Customers with an Everyday Transaction Account, Online Savings Account, Business Online Savings Account or InterestME Savings Account can now receive fast payments, 24/7, from a number of financial institutions.

Fast payments are a feature of the New Payments Platform – a payments infrastructure delivering faster and simpler payments. We’re also working hard to deliver further New Payments Platform features.

Soon, customers will be able to:

• Send and receive Osko fast payments to and from participating financial institutions.
• Use simple PayIDs such as mobile numbers and email addresses (instead of BSBs and account numbers) to send and receive payments.
• Send and receive extended payment descriptions of up to 280 characters, including special characters and emojis.

We’ll keep you updated as we make these New Payments Platform features available. These are important steps to becoming a truly digital bank and will be joined over the coming months by a number of other products and services our customers expect from us.