Billpaying service

Our BillPaying service is one of our most popular accounts. Why? Because we pay all your bills automatically from your account, and if all of your bills come at once, we don't charge you interest if your account becomes overdrawn!*
*Terms and conditions apply.

We also don’t charge you any postage, cheque fees, BPAY costs or direct debit charges.

To open a BillPaying account, simply fill out your details on our application form and visit your local branch.

Here’s a simple example of how Billpaying works
Let’s say your bills total $17,400 a year. We work out how much you need to set aside by adding a 10% safety margin (a buffer) for bills to that are variable each time you get them (such as phone and electricity). In this example, you would need a total of $19,200 a year (which includes a monthly service fee) in your Billpaying account. If your salary is received fortnightly, you would deposit $738.46 each fornight (or $1600 per calendar month).

Month	Deposits Made	Bills Paid	Account Balance
1	$1,600	$1,095	$505
2	$1,600	$1,595	$510
3	$1,600	$1,420	$690
4	$1,600	$2,095	$195
5	$1,600	$1,175	$620
6	$1,600	$540	$1,680
7	$1,600	$1,395	$1,885
8	$1,600	$3,545	-$60
9	$1,600	$1,095	$445
10	$1,600	$595	$1,450
11	$1,600	$1,275	$1,775
12	$1,600	$1,575	$1,800
TOTALS	$19,200	$17,400	$1,800

	Here's all you have to do...
1.	Decide what bills to include in your Billpaying agreement Generally you’ll always remember the big bills but sometimes forget about the little ones in between that also add up. So here’s a list of the most regular bills that people receive and which you might like to include in your BillPaying service: Loan Repayments - Home, Car & Investment Properties Insurance - Home & Contents, Car, Health Council Rates Electricity Telephone Mobile Credit Cards & Fuel Cards Pay TV School Fees Gym/Sporting Membership
2.	Calculate the regular payment amount Once you’ve chosen all the bills you’d like included in your BillPaying service, we calculate your regular payment about by adding all the bills together with a 10% safety margin to account for any variable bills (such as phone and electricity), plus the monthly service fee. We then work out the number of pay days you have each year, divide the total amount of all your bills by this number to get your regular payment amount and approve and finalise your bill paying agreement.
3.	Send us your bills We will start paying your bills once we have received one twelfth (1/12) of the total contract amount in your account. You might even decide to just pay this upfront in order to get started straight away. As you receive your bills, just drop them into the branch (or scan and email or fax them to us if more convenient) in sufficient time before the due date and we’ll pay them for you. Remember to: Mark your member number on top of the bill Leave the bottom part of the bill intact as that has all the payment details, Biller Codes and reference numbers that we need in order to pay the bill. It's that easy!