Business Banking
Accounts FAQs
We have business accounts to assist your business’s financial goals. These include our Transaction Account, Savings and Term Deposits, Trust Accounts, Farm Management Deposit Account and our Foreign Exchange Deposit Account.
No, there isn’t a charge for depositing cash or cheques at a Suncorp Bank branch. Your deposits are fee-free with any of our Business Premium and Business Saver Accounts.
If you already have a business account in the same business name, we’ll have enough information to open another account. If you’re new to Suncorp Bank or your current account is in a different business name, we’ll need more documentation.
You can check which identification documents are required. Alternatively, contact us or visit your nearest Suncorp Bank branch.
To add or remove a signatory to/from your Business Deposit Account, Merchant Facility and Multipay Facility, complete the Add/Delete Request Form and return it to your Relationship Manager or your closest branch. Alternatively, call us on 13 11 55 to request documents to be sent and signed digitally.
flexiRates can be set up easily via Internet Banking or the Suncorp Bank App on eligible accounts. Learn more about how to set up flexiRates and view our current interest rates.
Using the Suncorp Bank App, you can make Osko fast payments from your eligible business bank accounts to another account at Osko-participating banks by using a BSB and account number (Please note: PayIDs aren’t available for business accounts).
Just transfer money as you usually would and Osko will be enabled automatically, sending your funds in under a minute. Fast payments are eligible with these Suncorp Bank business accounts:
- Business Premium Account
- Business Saver Account
If your account is not listed above, please refer to the relevant Product Information Document & Terms and Conditions or Schedule of Fees and Charges applicable to your account to see if it is able to send and receive Osko fast payments.
It’s important to note that transaction limits apply, as per the Suncorp Bank App Terms and Conditions. You may also be prompted to use the Suncorp Bank Secured App and a Security Token to make some higher-value transfers. Read this guide for more information on how to use a Security Token.
No, Business Payment Credit processes aba files using the Bulk Electronic Clearing System (BECS).
Business Payment Credit only process on business days. Business Payment Credit files are processed overnight or the same business day when processed prior to 5.30pm AEST.
You can export transactional data which has not yet printed to statements in the following file formats:
CSV – Microsoft Excel format
OFX – used by Xero accounting software
QIF – used by MYOB and Quicken accounting software
ASCII – used by customised accounting software
To download your transactional data via Internet Banking into your selected file format:
1. Select the account which you require transactional data;
2. Select ‘Download Transactions’ icon (located above your transactional list);
3. Select your file format;
4. Select relevant date format;
5. Select ‘Download’ icon.
To download your transactional data within a selected date period:
1. Select Transactional History in the menu section;
2. Select your account in the drop-down option;
3. Nominate the period for your file (no greater than 364 days);
4. Nominate how you would like to filter your transactions;
5. Select ‘Find
