Osko & PayID
Pay and get paid faster
Osko by BPAY™
Pay and get paid faster
Osko® is a new way to pay with your CMCU Mobile Banking App that's as fast as cash - without the hassle of cash.
Whether you are paying a tradie, splitting a bill or giving money to family for something urgent - the money will be there in minutes. You just use your CMCU Net Banking or CMCU App 24/7.
Whats not to love about Osko®?
- Faster payments across over 50 institutions - and more to come
- Available all day, every day - even weekends
- You can use a PayID to pay and get paid with something simple like a registered mobile, email or ABN. Or you can still use a BSB & Account Number.
- Its backed by BPAY and us, so it's very secure
- You can use 280 characters of text to describe who's getting paid and why
- Osko will be available on all CMCU savings accounts
How to use Osko®
The NPP will allow CMCU members to transfer funds from their account via Osko® to another account (with CMCU or with any other Financial Institution on NPP) quicker, easier and safer.
Osko® is the payments service that has been created by Bpay.
Osko® payments are sent from your CMCU Net Banking or CMCU App using a PayID (such as a mobile phone number, email address or ABN) instead of using BSB and Account number information. You will receive confirmation before the funds are sent that you are sending to the correct person and the funds should be received in real time – no more waiting 24-48 hours!
To make sure that you are ready to use Osko® payments when the service launches later this year, make sure:
- You have registered for CMCU Net Banking and CMCU App
- Your mobile phone number and email address are up to date
Find out more about PayID
- It allows people to make payments in near real-time.
- Available 24x7. Send or receive money any time of day or night
- Greater information. Send more information with each payment, rather than just 55 characters
- Simpler to transfer. Transfer money to someone using their mobile number, email address or ABN (known as a Pay ID), rather than using their BSB and account number. When you transfer money using the NPP you will receive confirmation that it’s going to the right place.
- Easy to receive. Money can be sent to you via your mobile number, email address, etc. rather than giving out your BSB and member number.
- For more information on Pay ID's click here
Want to know more about Osko®?
Visit the Osko Website
For more information about the New Payments Platform click here
