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Home / Latest blog posts from LCU / 2017 / Osko - What you need to know

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A new, faster, and better way to pay is coming soon. It’s called Osko by BPAY and it’s the latest payment innovation to hit the finance industry.

You will be able to make and receive payments faster than ever before 24/7 via your internet banking or mobile banking app. It’s as fast as cash, without the hassle. Whether you’re paying a tradie, splitting a bill or giving money to family for something urgent - the money will be there in minutes.

If that doesn’t excite you, just wait, there’s more!

You can say goodbye to looking up your account details every time you need to give them out, PayID will let you use your mobile number, email or ABN instead of a BSB and account number. Find out more about PayID

What’s not to love about Osko?

  • Faster payments across over 50 financial institutions - and more are coming on board
  • 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 your BSB & account number
  • It’s 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

LCU is extremely pleased to be able to provide this latest innovation to our members at the same time as the major financial institutions do. We may be small, but we don’t let that stop us from keeping up with the big banks.

We’ll be keeping you updated as we get closer to the go-live date for Osko. Look out for our latest news on LCU’s Facebook page and website. 

To find out more, give us a call on 02 9859 0585, we’re always happy to have a chat.