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.
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Feature
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Description
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Amount
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No minimum or maximum.
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Interest rate
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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.
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Repayment option
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No set principal repayment amount
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Terms
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No fixed term. However, Suncorp can withdraw or reduce the overdraft limit or ask
for repayment in full at any time.
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Security
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Many forms of security may be accepted including residential, commercial or rural
property, business assets or a combination of these.
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Access
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Access available in branch or via Cheque, Card and Internet Banking
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Fees
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Item
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Description
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Establishment Fees
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Fee varies with each application ($950 minimum). For more information contact your
Business Banking Manager.
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Quarterly Maintenance Fee
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0.75%p.a. of approved Overdraft Limit (minimum charge $200 per quarter)
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Other fees
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Other fees and charges apply. Please contact you Business Banking Manager on 13
11 75 for more information.
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