Thumbnail icon for Suncorp

Suncorp Everyday Options Student

Account fee
$0.00
Payment options
Apple Pay, Google Pay, PayID
Interest rate
0.01% p.a.

Mozo editorial review Suncorp Everyday Options Student

Last updated: 27 March 2020.

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What's hot
  • 0.10% special interest rate (conditions apply)
  • No account fees
What's not
  • 3% foreign exchange commission
Mozo snapshot

There’s often not a lot of difference between bank accounts, but having a special interest rate of 0.10% is certainly one way to stand out. With the Suncorp Everyday Options Student account, there isn’t any upfront or ongoing fees to watch out for and you’ll be able to withdraw from overseas ATMs and make international purchases, although you’ll need to budget for a 3% foreign exchange commission. To get access to the Suncorp Everyday Options Student account you’ll need to be a full time student.

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Key features

If you’re a full-time student deciding between stashing your cash in paper bag under your bed or putting it in a bank, we suggest the latter. One account you may want to consider is the Suncorp Everyday Options Student account.

This account comes with a stellar 0.10% interest rate. Just keep in mind that to qualify for this special rate you’ll need to make sure you transfer money from your main account into one of the nine linked Everyday Options sub-accounts.

A bumper interest rate on a everyday bank account? Well, surely the account has fees? Nope, not only can you earn a little extra through interest, but you won’t be losing any money each month by having to pay account fees.

The account also allows you to use and access your money in a number of ways: in-branch, over the phone, on the internet and more, all for free.

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Who is it good for

No need to overthink this one, students are going to benefit from this account most; as well as being the only ones who can get access to it - you’ll need to show your student card each year to keep the account open.

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Any catches

Not the biggest catch as it’s pretty common among everyday bank accounts, but if you decide to use this account to make overseas purchases, you’ll be charged 3% foreign exchange commission. Also, if you get money out of an ATM internationally, you’ll be charged a $5 overseas ATM fee.

Details

Rates and fees information correct as at 14 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.00% p.a.
    Balances from $1: 0.01% p.a.

  • Balances from $0: 0.00% p.a.
    Balances from $1: 0.10% p.a.

  • Rate for amounts deposited into linked Everyday Options sub-account.

Fees
  • $0.00

  • n/a

  • Unlimited free transactions from own-bank ATM, EFTPOS, counter withdrawals, counter deposits, phone and internet

  • $0.00

  • Suncorp, RediATM

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $5.00

  • 3.00%

  • $0.00 monthly

Other financial bits
  • $0.00

  • $0.00

Features
  • $1,000.00

  • no

  • no

  • yes

  • yes

  • yes

  • yes

  • yes

  • Must be a full-time student. Must show valid student card at the beginning of each year to waive monthly fees.

  • Can link to Everyday Options Sub-account and flexiRates for higher variable interest rates

Atm card
  • none

  • none

  • none

Debit card
  • $5.00

  • $0.00

  • 3.00%

Payment options

Apple Pay, Google Pay, PayID

Customer Reviews

How are Suncorp bank accounts rated by the Mozo community?

Overall customer rating
7.9/10
Price
7.3/10
Features
6.9/10
Customer service
8.1/10
Convenience
7.9/10
Trust
8.1/10
Suncorp

About Suncorp

From small beginnings as a Queensland agricultural bank, Suncorp has grown to become Australia's sixth largest bank. Today Suncorp provides term deposits, savings accounts, home loans, personal loans and other financial services to over 800,000 customers through 178 retail outlets, 680 ATMs, 46 Business Centres, online banking and 24-hour call centres. Suncorp's branches are spread mainly throughout Queensland, Victoria and New South Wales, but are expanding into other states.

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