Suncorp cuts fees to remove ‘biggest frustration’
Suncorp Bank has cut fees for its business and personal deposit customers.
The move follows research that the fees were one of the public’s biggest frustrations and a major factor when selecting an everyday bank account.
Suncorp Bank executive general manager of deposits and payments Bruce Rush said as a regional bank, Suncorp was leading the way in removing these fees for all customers.
“Collectively, we’re helping both small business and personal customers save millions of dollars as a result of these changes,” he said.
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Suncorp Bank customers with a personal deposit account will save up to $60 annually per account, and small business customers will save up to $240 annually for each account, depending on account type and account balance.
Suncorp used the example of one customer, Mark Johnstone, who potentially could save more than $1000.
“Running and owning a business can have its challenges. Every dollar saved is a dollar I can invest back into my business to grow for the future,” he said.
“I have been a Suncorp Bank customer for more than 15 years so it’s nice to see a bank making simple changes that will have a big and positive impact on people like me.”
