A periodical payment is an electronic transfer of funds to another account. The transfer can be set up as a one off or a recurring payment (weekly, fortnightly or quarterly) and can be to an internal or external bank account. They can also be set up via Bpay.
Periodical payments can be modified, suspended or cancelled at any time by accessing Online Banking or by calling us.
By setting up a periodical payment, you have more control over the transfer as the authority is held with Qudos Bank instead of the merchant or business.
- Change the date;
- Change the frequency;
- Change the amount; or
- Suspend the payment temporarily or permanently.