Make your everyday payments easier, safer and faster with BankVic. We offer you choice and flexibility with payid, digital wallets - Apple pay, Google pay, Samsung pay, Fitbit pay, Garmin pay, making your electronic funds transfer fast and convenient.

Making your everyday payments easier.

Secure and convenient options available on your BankVic account!


Flexibility, security and convenience

  • Choice and flexibility icon

    Choice and flexibility

    Use your Visa card, digital wallet, PayID and funds transfer – the choice is yours.

  • Private and secure

    Private and secure

    Your bank details are stored on your device and PayID uses something unique to you, like your mobile number.

  • Fast and convenient

    Fast and convenient

    Leave your card at home and pay on the go with digital wallet and PayID means you no longer need to remember bank account details.

Direct debits

Direct debits

A direct debit facility is a simple and convenient way for you to make payments straight out of your transaction account with your BSB and account number. It is most often used for regular transactions like card repayments, insurance premiums and utility bills.

To pay by direct debit, you need to sign a Direct Debit Request (DDR) form addressed to the business or company (the biller) that you wish to pay. The DDR gives the biller permission to debit amounts from your transaction account.

Cancelling a direct debit arrangement

If requested, we'll cancel a direct debit arrangement for you within one day of receiving your request. We won't charge you a fee for cancelling a direct debit facility. You can also cancel a direct debit arrangement by making a request directly with the biller. If we cancel the arrangement for you, it's still a good idea to notify the biller to avoid any fees they may charge for a rejected direct debit.

Some billers use PayTo for their direct debit arrangement. For direct debit arrangement with billers using PayTo, you can cancel the arrangement via internet banking.

Recurring payments

Recurring payments

A recurring payment arrangement is where you pre-authorise a merchant to bill your Visa card at regular intervals. For example, when you subscribe to a streaming service, you provide your Visa card details and authorise the streaming provider to charge you at regular intervals for your subscription.

Cancelling a recurring payment arrangement

To cancel a recurring payment arrangement with a third-party, you will need to cancel your pre-authorisation with the third party directly. For example, if you cancel your streaming subscription, the service provider must stop debiting your Visa card within the timeframe stipulated in the agreement.

Any issues with recurring payments, including if the third party fails to comply with your request to cancel a recurring payment, should be addressed with the third party directly.



  • BankVic cheques deposited via Australia Post take three business days to clear.
  • For BankVic cheques presented at other financial institutions, clearance times will be up to each institution.
  • If you need to stop a cheque or cheque book, please visit a BankVic branch or call 13 63 73 as soon as possible. Cheques that have already been presented by the payee cannot be stopped.

Preventing cheque fraud

  • Writing ‘account payee only’ between two parallel lines on your cheque directs the bank accepting it to only pay the cheque into the account of the person named on it.
  • If the words ‘or bearer’ are on a cheque, it means a bank can pay the cheque to anyone in possession of it even if they are not named on it. Crossing out ‘or bearer’ means the bank must only pay the cheque to the account of the person named on it.
  • Writing ‘not negotiable’ between two parallel lines on your cheque protects the true owner of a cheque if it is lost or stolen. This means that if the cheque is transferred to another person, they have no greater rights to it than the person who gave it.

Account Deposits, Withdrawals and Payments

Transaction Limits

  • DescriptionWithdrawal limit
    Osko - direct transfer in real time$2,000 per day

    Direct Transfer (funds will be available to payee within 3 working days)

    Payments to new payees are secured through the use of a One Time Password.  If you need to transfer an amount that exceeds the maximum daily limit, please contact us on 13 63 73.

    $10,000 per day
    Combined daily transfer limit (Osko & Direct Transfer)$12,000 per day
    BPAY$10,000 per day
    Debit and Credit Cards (Digital Wallet/PayWave/Transfer)Available funds/credit limit
    ATM and EFTPOS$1,000 per day
    In branch24 hours advance notice is required to withdraw $5,000 or more in cash
  • DescriptionDeposit limit
    Direct transfer in real time via OSKOUnlimited
    Direct transfer (available to payee within 3 working days)Unlimited
    Debit and Credit Cards ((Digital Wallet/PayWave/Transfer)Unlimited
    In branchUnlimited
    ATM or EFTPOSNot available for deposits

    Deposits of up to $9,999 per day in cash are accepted using a specially barcoded deposit book available from BankVic (a maximum of $20.00 in loose coin will be accepted). Bank@Post will not accept a deposit of $10,000 or more.

Terms and conditions

Important things you should know

Information on this page is general in nature and does not take into account your personal circumstances. You should consider whether it is appropriate for you before acquiring the product or service.

Fees and charges may apply. Interest rates are variable and subject to change. Information on our terms & conditions, interest rates and fees & charges are available on request.

We recommend that you read the following documents: