Payments and banking solutions built for your business
Tyro Bank Account
Tyro customers can manage their cashflow and get EFTPOS funds settled 7 days a week (even on weekends and public holidays) with our fee-free, interest-bearing Tyro Bank Account when they meet our eligibility criteria1.
- Flexible settlements2
- Earn interest on your business savings
- Integration with Xero
- 24/7 mobile banking with the Tyro App
Tyro EFTPOS
Tyro EFTPOS provides simple, yet feature-rich payment solutions that let businesses take payments how and when they want to.
- Fast, secure payments
- Integration with 330+ POS/PMS providers
- No lock-in contract
- Stay connected through WiFi with a 3G/4G back up
Bank easy with the Tyro App
The Tyro App lets you access 24/7 mobile banking so you can stay on top of your business from anywhere with intelligent notifications, bank transfers, BPAY®, and direct debits.
Powering your payments and banking
Find out how Tyro’s payment and banking solutions can help your business thrive.
Learn more about our payments and banking products
Frequently Asked Questions
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Do I need Tyro EFTPOS and/or eCommerce to open a Tyro Bank Account or Tyro Business Loan?
Yes. The Tyro Bank Account and Tyro Business Loan are only available to Tyro EFTPOS or eCommerce customers`.
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How long does it take to receive my Tyro EFTPOS machine(s)?
Once your EFTPOS application is submitted, you should receive your EFTPOS machine(s) in 7-10 business days.
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When can I apply for the Tyro Bank Account or Business Loan?
To apply for the Tyro Bank Account, you will need to have a Tyro EFTPOS or eCommerce solution and download the Tyro App. Once you have the Tyro Bank Account, you are then eligible to apply for the Tyro Business Loan.
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Is the Tyro Bank Account free?
Yes. The Tyro Bank Account is completely fee-free.
1. Settlements are paid 7 days a week when you meet the following eligibility criteria:
* The daily takings from your Tyro EFTPOS and/or eCommerce facility are settled into your Tyro Bank Account; and
* The Flexible Settlement Allocation feature is configured to leave a percentage of your daily takings in your Tyro Bank Account each day.
Available settlement times are from 8pm to 5am (Sydney time). Excludes Alipay, HealthPoint and funds settled directly by Afterpay, American Express, JCB and Diners Club. Flexible Settlement Allocation, depending on your banking provider it may take up to 3 business days to receive funds into your linked account.
2. Settlements are received daily for Tyro settled funds (including American Express and JCB with Tyro Direct Settlement agreement) – excludes Alipay, HealthPoint and funds settled directly by Afterpay, American Express, JCB, and Diners Club. For Flexible Settlement Allocation, depending on your banking provider it may take up to 3 business days to receive funds into your linked account
` Tyro loans are subject to Tyro's eligibility and credit criteria. A personal guarantee is required and loan repayments are subject to minimum repayment amounts. Tyro loans are only available on the Tyro EFTPOS Banking Terms and Conditions. Other Conditions may apply.
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Tyro Payments Limited ACN 103 575 042 AFSL 471951 (Tyro) is the issuer of its own financial products. As Tyro does not take into account your personal circumstances, please consider if these products are suitable for you. You can contact Tyro on 1300 00 TYRO (8976) or tyro.com and access Tyro's dispute resolution process at tyro.com/complaint-resolution-process/.