Overdraft on Your Business Transaction Account

Help your cash flow

An Overdraft can be attached to your business transaction account. This will help with cash flow because the account can be drawn down to an approved limit.

The overdraft has:

  • Easy access because it's attached to your business cheque account
  • Interest calculated daily and only on the outstanding balance
  • No set monthly repayment.

Feature Description
Amount No minimum or maximum.
Interest rate Interest is calculated using Suncorp's Base Variable Rate or Suncorp's 30 Day Bank Bill Rate or Suncorp's Premier Business Overdraft Rate plus a customer margin. Interest is charged to the account monthly.
Repayment option No set principal repayment amount
Terms No fixed term. However, Suncorp can withdraw or reduce the overdraft limit or ask for repayment in full at any time.
Security Many forms of security may be accepted including residential, commercial or rural property, business assets or a combination of these.
Access Access available in branch or via Cheque, Card and Internet Banking

Fees

Item Description
Establishment Fees Fee varies with each application ($950 minimum). For more information contact your Business Banking Manager.
Quarterly Maintenance Fee 0.75%p.a. of approved Overdraft Limit (minimum charge $200 per quarter)
Other fees Other fees and charges apply. Please contact you Business Banking Manager on 13 11 75 for more information.

Ready to apply?


If you have any questions, contact us

 

 
Contact Us
Call us on 13 11 75
 
 
Click to return to top of page
Contact Us
Call us on 13 11 75
 

Contact Us. Call us on 13 11 55. BSB: 484-799 for all Suncorp branches.
© Copyright Suncorp-Metway Ltd ABN 66 010 831 722 In accessing Suncorp's site you agree to the terms and conditions outlined in the disclaimer
Please ensure that you read these before accessing the site. Legal information | Privacy | Security | Accessibility