Commonwealth to ANZ transfer time

Transferring funds from a Commonwealth Bank (CBA) account to an ANZ account is generally swift, especially when using modern payment methods. However, the exact transfer time can vary based on several factors, including the method used, the time of the transaction, and whether it's your first transfer to the recipient.

Using PayID or Osko Payments

Both CBA and ANZ support PayID and Osko payments, which are part of the New Payments Platform (NPP). These services enable real-time payments, allowing funds to be transferred instantly, 24/7, including weekends and public holidays. If you're sending money to a payee you've used before, the transfer is typically processed immediately. However, if it's your first time transferring to a new payee, the payment may be delayed by up to 24 hours as a security measure.

Using BSB and Account Number

Transfers using the traditional BSB and account number method are also supported by both banks. If the transfer is initiated before 7:30 PM AEST on a business day, it will usually be processed and received on the same day. Transfers made after this time or on weekends and public holidays may take 24 to 48 hours to be processed.

Considerations for First-Time Transfers

For first-time transfers to a new payee, banks often implement additional security checks. This can result in a delay of up to 24 hours, even if the transfer is made during business hours. Therefore, it's advisable to plan accordingly when making initial payments to new recipients.

Summary

• PayID or Osko Payments: Instant transfer, 24/7, including weekends and public holidays. First-time transfers may be delayed by up to 24 hours.
• BSB and Account Number Transfers: Processed the same day if initiated before 7:30 PM AEST on a business day; otherwise, it may take 24 to 48 hours.
• First-Time Transfers: May experience up to a 24-hour delay due to additional security checks.

For more detailed information, you can refer to the official Commonwealth Bank support page.