How are disbursements made to the school bank account?

When parents make a payment, the money they have paid goes to a central account for processing. The money is then 'disbursed' into your bank account on a weekly basis.

You can access disbursement information (e.g. to compare total amounts to broken down individual payments against Ledger Codes) from the 'School Reports' panel of PayOurSchool.

Disbursements take place at 2pm on a Friday, however in line with standard processing times in the banking system the funds could take up 2 working days to reach the school's nominated bank account(s).

 

Posted in: PayOurSchool FAQs