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Suncorp Bank announces major change to payments in Australia

by Abella
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Suncorp customers will no longer be able to deposit checks on their bills while Australia switches to online payment methods.

The bank, which has an estimated 1.2 million members, does not accept checks at bank branches, mail sales points or ATMs from Friday 14 February.

The payment method will be completely reduced from 1 March when checks can no longer be deposited from personal or business bank accounts.

Checks issued after 1 March will not be honored, but it is written before this date still processed by the bank.

Suncorp announced his customers on Friday about the changes on its website and in selected newspaper reports.

“The changes relate to upcoming changes to check deposits that are no longer available at Suncorp Bank and other related changes,” said the notification.

“Suncorp Bank orders customers to consider whether these changes will apply to their individual circumstances.”

The big bank said that the decision was not taken lightly, but added that it offered customers a new chance to update their payment methods.

Suncorp Bank announces major change to payments in Australia

Check -Deposits can no longer be done on Suncorp Bank accounts From February 14 and customers will no longer be able to issue checks from 1 March (shares)

After 1 March, checkbooks are not available with customers who encourage or send back to leftovers after this date.

Full details of the transition away from checks are available in a nine -pages document on the Suncorp website.

It comes after the federal government check payments will be phased out by 2030.

Centrelink said it would no longer accept in foreign currency controls and money as payment methods for debt repair on December 19, 2024.

Pensioners were informed of the switch to digital payment methods in the annual Australian Pension News (APN) publication of Services Australia.

“If you have to repay a Centrelink debt, you must now use another repayment method described in your debt letter,” said the update.

Checks are phased out in a staged transition plan and start with government agencies and departments with 'High Check Usage'.

Commercial and government controls will not be issued from 2026 and the government will not accept any check payments in 2028.

Australia has been set to completely gradually gradually gradually gradually gradually go out, while the country goes to online payments instead (stock image)

Australia has been set to completely gradually gradually gradually gradually gradually go out, while the country goes to online payments instead (stock image)

The use of the payment method in Australia is set to end completely by 2030.

In the 1980s, 85 percent of all non-continuous payments were checks, but they have long been surpassed by credit and payment cards and direct deposits.

Australia is far behind many other countries when phasing the use of use, where Denmark, for example, ends their use of checks in 2001.

Daily Mail Australia has contacted Suncorp Bank for comments.

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