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List of financial institutions partnering with the New Payments Platform

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

Updated

Fact checked

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.

Osko and PayID are two features of the NPP that allow customers to send and receive money instantly. However, these two features are slightly different, and banks can offer Osko payments without also offering PayID.

  • Osko: This is a payment feature developed by BPAY that enables you to send and receive money instantly, even between different banks. Usually this would take up to 3 days. You might have noticed the Osko logo pop up after sending money to someone recently, letting you know the transfer was made via Osko and therefore was made instantly.
  • PayID: Most banks that offer Osko payments also offer PayID. PayID is a personal identifier, nickname or ID for your bank account that can be used instead of your BSB and account number. Your PayID is usually either your phone number or email address. If your bank doesn't yet offer PayID, they might still offer real-time Osko payments.

Bank Account Offer

Suncorp Everyday Options Account

Suncorp Everyday Options Account

Bank Account Offer

Link up to 9 interest-earning sub accounts.
$0 monthly account keeping fees.
Earn interest on your linked sub accounts to help you save for individual goals, with no account fees to pay. Make contactless payments using Google Pay and Apple Pay.

  • Monthly account fee: $0
  • Linked debit card: Visa
  • ATM withdrawal fee: $0
  • Overseas EFTPOS fee: 3%
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Bank accounts with real-time Osko payments

Data indicated here is updated regularly
$
Name Product Card access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee
Suncorp Everyday Options Account
Visa
$0
$0
Link up to 9 interest-earning sub accounts.
$0 monthly account keeping fees.
Earn interest on your linked sub accounts to help you save for individual goals, with no account fees to pay. Make contactless payments using Google Pay and Apple Pay.
Westpac Choice
Mastercard
$0
$2,000
Special offer: $50 cash bonus for new customers (T&Cs apply).
$5 waivable monthly account fee.
Monthly account fee waived if you deposit at least $2,000 a month, are under 21 or if you meet other eligibility criteria. Access more than 50,000 ATMs globally for free via the Global ATM Alliance.
MyState Bank Glide Account
Visa
$0
$0
Simplify your everyday banking with these sleek digital features.
$0 monthly account fee.
Choose the way you pay with access to Google, Samsung and Apple Pay plus Fitbit Pay and Garmin Pay. Send and receive money in less than 60 seconds with PayID.
Citi Global Currency Account
Mastercard
$0
$0
Earn up to 1.15% p.a. interest on your AUD balance.
$0 monthly account fee.
Enjoy one linked debit card to hold up to 10 currencies and receive foreign currencies for free.
St.George Complete Freedom Account
Visa
$0
$2,000
Special offer: $50 cash bonus for new customers (T&Cs apply).
$5 waivable monthly account fee.
Monthly account fee waived if you deposit at least $2,000 a month. No account fees for students and customers under 21.
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Compare up to 4 providers

You can check the list below to see if you bank offers real-time Osko payments, PayID, or both.

Financial institutionReal-time Osko paymentsPayID Available
Adelaide BankNONO
ANZNoNo
Australian Military BankNoNo
Australian UnityNoNo
AMPNONO
Bank AustraliaNoNo
Bank FirstNoNo
Bank of MelbourneNoNo
Bank of usNoNo
Bank SANoNo
BankVICNoNo
BankwestNoNo
BCUNoNo
BDCU Alliance BankNoNo
Bendigo BankNoNo
Beyond Bank AustraliaNoNo
Border BankNoNo
CitiNoNo
CoastlineNoNo
CommBankNoNo
Community FirstNoNo
Credit Union SANoNo
CUANoNo
Defence BankNoNo
Easy Street Financial ServicesNoNo
Endeavour Mutual BankNoNo
Family First Credit UnionNoNo
Firefighters Mutual BankNoNo
G&C Mutual BankNoNo
Goulburn Murray Credit UnionNoNo
Greater BankNoNo
Heritage BankNONO
Horizon BankNoNo
HSBCNONO
Hume BankNoNo
Hunter UnitedNoNo
Illawarra Credit UnionNoNo
imb BankNoNo
INGNoNo
Macquarie BankNoNo
MENONO
MOVENoNo
MyStateNoNo
NABNoNo
Newcastle PermanentNoNo
Nexus MutualNoNo
Northern Inland Credit UnionNoNo
Orange Credit UnionNoNO
P&N BankNoNo
People's Choice Credit UnionNoNo
Police BankNoNo
Police Credit UnionNoNo
QBANKNoNo
Qudos BankNoNo
Queensland Country Credit UnionNoNo
RACQ BankNONO
RaboBankNONO
Regional Australia BankNoNo
Reliance BankNoNo
Rural BankNoNo
Service One Alliance BankNoNo
South West Credit UnionNoNo
St.GeorgeNoNO
SuncorpNoNO
Teachers Mutual BankNoNo
The MacNoNo
The MutualNoNo
UniBankNoNo
Unity BankNoNo
UBankNONO
UP BankNoNo
WestpacNoNo
86400NoNo
XinjaNONO

How does PayID work?

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.

Another feature of PayID is that after you've entered the person's PayID, it'll come up with their name so you can check you're sending the money to the correct person. 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.

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2 Responses

  1. Default Gravatar
    DebbieJune 14, 2019

    Is BankSA doing Osko payments yet?

    • Avatarfinder Customer Care
      JhezJune 14, 2019Staff

      Hello Debbie,

      Thank you for your comment.

      According to BankSA, Osko, as well as PayID are coming soon to them. There’s no date yet but you need to keep an eye out for a message in Internet Banking or the Mobile Banking app inviting you to set up your mobile number as a PayID.

      Regards,
      Jhezelyn

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