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Bank deposits (AU and NZ)

Bank deposit is an offline EFT into your school account. PayID is the same pending-confirm flow, using a PayID instead of BSB and account number. The invoice stays unpaid until staff confirm the money has landed. Neither is Stripe PayTo.

Turn it on

Go to Settings → Methods. Enable Bank deposit for BSB and account number, PayID for PayID, or both. Students only see the method you enabled. The fields you see depend on the country on your business address.

Australia

Bank deposit requires the account name, a 6-digit BSB, and the account number. PayID is a separate method: account name plus a PayID (email, phone, or ABN). You do not need BSB details to offer PayID. Students are shown only the rail they chose, plus a payment reference such as INV1234.

New Zealand

Enter the account name and the full 15- or 16-digit bank account (bank, branch, account, suffix). BSB and PayID are not used. The account number is shown hyphenated, for example 12-3456-0123456-00.

Take payment

On an invoice, choose Bank deposit or PayID, then request details. That creates a pending payment and shows the details plus the reference. The student can do the same from the portal. When the transfer appears in your bank, open the invoice and choose Confirm deposit received. Cancel the pending payment if they will pay another way.

Accounting

Confirmed deposits land on the confirmation day's daily summary as Bank deposit. Map a Bank deposits account under Settings → Accounting, or they fall back to your checking account. If bank deposits are a primary method, per-invoice Xero sync (when sent) makes statement matching easier.