4. Payments on Business Banking Online

Move money between your accounts, to other people or bills by clicking on the Make a payment arrow. You can find it on any one of these screens:

• Accounts dashboard
• Account detail screens
• Payees or billers lists.

Alternatively you can select Create a payment, then Transfer, payment or BPAY from the Payments menu.  

1. Select an account to transfer from
2. Select an account, saved payee or biller to transfer to

To pay a new payee or biller

        3. Select the Add new button.

Schedule payments in advance or set up a recurring payment by specifying the payment frequency to occur daily, weekly, monthly or quarterly. Find and manage Scheduled payments in the Payments menu.

TIP: Cleared funds must be available at least 1 day before a scheduled payment is due. A scheduled payment may be rejected if: There is an insufficient available balance in the account The payment exceeds the daily limit for the payment method, your daily Transaction Limit or Authorisation Limit, or An invalid account is selected.

PAYMENT CUT OFF TIMES:  Payments need to be submitted before 5pm (AEST) for the payment to be received the next day (may take longer for certain billers). Payments created and awaiting authorisation will remain in Payments in progress until they are submitted, or deleted.

If you need to pay someone urgently, you can now setup a Same Day (RTGS) payment. Simply tick the Same Day (RTGS) payment checkbox on the Transfer, payment or BPAY screen after a new, or saved payee has been selected.

You can create payments in bulk by selecting the Create a payment menu then Payment files from the Payments menu. Direct entry (DE) payments are a convenient, safe and reliable way to send or receive payments.

1. Create a new Direct Entry
2. Use a previously saved template
3. Import an ABA file which has been created in your accounting software.

Don’t have access to create Direct Entry (DE) payments? You’ll need to ensure that the company has been registered to create Direct entries. To register for Direct Entry (DE) access, complete the Direct Entry (DE) Credit User application form. If your company has been registered for Direct Entries and you need to create a payroll payment, ask your Company Administrator to provide payroll access on the account(s) the funds will be coming out of via the Company Admin screens in the Admin menu.

1. To import a Direct Entry (ABA) file which has been created in your accounting software, choose Import payment file from the Payments files screen
2. Enter a payment description
3. Select choose file and to select your import file saved to your computer.

You can pay someone overseas or in another currency by selecting the Create a payment menu then Overseas payment from the Payments menu.

Some countries require an IBAN or another internationally recognised number to process international payments. Ask your payee for this information. Make sure you check that the information provided is correct to ensure your payment isn’t delayed or rejected. Receipt of payment will depend on the other bank’s processing times.

If more than one Authorisation is required for the payment, please be aware that the foreign exchange rate may change between the time the payment is created and the time it is approved. For the latest foreign exchange rates, go to https://www.stgeorge.com.au/help/foreign-exchange-rates

Please note, there is a transaction fee for International Payments. See fees and charges for Business Online Banking in our Business Banking Online and Payment Services Product Disclosure Statement.

 

Don’t have access to perform Overseas payments? You’ll need to ensure that the company has been registered to create Telegraphic Transfers. To register for Telegraphic Transfers please complete the Amendment Application form. If your company has been registered for Overseas payments, ask your Company Administrator to provide Telegraphic Transfer access on the account(s) the funds will be coming out of via the Company Admin screens in the Admin menu.

Each payment created in Business Banking Online is required to be authorised and submitted before it is processed by St.George.

To authorise and submit a payment immediately (appropriate access level is required):

1. On the review screen of the created payment select the authorise button
2. Please see Payment Authorisation for further guidance.

TIP: To create another similar payment and authorise and submit at a later stage select the Create another payment button.

Payments in progress in the Payments menu allows you to review previously created payments and authorise and submit them, and to authorise and submit created payments in bulk. To authorise payments created previously:

1. Select the payment(s) you want to authorise
2. Select the Authorise button to authorise the payment(s). See Payment Authorisation for further guidance.

TIP: You can filter the payments viewed by their present status by clicking on the You are currently viewing menu.

 

A payment(s) can be selected for authorisation either as part of the payment creation flow or from Payments in progress.

 

TIP:  The payment can either be authorised then submitted as two separate actions or authorised and submitted as a single action by selecting the Authorise and submit button. Enter your token password Enter the token number on your device Select the Authorise button or the Authorise and submit button.

Don’t have a security device? You’ll need to be registered for a SecurID® token to access this area of Business Banking Online. To apply for a token complete the Authorised User – Authentication Device Application form and lodge it with us.

Exceeded your authorisation limit? You’ll need a Company Administrator to manage the limit set for you through via the Company Admin screens in the Admin menu.

 

1. Select the payment(s) you want to submit.

2. Select the Submit button to submit the payment(s).

3. Review your payments then select the Submit button to complete the transaction.

 

Once submitted most payments cannot be edited or deleted. Please review your payments carefully prior to submitting.