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Deposit Instructions

How to transfer money from your business account to your Budgetly account?

To transfer funds to Budgetly for your user to spend on their cards, you will need to make a bank transfer, usually once a month. The amount depends on your budgets and is projected in the ACCOUNT section once logged into Budgetly.

 

Depsit instruction step 1

Australia has strict AML/CTF rules. We are required to verify your bank account prior to you sending funds. This can take up to 24 hours for the first transfer.

 

Depsit instruction step 2

You have 2 options:

  1. The recommended option is to use PayID. You are given a unique email address and most Australian banks offer this option. The funds are transferred in a few minutes.
  2. Another option is to use a bank transfer. You are given a unique bank account with your business name, a BSB and account number. Record it in your bank for regular transfer. The speed depend on your bank with the big 4 banks usually transferring funds in a few hours. On rare occasions the funds will be available the next day.

Budget reconcile funds instantly upon reception from your bank and you can start spending immediately using a Budgetly card.