In Australia, “instant bank transfer” usually means the New Payments Platform via Osko or PayID, which moves money in seconds, 24/7.
Most big banks support it, though daily limits and first‑time payee checks can slow things down like a ute towing a caravan up Bulli Pass.
Expect near‑instant for verified payees; small delays happen if the bank’s fraud bots get twitchy.
Fees are typically $0, but business accounts and high‑risk transactions may be treated differently.
It’s domestic only—international wires still plod along like a Monday morning.
If your transfer isn’t instant, switch to PayID, split the amount under your bank’s limit, or call the bank and ask why the handbrake’s on.
Check back soon, or revise your filters.
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