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News & Insights

For all the latest news and events

News & Insights

For all the latest news and events

Introducing NPP & PayID

Summerland will soon be offering simpler and faster payments with the New Payment Platform (NPP). 

From 8th October 2019 Summerland customers will be able to make payments via the NPP in near real-time, 24 hours a day, any day of the week.  All without the hassle of trying to remember your BSB and account number. 

All you will need to take advantage of this innovative payment channel is access to Summerland’s internet banking service or the Summerland banking app.

Changes to our Account & Access Facilities Conditions of Use We have added new clauses to the Summerland Account & Access Facilities Conditions of Use section for Osko Payments, namely: Section 23 Using Osko Section 24 Processing Osko Payments Section 25 Scheduled & Recurring Osko Payments Section 27 Authority to Recover Mistaken or Misdirected Payments The most significant change is Section 27 where you authorise us to recover mistaken or misdirected payments made to your account and return the payment to the payer. You will be bound by these changes when you make your first Osko Payment. Changes to our Fees, Charges and Transaction Limits Essential Access package has no monthly access fee and a number of free electronic transactions per month as shown below. From 1st November 2019 Essential Access electronic transactions will include NPP payments (including Osko Payments) as shown below. Essential Access electronic transactions include direct debits, eftpos, NPP Payments (including Osko Payments), external funds transfer via internet banking or the banking app (inc. auto transfers).

Learn more about NPPOsko and PayID

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