What is a Business Payments Credit and what do I need to use it?

With Suncorp Bank’s Business Payments Credit solution, you can automate the process of manual bank transfers to employees, creditors and suppliers. Business Payments Credits enable you to schedule bulk payments from Internet Banking.

To use our Business Payments Credit solution you’ll need: 

1. An eligible Business account: 

• Everyday Business Account 
• Business Premium Account 
• Business Investment Account 
• Business Management Account 
• Revolving Credit Account/Finance Pak facility 
• Business Line of Credit 
• Real Estate Trust Account 
• Solicitors Trust Account 

You'll also need to have the appropriate relationships for you to setup and/or approve Business Payments.  

2. A Security Token 

To use Business Payments Credit, you’ll need to input a Security Token Code. A Security Token will be required for each person that will be setting up and approving business payments (if required). 

Business users can apply for a Security Token via Internet Banking. 

3. An APCA Credit ID 

To perform Business Payments, you'll need an Australian Payments Clearing Association (APCA) ID. If you’re making business payments credits from different businesses such as ABC Pty Ltd and XYZ Pty Ltd, you’ll need to apply for an APCA ID for each business. 

To apply for an APCA Credit ID, call us on 13 11 75 or visit your local branch.