Ways to pay

It’s the new way to make fast, easy and secure payments straight from your bank account. These real-time payments can be seen or paused in iBank, giving you more visibility and control over your money.

Some direct debits may soon switch to PayTo in iBank. Eventually, you’ll be able to use it for lots of other payments too, like in-app or online payments where you previously needed a card.

You don’t need to download a new app or sign up for anything. In fact, you won’t notice any changes at all unless you chose to use the PayTo option.

PayTo gives you more visibility and control over your payments. PayTo agreements can be authorised, viewed, paused or cancelled in iBank. But remember, cancelling doesn’t change your contractual arrangements with the business or merchant.

PayTo can be used as a modern and secure alternative to direct debit. Some businesses will start to move their existing direct debits to PayTo or use PayTo for new customers.

You’ll be able to see and manage your PayTo agreements in iBank. In most cases you shouldn’t need to do anything. But it’s worth checking the details, and if you have any concerns, you should reach out to the business you have set up the PayTo agreement with.

When you pay with PayTo, you can choose to use your PayID (mobile number or email address) instead of your BSB and account number. That means your account details stay private. And, agreements are approved in your online banking, a secure environment that reduces the risk of fraud.