Handy tips to help save on fees

Summary: 

Avoiding bank fees could be easier than you may have thought. The following information provides a few simple tips that can help you save on fees and let you get the most from your everyday banking with Suncorp Bank.

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FeeHow to avoid the fee
Bank Cheque
Purchase
  • External Transfer: A simple way to transfer money from your Suncorp Bank account to an account at another financial institution and is fee free on most Suncorp Bank products.
  • Visa Debit and Visa Credit: Our Visa Debit and Credit facilities can be a more cost effective and convenient way to make your purchases. Plus you’ll have access to Visa’s 24 million acceptance locations around the world. (Overseas transactions may attract a fee).
Payment
Honour Fee
  • Automatic Sweep: Setting up a ‘sweep’ (automatic transfer) between your accounts to maintain a minimum balance reduces your risk of overdrawing your account or having a payment dishonoured. Sweeps prevent your account from overdrawing when a direct debit is made or cheque is presented provided you have sufficient funds in your other account. You may be charged a 'sweep’ fee of only $1.50 per sweep ('sweeps' are free on our Everyday Options account) compared with the Payment Honour Fee.
  • Phone and Internet Banking: These services are a convenient way to check and manage your account as well as stop a scheduled automatic payment. Suncorp Bank does not charge customers to use Phone and Internet Banking. If an Internet Banking security token is required a fee may be charged.
  • Balance Reminder: Set up free balance reminders that automatically send you an email when your account balance falls below an amount you choose and can be easily set up on Internet Banking.
Non-Suncorp Bank
ATM Fee
  • Suncorp Bank ATMs: To avoid ATM fees, use your Suncorp Bank card at Suncorp Bank ATMs. Our extensive ATM network is free to use for many Suncorp Bank everyday transaction accounts.
  • EFTPOS: EFTPOS purchases are fee free on most Suncorp Bank everyday transaction products. Many retailers also provide ‘cash out’ facilities at the point of sale which can save you time and money if you’re not near a Suncorp Bank ATM.
Immediate Extra
Statement Print
  • Phone and Internet Banking: Transaction history and account balance information is available through Phone, Mobile Phone and Internet banking.