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Fast Payments are coming

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Fast payments are coming to BDCU Alliance Bank. Thanks to PayID and Osko, you will soon be able to send and receive funds in real-time, 24 hours a day, 7 days a week, while using just an email address or a mobile phone number.

We are currently testing these new features and will be introducing them later this year. But to prepare for these exciting changes, please make sure that your contact details are up to date: log-in to Internet Banking and click on the My Preferences tab to change your details, or contact your nearest Advice Centre. If you have Payroll Split set up we need you to contact us on 02 4860 4000. 

What are PayID and Osko?

PayID is all about simplifying the payments process by using information that is easier to remember than traditional BSB and Account Numbers. BDCU Alliance Bank Members will be able to set up PayID online using email addresses or mobile phone numbers. Business Members will have the extra option of setting up PayID using a company name or ABN by visiting one of our Advice Centres.

Once PayID has been set up, you will be able to take advantage of the brand-new Osko service. You will be able to ‘Osko’ funds to each other via mobile or internet banking, in real-time, 24 hours a day, 7 days a week.  You will also be able to send messages of 280 characters along with your Osko payment, including emojis!

For more information, why not give us a call on (02) 4860 4000.


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