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Suncorp Everyday Options

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

Mozo editorial review Suncorp Everyday Options

Last updated: 30 March 2020.

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What's hot
  • Ability to create up to 9 sub-accounts
  • An interest rate of 0.10% p.a. on each sub-account
What's not
  • Standard interest paid half-yearly
Mozo snapshot

The Suncorp Everyday Options account is a convenient everyday bank account with a difference. This account has a range of flexible options to help you to manage your day to day financial needs, including the ability to link up to nine sub-accounts that all earn interest and can be put towards different goals, each of which can earn you an interest rate of 0.10% p.a.

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Key features

The Everyday Options’ interest rate on balances from $1 it is 0.01% however, for Suncorp customers, balances from $1 will be able to receive up to 0.10% interest on up to nine linked Everyday Options sub accounts.

When money is deposited into your main account, you’ll be able to set up an automatic transaction feature and have your money transferred into as many sub-accounts as you would like. You’ll also get unlimited transactions from Suncorp and RediATMs, as well as free EFTPOS, phone, internet banking, as well as branch access.

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Who is it good for

Aussies who want greater flexibility with their bank accounts and can make use of the sub-account feature.

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Any catches

The Everyday Options Account may not be the most ideal option to use on your next overseas adventure as there is a 3.00% foreign exchange rate and a $5 overseas ATM fee.

Details

Rates and fees information correct as at 7 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

  • Standard interest paid half-yearly. Special interest on sub-account paid monthly

  • 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

Latest reviews of Suncorp Everyday Options

  • Overall 10/10
    Great all round product.

    Great account, heaps of features, love that I can use this account with the home loan.

    Read full review

    Great account, heaps of features, love that I can use this account with the home loan.

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Kelly, Queensland reviewed 15 days ago
  • Overall 7/10
    Takes too long to get served in a branch.

    I like Suncorp because they are easy to deal with.

    Read full review

    I like Suncorp because they are easy to deal with.

    Price
    7/10
    Features
    -1/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    7/10
    Less
    Lisa, Queensland reviewed 2 months ago
  • Overall 10/10
    Makes organising finances easier.

    The Everyday Options account is awesome because you can have a few sub-accounts which makes organising your finances so much easier. I have a sub-account for my rent, bills, and personal expenses.

    Read full review

    The Everyday Options account is awesome because you can have a few sub-accounts which makes organising your finances so much easier. I have a sub-account for my rent, bills, and personal expenses.

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Lucinda, Queensland reviewed 3 months ago
  • Overall 6/10
    One of the best

    Suncorp is a fairly decent bank which offers good customer service. I’ve recently seen other banks offering more variety and competitive interest rates, however I choose to stick with Suncorp as they’ve served me well over the past few years. I’m also a bit lazy which has stopped me from switching banks (at least I’m honest about it...)

    Read full review

    Suncorp is a fairly decent bank which offers good customer service. I’ve recently seen other banks offering more variety and competitive interest rates, however I choose to stick with Suncorp as they’ve served me well over the past few years. I’m also a bit lazy which has stopped me from switching banks (at least I’m honest about it...)

    Price
    6/10
    Features
    4/10
    Customer service
    7/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Adam, Queensland reviewed 3 months ago
  • Overall 8/10
    Pretty good.

    Competitive with rates and fees, wait times on the phone are long though.

    Read full review

    Competitive with rates and fees, wait times on the phone are long though.

    Price
    6/10
    Features
    5/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Nikki, Queensland reviewed 3 months ago
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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