Why New Payments Platform (NPP) and fast payments via Osko?
We have been improving our digital payment offerings for Suncorp Bank customers. Moving to an increasingly cashless society, we understand our customers need to be able to transfer money online, to accounts at other banks, fast.
NPP is an industry-wide initiative, Australia’s newest way to enable transferring of money between participating banks in near real-time.
Osko is a service provided through the NPP that allows people to make fast payments to each other and get paid securely through their online banking. If you make a payment from an Osko enabled Suncorp Bank account to an Osko enabled account at another participating bank by using the Suncorp App, it will be received in under a minute.
Please note normal transaction limits apply to your accounts and these are set out in the Suncorp App Terms and Conditions. Osko and NPP won’t alter your existing transaction limits. However during your Osko fast payment you may be prompted to use the Suncorp Secured App to make transfers safer and protect your account against fraud.