What is a future dated transaction?
A future dated transaction is one that you can schedule to happen in the future, rather than immediately. To set one up:
- Log in to Internet Banking and go to ‘Transfer money’.
- Set up a transfer in the ‘Timing’ section and select the ‘Recurring payment’ option.
For regular funds transfers and BPAY, you can set your transaction up to 60 days in advance, and up to seven days for online business banking payments.
Future dated transfers will be initiated on the day you’ve chosen, however the funds may not be available until the following day. Funds can take up to 48 hours to reach another financial institution.