No, from November all eligible payments will be sent as real-time, Osko payments via the New Payments Platform. If a recipients institutions isn’t enabled for NPP then you will be notified and the payment will be processed as a Direct Entry (EFT) payment where eligible.
This will usually take 24 - 48 hours to arrive in the destination account. Please note that funds transferred on a weekend or public holiday may take longer as they will leave your Qudos Bank account during the end of day processing on the next business day.
End of day processing occurs each weekday at 4pm.