Osko is a new Australian payment service that allows real time transfers between banks. Nearly all major banks in Australia including Westpac, ANZ, ING, Nab and many more support Osko payments. What this means for Kraken clients is you can make a deposit to your Kraken account and have it credited within a few minutes.
Does my bank support Osko Payments?
You can check on the Osko website whether or not your bank has Osko support by searching your bank and then clicking on your bank name in the search result.
How do I utilize Osko when making a deposit?
If your bank supports Osko it will automatically be enabled when making a transfer. Keep in mind that some banks have limits on how much can be transferred using Osko each day. We recommend contacting your bank for further details on their limits.
What is PayID?
PayId is another service offered by most major banks which allows clients to send funds using just an email address instead of having to type in an account and BSB number.
Can I have friends or family make deposits from their bank account to my Kraken account?
No, deposits must come from a bank account registered with the same name or entity name that was used when signing up to Kraken.