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Our verdict

Pay no monthly fees and see an estimate of the carbon emissions associated with each transaction you make.

This account is the first of its kind in Australia to show you estimated carbon emissions for your transactions. If reducing your carbon emissions and lowering your environmental impact is important to you, this account can help you do just that.

You’ll see estimated carbon emissions for your purchases in the Suncorp app, which is based on the industry the transaction is associated with and the size of the transaction. From here, you can make conscious decisions to avoid purchases that you know are associated with high carbon emissions.

As well as being carbon neutral, you can also create up to 9 mini sub accounts which could come in handy if you like to divide up your spending to help you budget.

Pros

See carbon emission insights for your transactions
No account keeping fees
No foreign transaction fees

Cons

Overseas ATM fees apply

The Suncorp Carbon Insights Account is a certified carbon neutral transaction account. This account shows you an estimate of the carbon emissions associated with the transactions you make, so you can make purchase decisions based on lower carbon emissions. The account also charges no monthly transaction fees and no foreign currency conversion fees, with no monthly conditions to meet.

Details

Key Details

Product Name	Suncorp Carbon Insights Account
Monthly account fee	$0
Card access	Visa
Own network ATM fee	$0
Monthly deposit required to waive account fee	N/A
Contactless Payments	Apple Pay, Google Pay

Eligibility

Minimum Age	11
Joint account availability	Yes
Minimum opening deposit	N/A
Residency status	Permanent Australian residents with an Australian address

Key features

See carbon emissions insights for your purchases

You can see the estimated carbon emissions associated with each purchase you make in the Suncorp mobile banking app. These emissions are calculated by assigning each purchase you make to a particular industry and applying this to the transaction size.

By seeing the carbon emissions associated with your purchases, you can choose to switch to purchases to those with lower associated carbon emissions and make more conscious purchase decisions.

Certified carbon neutral transaction account

The Suncorp Carbon Insights Account is certified to be carbon neutral by Climate Active in Australia. This certification is applied when a product demonstrates a real commitment to reduce carbon emissions.

No account keeping fees

There are no monthly account keeping fees charged, and no monthly deposit conditions to meet,

No foreign transaction fees

There are no foreign currency conversion fees charged when you make purchases online or overseas using your Suncorp Visa Debit Card.

Open up to 9 sub accounts

You can open up to 9 smaller sub accounts to your Carbon Insights account to help you manage your spending and budgeting.

PayID and Osko available

You can make easy, instant payments to other bank accounts using PayID and Osko.

Suncorp app

You can keep track of your spending, pay bills and transfer money all within the Suncorp app. You can also see your past transactions and their associated carbon emissions via the app.

How to apply

You can apply online for the Suncorp Carbon Insights account in a matter of minutes.

Eligibility

Minimum age. Account holders must be a minimum of 11 years of age.
Residency requirements. You need to be a permanent resident of Australia for tax purposes with a legal Australian residential address.

Documentation needed

Tax file number. If you do not provide your tax file number (TFN) or exemption code Suncorp Bank is required by law to deduct from your interest earnings a withholding tax at the highest marginal rate.
Identification. You'll need to verify your identity with your driver's licence, Medicare card or Australian passport.

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Suncorp Carbon Insights Account

Pros

Cons

Key features

See carbon emissions insights for your purchases

Certified carbon neutral transaction account

No account keeping fees

No foreign transaction fees

Open up to 9 sub accounts

PayID and Osko available

Suncorp app

How to apply

Eligibility

Documentation needed

Sources

Your reviews

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