If you want to pay straight into your suppliers' and employees' bank accounts you can use a bank file, or pay them directly.
Using a bank file
Create a bank file from AccountRight then upload it to your bank for processing.
Direct payments
Pay directly from AccountRight (only available if you're already set up for this feature – we're no longer taking new applications).
What's the difference?
Using a bank file
available in Australia and New Zealand
both online and desktop company files
included with AccountRight (bank fees may apply)
internet banking required
Direct payments
available to selected Australian customers (see note below)
online company files only
MYOB fees apply (see FAQs below)
internet banking not required
can pay expenses via credit card or Mastercard debit card
streamlined payment process
less data entry = fewer mistakes!
additional security
full payment audit trail
Direct payments availability Only businesses that are currently set up for direct payments can use this feature. We're no longer taking new applications.
Setting up electronic payments
Before you can make electronic payments using bank files, you'll need to set up a few things. For all the details see Setting up electronic payments for bank files.
Making payments
Once you've set up electronic payments, you're ready to start making payments. If you're set up for bank files see Making electronic payments with a bank file.
If you're already set up for direct payments see Making electronic payments directly.
FAQs
What are the fees for using direct payments?
The fees per use are:
Debit card (Mastercard only)
0.1% of the total payment value
Example: if paying $10,000, the fee is $10
Credit card (Visa or Mastercard)
1.5% of the total payment value
Example: if paying $10,000, the fee is $150