New Payments Platform

A new, faster way of making payments is here!

Pay and get paid - in minutes

A new way to make online payments that's faster, easier, smarter and more secure has arrived!

Whether you're paying a tradie, splitting a bill or giving money to family for something urgent - the money will be there in minutes.

Plus, with PayID you'll no longer have to remember a BSB and account number when making or receiving a payment.

Register your PayID now

You can now create your PayID through the BankVic mobile app or online banking. It's super quick and really easy!

Log into internet banking now or launch the BankVic App to get started.

A PayID is a smart address for payments which is securely linked to a bank account. It can be an email address or mobile phone number. Your PayID will make life much easier as you won't need to remember your BSB and account number anymore. Then when someone needs to pay you, you simply give them your PayID.  

What's more is your PayID works seamlessly with Osko meaning you can receive payments in minutes rather than days!

Learn how to create your PayID

Don't have the App? Here's what you need to do

  1. Register for online banking (if  you haven't already)
  2. Download the BankVic app 
    Download now from the App Store Download now from the Google Play Store
  

About the New Payments Platform and Osko

So, what is it in a nutshell?

Australian financial institutions have come together to create the New Payments Platform (NPP), a new and faster way of making payments. It allows people to make faster payments to each other- between participating banks - that land within minutes.

Osko®, built by BPAY ™ is the way you can make these payments, through your internet banking or mobile App. They're fast payments that can be made at any time, even on the weekend. Together with PayID, sending and receiving payments will be easier than ever.

Why it's going to make life easier

Faster Payments

Faster
Faster payments across participating banks and financial institutions - made within minutes.

24 hours 7 days a week

24/7
Available all day, every day - even on weekends. You don't have to wait until Monday to receive a payment.

Easier with PayID

Easier
No longer do you have to remember your BSB and account number. Instead just set up a PayID that is linked securely to your account. Your PayID can be your mobile phone number or email address. How easy is that!

Secure payments

Secure
Osko is brought to you by us and backed by BPAY, so you know it's safe. PayID is unique to you and registered to your bank account.

Smarter

Smarter
You can use up to 280 characters to describe an Osko transaction. Plus you’ll see the description instantly in your transaction record. Now that’s a better way to understand your payments.


New terms and conditions 

From Friday 9 February 2018 users of BankVic internet banking and mobile apps are required to accept new terms and conditions relating to NPP, Osko and PayID. Members need to accept upon login and when setting up a PayID. 

IMPORTANT: Although accepting these terms and conditions is necessary, it doesn't mean you have to use Osko. All your existing functionality is still available regardless of whether you choose to use PayID and Osko. You just have another faster, simpler option for making and receiving payments should you choose to use it.

BSB: 704 230

Tools & Resources