What should I consider if I set up automated, regular payments?
Always keep a record of the direct debits or recurring payments you have established. It’s important to keep enough funds in your account to cover automated instructions so your account maintains a positive balance. If you don’t have enough money in your bank account to cover a direct debit you may be charged a dishonour fee by Suncorp and an overdue fee by the service provider.
To help make sure you do no overdraw your account you can arrange a sweep.
Regular payments are a convenient way to pay bills if you know they will occur regularly. It is also possible to manage your payments by setting up recurring external transfers. This allows you to completely control regular bill payments as you can start, stop and change the automatic payment yourself.