Real time payments are coming to you

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Real time payments are coming to you


We’re excited to announce that we will be one of the first banks to offer real time payments early 2018 – meaning you’ll be among the first to experience the next big thing in banking. 


Funds will show up in the other person’s bank account within seconds


What are real time payments?


Currently when you transfer funds to a friend or business whose account is with a different financial institution, it can take one to three days for the money to appear in their account.

With real time payments, you’ll be able to complete the funds transfer in seconds, no matter what time of day or night it is – provided their financial institution is on board with the New Payments Platform. 

Better still, you’ll be able to make real time payments with just a phone number or email address using a highly secure addressing service called PayID.  


Available 24/7, even on public holidays


What difference will it make?


Cutting the time and effort involved in cash transfers is a major boost for customers and businesses.

For customers, it will make it easier to flick cash to friends, split a dinner bill at the table or complete transactions with people you don’t know.

For businesses, it will mean bill payments can be received sooner, and any unsuccessful payments can be identified and fixed up immediately. It will also improve cashflow and speed up wage payments to staff. 


Use a mobile number or email address to transfer cash


When will it start?


IMB Bank will be introducing real time payments early 2018, and we’ll be among the first banks in Australia to do so.

Stay tuned for more information in the coming months. In the meantime, please update your mobile phone and email details so you can make the most of real time payments straight away. 


IMB Ltd trading as IMB Bank. ABN 92 087 651 974. AFSL/Australian Credit Licence 237 391.