What is a Suncorp Bank Wealth Cash Management Account (WCMA)?

The Suncorp Bank Wealth Cash Management Account (WCMA) is a new account that gives you a convenient place to park your cash in between trades, backed by the strength of a leading Australian bank. The WCMA provides you with easy access to your money, no monthly fees and competitive interest rates without unnecessary fuss. It also works well in conjunction with your Suncorp Share Trade account.

Share purchases are debited from your WCMA on the day of settlement and proceeds from share sales are credited back to your account on the day of settlement. This results in a seamless share trading experience that means your cash automatically earns interest when it is not in use.
Please note, funds on deposit with Suncorp Bank are not protected by the ASX National Guarantee Fund.