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READ MOREYou will soon be able to transfer money instantly to other bank accounts
Real-time funds transfers between bank accounts, even from different institutions, will be made possible from January next year thanks to a billion-dollar infrastructure upgrade.
Following a 2012 review of Australia's payment systems, customers of the big four banks and about 50 smaller institutions will be automatically able to use instant payments from around Australia Day.
Read the full article on ABC Online.
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