The Mutual Bank now offers PayTo – an easy, digital way to pay directly from your bank account.
PayTo gives you visibility and control as you can see and manage your PayTo agreements in Internet Banking.
A business or merchant will set up a ‘PayTo agreement’ with you which enables you to authorise how much, and when, you will pay for their goods or services. It could be for a one-off, ad-hoc, or recurring payment.
You will be notified via SMS, email or secure email within Internet Banking that a new PayTo agreement is awaiting action, and the PayTo agreement will appear in your Internet Banking for your authorisation.
Once you have authorised the agreement, the business or merchant can debit your account according to the terms you have agreed. You also have the option to decline the agreement.
At any time, you can pause, cancel, or amend the linked account with consideration to the impact on payments and contractual arrangement.
You can use PayTo for all kinds of payments including recurring bills that were typically paid through direct debit, or in-app and online purchases that previously relied on a card.
Read more here.
PayTo is a registered trademark of NPP Australia Limited.
Please read our Product Disclosure Statement Part 1 – Key Features and Terms and Conditions found on our Important Documents page for more information on Internet Banking.
