PayTo is a new account-to-account payment system built on Australia's New Payments Platform (NPP). It is an alternative to direct debits (BECS). It is a secure payment option that lets you pay directly from your bank account using your BSB and account number. It gives you more visibility and control over your payments in your online banking.
PayTo processes bank payments in near real time in comparison to old 1-3 business days that old direct debits usually take.
Feature | PayTo top-ups | BECS (direct debit) |
Speed | Instant or near real-time | 1–3 business days (batch processing) |
Authorisation | Pushed directly to banking app for approval | Signed forms or verbal agreements |
Consumer control | View, pause, or cancel via banking app | Contact the merchant directly to cancel |
Availability | 24/7 including weekends and public holidays | Business hours only |
This means that top-ups from your bank account that used to take up to 3 business days to settle will now be instant or near real-time.
There will be no delays due to Business hours or public holidays.