Real Time Payments

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Faster, simpler and smarter payments

Osko® is a new way to pay that’s as fast as cash – without the hassle of cash. Whether you’re paying a tradie, splitting a bill or giving money to family for something urgent – the money will be there in minutes* even on weekends!

You just use your First Option Internet Banking service or Easy App - mobile banking.

Benefits of Osko®

  • Faster payments across over 50 institutions
  • Available all day, every day
  • It’s backed by BPAY, so it’s very secure
  • Use up to 280 characters of text to describe the payment
  • You can use a PayID to pay


It’s a pain to remember a BSB and account number when you want to send or receive money. However with PayID you simply link your mobile number or email address to your First Option account, e.g. S1 Access Saver. Then when someone needs to pay you, simply give them your mobile number or email address. And if you’re a business, your ABN or business name (called an Organisation ID) can be the PayID. Note: You can still use a BSB and account number as before.
Before you set up your PayID, check your mobile number and email address within Internet Banking. Go to 'My Preferences' or simply Contact Us.

Internal Transfers

If you transfer funds to another First Option account, the transaction will be processed immediately. 

External Transfers

Real Time Payments to other banks travel via the NPP (New Payments Platform). If the receiving bank is not yet part of the NPP, external transfers will still take between 24 and 48 hours.

More Information

* In order to protect our members' funds, some transactions may be held by our Fraud Department to ensure that they were properly authorised. In these cases, the funds may not available within the expected time period.
  • First Option arranged to refinance my home loan and set up a budget for me. I can now knock off after a nightshift and go straight to bed knowing there’s nothing I have to do about bills or loans.

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 Additional Product Information


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