Suncorp Group

Suncorp Group Limited

Calling Brisbane its home, the bank is one of Australia's mid-sized financial institutions and also wears the crown of the largest general insurance group in Australia. With over 13,000 employees in its family, Suncorp Group Limited creates strong collaboration and cooperation amongst its employees and customers. The various brands of the Suncorp Group are AAMI, GIO, BINGLE, APIA CIL INSURANCE, ASTERON LIFE etc., with services like banking, wealth management and insurance services, the Suncorp group provides all-round banking solutions to its customers and potential customers. The revenue of the group is 16.17bn, and the average income is 681 million Australian Dollars. The banking segment offers banking and wealth, insurance and Suncorp New Zealand Segment.

Features and Benefits of Suncorp Group Limited

Suncorp Group Limited is a financial services company headquartered in Brisbane, Australia. It operates as a bank and offers a wide range of financial products and services, including banking, insurance, and wealth management. Here are some of the features and benefits of Suncorp Group Limited Bank:

• Range of Products: Suncorp Group Limited Bank offers a range of products, including savings and transaction accounts, personal and home loans, credit cards, insurance, and investment products.
• Easy Access: Suncorp Group Limited Bank provides easy access to your funds through online banking, mobile banking, and ATMs.
• Competitive Interest Rates: Suncorp Group Limited Bank offers competitive interest rates on its savings and transaction accounts, home loans, and personal loans.
• Flexible Repayment Options: Suncorp Group Limited Bank provides flexible repayment options on its loans to help customers manage their finances better.

Services offered by the Suncorp Group Limited:

The ultramodern and customer-centric services Suncorp Group offers are plenty in number. Some of them are mentioned below

PERSONAL LOANS:

Established in 1902 with more than a hundred years of experience and a cache of $96 billion, Suncorp Bank is one of the leading money lenders in the world. In earlier times, it was known as Queensland Agricultural Bank and has achieved its modern form through a multitude of mergers and collaborations, and is now called the Suncorp Bank and is a part of the Suncorp Group. Loan amounts of $5000 to $ 80,000 are offered to eligible customers for a maximum time period of seven years. two types of personal loans can be applied for by the borrowers these are secured and unsecured personal loans.  Let us now understand the myriad of features which make Suncorp Bank personal loans attractive and easily borrowable.

• Extra repayments can be made.
• Low-interest rates.
• Weekly | monthly | Fortnightly repayment options are available
• Minimum fees and charges like early payment fee and monthly account keeping fee.

These home loans can be used for multiple purposes and usages by the borrowers. Listed below is the application procedure,

• The borrower has to be a permanent resident of the country.
• Has to be an adult at least 18 years of age.
• Is employed or has a regular income source.
• Has a good credit score.
• Should not have any history of bankruptcy or insolvency.

HOME LOANS

Suncorp Bank offers a number of exciting and customer-friendly home loans for borrowers. A home is one of the most desired and safest places for an individual or a family to occupy, and buying a home can be a tricky and financially draining circumstance. This is where a Suncorp home loan helps its customer with simple and effective loans. The different types of home loans offered by Suncorp Bank are:

• Standard variable rate home loans: this loan is available with cashback and is applicable to borrowers who opt for flexible variable rates.
• Suncorp Back to Basics Home Loan: this loan comes with the exciting feature of no account-keeping fees and no offset amount thus is an excellent choice for first-time homeowners with exhausted funds.
• Suncorp Fixed rate Home Loan: This loan features up to 5 years of consistent loan repayment options and helps the borrower to pre-plan his repayment options.

Some of the primary features of the Suncorp Home loans are mentioned below,

• Competitive rates
• Package home loans
• Low deposit rates from 5 to 10 % for some loans.
• Offset accounts in package loans
• Low fees and many fee waivers are offered.
• Various repayment options are available.
• Loans can be split into fixed or variable options.
• The package loans have discounts and special benefits.

The application process and eligibility criteria are listed below,

• A fixed source of income.
• Permanent resident of the country.
• Borrower has to be of 18 years or older.
• Proof of income documents
• Asset and liability documents.
• Property details.
• Personal identification documents.

