people on phones 450

FULL LIST: Financial institutions partnering with the New Payments Platform

Does your bank offer real-time payments using PayID? Find out in this guide.

The New Payments Platform (NPP), which officially launched in February 2017, offers world-class payments infrastructure that's set to revolutionise the way Australians transact. The platform facilitates real-time, data-rich transfers between customers of different financial institutions, and allows Australians to set up a PayID to use instead of their BSB and Account Number.

More than 60 banks and credit unions partnered with the NPP on the day it launched beach in February 2017, and already offer (or are planning to offer) real-time payments to customers via PayID and Osko. Dozens of mutual banks and credit unions under Cuscal launched PayID via Osko to customers on the day the NPP was initially launched.

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, including those which have already launched the service. For a detailed guide on what a PayID is, how to set it up and how to use it, read our guide to PayID here.

Financial institutionPayID with Osko status
ANZAvailable in Internet banking, coming to ANZ App soon
Australian UnityAvailable now
Adelaide BankAvailable in coming months
Bank AustraliaAvailable now
Bank of MelbourneAvailable in coming months
Bank SAAvailable in coming months
Bank FirstAvailable now
Bank VICAvailable now
Bank of usAvailable in coming months
BankwestAvailable in coming months
Beyond Bank AustraliaAvailable now
BCUAvailable now
Big Sky Building SocietyAvailable now
Bendigo BankAvailable in coming months
Bankstown City BankAvailable now
CommBankAvailable now
CitiAvailable in second half of 2018
The CapricornianAvailable now
Central Murray Credit UnionAvailable now
CoastlineAvailable now
Catalyst MoneyAvailable now
Community FirstAvailable now
Credit Union SAAvailable now
CUAAvailable now
Border BankAvailable now
Defence BankAvailable now
DnisterAvailable now
Easy Street Financial ServicesAvailable now
Endeavour Mutual BankAvailable now
Family First Credit UnionAvailable in coming months
First Option Credit UnionAvailable now
Ford Co-operative Credit SocietyAvailable in coming months
Firefighters Mutual BankAvailable now
Greater BankAvailable now
G&C Mutual BankAvailable now
Goulburn Murray Credit UnionAvailable now
HSBCWill not be available in 2018
Heritage BankAvailable in coming months
Hume BankAvailable now
Illawarra Credit UnionAvailable now
INGAvailable now
imb BankAvailable now
LLL BankAvailable in coming months
The macAvailable now
The MutualAvailable now
MENo launch date announced yet
MOVEAvailable now
MyStateAvailable now
NABAvailable now
Northern Inland Credit UnionAvailable now
Nexus MutualAvailable now
Newcastle PermanentAvailable now
Orange Credit UnionAvailable now
P&N BankAvailable now
People's Choice Credit UnionAvailable now
Police BankAvailable now
Police Credit UnionAvailable now
Queensland Country Credit UnionAvailable in coming months
QBANKAvailable now
Regional Australia BankAvailable in coming months
Reliance BankAvailable now
RACQ BankAvailable in coming months
Comtax Credit UnionAvailable now
SCUAvailable now
South West Credit UnionAvailable now
SWSCUAvailable in coming months
St.GeorgeAvailable in coming months
The RockAvailable now
Teachers Mutual BankAvailable now
UniBankAvailable now
Unity BankAvailable now
Warwick Credit UnionAvailable now
WAW Credit UnionAvailable now
WestpacWill roll out in coming months

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

Was this content helpful to you? No  Yes

Related Posts

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 Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site