A new way to pre-authorise payments
from bank accounts
What is PayTo?
PayTo is a new, digital way for merchants and businesses to initiate real-time payments from their customers’ bank accounts.
It’s the smart way to do business, with real-time, reliable payments to help business run that little bit smoother:
- Remove the uncertainty of making and receiving payments from bank accounts with real-time account validation, fund verification, and notifications at various stages of payment
- See when a payment agreement is paused, changed, or cancelled
- Reduce the chance of dishonours and disputes
PayTo enables businesses to thrive in a digital economy with fast and secure payments that keep money moving 24/7.
From phone bills to flights, or your music subscription – PayTo gives you more control over payments from your bank account, to help make life admin that little bit easier.
Use your bank account to pay your way:
- The ability to view and manage PayTo agreements in your internet or mobile banking
- See payments you’ve set up from your bank account in one secure place
- PayTo agreements are portable, so you can easily move
them between accounts and banks
- Choose to use your PayID or BSB and account number,
making it easy to set up payments on the spot