What is a periodical payment (auto transfer)?

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.

You can:

• Change the date;
• Change the frequency;
• Change the amount; or
• Suspend the payment temporarily or permanently.

BPAY is a registered trade mark of BPAY Pty Ltd ABN 69 079 137 518.