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Different ways to pay

Online payment options explained.

Different payment types exist to make life easier for customers, with each one serving a specific purpose.

To help make things easy, we take a look at some of your choices to explain the difference.

Whether you’re shopping online, paying bills, repaying a friend or topping up your savings - you can do it all securely in minutes.

PayID®: Get paid without sharing your bank account details

With PayID you can link an email or mobile number to your bank account for quicker and safer transfers. It only takes a couple of minutes to set up then you can send and receive money without other parties knowing your account details.

Some of the benefits include:

  • It’s super fast
  • It’s easy for anyone to use
  • There are no fees involved
  • It’s safe and secure.

It’s easier to check your money is going to the right person when sending or receiving funds as their name appears in the transaction description before payment is complete.

PayTo®: Manage payments from your bank accounts

PayTo puts you in control of what bills and payments are made from your accounts. It’s similar to the way direct debit works, except you enter into what’s known as a payment agreement with a payee using your ayID or BSB and account number.

They key difference with PayTo is that you are in control of the payment agreements you enter into, and you can view, authorise and manage your agreements via our app or online banking.

It’s particularly helpful for repeat payments, like subscriptions, memberships, and recurring bills; giving you more:

  • Control
  • Security
  • Visibility
  • Convenience
  • Flexibility.

Your details are stored securely in an independent system and being able to manage your agreements minimises the chance of missing payments.

BPAY®: Pay for bills

No more waiting in line or mailing payments. BPAY offers 24/7 service so you can pay over 45,000 businesses across Australia whenever you like.

  • It offers several helpful features including:
  • Scheduling recurring payments
  • Choosing advance dates for payments
  • Storing biller details for future use.

Pay Anyone: Using account details

Pay Anyone lets you transfer funds to both businesses and individuals, provided they have an account with an Australian financial institution. 

You can enter the recipient's bank account details, or use their mobile number with PayID. 

Osko®: Fast payments

Osko by BPAY is a payment method that functions in near real-time.

Depending on your bank, Osko may be built into your Pay Anyone feature or available as a separate payment type.

The main benefit of this payment type is you don’t have to wait days or even hours to receive money, funds are typically settled in less than a minute.

You can also transfer using PayID if you don’t want to share your account details.

Transfer: Move money between your accounts

This method is ideal for moving funds from your transaction account to a savings account and vice versa.

Simply select the from and to accounts, enter your amount and hit Transfer.

You can also set up scheduled payments to automate your savings goals or even manage eligible home loan repayments. 

 

This article is intended to provide general information of an educational nature only. Terms, conditions, fees, charges and credit criteria apply. Information in this article is current as at the date of publication.

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