At a glance…
- A BPAY® Biller service enables you to collect payments from invoices issued to your customers easily and efficiently using the BPAY® Scheme.
- Details of the transactions are recorded on your regular account statement.
- You can also elect to receive details of your transactions in an electronic file.
- The funds from payments are credited to your account each day.
Information on individual payments can be provided in two ways:
BPAY® Standard: Is designed for customers who issue large numbers of invoices. Funds collected via the BPAY® Scheme are credited to your account as one single amount.
BPAY® Direct: Is specially designed for customers who issue fewer bills. Each transaction collected via the BPAY® Scheme is credited to your account individually.
| Feature |
Description |
| Improve your cash flow |
- Manually processed payments or those in transit can significantly reduce the cash position of your business.
- Not only can BPAY help to increase cash flow, depending on your current payment collection method, it can assist in decreasing collection costs and reduce administration time.
|
| Access cleared funds |
- Every business banking day, all payments (online and phone) will be deposited to your account
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| Easy reconciliation of payments |
- Daily payment files are provided allowing for easy reconciliation of funds and payment information.
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| Treat your customers |
- BPAY will also make life easier and more convenient for your customers. With BPAY, standing in queues and posting cheques can become a thing of the past.
- Your customers can pay your bill with just one phone call or during one internet banking session.
- They can choose to pay from their cheque or savings account or, if you give them the option, their credit card account*.
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Ready to Apply?
You can apply for a BPAY Biller facility by phoning a Business Banking Manager.
