Business Premium Account
$0 monthly account keeping fee
A full-featured transaction account with no monthly account keeping fee and unlimited fee-free transactions.
Earn IRM{bpa.2.1}2 interest on all balances
Business Premium Account
$0 monthly account keeping fee
A full-featured transaction account with no monthly account keeping fee and unlimited fee-free transactions.
Earn IRM{bpa.2.1}2 interest on all balances
No monthly account keeping fees, forever.
No account keeping fees for the life of your account.
Unlimited fee-free
transactions.
Unlimited electronic, staff-assisted and cheque deposit transactions.
Earn higher interest on savings with flexiRates.
Learn more about flexiRates.
More great value every day.
Easy integration with accounting software.
Link your transaction data directly into Xero or MYOB
Offset account option.
You could pay less interest on your loan by using the balance of this account to offset an eligible Suncorp Bank Small Business Loan.
Seamless cash flow management.
Stay on top of income and expenses by:
- linking this account to a Suncorp Bank Business Overdraft.
- receiving same day settlement from your Suncorp Bank Merchant facility.
Fees & Rates
$0
Monthly account keeping fee
Free
Cheque deposits and staff assisted deposits
Free
Electronic transactions (including external transfers)
Free
Unlimited withdrawals from your account each month. Withdrawals at Suncorp Bank ATMs and atmx ATMs are always fee-free.¢
Interest rates
All balances - IRM{bpa.2.1}2
Unlimited withdrawals from your account each month.
Maximise your savings with flexiRates
If you have more money in savings than you’ll need for your short-term expenses, you can set aside a portion of it for a nominated period at a higher fixed interest rate than the unlocked portion.
Keep in mind, if you choose to use a Business Premium Account to offset interest on a business loan, only the unlocked portion will offset your business loan.
flexiRates Interest Rates
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1
1
1
If you’ve got $10,000 saved but only need $2,000 in the near future, you could apply a 6-month flexiRate to the unused $8,000 and earn more interest on that balance than you do on the $2,000. Simple!
Maximise your savings with flexiRates
If you have more money in savings than you’ll need for your short-term expenses, you can set aside a portion of it for a nominated period at a higher fixed interest rate than the unlocked portion.
Keep in mind, if you choose to use a Business Premium Account to offset interest on a business loan, only the unlocked portion will offset your business loan.
flexiRates Interest Rates
1
1
1
1
If you’ve got $10,000 saved but only need $2,000 in the near future, you could apply a 6-month flexiRate to the unused $8,000 and earn more interest on that balance than you do on the $2,000. Simple!
What makes us a great choice?
Your security is our top priority.
We’re committed to protecting your information
and providing you with a safe banking
environment.
Manage your money, your way.
Bank online, with the Suncorp Bank App, by phone or in branch. Learn more about ways to bank.
More for your business.
We can help with Business Loans, in-store EFTPOS machines and eCommerce payment solutions, to make running your business even easier.
For more information about the Business Premium Account, download our Product Information Document
A card just for business expenses.
You’ll receive a Suncorp Bank Business Visa
Debit card with your Business Premium Transaction Account.
You can use your funds to pay for everyday business expenses online, in person or over the phone.
Plus, enjoy convenient features, like the ability to:
- temporarily lock your card or reset your card PIN using the Suncorp Bank App.
- go cardless with Apple Pay® and Google PayTM
How to apply
Home Loan, Personal and Business Banking products are issued by Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882) to approved applicants only. Eligibility criteria, conditions, fees and charges apply and are available on request. Please read the relevant Product Information Document and terms and conditions before making any decisions about whether to acquire a product.
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† A Suncorp Bank Visa Debit Card is required. Suncorp Bank Visa Debit Cards are not available to overseas residents, Trustee accounts, accounts where the number to sign to operate is two or more (no form of card access is allowed) or minors. Suncorp Bank Visa Debit Cards must have an account linked as Primary Credit Relationship. Each customer may only have one Suncorp Bank Visa Debit Card per Primary Credit account.
¢ Suncorp Bank is a member of the atmx by Armaguard (atmx) ATM Network. The deposit is taken by Armaguard on behalf of Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL No 229882) at all atmx ATMs. Fee-free access applies to the following transactions: a successful cash withdrawal, account balance enquiry, PIN change, transfer between Suncorp Bank accounts, or a cash deposit using a Suncorp Bank Visa Debit or Suncorp Bank eftpos Card. Daily withdrawal limits apply. Deposit up to 90 notes per transaction. Cheques deposits are not accepted at atmx ATMs for Suncorp Bank Customers. Terms and conditions apply. Find out more on our Suncorp Bank ATMs page.
Merchant facilities and Business Deposit Products are issued by Suncorp Bank (Norfina Limited) ABN 66 010 831 722 AFSL No 229882. To approved applicants. Terms and conditions, fees and charges apply and are available on request.
Apple, the Apple logo, Apple Pay and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries and regions.
App Store is a service mark of Apple Inc.
Google Wallet, The Google Wallet logo, Google Pay, The Google Pay logo, Google Play and the Google Play logo are trademarks of Google LLC.
Android is a trademark of Google LLC.
How to apply online
You can apply online if you are:
- A sole trader/joint account
- A Company (LTD or PTY LTD)
- Any of the above trading as a registered business (e.g. with an ABN/ACN)
- If your business doesn't fit into one of these categories, you can download an interactive account application, complete it, print it and drop it into your local branch, or call us on 1300 673 136.
Things you should know before you apply online:
- You need to be an Australian Business.
- You need to be the Business Owner/Director.
- Businesses/Companies with up to two owners/directors can apply online. If you have more than two, you can download an interactive account application, complete it, print it and drop it into your local branch.
- The names of all Authorised Persons listed on this application need to appear in the ASIC Company/Business search as a Director, Secretary, Owner, or Beneficial owner.
- All Authorised Persons will be assigned full authority to use the account. This includes making changes to the account as well as performing financial transactions. If you need to make changes to these authorities, just visit your local branch.
Identification requirements for all new customers
Check the Identification Checklist to find out which forms of ID you’ll need. This will vary depending on the type of business you have.
Each owner and Authorised Person will also need to provide acceptable identification.
If required, you can get your documents certified by the following acceptable certifiers.
Applying in a branch
Come into any of our branches and our staff will be happy to help. To save time, you can download, complete and print these interactive PDF forms before you come in:
Non-Personal Application Form – details of the account(s) you’d like to open.
Add/Delete Authority Request Form – This form is to:
- add or delete authorised person/s on Business Deposit Account (including Line of Credit/Overdraft), Merchant Facility and Multipay
- add or delete access level of existing or non-related party(ies) on a Term Loan
- change account operating authorities on Business Deposit Account.
Please visit your nearest branch or contact us on 1300 673 136 to request the change via our paperless process.
A Signatory Capture Form – for each individual who will use the account.
If you have any questions, please call us on 1300 673 136 so we can help.
Identification requirements for all new customers
Check the Identification Checklist to find out which forms of ID you’ll need. This will vary depending on the type of business you have.
Each owner and Authorised Person will also need to provide acceptable identification.
If required, you should get your documents certified by the following acceptable certifiers.
