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How to receive payments with Osko

This is what you'll need to do to start using Osko today.

  • Log in to your LCU - Banking App
  • Tap on Transfer from the home screen
  • Tap PayID
  • Press the + button (Android) or the Add New button (iPhone)
  • Choose the contact you'd like to use for your PayID (mobile number or email - note that these must be your registered contact details with LCU)
  • Select the account you would like the PayID to be attached to and then press Confirm/OK
  • Read the Terms & Conditions then tap OK

You are now ready to start receiving payments with Osko.

Next time someone asks for your account details you can give them the PayID you have just registered (As long as the financial institution they are using offers Osko too). When they make a transfer to you, you'll see the funds arrive in your account seconds after they click confirm (even on the weekends!)  

If you are a business account holder and wish to register an ABN or Organisation ID please contact us as we will need to set it up for you. 

How to send payments with Osko

When you next tap Pay others/To others from the Transfer Menu and tap the + or Add new button you will be presented with the option to enter an account, phone number, email address, ABN, organisation ID, or to enter your phone contacts. 

Upon selecting one of the transfer method options and entering a valid PayID, once you click away from the field, the name of the person or company will be shown below it. This allows you to confirm that the PayID belongs to the person or business you intend to transfer funds to. If you select an account and the receiving institution offers Osko, you wil be able to choose whether the payment is sent as a standard transfer or via Osko. 

From there the options are identical to what they were previously, you still have the ability to schedule future-dated, as well as recurring payments. The reference on your statement is still limited to 35 characters but the Message to Payee now allows up to 280 characters. 

The Osko daily limit is $500.00. To request an increased limit, please contact LCU. For this option you must have SMS One-Time-Password Security active on your internet banking.*

Once you click next, confirm the details of the transfer and finalise it, the funds will be in the recipient's account moments later.   

Fun Facts

  • You may be able to send an OSKO payment using a BSB and account number IF the payee's Financial Institution offers Osko and has the required setup
  • Payments coming from other financial institutions sent via Osko with a BSB and account number will arrive in your account immediately because LCU has the Osko infrastructure.
  • You don't have to do anything to benefit from Osko today!

Related Information

As always, if you have any queries please contact us on (02) 9859 0585, on or you can complete our secure online enquiry form

*Increased limits are subject to LCU's discretion