FULL LIST: Financial institutions partnering with the New Payments Platform

Alison Banney 13 February 2018 NEWS

People on phones 738

Is your bank planning to offer real-time payments using PayID? Find out below.

The New Payments Platform (NPP) has officially launched today following months of speculation over its planned launch date. The world-class payments infrastructure is set to revolutionise the way Australians transact, facilitating real-time, data-rich transfers between customers of different financial institutions.

More than 60 banks and credit unions have already partnered with the NPP and are planning to offer real-time payments to customers via PayID and Osko. CommBank was the first major financial institution to offer the service to customers from today, with Westpac and NAB both confirming they will be staging the roll-out in the coming weeks. ANZ has confirmed it is still undergoing testing and has not confirmed when it will offer the service to customers, but it will also likely be in the coming weeks. Dozens of mutual banks and credit unions under Cuscal also launched PayID via Osko to customers today.

See a full list below of the Australian financial institutions which plan to bring customers over to the NPP and enable real-time payments via PayID and Osko in the coming months, including which have already launched the service.

Financial institution PayID with Osko status
ANZ Currently in testing, coming soon
Australian Unity Available now
Adelaide Bank Available in coming months
Bank Australia Available now
Bank of Melbourne Available in coming months
Bank SA Available in coming months
Bank First Available now
Bank VIC Available now
Bank of us Available in coming months
Bankwest Available in coming months
Beyond Bank Australia Available now
BCU Available now
Big Sky Building Society Available now
Bendigo Bank Available in coming months
Bankstown City Bank Available now
CommBank Available now
Citi Available in second half of 2018
The Capricornian Available now
Central Murray Credit Union Available now
Coastline Available now
Catalyst Money Available now
Community First Available now
Credit Union SA Available now
CUA Available now
Customs Bank Available now
Defence Bank Available now
Dnister Available now
Easy Street Financial Services Available now
Endeavour Mutual Bank Available now
Family First Credit Union Available in coming months
First Option Credit Union Available now
Ford Co-operative Credit Society Available in coming months
Firefighters Mutual Bank Available now
Greater Bank Available now
G&C Mutual Bank Available now
Goulburn Murray Credit Union Available now
HSBC Will not be available in 2018
Heritage Bank Available in coming months
Hume Bank Available now
Illawarra Credit Union Available now
ING Available now
imb Bank Available now
LLL Bank Available in coming months
The mac Available now
The Mutual Available in coming months
ME No launch date announced yet
MOVE Available now
MyState Available now
NAB Available now
Northern Inland Credit Union Available now
Nexus Mutual Available now
Newcastle Permanent Available now
Orange Credit Union Available now
P&N Bank Available now
People's Choice Credit Union Available now
Police Bank Available now
Police Credit Union Available now
Queensland Country Credit Union Available in coming months
QBANK Available now
Regional Australia Bank Available in coming months
Reliance Bank Available now
RACQ Bank Available in coming months
Comtax Credit Union Available now
SCU Available now
South West Credit Union Available now
SWSCU Available in coming months
St.George Available in coming months
The Rock Available now
Teachers Mutual Bank Available now
UniBank Available now
Unity Bank Available now
Warwick Credit Union Available now
WAW Credit Union Available now
Westpac Will roll out in coming weeks

PayID with Osko (developed by BPAY) will enable you to use a unique, easy-to-remember ID for your bank account to replace your BSB and account number. For example, if someone needs to send you money, you can simply give them your PayID. Your PayID will be something unique to you, like your mobile phone number or email address. When your bank has launched PayID to customers, it will invite you to register for your PayID via the Internet or mobile banking.

To learn more about the NPP and how it will benefit you, check out our comprehensive guide here.

The latest in banking

Get more from finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.
Ask a question
Go to site