Take control of payments from your bank account
PayTo
PayTo is a fast, efficient, and secure way to digitally pre-authorise payments from your bank account.
The New Payments Platform (NPP) enables banks, building societies and credit unions to support PayTo for their payer customers from mid-2022. Once available, PayTo will roll out progressively, as merchants, businesses and third parties such as fintechs offer PayTo as an alternative payment method.
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Make easy, quick and secure payments from your bank account.
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See all the PayTo agreements you’ve set up from your account. You can authorise and maintain your agreements all from the one place.
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See when your payments are due, so you have enough funds in your bank account to avoid late payment fees or charges.
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Choose to use either a PayID or a BSB and account number.
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Rest easy knowing that, because PayTo agreements can be found in your internet or mobile banking app, your information is protected by the same level of security as the rest of your banking data.
You're in control
View and manage payments from your bank account, giving you up to date, real-time visibility of your payments.
Convenience
An easier way to make payments from your bank account. You can use either a PayID or a BSB and account number, making it simple to set-up a payment on the spot.
Secure
Manage your PayTo transactions and agreements within the security of your existing online or mobile banking, enabling you to keep track of your payments from the one place.
The way it works
PayTo agreements are stored centrally in a secure and encrypted database managed by NPP Australia, the organisation that operates and oversees the New Payments Platform.
The initial step is to pre-authorise a PayTo agreement. This agreement contains the payment terms agreed between the payer customer and the business or merchant.
Among other uses, PayTo could be used as a fast and efficient alternative to the current direct debit system. It supports a range of different payment types, including fixed or variable payment amounts and payment frequencies.
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