D. Electronic Transfers
(Explanatory Notes)
This return [XLS 45K] collects statistics on the usage of electronic transfers. This also includes transactions initiated via a financial institution's Internet and/or telephone banking site (e.g. BPAY, transfer of funds to accounts at other banks, etc). The reporting period runs to the last day of the calendar month.
The lodgement organisation is responsible for completing the return. The lodgement organisation is the institution at which the payment is lodged by the customer, or a third party processor acting on behalf of the customer.
A credit transfer is a payment initiated by the payer, to debit the payer's account and credit the payee's account; whilst a debit transfer is a pre-authorised payment initiated by the payee, to debit the payer's account and credit the payee's account.
Definitions of the terms used in this return are provided below.
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D.1 Credit Transfers
The lodgement organisation and hence the reporting organisation for credit transfers is the payer's financial institution. Credit transfers include all direct entry credits, as well as any other credit transfers (e.g. BPAY) conducted through the reporting organisation's Internet/telephone banking site. Periodical payments (e.g. loan repayments) are included. Other account keeping types of payments are not included. Transactions initiated via the reporting organisation's Internet or telephone banking site are to be separately identified, as are BPAY transactions made from deposit and credit accounts and initiated via the reporting organisation’s Internet or telephone banking site.
| Own Items | Credit transfers where the payee's account is held with the reporting organisation. | ||
|---|---|---|---|
| Outwardly Cleared Items | Credit transfers where the payee's account is not held with the reporting organisation. | ||
| Total credit transfers | All credit transfers. | ||
| of which: | Internet banking initiated – All credit transfers initiated by the payer through the reporting organisation's Internet banking facility. | ||
| of which: | BPAY transactions – All BPAY transactions made from debit and credit accounts – including cash advance transactions where the merchant/biller does not accept credit card payments – initiated through the reporting organisation's Internet banking facility. | ||
| From credit accounts – Those of the above BPAY transactions made from credit accounts. | |||
| From debit accounts – Those of the above BPAY transactions made from debit accounts. | |||
| of which: | Telephone banking initiated – All credit transfers initiated by the payer through the reporting organisation's telephone banking facility. | ||
| of which: | BPAY transactions – All BPAY transactions made from debit and credit accounts – including cash advance transactions where the merchant/biller does not accept credit card payments – initiated through the reporting organisation's telephone banking facility. | ||
| From credit accounts – Those of the above BPAY transactions made from credit accounts. | |||
| From debit accounts – Those of the above BPAY transactions made from debit accounts. | |||
D.2 Debit Transfers
The lodgement organisation and hence the reporting organisation for debit transfers is the payee's financial institution. Debit transfers include all direct entry debits.
| Own Items | Debit transfers where the payer's account is held with the reporting organisation. |
|---|---|
| Outwardly Cleared Items | Debit transfers where the payer's account is not held with the reporting organisation. |
| Total debit transfers | All debit transfers. |
Please send an electronic version of the completed return to payments@rba.gov.au.
