Transferring funds within Australia

Introducing Bank of Melbourne Fast Pay

You can now send and receive transfers and payments between Bank of Melbourne transaction and savings accounts straight away with real-time payments.

It's easy

You don't need to choose the payment method in Internet or Mobile Banking, if you are transferring money between your accounts or making a payment to someone you have paid previously, the transfer should be done in real time automatically – so there's no waiting for money to arrive. 

Paying other people is easy too. You can transfer funds to anyone who has a bank account in Australia. You can also apply to redraw excess loan payments and order bank cheques.

Can I schedule transfers to process at a later or recurring date?

You can also schedule a transfer up to 24 months in advance, and set up recurring payments on a daily, weekly, fortnightly or monthly basis for up to 24 months in advance.

How to transfer funds online

Transferring funds is quick and easy:

1. Logon to Internet Banking
2. Click 'Transfers,Payments & BPAY', and then select the type of transfer
3. Fill in the details and follow the steps.

Questions?

Read our Transferring money FAQs.