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Can you give me an example of when I might need to use a fast payment?

Laura and Tim go out for dinner. The restaurant doesn’t split bills and Tim doesn’t have enough cash to pay for his share. Laura pays for the whole bill and Tim transfers his share of the bill to Laura using her BSB and Account Number or a PayID if she has one registered - she receives his share of the bill in under a minute, despite the fact they bank with different financial institutions.

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Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

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