Suncorp Everyday Options
Suncorp Everyday Options
Mozo Review Suncorp Everyday Options Review
Last updated: 30 March 2020.
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.
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.
Who it's good for:
Aussies who want greater flexibility with their bank accounts and can make use of the sub-account feature.
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 1 April 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, Samsung Pay
Customer Reviews
How are Suncorp bank accounts rated by the Mozo community?
Latest reviews of Suncorp Everyday Options
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Great Banking.
I am happy with Suncorp bank and will continue to use them in the future.
Read full reviewI am happy with Suncorp bank and will continue to use them in the future.
Price9/10Features9/10Customer service9/10Convenience8/10LessTrust8/10 -
Ok but not anything special.
Always line ups at the bank with only one person for device. Bring back tellers.
Read full reviewAlways line ups at the bank with only one person for device. Bring back tellers.
Price8/10Features8/10Customer service6/10Convenience6/10LessTrust8/10 -
Great for budgeting but don’t bank on good service
Love the freedom of having sub accounts but the bank itself is terrible. Long queues, deposit ATM’s often broken for long periods of time, staff that don’t know the basic products.
Read full reviewLove the freedom of having sub accounts but the bank itself is terrible. Long queues, deposit ATM’s often broken for long periods of time, staff that don’t know the basic products.
Price7/10Features7/10Customer service3/10Convenience3/10LessTrust0/10 -
Convenient account plus sub accounts.
A convenient account with a possibility to set up as joint and add sub-accounts for safety.
Read full reviewA convenient account with a possibility to set up as joint and add sub-accounts for safety.
Price2/10Features7/10Customer service7/10Convenience9/10LessTrust5/10 -
Great customer service.
Awesome bank. Great customer service.
Read full reviewAwesome bank. Great customer service.
Price10/10Features10/10Customer service10/10Convenience10/10LessTrust10/10
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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