With no monthly account keeping fee, the Suncorp Everyday Basics is packed with the features you’ll need for easy, convenient everyday banking including free access to Suncorp and RediATM networks and a standard daily ATM withdrawal limit of $1,000. Plus, there are no EFTPOS, over the counter, phone or internet fees (withdrawals or deposits) as well as no minimum balance or opening deposit requirements.
You’ll also receive a linked Visa debit card that can be used anywhere Visa is accepted globally including the added convenience of using the Visa payWave functionality for any “tap and go” purchases under $100 in Australia. You can also rest easy with the knowledge your Suncorp Everyday Basics debit card comes with Visa’s Zero Liability Policy which protects you from any unauthorised transactions (conditions apply).
Like many other everyday bank accounts, there’s no interest paid on the balance, so if growing your nest egg is your goal right now, you’ll want to make sure you link the Suncorp Everyday Basics with a high interest savings account. You can search the Mozo database here.
Who it's good for:
If you’re looking for a no frills transaction account for your everyday banking needs, free of the pesky bite of fees, then the Suncorp Everyday Basics could be just for you.
If you are planning on using the card overseas just be aware that you’ll be charged $5 for overseas ATM withdrawals so try limiting visits to the ATM by withdrawing larger amounts at a time. And overseas purchases and withdrawals also attract a 3% foreign exchange fee so factor this into your travel budget.
And be careful with the card while travelling. Should you lose your everyday basics card while cruising down the Seine or sightseeing in Trafalgar Square, you’re also looking at a hefty $50 overseas emergency card replacement (whereas it’s only $12 if your card is lost or stolen in Australia). If you’re in the market for a travel-friendly money card, search the Mozo database here.