It works similarly to direct debits – but it’s much better!

Just like a direct debit, PayTo allows you to make automatic payments from your bank account for anything from phone bills to flights or your gym membership. You can choose to use your PayID or BSB and account number to set up payments.

It’s better than a direct debit because you can set up your payment authorisation to merchants online, which is faster and easier than arranging for a direct debit authority. PayTo agreements (records of your payment authorisation) can be viewed, changed, or stopped within the security and convenience of your existing Mobile Banking app or Internet Banking, giving you more control over these payments.

PayTo will be available from mid-2022.

The Beyond Bank team is busy working behind the scenes to ensure we are ready to deliver a robust and user-friendly PayTo experience. We will provide detailed instructions on how to use PayTo as the launch date approaches.