Posted by LLL
No need to wait… transfer your funds in real time with Faster Payments through the New Payments Platform (NPP).
The LLL is one of the first financial institutions in Australia to offer the NPP. It makes it faster and easier for people to transfer money between bank accounts online. As more and more financial institutions start to offer this new technology, using the NPP will soon become the norm.
No longer do you need to remember a BSB and account number when transferring or receiving payments. You can elect to register a unique PayID for your account, think of it as a ‘nickname’; this could be your phone number, email address or ABN number. It simply provides a simpler way to receive payments by sharing your PayID instead of your BSB and account number if you wish.
The new PayID system has the potential to change the way we pay for everything from second-hand goods to paying a tradie or repaying a friend.
What are the benefits?
The LLL and NPP:
Log into LLL@Home to request the NPP functionality for Faster Payments or register a PayID for your LLL account. If you need assistance please contact the LLL on 1800 556 457.
Visit the LLL website for more information on NPP.
This advice is general in nature and does not take into account your personal situation, needs or objectives. Please consider the Disclosure Documents (available in branch or on the LLL website) to decide if this product is right for you.
Be the first to receive news and offers from the LLL.
This will not update your email address in LLL’s banking system. To do that, please log into LLL@Home