At a glance…
- Suncorp Business Payments gives your business the ability 24/7 to make credit and debit payments via Internet Banking.
- Suncorp Business Payments Credit enables you to transfer funds from your business account to multiple accounts and is useful for regular transactions such as payrolls.
- Suncorp Business Payments Debit enables you, if you are an approved Suncorp Direct Debit User, to draw funds from your customer's accounts for which you hold a completed Direct Debit Request Authority.
Business Payment Credit:
Key Features and Benefits
| Feature |
Description |
| Transfer funds 24/7 |
- Able to transfer funds to employees, suppliers and creditors with accounts at any financial institution in Australia and other accounts held by you
|
| Regular multiple payments |
- Set up payment transfers to multiple accounts
- Useful for regular payments such as payrolls
|
| Future-dated payments |
- Set up a payment to occur at a future date giving you greater flexibility in managing your funds
|
| Large file size capabilities |
- You can process files containing up to 1,000 transactions
|
| Reconciliation tools |
- Interface with most payroll and accounting packages
- Check and trace payments simply and more efficiently
|
| Set Account and Personal limits |
- Apply for an account and/or personal limit(s) to meet your business needs
- Provides greater security and control of your account
|
Business Payment Debit:
| Feature |
Description |
| Funds credited to your account |
- Collect funds 24/7 from your customer's accounts for which you hold a Direct Debit Request Authority, from any financial institution in Australia
- Funds are credited to your account on the day the debit file is processed.
|
| Future-dated payments |
- Set up a payment to occur at a future date giving you greater flexibility in managing your funds
|
| Reconciliation tools |
- Interface with most payroll and accounting packages
- Check and trace payments simply and more efficiently
|
Fee structure
The fee structure is tiered, with the fee per transaction you pay decreasing when you make more transactions of that type (credit or debit) per month.
Suncorp Business Payment Credit fees
| Transactions per month |
Fee per transaction |
| 0-200 |
$0.20 |
| 201-500 |
$0.15 |
| 501+ |
$0.10 |
Suncorp Business Payment Debit fees
| Transactions per month |
Fee per transaction |
| 0-200 |
$0.20 |
| 201-500 |
$0.15 |
| 501+ |
$0.10 |
How to apply for Business Payments:
Call 13 11 55 or contact your
local Branch or Business Banking Manager.
Note: To process Business Payments Debit files you will need to be an approved Suncorp Direct Debit User.
