When transferring funds between Bendigo Bank and NAB, the processing times can vary depending on the method used. Here's an overview:
Bendigo Bank to NAB Transfer Time
If you're transferring money from a Bendigo Bank account to a NAB account using Fast Payments, the transfer is typically processed in under 60 seconds, 24 hours a day, seven days a week, provided both banks support the New Payments Platform (NPP) and the necessary services are enabled.
However, if you're not using Fast Payments, and the transfer is initiated before 6:30 PM AEST/AEDT on a business day, the funds are usually processed that night. Transfers made after 6:30 PM AEST/AEDT, or on weekends or public holidays, will typically be processed on the next business day.
NAB to Bendigo Bank Transfer Time
For transfers from NAB to Bendigo Bank, if you're using Fast Payments, the transfer is usually completed in under 60 seconds, 24/7, assuming both banks support the NPP and the necessary services are enabled.
If Fast Payments are not used, and the transfer is made before 6:00 PM AEST/AEDT on a business day, the funds are generally available the following business day. Transfers made after 6:00 PM AEST/AEDT, or on weekends or public holidays, will typically be processed within two business days.
To ensure the fastest transfer times, it's recommended to use Fast Payments and verify that both your Bendigo Bank and NAB accounts are set up to support this service.
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