PayTo lets you make fast, secure payments directly from your bank account. Unlike direct debit, which may take up to 3 business days to clear, PayTo transfers are instant.
PayTo is developed by NPP Australia in collaboration with banks, fintechs and payment service providers. NPP Australia is a wholly owned subsidiary of Australian Payments Plus, that also includes BPAY Group and eftpos.
How much does it cost?
There are no fees for using PayTo.
How do I know if my bank has PayTo?
Go to the PayTo website or check with your bank if they have PayTo.
Can I lower the $1000 PayTo agreement limit?
The PayTo agreement limit is set at $1,000 in order to align with Kit’s daily inbound transfer limit of $1,000, and cannot be amended. By accepting the agreement, no funds are committed to Kit. Fund transfers are initiated by you inside the Kit App, either by making a one-off transfer, or by setting up a PayDay.