Interest rate announcement: Following the RBA’s decision to change the official cash rate, interest rates for owner-occupier and investor variable loans will increase by 0.25%, effective 15 October 2026. From 15 October 2026, deposit rates across the majority of savings products will also increase by 0.25%. Find out more.

Monday 5 October: We've updated our Savings Accounts and Payment Services Terms and Conditions to reflect the retirement of barcode deposit books and to improve the clarity of certain terms. Learn more.

Why should I use PayTo?

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Why should I use PayTo?
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Why should I use PayTo?

PayTo is a modern, digital alternative to the current direct debit system. It gives you better:

  • Visibility – View payment details you set up from your bank account, like payee name, due date, and amount.
  • Control – Authorise, pause, resume, or cancel your payment agreements at any time.
  • Convenience –Set up a payment agreement with your PayID or BSB & account number.
  • Flexibility – Move your payment agreements between eligible accounts.

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