Important End of Financial Year (2023/2024) Information
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Important information about End of Financial Year transaction processing times
If you have any financial transactions planned for the end of the financial year on 30 June, such as payroll or superannuation payments, please make sure these are completed before 8:30pm on 30 June. This ensures they will be processed within this financial year.
Key Deadlines to Remember:
- BPAY Payments: The deadline for sending out BPAY payments is 5pm on 28 June.
- Other Payments: Payments scheduled after 8:30pm on 30 June will be reflected as a 1 July transaction on your statement.
Please keep in mind that certain payments, such as BPAY, real-time payments (like OSKO), and all online transactions, may take up to 2 days to reach their destination. The time it takes for these payments to process also depends on the receiving bank's processing times.
Planning ahead and scheduling your transactions accordingly will help ensure they are processed in line with your financial year-end needs.
Thank you for your understanding.
Your MyState Bank Team