Which Banks Use Osko in Australia ? [Full List]

Which Banks Use Osko in Australia ? [Full List]

Osko has become a game-changer in the world of banking, revolutionizing the way Australians transfer money. If you’re looking to make fast and secure payments, it’s essential to know which banks in Australia are on board with Osko. In this guide, we’ll explore the banks that have embraced Osko, providing you with a comprehensive overview and a handy table for quick reference.

Understanding Osko

Osko is a service backed by BPAY that allows for near-instantaneous money transfers between participating banks. This means no more waiting for hours or days for your money to reach its destination – Osko transactions happen in a matter of minutes, making it an ideal choice for quick payments, such as splitting bills or paying a friend back.

Banks Utilizing Osko: Who’s In?

Most major banks in Australia have integrated Osko into their banking platforms. Here are some of the prominent banks that offer Osko:

  1. Commonwealth Bank
  2. ANZ
  3. Westpac
  4. National Australia Bank (NAB)
  5. ING Direct
  6. Bank of Queensland (BOQ)
  7. ME Bank
  8. Suncorp

Osko-Enabled Banks

BankOsko Integration
Commonwealth BankYes
ING DirectYes
Bank of Queensland (BOQ)Yes
ME BankYes

Note: While these major banks have generally integrated Osko, it’s advisable to confirm the latest information with your specific bank, as these details might change over time.

How to Use Osko: Making Speedy Payments

Using Osko for transactions is typically straightforward. Here’s a general guide:

  1. Log in to Your Online Banking: Access your bank’s online banking platform.
  2. Initiate a Payment: When making a payment, look for the option to use Osko. This might be labeled as “PayID” or “Instant Payment.”
  3. Enter Payment Details: Provide the necessary details, including the recipient’s PayID (such as their email or phone number) and the payment amount.
  4. Confirmation: Review the details, and once you’re sure everything is correct, confirm the payment.
  5. Swift Transaction: Thanks to Osko, your money should reach the recipient almost instantly.

Benefits of Using Osko

  • Speed: The primary advantage is the speed of transactions, making it perfect for time-sensitive payments.
  • Convenience: Osko eliminates the need for lengthy account numbers and allows payments using PayID, such as an email or phone number.
  • 24/7 Availability: Osko operates 24/7, meaning you can make payments whenever you need to, even outside regular banking hours.
  • Secure Transactions: Osko transactions are secure, utilizing the security features of the participating banks.

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