Monday 21 September: Issue affecting online onboarding applications - We’re currently investigating an issue affecting some customers who are trying to lodge online onboarding applications. We’re sorry for any inconvenience this may cause and are working to resolve the issue as quickly as possible.

What is a periodical payment (auto transfer)?

< Back to 
Online Banking
FAQs

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.

How can we help?