Important: Bank transfers are processed on Mondays, however, only requests submitted before Sunday will be included in the processing. Your bank will usually release the payment on the Tuesday. Public holidays will delay processing till the next business day.


Firstly, have your bank details available.

  1. Login into https://my.octopusgroup.com.au 
  2. Go to the Redeem page
  3. Enter your BSB and account number
  4. Click Request


You will see something similar to the image below to confirm your redemption request via SMS.


Note: Leave this page open



A confirmation email will be sent to your registered email address, please check the email for your submitted bank details and contact support if they are incorrect.


The redemption is confirmed immediately and it will be listed on the Transaction History section.


The SMS confirmation process protects your account from any un-authorised activity.


Notes:

  • If the message is not delivered try sending the sms to our backup number +61 429 352 899 this is the better number for iPhone users    
  • The local mobile number format is 0447 030 301
  • Check your Spam/Junk folders if the email doesn't arrive in your inbox.
  • Bank transfers are processed on Mondays and only requests submitted before Sunday will be processed. This provides a 24 hour grace period for members to get in-touch with support if necessary.
  • Our terms state that bank transfers can take up to 30 days, however, practically we aim for weekly.
  • Internet Explorer browser is not supported, please use a different browser to complete the redemption