candt

What do these payment abbreviations mean?

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    Auto C/C

    Eft

    Bizgate

    via Ph

     

    I'm going to pay fortnightly via bank payment, so which box do I tick?

    sorry it's another silly question:nah:

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    Automatic Credit Card

    Electronic Fund Transfer

    Via phone

    Bizgate I think is a government payment system. But someone else will be able to help.

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    Yep, eft is as above - and means internet banking (i.e. direct payment from one account into another - you will need someone's BSB and A/C number to do this - BSB is equivalent to a sortcode)

     

    Bpay is another way of paying certain bills - for instance your telephone company gives your their Biller Code and a Reference and you can use this for internet banking payments.

     

    You may also see PP used for Periodic Payment - i.e. a standing order and of course DD for Direct Debit

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