What are Personal limits?

If you choose to apply an Account Limit to your account, you can also have a Personal Limit for each individual relationship holder on an account. This limits the total dollar value of Business Payments Credit files, external transfers and funds transferred to another Suncorp Bank account that the relationship holder can personally authorise from the account on a daily basis.

For example, if you place a personal limit on Simon who works in your office for $5,000.00, Simon can only transfer up to $5,000.00 via business payments, external transfers and transfers to other Suncorp Bank accounts regardless of the account balance or daily limit set.