BSB 805 050

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BSB 805 050

Fast Payments

The new era in everyday banking.

People’s Choice is part of the industry wide initiative, New Payments Platform (NPP) – the faster way to send and receive money. This is great news for People’s Choice members, who can now send and receive Fast Payments between participating financial institutions and create a PayID. 

What does this mean?

Previously, it could take up to 72 hours to transfer payments between financial institutions, but with Fast Payments, it takes just minutes.

How it works

Osko®

Osko is the payment service that makes it all happen! Osko facilitates Fast Payments between accounts at participating financial institutions.

PayID

You can make and receive Fast Payments by using BSB and Account Number or PayID.

PayID is convenient, as it links your account to easy to remember information. People’s Choice offers PayIDs linked to your mobile number or email address.

You can create your PayID securely through Internet Banking and the Mobile Banking App.

Benefits of NPP

Fast

You no longer have to worry about wait times, weekends or business hours because payments are delivered in minutes. Fast and Free. 

Secure

Your Fast Payments are delivered securely, while capturing the detailed records of your transaction. Fast Payments also brings the added security of PayID.  You can see your payees PayID name, showing who you’re paying before you confirm the payment. 

Convenient

Not only are your payments fast, you can also input a detailed description of your payment with up to 280 characters.

PayID also makes sending and receiving payments easier and more convenient, using a mobile number or email address instead of spending time looking up BSB and Account Number.

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