With the ongoing decline in cheque usage, we’re working towards phasing out cheques
Australia’s payment landscape is changing. More Australians are leaving behind their chequebooks and choosing simpler, more reliable and immediate electronic payments. This decline has led to us introducing some changes to the way cheque payments are supported.
Important information
Existing and new customers
- Chequebooks will no longer be reissued or available to reorder on all new or existing accounts. Customers with existing chequebooks will be able to retain these.
- As we move towards the overall removal of cheques as a payment and deposit service, we will keep you updated on the timing of any additional changes.
Better ways to pay
There’s never been a better time to familiarise yourself with our faster, simpler and more reliable electronic payment methods.
Personal payments
Pay Anyone & Osko
Use the Bendigo Bank app or e-banking’s to make secure payments to other people’s bank accounts with the Pay Anyone feature.
Or choose Osko to send and receive money almost instantly between financial institutions 24/7.
BPAY®
Australia’s preferred way to pay bills.
Pay quickly, easily and securely at home, at work, or on the go.
BPAY® even lets you schedule payments for a later date.
Card payments
Make fast, online payments worldwide with a Bendigo Bank Mastercard® Credit or Debit card.
Perfect for online shopping and available 24/7.
Business payments
Pay Anyone & Osko
Pay Anyone offers simple payments to BSB and account numbers.
Osko allows you to send and receive money almost instantly between financial institutions 24/7.
BPAY®
Pay quickly, easily and securely at home, at work, or on the go.
BPAY® even lets you schedule payments for a later date.
Credit card payments
Make fast, online credit card payments to your suppliers worldwide with a Bendigo Bank Business Mastercard®.
Bulk Payments
Whether it's payroll or payments to creditors, Bendigo Bulk Payments is a quick and easy transfer solution.
Save time and money by managing your cash flow more effectively.
Receiving business payments
PayID
PayID is a simpler way to receive payments.
It replaces the need to provide details such as your BSB and account number making it easy for your customers to pay you.
EFTPOS
Take payments from the world’s most popular credit cards, charge cards and digital wallets.
EFTPOS payments are secure, settled quickly, and supported by the Bendigo Bank team.
Direct debit
Improve your cash flow by taking control of your ongoing receivables like subscriptions, fees and donations.
Direct debits allow you to debit your customers’ accounts for ongoing payments.
BPAY® Biller
BPAY® is Australia’s preferred way to pay bills.
Make it easy for your customers to pay you via their internet banking as a BPAY® Biller.
Need help?
Speak with your local branch or give us a call.
Typical cheque payments and alternate payment options
| Payment activity | Payment options that may be suitable |
| Pay a bill |
|
| Pay a friend or send a gift |
|
| Send money overseas |
|
| Pay instalments |
|
| Make a payment at auction |
|
| Business & Club payment activity | Payment options that may be suitable |
| Pay an Invoice or Supplier |
|
| Settle a property purchase |
|
| Payroll and payments to creditors |
|
| Make a same day high value payment |
|
| Cash withdrawal for Petty Cash/Register |
|
| Club or Pub - Gambling machine payouts |
State laws dictate that clubs and pubs can pay gambling machine payouts via Electronic Funds Transfer. See below for legislation in each state: |
Still receiving cheques?
If you receive cheques such as payments from the Government, from customers, or as shareholder dividends, consider giving them your BSB and account number. This will provide faster, more convenient, and more secure payments direct to your bank account.
Frequently Asked Questions
Why are you phasing out cheques?
Australia’s payment landscape is changing. More Australians are leaving behind their cheque books and choosing simpler, more reliable and immediate electronic payments.
In light of this, many Australian banks are reviewing the direction of cheques in the future.
With cheques now used less frequently, we’re introducing some changes to the way our cheque payments are supported.
Can I still order cheque books?
Cheque books are no longer able to be ordered by new and existing customers. Your current cheque books will remain valid until we stop offering cheques as a payment service.
Can I still deposit cheques at an ATM?
Yes, our ATMs will continue to accept cheque payments until we stop offering cheques as a payment service.
What will happen to the CHQ option on my card?
These changes only relate to cheque books and cheques there will be no changes to your debit cards functionality.
I have a cheque account what does this mean for me?
As these changes only relate to cheques and cheque books, your account will remain as a transaction account.
Things you should know
Mastercard
Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
