Transfer money

Transfer Money

Easily transfer money between your accounts or to someone else in Internet Banking.

Need to transfer money overseas?

Bank First offers sending and receiving of international funds transfers that can clear in as little as three business days.

Learn more

Internal transfers

Internal transfers are transfers you can do between your own accounts. You can make instant internal transfers using Internet Banking and the Bank First App.

Pay someone

How do I make an external transfer?

Login to Internet Banking.
Select Pay.
Select Transfer Money.
In the From section, select the account you want to pay from.
For existing payee: In the To section, scroll down and select an existing payee.
- Select either - Standard Transfer or Osko.
For new payees, SMS One Time Password will be required: In the To section, select New Payee and;
- Select either Financial Account, Email address, Phone Number, ABN or Organisation ID.
- If you select Financial Account, enter the payee’s BSB Number, Account Number and Account Name.
- If you select Email address, Phone Number, ABN or Organisation ID, enter the payee's details.
Enter Amount.
In the When section, select Recurring.
Enter the frequency and when you would like the payments to start and end.
You can choose to enter a reference for the payment.
Hit Next and check all the details are correct.
Hit Submit.

You should ensure that you have sufficient funds available throughout the day to satisfy the payment. 

Can I schedule a transfer to occur at a later or recurring date?

When does the money for a payment come out of my account?

We will withdraw funds from your account on the date the payment is requested. If the payment is scheduled for immediate payment, funds will be withdrawn immediately.

If you have scheduled the payment, funds will not be withdrawn until that date.

If there are available funds in your account on the date specified for the payment, the payment will be processed between 9:30am and 4:45pm AEDT.

What happens if my future payment is made after 4.30pm, on a weekend or public holiday?

Your payment will not be sent until the next business day. Where a payment fails we will re-attempt payment twice a day for five (5) business days.

What happens if my future payment date falls on the weekend or a public holiday?

If a future dated payment falls on a weekend or public holiday, it will be processed on the business day preceding the weekend or public holiday unless the scheduled payment falls in a new month. These payments will be processed the following business day.

How long will it take for the money to reach the external account?

With a Standard Transfer it can take up to 3 business days depending on when the transfer is made - it can take longer when transfers are made late in the day, on weekends and public holidays.

With Osko, you can use a PayID to make payments and the money will be there in near real-time and is available all day, everyday.

What are the cut off times for external transfers?

For Standard Transfers the cut off time is 4:45pm AEDT.

With Osko there is no cut off time, you can use a PayID to make payments and the money will be there in near real-time and is available all day, everyday.

Can I use the POLi Payment online payment option when purchasing goods or services online?

No. We do not support the use of 3rd party applications such as POLi.

Type of transfer	Daily Limits (per Member) Effective 8 October 2024
Standard External Transfers	$5,000.00
OSKO	$5,000.00
Bpay	$10,000.00
International Online Transfers	$2,000.00

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Transfer Money

Internal transfers

Transfer Money

Internal transfers

Internet Banking

Bank First App

External transfers

Standard transferStandard transfer

OskoOsko

BPAYBPAY

Osko by BPAY - The faster way to pay

Osko by BPAY - The faster way to pay

International transfers

Pay someone

Transfer limits

Add payees, schedule and stop transfers

Osko by BPAY - The faster way to pay