How to move money
These are the main ways you can do your banking:
Daily transaction limits
- Internal transfers – $50,000 (between any Bank Australia accounts you are a signatory on)
- External transfers – $2,000
- International transfers – $2,000
EFTPOS, bills and ATMs
- BPAY – $10,000 ($2,000 via Phone Banking)
- ATM/EFTPOS cash withdrawal – $1,000
- payWave (under $100) – $1,000
- In-store purchases (insert card, select CR, and enter PIN) – up to the balance of the account
Want to change your daily transaction limit?
Contact us to make a one-off or permanent change to your transaction limits.
How long does it take to transfer money?
To Bank Australia accounts in Australia
Transfers are processed immediately and are available straight away.
To other banks in Australia
Nowadays, many transfers between Australian banks happen using Osko – you'll see the symbol when you do your transfer. Osko payments typically transfer in less than a few minutes.
Other payments (not Osko) are generally available on the next business day. Noting that if you make the payment after business hours, it could take an extra day (depending on the other bank’s processing times, too).
To get started, add your new Bank Australia card details to the digital wallet on your mobile, smartwatch and other compatible wearables.
Read more about mobile payments.
Bank Australia uses Western Union Business Solutions, a division of The Western Union Company, to receive and send international transfers.
Depositing cash and cheques
You can deposit cash or cheques at any Bank Australia branch or Post Office using your Visa Debit card.
Or you can mail cheques to:
Bank Australia, Reply Paid 507, Moe, VIC, 3825
(Please include a note with your account details.)