What is the New Payments Platform (NPP) and Osko fast payments, and how do they work?
Using the Suncorp App, you can make an Osko fast payment from most Suncorp Bank personal and business bank accounts to another account by using a PayID or to an account at another Osko participating bank by using a BSB and account number (PayID is available for personal accounts only). Just transfer money as you usually would, and Osko will be enabled automatically, sending your funds in under a minute. Fast payments are eligible with these Suncorp Bank accounts:
- Everyday Basics
- Everyday Essentials
- Everyday Options
- Everyday Options sub-accounts
- Growth Saver
- eOptions Account
- 55 Plus Account (except passbook accounts)
- Cash Management Account
- Wealth Cash Management Account
- Business Premium Account
- Business Saver Account
If your account is not listed above, please refer to the Product Information Document or Schedule of Fees and Charges applicable to your account to see if it is able to send and receive Osko fast payments.
It’s important to note that transaction limits apply, as per the Suncorp App Terms and Conditions. You may also be prompted to use the Suncorp Secured App and a Security Token to make some higher-value transfers. Read this guide for more information on how to use a Security Token.