Merchant facilities are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL 229882 (“Suncorp Bank”). Approved applicants only. Terms and conditions, fees and charges apply and are available on request.
Business Premium Account is issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No: 229882 (“Suncorp Bank”). Eligibility criteria, conditions and fees apply and are available on request. Please read the relevant Product Information Document www.suncorp.com.au/banking/help-support/documents-forms.html before making any decision about this product. For a paper copy visit your local branch or contact us on 13 11 55. Insurance issued by AAI Limited ABN 48 005 297 807 trading as Vero Insurance.
Products and services including banking, superannuation and insurance (including home and car insurance) are provided by separate companies in the Suncorp Group. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking products or services it provides and not the products and services of other companies in the Suncorp Group. eftpos® is a registered trademark of eftpos Payments Australia Limited ABN 37 136 180 366. Any advice does not take into account your particular objectives, financial situations or needs, so you should consider whether it is appropriate for you before acting on it. Information is intended to be of general nature only. We do not accept any legal responsibility for any loss incurred as a result of reliance upon it – please make your own enquiries.
*The 12-month free merchant terminal rental offer is available for applications for new merchant facilities for new and existing customers who apply for and open a new merchant facility. Merchant customers must hold a Suncorp Bank business transaction account in the same name as the Suncorp Bank merchant facility. Offer valid until 31/12/2020 and can be withdrawn at any time. If eligible, customers will have the applicable merchant terminal rental fee waived for the first 12 months from when the facility is established. The offer is only available for applications for new merchant facilities and cannot be extended to additional terminals after the application has been processed.
†Suncorp Bank cannot guarantee savings/lower merchant fees for all merchants that enable least cost routing on their terminals as this is dependent on the merchant’s industry, card types used to process payments, the value and volume of transactions and the merchant’s pricing plan. The least cost routing functionality only works with payments made using a physical card. Payments made using a phone or any other device (i.e. watch or phone), will still be routed via the credit card network.
The Least Cost Routing limit will depend on the merchant’s pricing plan and is set to a default position, where the transaction fees are the same to process transactions via both the eftpos® and Credit Card network. Some bank-issued scheme debit cards have a maximum daily card limit on eftpos® transactions up to $1000 depending on the card issuer. If one of these cards is used where the transaction value exceeds the daily card limit, the transaction will be processed via the credit card network and the credit card fee charged. Any scheme debit card contactless transaction valued equal to or under the transaction limit will continue to be processed via the credit card network and the credit card transaction fee charged.
^Same day settlement is only available where the proceeds of card sales are credited to a Suncorp Bank Business Account on the same day for transactions processed before 21:00 (AEST-Brisbane time), seven days a week. Merchant customers must hold a Suncorp Bank Business Account in the same name as the merchant facility.
#Non Suncorp Bank and Non-rediATM withdrawals and enquiries may include an operator fee.
** Offer is available to new Suncorp Bank customers only, who apply for and open a new merchant facility. Limit of one payment per merchant, regardless of the number of terminals approved. The $100 cash payment will be credited to the customer’s business transaction settlement account held in the same name as the Suncorp Bank merchant facility within 60 days from when the facility is established. Offer valid until 27/11/2020 and can be withdrawn at any time.