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Payments in a flash

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Tuesday, 8 October 2019

Real-time payments are here, the quicker way to make or receive payments.

To ensure our customers get the most out of their banking experience with us, we have implemented the New Payments Platform (NPP), an industry initiative in Australia to provide faster and easier payments across participating institutions.

From today ALL payments (excluding scheduled transfers and BPAY payments) whether you pay using a BSB and account number or a PayID identifier will be sent through this real-time platform.

What does this mean for our customers?

  • From today any payments you make will be sent in real-time, meaning funds will be available almost immediately to the recipient. (Excluding scheduled and BPAY payments).
  • Real-time payments will be available 24/7, this means you no longer have to wait 2-3 days for your funds to appear.
  • We have employed further security measures to help protect your personal information and transactions. For more on our security measures please visit https://www.qudosbank.com.au/Security
  • You can simplify the payments process by using a registered PayID, instead of sharing your BSB and account number.

Find out more about real-time payments and registering a PayID. Terms and conditions apply.

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