Most if not all Australian banks are now NPP (New Payments Platform) compatible. While for many, this means instant transfers of money to other Australian bank accounts, for some it means quicker transfers than normal.
We’ve identified the true compatibility of the major banks in Australia, with their realistic timeframes for Osko or NPP related incoming and outgoing transfers of money.
ANZ currently has 100% compatibility with our system. Incoming and outgoing transfers are instant.
NAB currently has 100% compatibility with our Instant Pay platform. Incoming and outgoing transfers are instant.
Using the Suncorp Bank App, you’ll have 100% compatibility.
Commbank currently has a 24 hour dispatch time on new instant payments for new accounts, and a 5 day wait period before instant payments to this new account are available. Instant Pay can still process your payment.
All Australian banks are NPP enabled however it may have outgoing payment restrictions that could slow down your payment.
Some banks process outgoing payments within 1 hour. Instant Pay can still process your payment.