offer banking and finance that is genuinely distinctive and tailored to your professional and personal requirements, at every stage of your career.

6 T F boqspecialist.com.au/accountants BOQ Specialist: a distinctive bank We deliver distinctive banking solutions to niche market segments. Our focus, experience and dedication to our clients have enabled us to become experts in a number of professional niches. We aim to add value to and build partnerships with our clients and our team have been providing specialist banking in Australia for over 20 years. A bank built around its clients Our focus is on building lifetime relationships with our professional clients, and on simplifying the complicated. Our comprehensive suite of personal and business banking options include transaction and savings accounts, credit cards, residential mortgages, practice purchase and fit-out loans, car loans, SMSF loans and property investment loans. We have a distinctive approach to banking characterised by responsive personal service, unconventional thinking, and an ability to be nimble, flexible and innovative. If you d like to experience the difference of working with us, start the dialogue with one of our financial specialists. Call , or visit boqspecialist.com.au/accountants The issuer and credit provider of these products and services is BOQ Specialist - a division of Bank of Queensland Limited ABN AFSL and Australian credit licence no ( BOQ Specialist ). Terms and conditions, fees and charges and lending and eligibility criteria apply. Any information is of a general nature only. We have not taken into account your objectives, financial situation, or needs when preparing it. Before acting on this information you should consider if it is appropriate for your situation. You should obtain and consider the terms and conditions and if relevant, the Product Disclosure Statement (PDS) from before making any decision about whether to acquire the product. BOQ Specialist is not offering financial, tax or legal advice. You should obtain independent financial, tax and legal advice as appropriate. We reserve the right to cease offering these products at any time without notice. The foreign exchange market is subject to risks associated with exchange rate movements. These accounts should not be used for speculative purposes. 1. A 1.5% processing fee applies. 2. Qantas Points are earned in accordance with the BOQ Specialist Qantas Rewards Program Terms and Conditions available at Qantas Points and bonus Qantas Points are earned on eligible purchases only. You must be a member of the Qantas Frequent Flyer program in order to earn and redeem points. Qantas Points and membership are subject to the Qantas Frequent Flyer program Terms and Conditions available at qantas.com/terms. See definition of Eligible Transaction in the BOQ Specialist Qantas Rewards Program Terms and Conditions. Please allow 6-8 weeks once you have made the purchase for the points to be credited to your account. BOQ Specialist recommends that you seek independent tax advice in respect of the tax consequences (including fringe benefits tax, and goods and services tax and income tax) arising from the use of this product or from participating in the Qantas Frequent Flyer program or from using any of the rewards or other available program facilities. 3. To earn and redeem Velocity Points you must be a Velocity member. Velocity membership and Points earn and redemption are subject to the Member Terms and Conditions, available at velocityfrequentflyer.com, as amended from time to time. 4. BOQ Specialist card insurances are underwritten by ACE Insurance Limited (ABN , AFSL No ) (ACE). BOQ Specialist has entered into master policies for the benefit of cardholders. Terms and conditions apply to insurances. Any information is of a general nature only. We have not taken into account your objectives, financial situation, or needs when preparing it. Before acting on this information you should consider if it is appropriate for your situation. You should obtain and consider the insurance terms and conditions from before making any decision about whether to acquire the product. 5. A 1.5% fee applies. Points are earned on eligible purchases only. Fixed term finance contract is to be approved prior to purchase. ^ Life insurance services are provided by Experien Insurance Services Pty Ltd ABN ( EIS ). EIS is a Corporate Authorized Representative (No ) of ClearView Financial Advice Pty Limited ABN , AFSL General insurance services are provided by Experien General Insurance Services Pty Ltd trading as Experien Insurance Services ABN AFSL For full credit card terms and conditions please refer to BOQS V4 06/15