We've looked to the future and searched for new ways for you to get the most out of your banking. So we've jumped onboard with several other banks and financial institutions to bring you a nationwide initiative called the New Payments Platform - also known in the banking world as NPP.
If you're a Member with us you can benefit from payments being processed almost straight away and in real time between other participating financial institutions in Australia.
Now you don't have to wait 24 to 72 hours to receive the $50 your friend owes you from dinner the other night as you'll receive it straight away. And instead of sharing your BSB and account number, a simple PayID is all you need!
Learn more
PayID
NPP has now launched for Queensland Country Bank Members, so you can now register your very own PayID, such as your mobile number or email address, to an eligible Queensland Country account to receive payments. A PayID is unique to you and you only and saves you having to remember your BSB and account number.
Osko
Osko by BPAY is what makes your payments so speedy! It was developed specifically for NPP so you don't have to wait hours or days for a payment to be received. This service will come in handy when paying at a group dinner, socialising, or even paying the plumber on the spot.
Key tips
We've shared some important tips to ensure your experience using the NPP is working effectively and as expected.
- PayID is what makes paying someone or receiving an external payment so simple and easy! We encourage all our Members to create and register a PayID to avoid issues that can occur when using account details to send or receive an NPP payment in real time. To learn more about PayID and how simple it can work for you watch this video.
If you do not have a PayID with Queensland Country Bank and would like to receive payments into your Queensland Country account (payee) via an NPP payment you will need to keep in the mind the following:
- Using a PayID that is registered with us and attached to your eligible Queensland Country Bank account is our preferred method to receive payments via the NPP system. Learn more about how to register a PayID with Queensland Country Bank.
- If you still want to receive a payment into your Queensland Country Bank account (payee) quickly and in near real time from another financial institutions (payer) and without using a PayID, you must use our BSB that is enabled to receive NPP payments 654 099. Your account number will remain unchanged.
- If your other financial institution has not launched the NPP system and functionality to their customers, you will need to use our standard BSB 704 640. This means your payment into your Queensland Country Bank account (payee) will go via Direct Entry and may take up 48 to 72 hours to be received.
- To avoid payments rejecting we recommend checking with your other financial institution to confirm they are able to send a payment via the NPP system or if you’re not sure please use our standard BSB 704 640. This will ensure your payments is received with no issues and may take up to 48 to 72 hours to appear in your account.