INSURANCE

The Suncorp Group covers almost all areas of life in the field of insurance, like home insurance, life insurance, health insurance and car insurance etc.

Other services like superannuation products, credit cards and savings accounts are also offered by Suncorp Bank.

Types of accounts in Suncorp Bank

There are many types of accounts provided by Suncorp Group Limited. These accounts are operated on the basis of the needs and requirements of the customers.

EVERYDAY ACCOUNTS

These accounts are essential accounts which help the consumer with his or her individual and day-to-day needs and daily requirements. Day-to-day banking needs and a convenient portal to handle the depositors day to day monetary needs. These everyday accounts have many options. Different types of everyday accounts are

• Carbon Insights account: this is only a digital platform to view the carbon footprint. Carbon emissions can be viewed, digital access helps the reduction of carbon emissions, sub-accounts, overdraft prevention, and lock-in higher rates.
• Everyday options account: sub-accounts and flexible rates.
• Everyday essentials account: for low-income earners and government benefit recipients.

SAVINGS ACCOUNTS

Suncorp bank caters to more than nine million people and helps them save and invest their money with responsibility and professionalism. The growth saver account treats its customers with bonus interest rates. This bonus rate is awarded to the customers if they are able to grow their bank balance by $200 every month. The base interest rate is 0.05% and the bonus rate is 0.55%. The bank accounts do not charge any maintenance fee and are easily operational through Siuncorp’s internet banking system.

Some of the important features of savings accounts are

• Bonus interest rates per month
• Steady savings.
• Easily manageable and accessible. The online transaction system helps the customer to get easy access to all the facilities and features of these savings accounts.

The Suncorp Banks savings accounts are user-centric and offer a lot of benefits to the customers.

KIDS SAVINGS ACCOUNTS

Saving for the future is a life skill which every kid should and must learn. Suncorp Group’s kids' savings account aims towards this particular goal and helps parents to teach the value of savings to their children. The child must be under 18 years and above 11 years and must have permission from a parent or a carer to open the kids' savings account with Suncorp. The base interest rate is 0.45%, and the bonus rate is 0.40%.

TERM DEPOSITS

Depositing and fixing a certain amount of money helps the individual to understand and plan future incomes. Suncorp Bank offers a plethora of features for their long-term deposits. The term loans are offered for a period of 1 month to 5 years. The interest rates vary according to the amount of money fixed. Some of the features of these term deposits are,

• A guaranteed return on savings fixed for a certain period of time. The savings start from a savings of $ 5000
• If an individual wants to withdraw the money before the term ends then a waiting period of 31 days and a nominal interest rate will apply.
• Easy accessibility through the bank or phone.

These term deposits are guaranteed returns on a person’s savings and help the individual to plan for future endeavours. Each and every term deposit is reviewed and managed on a case-to-case basis and the problems of the customers are handled with care and diligence.

Suncorp Bank opening hours

Mentioned below are the opening hours of Suncorp Bank, for the reference of the customer.

Day of the Week	Opening Time	Closing Time
Monday	8 AM	6  PM
Tuesday	8 AM	6  PM
Wednesday	8 AM	6  PM
Thursday	8 AM	6  PM
Friday	8 AM	6  PM
Saturday(customer service)	8 AM	10.PM
Sunday(customer service)	8 AM	10 PM
Saturday (faults and technical support)	closed	closed
Sunday (faults and technical support)	closed	closed

Suncorp Bank contact details

Mentioned below are the contact details of the Suncorp Bank of Australia, which you can use in case of any doubts or queries:

Address	Brisbane Square, Level 28, 266 George Street Brisbane, QLD 4000
State	Brisbane, Australia
City	Brisbane
Phone Number	(617) 3362-2222
Customer Care Number	13 11 55
Phone (complaints)	1300 362 992
Suncorp Bank head office Address	Brisbane Square, Level 28, 266 George Street Brisbane, QLD 4000