Suncorp bank accounts

4.0
Based on 1,204 Suncorp bank account product review.
Fact Checked
Last updated

Overview

From small beginnings as a Queensland agricultural bank, Suncorp has grown to become one of Australia’s largest financial institutions. Suncorp provides term deposits, savings accounts, home loans and other financial services, including transaction bank accounts.

Suncorp has a number of bank accounts to choose from, including Everyday Options that boasts adult, student and kids accounts, as well as a unique Carbon Insights Account for the environmentally-conscious Australian.

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Editor's pick: Carbon Insights Account

Carbon Insights Account

Account fee
$0.00
Payment options
Apple Pay, PayID, Google Pay
Interest rate
0.01 % p.a.
Link not supplied
  • Receive an estimate of your carbon emissions spending profile

  • No account fees

  • No foreign currency conversion fees

  • Cashback deals on Feel Good Rewards program

  • Online-only account

Our verdict

The Suncorp Carbon Insights Account is designed for environmentally conscious consumers who want to manage their finances while making a positive impact on the planet. This account not only offers the standard banking features but also provides insights into your carbon footprint, helping you track and reduce your environmental impact.

Suncorp works with leading carbon service provider Cogo to gather emissions data that matches up with customer spending, allowing you to see your total monthly estimated carbon emissions and what they’re equivalent to.

There’s no account-keeping fees, overdraft fees, or foreign currency conversion fees on Visa Debit card purchases, which may appeal to frequent international travellers.

While the account primarily focuses on online banking, Suncorp provides customer support through other channels.

You can also enjoy cashback on purchases at specific retailers through the bank’s Feel Good Rewards program - featuring discounts on popular Aussie fashion brands, dining options and more.

The Suncorp Carbon Insights Account offers a practical approach to everyday banking with a focus on sustainability. However, it’s a good idea to compare your options to see what best fits your financial situation.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more bank accounts here.
Last updated 14 November 2024 Important disclosures

Suncorp bank accounts

  • Everyday Options Account

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

    Enjoy 0% foreign currency conversion fees on Visa Debit card purchases. Plus make an eligible purchase using your linked Visa Debit card to earn cashback at participating merchants. $0 monthly account keeping fees & the option to open up to 9 sub-accounts. Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL 229882 Australian Credit Licence 229882). The SUNCORP brand and Sun Logo are used by Suncorp Bank (Norfina Limited) under licence and Suncorp Bank is not part of the Suncorp Group.

  • Everyday Options Student

    Account fee
    $0.00
    Payment options
    Apple Pay, Google Wallet, PayID
    Interest rate
    0.01 % p.a.
    Link not supplied

  • Everyday Options Kids

    • aged 11-15
    Account fee
    $0.00
    Payment options
    Apple Pay, PayID
    Interest rate
    0.01 % p.a.
    Link not supplied

  • Everyday Options Kids

    • aged 16-18
    Account fee
    $0.00
    Payment options
    Apple Pay, Google Wallet, PayID
    Interest rate
    0.01 % p.a.
    Link not supplied

  • Carbon Insights Account

    Account fee
    $0.00
    Payment options
    Apple Pay, PayID, Google Pay
    Interest rate
    0.01 % p.a.
    Link not supplied

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Suncorp bank account ratings

Overall customer rating for Suncorp bank accounts

4.0
Based on 1,204 product review.

Customer reviews

Important disclosures

FAQs

Is Suncorp a safe place to keep my money?

Suncorp is an Authorised Deposit-taking Institution (ADI) regulated by the Australian Prudential Regulation Authority (APRA). This means your deposits are protected under the Australian Government's Financial Claims Scheme, safeguarding up to $250,000.

What do I need to open an account?
  • You must be at least 11 years old
  • Proof of identity documents
  • Access to online banking
How do I apply?

You can apply online through the Suncorp website or over the phone.

How many bank accounts can I open?

You can open multiple Suncorp bank accounts. Additionally, you can also open up to 9 sub-accounts and rename them to suit your financial goals.

How do I set up online banking?

To set up online banking, visit the Suncorp website and register. Provide your personal details. Once registered, you can manage your account through your digital profile on the website or app.

Are there any fees?

There are no account-keeping fees. You can access fee-free ATM transactions at Suncorp Bank, the ‘big four banks’ and atmx ATMs Australia-wide. There are no foreign transaction fees but there are fees imposed when you use ATMs overseas.

How do I close my account?

The quickest way to close your account is through online banking or via the app. You can also call customer service. Before closing your account, ensure you:

  1. Confirm your account balance is zero ($0.00).
  2. Cancel any recurring payments and direct debits.
  3. Check that all recent transactions have cleared (these can take a few days to update from ‘pending’ to ‘posted’). You can verify this in the Suncorp app.
  4. Clear any outstanding cheques.

Suncorp products

Bank account quick links


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